Today
Home sellers log record $306,000 average gross profit
Home sellers racked up record profits in the December quarter, but apartments delivered losses for many owners in Melbourne and Sydney.
Yesterday
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.
‘You’ll never know your grandkids’: Banking’s wicked housing problem
Veteran analyst Jon Mott says property’s intergenerational affordability crisis comes from policy choices over four decades. Can bankers shift the dial?
This Month
Californian cannabis king lists $24m private Fijian island
There’s an opening in Fiji’s coveted private island market, with the listing of Vawa by American entrepreneur Barry Walker.
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.
$13m Byron Bay estate sells (at a discount) to make suburb record
Wellness warriors James and Chrissy Duigan have sold their luxury Newrybar retreat, after slashing the price by about $7 million.
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.
Changes to building codes urged as extreme weather hits more often
Homes in south-east Queensland have been built to withstand bushfires, floods and severe storms, but are less robust when it comes to cyclones.
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.
Want to play the housing rebound? Here’s how
What’s the best way in to a residential real estate recovery? Debt or equity, listed or unlisted, build-to-rent, student housing, or land lease?
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.
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.
Tricky reno, small block sells for $100,000 over expectations
The higher than expected price shows buyers are less squeamish about construction than they were.
Melbourne’s housing values snap 10-month decline
Melbourne and Hobart lead the abrupt recovery, while Perth, Adelaide and Brisbane slowed sharply.
Sydney two-bedroom house beats reserve by $725k as demand rises
Preliminary clearance rates held above the 70 per cent mark across Sydney and Melbourne amid signs demand is steadily returning after the rate cut.
February
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.
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.
NSW land values just hit $3trn. Why the record high is ‘not healthy’
Valuer general Sally Dale is not cheering the ‘unprecedented’ surge, acknowledging the added strain on home buyers.
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.
Two-bedder sells for $255k over reserve as rate cut spurs auction buzz
Agents say more buyers are already coming into the housing market because of the Reserve Bank’s first interest rate reduction in more than four years.