This Month
Sydneysiders need $235,000 income for affordable housing: Jarden
Home buyers nationally need to earn an average of $161,000 to access an affordable home across the country according to a new report. In Sydney, it’s $235,000.
House prices hit a new high ahead of the election
House price growth is poised to gather steam next week and another interest rate cut this month, according to analysts.
April
Developer halves height of Gold Coast apartment tower
The move to cut the 40-storey tower to just 21 is the biggest example to date of the construction sector’s inability to meet the country’s housing needs.
The electorates where house prices rose (and fell) the most
One in 15 electorates jumped more than 30 per cent since May 2022, but values fell in 60 seats according to a new analysis.
The suburbs where house prices hit records
Expectations of deeper rate cuts along with demand-boosting Labor and Coalition housing policies could spark a sharp increase in prices this year, say analysts.
Gold Coast developers ‘right-sizing’ projects amid construction crunch
MRCB International is focusing on a high-end 20-storey project which it says will be easier to get off the ground at a time when builders are harder to find.
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.
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.
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.
Apartment prices in record jump to $19,000 per square metre
Australian housing is locked in a battle between affordability and viability of new projects and that means price tags have further to rise.
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
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.
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.
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.
Cyclone Alfred’s insurance storm batters sturdy $1.925m sale
Four hours before the scheduled auction of this Brisbane property, companies refused to extend home cover. But that didn’t put buyers off.
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.
Melbourne private lender spruiks funds despite gating redemptions
Banner Asset Management was the largest lender to the glitzy Chevron One development on the Gold Coast, and stopped allowing withdrawals more than a year ago.
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.
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.