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Sydney house prices

Yesterday

NSW Premier Chris Minns, with Treasurer Daniel Mookhey and Housing Minister Rose Jackson

NSW budget boosts build-to-rent housing and developer infrastructure

Treasurer Daniel Mookhey has suggested Tuesday’s NSW budget will boost housing. Here are two measures to start.

This Month

The nation’s preliminary clearance rate was 70.1 per cent, Cotality research revealed.

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.

The two-bedroom house with garage on 342 square metres at 10a Derbyshire Road in inner-western Sydney’s Leichhardt sold by private treaty for $1.25 million.

This inner-west Sydney home just fetched $1.25m. It won’t happen again

As borrowing costs head lower, buyer numbers will head up – and so will competition. That’s prompting purchasers to pull out the stops now.

May

The NSW government is on the hunt for sites closer to the CBD for housing.

6 Rosehill alternatives that could help fix Sydney’s housing crisis

Sydney Harbour’s last working port, the site of its 2000 Olympics, a park on the Bay Run and a ghost train platform in the east are slated for more homes.

Lisa Murray and Michael Read

Are house prices about to take off again?

This week on The Fin podcast, economics correspondent Michael Read on why the Reserve Bank is cutting rates and what it means for people like him trying to buy a house.

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This full-floor, three-bedroom apartment at 4/55A Prince Albert Road in lower north shore Sydney’s Mosman sold for $5.3 million.

$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.

The developer of the Sirius Building is reportedly on the brink of collapse due to Sirius apartments not selling.

Luxury developer behind Sirius rebuild overwhelmed by debts

Lenders are chasing millions from the builder behind the controversial Sydney redevelopment, where 20 apartments including the penthouse remain unsold.

Experts warn lower homeownership rates will make poverty among retirees worse in coming decades.

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

78 Kambala Road, Bellevue Hill.

Millennial fashionista buys $48.5m Bellevue Hill pad

She began by investing $200 in a fashion start-up with a university friend. Now, Meshki co-founder Natalie Khoei has just bought a $48.5m Bellevue Hill home.

The five-bedroom house on 638 square metres at 3 Ramsay Street in inner-eastern Sydney’s Haberfield sold at auction for $4.77 million.

Long settlement helps buyer spend $4.77m on home

Time is money in property and there’s a trick that upsizing buyers are playing that makes the vendor their financier.

House prices in every electorate in Melbourne fell since the last election.

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.

Peter Dutton and opposition housing spokesman Michael Sukkar on Tuesday.

Liberals want house prices to grow slower than wages

Peter Dutton declined to endorse comments from opposition housing spokesman Michael Sukkar on the campaign trail on Tuesday.

House prices jumped to records across several affordable suburbs in Sydney’s outer ring areas over the past three months.

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.

Average house prices surged 13.1 per cent a year in Howard’s 11 ½ years in power – far and away the biggest gain of any national leader in the past 35 years.

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.

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Prime Minister Anthony Albanese on the campaign trail with partner Jodie Haydon in Perth on Saturday.

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.

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.

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.

The five-bedroom house at Pulpit Point in Hunters Hill has raised the suburb’s record to $26.1 million.

‘Abandoned mansion’ sells for $26m, breaking suburb record

Retiring Sydney developer Oscar Gonzalez and his wife Maria have paid a suburb record of $26.1 million for an empty Hunters Hill mansion.

The pace of house price growth eased dramatically in Sydney as the number of new listings grew.

Home prices climb to record high

The February interest rate cut has revived confidence and boosted demand, despite only a small improvement in affordability.

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