Today
Housing market confidence follows financial markets down
Auction clearances took a dip across all capital cities as auction volumes surged. Economists are seeing parallels with 2008.
3 charts that show why housing is a key battleground for PMs
Residential property values have surged almost five times as much under Coalition governments than Labor ones over the past 35 years. Here are the reasons.
Yesterday
Albanese offers first home buyers 5pc deposits, fuelling demand
The new policy is a dramatic expansion of the government’s first home guarantee scheme as Labor seeks to grab voters’ attention on the issue of housing.
This Month
Cosmetic king takes parting shot at Mosman as he sells pad for $14.6m
Laser Clinics co-founder Babak Moini sold his home in Sydney’s lower-north shore after almost a year-long campaign, opting to return to his Barangaroo apartment.
Market chaos threatens housing recovery: analysts
The nascent house price recovery could stall in the next few months. But interest rate cuts may spark a fresh rally.
Melbourne’s auction clearance rate hits nine-month high
The housing market seems to be defying the gloom and fear that has taken over sharemarkets in the past week, say agents and analysts.
Billionaire furniture mogul’s $12m hinterland retreat smashes record
Rich Lister and founder of Super Amart John Van Lieshout has sold his luxury Sunshine Coast escape, almost doubling the local record.
Former Dexus executive sells $23m Sydney mansion
One of Darling Point’s most beautiful homes, landmark mansion Kardinia, has sold in an off-market deal.
The suburbs where house prices are rising (and falling) the most
House prices are climbing across more suburbs in Sydney and Melbourne as the recovery gathers steam.
Build-to-rent developers eye fewer amenities but cheaper rents
Projects without all the “bells and whistles” can achieve higher retention rates for landlords.
Home prices climb to record high
The February interest rate cut has revived confidence and boosted demand, despite only a small improvement in affordability.
March
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.
Dutton’s migration cuts are ‘not a game changer’
The opposition leader is conflating temporary and permanent migrants to criticise Labor’s immigration track record and his cuts won’t free up housing, experts say.
Housing market recovery gathers steam
With a helpful kick from the Reserve Bank’s first interest rate cut, Sydney and Melbourne house prices are climbing once again after modest recent declines.
Sydney’s $40m-plus trophy deals defy pre-election trend
A string of top-end home sales in the eastern suburbs flies in the face of the usual market lull before polling day.
These two issues should frame the election. Don’t hold your breath
Tension between Australia’s cost-of-living crisis and our record household wealth lies at the heart of this federal poll. Real, long-term thinking is needed.
Inflation data brings two rays of housing crisis hope
Wednesday’s inflation data strengthened the case for another rate cut and contained another slice of good news on housing.
Melbourne’s Southbank to get $1.5b high-rise with nearly 500 apartments
Developer PDG has moved swiftly to formulate plans after picking up a prized site on Melbourne’s Southbank from US giant Blackstone, the owner of Crown Resorts.
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.