Today
O’Neil declares war on red tape to fix housing crisis
The housing minister says over-regulation is hampering construction, with average build times blowing out to 10 months for a house and 28 months for an apartment.
Yesterday
Mystery buyer of $20m Vaucluse mansion revealed
Harry Triguboff’s granddaughter Miki Hendler and her pub baron husband, Elliot Solomon, have landed in Sydney’s affluent eastern suburbs.
Sympli puts up the white flag, proposes working with arch-rival PEXA
The ASX-listed conveyancing services giant, backed by Commonwealth Bank, says it is “not the role of competitors” to discuss industry structure.
This Month
This migrant family business will knock off Virgin as the biggest IPO
Fund managers love a family business transitioning to the ASX. This property group has all the traits.
Meet stayvestors, the home owners who live with parents
A new generation has hit the market, finding a way to overcome the hurdle of housing affordability and still build wealth through real estate.
Auction leaps $1m in 17 seconds as volumes surge and buyers return
Auctions volumes and buyer sentiment have picked up following a decisive election result and two rate cuts, with the expectation of more to come.
First-time buyers fuel property price rises
A second cash rate cut has given first home buyers confidence to get into the market. Prices expected to rise at a sustained pace this year.
KKR young gun buys $8.4m Point Piper apartment
He has joined the who’s who on the pricey peninsula in Sydney’s eastern suburbs, taking the keys to an $8.4 million whole-floor apartment.
May
Competition watchdog confirms it is investigating REA Group
Agents say the price to list properties has increased every year, and REA subscription fees are jumping as much as 110 per cent from July.
Buyers will pay $118,000 more for energy-efficient homes
New figures show the importance of sustainability and long-term costs, not just up-front affordability, in the housing market.
‘People don’t want state-owned homes’: Coalition overhauls its housing policies
The new opposition spokesman on housing says the Coalition’s home buying policies are up for review, and vows to oppose Labor’s ‘crazy’ schemes.
Are house prices about to take off again?
This week on The Fin podcast, economics correspondent Michael Read on why the Reserve Bank is cutting rates and what it means for people like him trying to buy a house.
12 houses, $165m: Rose Bay home owners join forces to sell mega block
New NSW policy prompts the 12 property owners in the affluent harbourside Sydney suburb to put their collective site up for sale to developers.
$5.3m Mosman unit sold after talks as rate cut delivers patchy results
Property buyers are weighing up the benefit of lower borrowing costs versus global economic uncertainty – and reaching different answers.
What’s a balcony worth? In Sydney, apparently $360k
New data shows home buyers on the east coast are forking out eye-watering sums for a balcony. In Perth, not so much.
Albanese’s triumph could also mark Labor’s use-by date
Labor’s thumping election victory rests on just 35 per cent of the primary vote and a big government agenda. But are any of Australia’s parties fit for purpose?
Bitcoin miner smashes record with $15.5m beachfront pad
The co-founder of Iren Energy, Dan Roberts, has eclipsed the top sale price for Avoca Beach after spending millions on an unrenovated beachfront.
Brisbane buyers pay $19.2m for yet-to-be-built Gold Coast penthouse
The resort-style apartment that will be atop David Devine’s Royale tower has sold for a record price for a Surfers Paradise unit.
Agent sells her own $21.5m home for a record
Real estate agents can be surprised when they get an unexpected offer – even on their family property, as just happened in Perth.
House price risk won’t stop another rate cut: Bullock
Reserve Bank of Australia governor Michele Bullock expects state and federal governments to do the heavy lifting on housing affordability.