This Month
How bridging finance can help downsizers into the right property
With the property market running hot and the ability to move fast a necessity, bridging finance can be a useful tool for downsizers.
Wealthy downsizers flock to hotel-style apartments
Developer PQD is pursuing a downsizer-focused development in Melbourne’s inner east with everything from a golf simulator to infrared saunas.
October
‘Last row standing’: The fight for Sydney’s 120-year-old terrace homes
A new battleground in the NIMBY debate is emerging as Neutral Bay residents fight to get cottages heritage-listed to save them from the city’s rezoning rules.
‘Gobsmacked’: downsizer cops $260k home warranty bill for $2.9m build
The exorbitant cost of building insurance has blown up a NSW downsizer’s home construction plans. The industry is calling for a review into a “broken system”.
NIMBYs, YIMBYs unite against $100m Packer-backed Potts Point project
The major housing development has received nearly 200 submissions as residents are firmly against the development, but so is Sydney’s YIMBY group.
September
Grandparents driving up luxury unit prices in their favourite suburbs
Overall, while apartment values are tracking steady in Sydney and Melbourne, some suburban units are racking up strong growth. It’s all about the grandparents.
Macquarie’s $2.9b fund launches into land lease development
The silver doughnut’s funds management arm has a 2000-home pipeline that it wants to expand to 5000 lots in less than a decade.
August
Lifestyle Communities makes exit fees optional after tribunal ruling
The company, which has suffered a 26 per cent loss in value in the past six months, gave reassurance the pain would not worsen – and improvement was on the way.
How Mosman became ground zero in the NIMBY debate
A proposed six-storey boutique apartment building has the residents of Sydney harbourside suburb Mosman up in arms.
July
A new home in 20 days, promises the ‘Henry Ford’ of modular housing
A Melbourne modular home builder is gearing up to churn out what it hopes can be as many as 1000 homes annually. They’re not fancy, but they’re cheap.
Lifestyle Communities’ fees show land lease is Frankenstein’s monster
At its peak, the model looked like innovation. A tribunal decision in Victoria shows it is where financial engineering meets a complete lack of housing policy.
GemLife debut now ASX’s seventh listing success in two weeks
The property developer raised $750 million in the biggest IPO of the year, with stock in high demand as investors look for new opportunities after a dry spell.
June
Overseas investors pile into ‘safe haven’ GemLife’s $750m IPO
The land lease operator’s initial share sale taps the need for affordable housing for downsizers and the demand of investors to buy into Australian housing.
What NAB’s former chief economist learnt when he sold the family home
After three decades as NAB’s chief economist, Alan Oster retired in March. Soon after he sold the family home. This is his advice.
March
I’m 71 with $253,000 in super. How can I boost my balance quickly?
Here’s how downsizers can immediately add $300,000 to their retirement savings.
Slash stamp duty to encourage retirees to downsize: ING
The bank’s local chief executive, Mel Evans, said shorter-term solutions to housing affordability were needed until more new properties hit the market.
February
Lendlease counts on Baby Boomer demand for luxury apartments
CEO Tony Lombardo says the builder, developer and investor is looking firmly at downsizers, because interest rates don’t bother them.
The buyers who saved money with a 5-day purchase
A downsizing couple was desperate to secure a new home and get simultaneous settlement. Then they found this apartment.
January
GreenFort Capital buys two Queensland land lease sites
The fund manager wants to balance its housing offering for downsizing over-50s with other sectors such as retirement and build-to-rent.
December 2024
‘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.