Today
CBA, NAB grapple with the rise and rise of mortgage brokers
CBA’s Bankwest and NAB’s Ubank digital brands have been revamped, to make them more attractive to brokers who are now writing three in four home loans.
Yesterday
Former EL&C Baillieu rainmaker Stephen Macaw sells Brighton home
The corporate banker, who left his blue-blood Melbourne firm after publication of a number of secretly recorded conversations, has sold his Golden Mile pile.
How these women are building wealth through property
Shyanne Kuru, Ivy Chen and Tanya Turner are among the growing but still small cohort of women who own an investment property, but had to overcome initial fears.
This Month
Foreign home buyers race to beat April ban
The latest figures show buyers from China are the largest group investing in housing. Foreign residents will soon be banned from buying existing homes.
Ingenia says its turnaround, not the market, is boosting earnings
The land lease developer has a new CEO who says his new strategy, which included cutting off a sub-scale funds management arm, is working.
Which suburbs have become affordable after the rate cut?
A number of desirable suburbs that were previously unaffordable are now within reach for high-income and median-income earners, according to CoreLogic.
COVID ‘refugee’-turned-investor flips $5.3m home
An aspiring reality TV star who fled Victoria’s pandemic lockdowns has developed a profitable line of work in buying – and selling – Queensland homes.
Mornington mansion sells for $17m – but it’s not where you’d expect
An opulent Spanish-style mansion in Victoria has sold for a record price - but it’s not in Sorrento or Portsea.
The pros and cons of a 30-year fixed mortgage
Kyra Tsitsinaris and Daniel Charalambous would jump at the chance to lock in their home loan interest rate for 30 years – as long as they save money in the end.
Harbourside mansion sells for $55m, smashing suburb record
A Rose Bay home has sold for a hefty price, setting a new high for the suburb in Sydney’s east.
Landlords baulk at passing on rate cut to tenants
Investors such as Stefan Belevski say rent increases in recent times have not covered rising loan repayments and other costs.
Bailador backs $100m property AI app challenging buyers agents
PropHero matches investors with properties in Australia, Indonesia, Ireland and Spain and claims to have outperformed the market on every investment.
Major parties’ housing policies will trap young buyers in lemons
A glut of entry-level housing could deny first home buyers the sort capital gains that made their parents wealthy.
Rate cut to boost buyer sentiment, but not house prices
The RBA’s decision to cut the interest rate is poised to stabilise home values in Sydney and Melbourne, but unlikely to spur a surge in prices.
NSW fast-tracks 6500 homes with new authority
The state government backs its new housing authority’s recommendations for 11 big projects to go in the express lane for approval, bypassing council gridlock.
Home in ‘last affordable frontier’ goes for $760,000
Price growth may be slowing in this city, but some market niches are booming – precisely because other levels have priced buyers out.
‘Deadening effect’ on home building: PC urges slashing red tape
Half as many houses are being built per hour worked today than 30 years ago, according to a report by the Productivity Commission.
Is the worst over for Melbourne’s housing market?
Pockets in the city are starting to bounce back as first home buyers and investors take the plunge, buyers’ agents say.
Foreign residents barred from buying existing homes for two years
The new policy will mean people living temporarily in Australia, either for work or study, will be banned from purchasing existing houses until at least 2027.
Home loan demand rises as buyers ready for rate cut
Hopeful home buyers are preparing for lower interest rates as early as next week by arranging financing in larger numbers.