Today
Home prices climb to record high
The February interest rate cut has revived confidence and boosted demand, despite only a small improvement in affordability.
Yesterday
House doubles in 2 years to $3.55m after cosmetic renovation
A five-bedroom Queenslander in northern Brisbane was a stand-out sale as buyers and sellers typically hold back until the outcome of a federal poll is known.
Buyer pays $190,000 above their own pre-auction offer to secure home
The vendor was happy with the strength of bids made during the campaign but pushed it to auction anyway – and it was worth their while.
March
Wealthy suburbs turn to buyers’ markets as house prices slump
Deep-pocketed home buyers could land discounted houses in the country’s most expensive markets where prices have fallen over the past 12 months.
Trade war not good for interest rates or home buyers: Cotality
Inflation could spike over the near term, leading a smaller rate cut and depriving home owners of much needed mortgage relief according to a global CEO.
Where coastal property prices are hot
Despite an initial pullback in demand following severe storms or cyclones, house prices along the coast can show remarkable growth over the long term.
Slash rates to avoid recession
Readers’ letters on the need for interest rate cuts, slashing stamp duty for retirees, housing affordability, tax bracket creep and the Melbourne Airport Rail Link.
Budget to expand shared equity housing access
Facing a tough election fight over housing, the Albanese government will expand its Help to Buy program and boost prefabricated housing construction.
Last quarter’s least and most profitable housing markets revealed
Home sellers racked up record profits in the December quarter, but apartments delivered losses for many owners in Melbourne and Sydney.
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.
New homes to fall 400,000 short of national target: report
The production of both greenfield homes and apartments is well below average. The supply of new dwellings is forecast to fall 11 per cent this year.
The growing problem facing Australia’s ‘broken’ housing market
Private credit has backed housing development as banks retreated, but new and smaller players are taking on projects that may never be finished, says a report.
Melbourne’s home buyers turn bullish after rate cut
The city’s housing market recovery is forecast to gather steam as buyers embrace a better borrowing environment.
Buyer hands over $5.4m asking price to avoid renovation
Construction costs may be easing, but purchasers are still wary of getting stuck with huge bills and unpredictability. They’re willing to pay for certainty.
Rate cut fails to lift market, clearances tack lower
The failure of buyers to pile into the market after February’s rate reduction tells the Reserve Bank it can cut again without triggering a housing boom, an economist says.
There is a third option for helping your kids buy a home
Parents considering helping their kids into the property market must weigh up the risks and problems of each method of assistance.
Housing woes are hurting our living standards
Australia’s big housing problem is contributing to our stagnating living standards and sluggish real incomes.
Wealthy buyers snap up housing lots at ‘scarce’ golf course project
The Hunter Valley is set for $1 billion luxury housing and golf development as Sydney-based developer Capital Corporation launches its Lovedale Farm project.
How to buy an Italian apartment for $40k
Want a second home in Europe, New Zealand or Asia? Australians are catching on to the notion of co-ownership of luxury holiday properties.
The prestige suburbs leading Sydney and Melbourne rebound
Affluent Sydney and Melbourne suburbs are posting solid rebounds in price after previously suffering the largest declines from their peaks.