Today
High-income households locked out of half of the housing market
The latest data shows an income of $172,000 is only enough to buy half of the homes on offer in Australia. Four years ago, it would buy 80 per cent of the market.
- 54 mins ago
- Nila Sweeney
Yesterday
Metricon widow puts $5m luxury pad on market
Patricia Curtis-Kline, whose husband George founded what became Australia’s largest home-builder, is preparing to leave her adopted home.
- Michael Bleby
Where cash buyers are splurging billions on property
More than 141,000 residential properties were sold without a bank loan involved in FY24, according to PEXA.
- Nila Sweeney
This Month
More households making ‘difficult’ decision to sell homes, RBA warns
Real estate agents say financial stress – and divorce – are prompting a surge in distressed listings, particularly in Victoria and parts of regional NSW.
- Michael Bleby
Listings soar in Sydney and Melbourne as homeowners run down savings
Spring is the traditional selling season. But a flood of properties hitting the market is being driven by persistently high interest rates, economists warn.
- Michael Bleby and Joshua Peach
Property management rights industry worth $9.4b
Rising real estate values and new developments have underpinned growth of the Queensland-dominated sector.
- Larry Schlesinger
The cities predicted to miss house price downturn
The housing price dip in Sydney and Melbourne has intensified in the recent months, but this may not last long, experts say.
- Nila Sweeney
Why Melbourne’s housing market is primed to outperform all capitals
The city’s improved affordability means it could outperform its peers in the next recovery, experts say.
- Nila Sweeney
Voters furious at housing impasse, O’Neil warns Greens
The Housing Minister says voters will punish an ‘unholy alliance’ between the Coalition and the Greens.
- Tom McIlroy
House prices fall in 40pc of Sydney suburbs
The city’s property market downturn is becoming more widespread as stock levels rise, borrowing capacity shrinks and affordability worsens.
- Nila Sweeney
How much does that big house really cost you?
A new exhibition challenges thinking about houses at a time when Australia’s homes are the biggest in the world.
- Michael Bleby
Spoiler alert: interest rate cuts will be small and slow
What property investors need to know is that interest rate increases often come in clusters, but drops tend to be far more spread out.
- Jarrod McCabe
Why property developers are giving up on bank loans
Nearly three-quarters of developers are using private credit debt to fund their projects, ensuring that more housing gets built, a survey has found.
- Updated
- Larry Schlesinger and Campbell Kwan
Housing market braces for Trump’s interest rate gyrations
Less than two thirds of homes listed for auction sold in the past week as an already weakening market absorbed the prospects of Donald Trump’s re-election.
- Nick Lenaghan
Big super takes the scenic route to Campus Living exit
It is unclear if Campus Living Villages’ exit, eight-years in making, will happen in 2024.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Downsizing Rich Listers offer lifestyle estate with Yarra Valley views
Rich Listers Rodney and Janet Spooner are selling their semi-rural lifestyle estate with views of the Yarra Valley and downsizing to a St Kilda Rd apartment.
- Larry Schlesinger
Meet the Australians making money from US real estate
As the dust of the American presidential election settles, a weaker currency and falling prices make luxury property attractive for wealthy foreigners.
- Michael Bleby
Buyers switch to apartments amid affordability crunch
As the affordability of houses worsens, the demand for units and townhouses is expected to increase, fuelling price rises, according to experts.
- Nila Sweeney
RBA rate call kicks delayed spring market into next year
The east coast-dominated housing markets have been holding out hope for relief on borrowing costs. None came on Wednesday.
- Michael Bleby
‘Glut of empty bedrooms’ looms as houses outpace apartments
The pipeline of detached houses far outstrips that of apartments – and the gap is widening. But this may not be the housing we need.
- Larry Schlesinger