This Month
Billionaire Lederer family go big in private credit as loans hit $200m
A decade after selling their Primo smallgoods empire to Brazil’s JBS, the family is building a new business and extending loans to property developers.
A cemetery and flood risk made this $2.2m home a bargain
Faced with hurdles that would turn many buyers off, an agent emphasised the strengths of a property – successfully.
Melbourne and Sydney auction markets heat up
The Victorian capital has recorded its seventh week in a row of its preliminary clearance rate holding above 70 per cent.
Developer Soheil Abedian sells $18.5m penthouse
Demand - and prices – are strong for existing luxury property at a time when building anew is much more expensive.
Metrics, Odus pair to develop $290m Gold Coast tower
Lower borrowing costs and more confidence about building costs is creating opportunities to tap the greater demand for housing, financier says.
May
$5.3m Mosman unit sold after talks as rate cut delivers patchy results
Property buyers are weighing up the benefit of lower borrowing costs versus global economic uncertainty – and reaching different answers.
What’s a balcony worth? In Sydney, apparently $360k
New data shows home buyers on the east coast are forking out eye-watering sums for a balcony. In Perth, not so much.
Brisbane buyers pay $19.2m for yet-to-be-built Gold Coast penthouse
The resort-style apartment that will be atop David Devine’s Royale tower has sold for a record price for a Surfers Paradise unit.
Three home sales worth $6.4m create settlement headache
Simultaneous property payments aren’t usually a problem. But when it comes to a triangular deal, with all parties selling to each other, they are.
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.