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NSW residential property

This Month

Ardenbraught was built in 1903 for barrister Cecil Stephen KC and converted into apartments in 2002.

Goldman Sachs banker sells grand Point Piper apartment for $13m

Brian and Evelyn Topper, of the AI Topper leather goods family, have been revealed as the buyers of Zac Fletcher’s harbour-view luxury pad.

  • Bonnie Campbell
Hayman House on Hayman Island, Queensland.

Eight of the best luxury Australian holiday homes for sale

AFR Weekend rounds up the most luxurious holiday properties on the prestige market – and their high-profile owners.

  • Bonnie Campbell
MaxCap-backed Byron Plaza could be put up for sale after the collapse of its developer, Luxcon Group.

MaxCap investor groups face off over stalled Byron Bay project

The private credit firm is contemplating selling the development site in a move it has warned could mean one group of investors will end up losing its money.

  • Primrose Riordan
An artist render of the Hyde Park apartment project that MaxCap is hoping to sell.

MaxCap warns of real estate fund return slump and asset fire sales

The private credit firm has told investors that an “extended period of high market volatility” had hurt the viability of some of its real estate investments.

  • Updated
  • Primrose Riordan
An auction in Melbourne’s Albert Park last month. The Victorian capital recorded a big slump in the median property price.

House prices are falling for the first time in nearly two years

A slight decline in the median home value in December was powered by an outsize slump in Sydney and Melbourne. Economists and realtors expect it to continue.

  • Nila Sweeney
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Minimbah road, Northbridge.

Record smashed as $30m north shore estate sold days out from Christmas

A sprawling waterfront estate spanning three lots has sold for about $30 million on Sydney’s lower north shore, setting a new suburb record.

  • Bonnie Campbell

December 2024

Simonelle Mody is a 25-year old finance professional living in a UKO co-living space in Paddington.

Can an ‘upmarket boarding house’ solve Sydney’s housing problem?

Hotel Capital Partners is acquiring the former Quest Potts Point hotel and turning it into short-term rental housing to capitalise on inner-city housing shortages.

  • Campbell Kwan
The Minns government in NSW wants to speed up housing approvals.

‘Profit vaporised by time’: Westpac boss backs council reform to fix housing

Anthony Miller has thrown his weight behind the NSW government’s ambitious push to bypass local councils and reform planning laws.

  • Lucas Baird
The Wellington Health precinct being developed by APH and financed by MaxCap.

Investor letters reveal private credit exposure to collapsed developer

APH Holding fell into administration last week, owing several lenders significant sums. Correspondence shows how short one lender, MaxCap, is on a project.

  • Primrose Riordan
An artist’s impression of a proposal to replace what developer Fortis calls an “ageing residential flat building” in Elizabeth Bay with high-end apartments.

Elizabeth Bay luxury tower development rejected

The Rolling Stones made a surprise appearance in a judgment backing residents in a fight with developer Fortis about housing needs.

  • Michael Bleby
Mirvac has signed Sumitomo Corp as a capital partner for its $830 million Highforest residential project in north-western Sydney’s West Pennant Hills.

Japanese giant in mega housing deal with Mirvac

The deal marks the next wave of Japanese investment in Australian property as trading companies seek out opportunities.

  • Michael Bleby
Buyers of apartments on sites such as this 22-storey, 111 Castlereagh by Cbus project in Sydney have an easier path to make claims in case of defects.

How it just became even better to buy an apartment in NSW

A High Court ruling has made it easier for off-the-plan buyers to sue developers and builders for defects – but only if they live in the largest state.

  • Michael Bleby
Top floor: The two-bedroom, two-bathroom apartment in inner-southern Sydney’s Waterloo sold by private treaty for $1,040,000.

Vendor sells $1m apartment in ‘flooded’ market

In a building with many investors selling, an upgrading owner-occupier was also trying to offload – in a market that changed for the worse within months.

  • Michael Bleby
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ANZ’s risky new CEO; Assads ‘like mafia’; ‘Shoebox’ fetches $850k

Read everything that’s happened in the news so far today.

The two bedroom, one bathroom, one car park unit in a building of eight at 2/38 Boundary Street in northern NSW’s Tweed Heads sold by private treaty for $850,000.

‘Shoebox’ apartment sells for $850,000 in less than a day

With supply crunched, this 41-square-metre unit sold at a rate similar to those on nearby Millionaires’ Row.

  • Michael Bleby
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Bargain hunters could find heavily discounted houses in some of the most prestigious coastal suburbs as prices fall further.

The best beachside suburbs to grab a bargain before the year ends

As buyer demand dries out, sellers in these sought-after coastal suburbs are becoming more motivated to sell.

  • Nila Sweeney
Render of new residential towers that will sit on top of the old Sydney Fish Market site.

More than 1000 apartments to rise from old Sydney Fish Market site

A long-heralded plan to transform the site into housing is gaining momentum, as three major developers are shortlisted for the $1.5 billion project.

  • Campbell Kwan
Tony Pitt’s 360 Capital is the RE of the mortgage fund.

360 Capital Mortgage REIT launches equity raising

Prospective investors were told the proceeds would be invested in about 60 residual stock loans in residential properties in north west Sydney.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
The corner house at 23 King Street, St Marys, NSW, was the most valuable of the three.

Not even the agent saw this $4.2m purchase coming

They were three separate houses, sitting in a row. The residential sites were no good for development, but that didn’t stop one buyer from purchasing them all.

  • Michael Bleby

November 2024

The three-bedroom semidetached home at 130 Ramsay Street, in inner-western Sydney’s Haberfield sold by private treaty for $2.25 million.

The $2.25m sale of an Airbnb that dragged out over four weeks

This was a difficult house to sell because of restricted opening times but its price point below the suburb median ensured the buyer was patient.

  • Michael Bleby

Original URL: https://www.afr.com/topic/nsw-residential-property-hvx