Today
Rio angers both sexes; Zelensky ups stakes; Fewer Chinese house buyers
Read everything that’s happened in the news so far today.
- 15 mins ago
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.
- 55 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
How the Aussie dream is making the housing crisis worse
Pakistani migrant turned property developer Khurram Saeed says the Victorian government cannot rely on apartment construction to meet its ambitious housing targets.
- Gus McCubbing
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
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
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
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
- Exclusive
- Luxury property
Blumenthal sells $42.5m Sydney home to expat entrepreneurs
EverBlu Capital founder Adam Blumenthal and his wife have sold their Bellevue Hill mansion, capping a big week of sales in the blue chip suburb.
- Updated
- Bonnie Campbell
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
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
‘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
- Opinion
- Chanticleer
Westpac’s departing King sees two pain points for Australia
Peter King leaves having steered Westpac through an impressive turnaround. But he sees two problems Australia needs to solve.
- James Thomson
TikTok video sells $523,000 unit, avoiding fees for official listing
A social media walk-through gave potential buyers a real feel for this apartment, without the gloss – or cost to vendor – of advertising on a property portal.
- Michael Bleby
House prices under pressure as clearance rate dips to lowest this year
Just 63 per cent of homes sold under the hammer this past week, according to CoreLogic, while Domain recorded an even lower figure of 57 per cent.
- Larry Schlesinger
Sydney house prices fall for first time in almost two years
The slowdown has been a long time coming but strong demand – and lower possible borrowing costs – mean the decline will be shallow, CoreLogic says.
- Michael Bleby
October
Don’t blame HomeBuilder for inflation: economists
The Coalition and economists have rejected the pandemic inquiry’s criticisms of the $2.6 billion housing construction stimulus.
- John Kehoe and Michael Bleby
Ruslan Kogan bulks up in Toorak with double home deal
The Kogan.com founder has emerged as the buyer of two adjoining homes on St Georges Rd taking his tally of properties in Toorak to four.
- Larry Schlesinger
Allow people to ‘cash out’ of super above 8pc: Grattan
A debate about using superannuation for housing prompted the institute’s policy expert Brendan Coates to call for radical change.
- Lucy Dean