Today
Housing market confidence follows financial markets down
Auction clearances took a dip across all capital cities as auction volumes surged. Economists are seeing parallels with 2008.
3 charts that show why housing is a key battleground for PMs
Residential property values have surged almost five times as much under Coalition governments than Labor ones over the past 35 years. Here are the reasons.
This Month
How ‘least likely to succeed’ Simon Cohen cracked the eastern suburbs
The real estate guru introduced a buyer’s advocacy model to Australia with a desk above a pub. Now he has 100 staff and offices across the country.
Metrics-funded Northern Beaches development heads for court
Street Talk understands Metrics briefly paused funding the Sam Mustaca-led residential development in Sydney’s Warriewood.
Cosmetic king takes parting shot at Mosman as he sells pad for $14.6m
Laser Clinics co-founder Babak Moini sold his home in Sydney’s lower-north shore after almost a year-long campaign, opting to return to his Barangaroo apartment.
Lendlease faces $100m hit in Sydney land dispute
The setback at Figtree Hill comes as the ASX-listed developer, led by Tony Lombardo, presses ahead with a radical overhaul of its global business.
PE heavyweight buys fashionista’s $45m Bellevue Hill home
Private equity operative Nick Speer and his wife, Camilla, have purchased a Sydney mansion owned by fashion stylist and influencer Natalie Jacobson.
Vendor takes $33k hit from levies, but makes it up in sale price
A seller wanted $680,000 for her flat. But when she offered to pay special strata fees needed for the building, she raked in $716,000 from the new competition.
Former Dexus executive sells $23m Sydney mansion
One of Darling Point’s most beautiful homes, landmark mansion Kardinia, has sold in an off-market deal.
Crane index shows little sign of a building boom
While home-building activity picked up in one large city, the latest crane count paints the picture of a sluggish construction sector.
March
Sydney’s $40m-plus trophy deals defy pre-election trend
A string of top-end home sales in the eastern suburbs flies in the face of the usual market lull before polling day.
Wealthy suburbs turn to buyers’ markets as house prices slump
Deep-pocketed home buyers could land discounted houses in the country’s most expensive markets where prices have fallen over the past 12 months.
Where coastal property prices are hot
Despite an initial pullback in demand following severe storms or cyclones, house prices along the coast can show remarkable growth over the long term.
Lendlease CEO Tony Lombardo sells $13m Elizabeth Bay mansion
The head of the property giant and his wife, lawyer May Chen, have sold their historic home after a seven-month campaign.
Medico buys Packer’s $27.5m Sydney penthouse
Histopath founder Dr Chris Douglas has taken the keys to Francesca Packer-Barham’s luxury apartment within the Harry Seidler-designed Horizon tower.
$13m Byron Bay estate sells (at a discount) to make suburb record
Wellness warriors James and Chrissy Duigan have sold their luxury Newrybar retreat, after slashing the price by about $7 million.
Kirribilli penthouse with $65m price tag aims to rival city’s finest
There are hopes a boutique apartment project on Sydney’s lower north shore will reset the national square metre price record with an ultra-luxe penthouse.
Catalano’s property drama spills into Byron Bay altercation
Police were called to the altercation outside Raes Hotel on Wategos Beach.
Buyer hands over $5.4m asking price to avoid renovation
Construction costs may be easing, but purchasers are still wary of getting stuck with huge bills and unpredictability. They’re willing to pay for certainty.
Rate cut fails to lift market, clearances tack lower
The failure of buyers to pile into the market after February’s rate reduction tells the Reserve Bank it can cut again without triggering a housing boom, an economist says.