This Month
Paved with gold: Australia’s most expensive streets revealed
New data shows Bellevue Hill in Sydney’s inner east is home to some of the most expensive streets in the country. Melbourne has just one in the top 10.
Brisbane’s median house price tops $1m
The Queensland capital has joined houses in Sydney and Canberra in the seven-digit club. Higher prices are driving housing investment, but not enough, economists say.
November
Investor pays $1.3m for a property he owned 23 years ago
The tale of one house – two purchases and the two decades in between – sums up the state of Australia’s current housing market.
Brisbane ‘good value’, as $1.7m from auction goes to animal charity
The spring homes selling season is having a weaker end than expected as buyers confidence drops slightly due to interest rate cuts looking less likely.
Australia needs 1.9m new homes now to make housing affordable: HIA
The requirement of an additional 16 per cent of existing residential stock shows the huge challenge facing the country to boost affordability.
Sydneysider buys unliveable holiday home on a whim for $766,000
The out-of-towner hadn’t intended to buy, but when he walked past a Lake Macquarie property up for auction he easily outbid three hopeful first home buyers.
Spring auction levels swell despite rates pause
The auction clearance rate was nearly 72 per cent, even as listings hit the second-highest volume this year. It’s a sellers’ market even with rates on hold.
Walker Group posts narrow loss as recovery kicks in
The property empire founded by Lang Walker, who passed away last year, has interests ranging from CBD office towers to housing estates and a Fijian resort.
October
Triguboff takes a $1m haircut on Gold Coast apartment
Not even the country’s second-richest person is immune to the effect of borrowing costs in Australia’s residential market.
August
Sydney home sells for almost $300k above reserve as spring comes early
More properties are coming on the market, but with volumes still lower than a year ago buyers with more to spend are increasingly competing.
Auction clearances rate leaps to 75pc as RBA cut boosts confidence
Homes sold under the hammer around all the capital cities as the market responded positively to lower borrowing costs.
Churches could develop ‘tens of thousands’ of homes on their land
Land ownership figures, which likely understate the total area owned by religious groups, show plenty of room for housing.
Why this house got $25,000 more than the one next door
Three similar properties in a row went up for sale in the same week. That created a challenge, and an opportunity, for one owner.
July
Increasingly confident buyers push clearance rate to 12-month high
Expectations of lower borrowing costs next month and improving affordability – particularly in Melbourne – are driving the upturn.
Rate cut drives $1.8m sale in a ‘great-ish’ area
A developer bought this site with good potential. But they were chased up the price range by an eager owner-occupier.
Sydney, Melbourne house prices diverge as rates reshape market
The country’s two largest cities suffered during the first half of the year, but a pick-up since rates started easing has them both on a growth path.
June
Rate cuts push auction clearance rate to near 1-year high
Falling borrowing costs and fewer homes coming to market have boosted the auction clearance rate across Australia’s three largest cities.
Why this modern suburban home has an outdoor dunny
Most houses in this city-fringe suburb used to have backyard toilets. Modern plumbing has changed that, but this couple had their own reasons to rebuild one.
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.
May
‘A wow result’: The $1.4m ‘gamble’ on a rising market
Developers are usually cold bidders, basing their limit on what they can get for a site. But this buyer showed more hope than almost 40 rivals who bowed out.