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Victoria residential property

This Month

Yours at an average $20,000 per square metre: Kokoda Property has received approval for its $1.5 billion Skyring Terrace project in Brisbane’s Teneriffe. 

New home approvals rise to six-month high

As two project approvals in Brisbane and Melbourne show, soaring materials and financing costs have made new projects unviable for all but the priciest homes. 

  • Michael Bleby

June

Who’s counting? Australia’s housing affordability picture is much worse when just house values are measured.

Housing not so ‘impossibly unaffordable’ after all

A recent global ranking of housing affordability only considered detached house prices in Australia. When including apartments, the picture changes. A lot.

  • Michael Bleby
Cadence boss Charlie Buxton: local bus activist.

Bus off! Charlie Buxton goes NIMBY for tennis court

No historic property is complete without renovations. Or, if necessary, attempts to redirect a bus route so it doesn’t go past one’s tennis court. 

  • Updated
  • Myriam Robin
Not just severely unaffordable but now ‘impossibly’ so: Sydney is the world’s second-least affordable city for housing, according to the latest Demographia report.

‘Impossibly unaffordable’ housing a social risk: report

The level of housing price relative to incomes poses an “existential” risk and demands a rethink of urban growth boundaries, a new global report says.

  • Michael Bleby
The $2.2 million retrofit meant a cost of about $150,000 per studio apartment.

How a $2m retrofit stacks up for investors

Two-thirds of Australia’s current buildings will still be standing by 2050, the target year for net zero emissions. Boosting their energy efficiency is crucial – and pays off.

  • Michael Bleby
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May

Rubbish agreement? The construction site of a home under Mahercorp’s 8Homes brand in Donnybrook in Melbourne’s outer northern suburbs. The company is disputing payment agreements made by CEO Steve Maher to creditors when Mahercorp was in administration last year.

Builder Mahercorp isn’t paying debts. Again

A home builder that came out of administration last year after securing support of creditors now says it won’t pay back part of what it promised.

  • Updated
  • Michael Bleby
Artist’s impression of Jinding’s 550 lot Broadstead housing estate in Kilmore.

Jinding’s funds management team strikes out on its own

The rebranded group will run as an alternative fund manager and continue to invest in Jinding’s $2 billion pipeline.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
The 37 largest community housing providers bid for funding to develop more than 26,000 social and housing units in developments such as this one in western Sydney’s Penrith.

$10b housing fund should be doubled, community providers say

The massive response to the federal government’s first tender to develop affordable and social rental housing shows more funding is needed, developers say.

  • Michael Bleby

April

The house that Jack sold: The renovated 46 Heyington Place property sold for $17.5 million. 

Two $17.5m house sales show top end strong as market softens

Buyer caution is growing as interest rates are expected to stay higher for longer, but that’s not worrying the top end.

  • Michael Bleby
Sam Curwood with sons Jack and Edward outside their new home in Brighton

The key to downsizing from a truffle farm to this $3.6m oasis

Sam Curwood has undergone a sea change where he swapped luxury farmland for a home closer to his boys’ school.

  • Campbell Kwan

Apartment values rising faster than houses in 50pc of all suburbs

Worsening affordability for houses, tight supply in the high density housing sector and increased first-home buyer demand could fuel upturn in the sector.

  • Nila Sweeney

March

Not a nimby in sight: Architect Andrew Maynard and developer Panos Miltiadou outside Slate House on Wednesday.

Melbourne’s medium-density housing miracle

A 14-apartment development won local approval by mimicking the scale of a local church building. Can it be repeated elsewhere?

  • Michael Bleby
The four-bedroom, two-bathroom house on 721 square metres at 65 Donald Road, Wheelers Hill in Melbourne’s southeastern suburbs sold before auction for $1.265 million.

What this $1.3m sale shows about the value of housing

The vendor of an old house on a six-lane highway made it stand out in a sea of properties going to market as development sites.

  • Michael Bleby
One investor claims fees such as council rates and land tax have increased more than tenfold in the past decade.

Investors are quitting Melbourne. Here’s where they are headed

Victoria has more than 16 property-related taxes compared to around three in other states and territories.

  • Duncan Hughes
The single-level two-bedroom unit at 8/2 Lisson Grove, in inner-eastern Melbourne’s Hawthorn sold at auction for $835,000.

Pregnant first-home buyers pay $95,000 over reserve for 2-bed unit

A legal quirk reduced the competition for one young couple, who still fought hard for a ground-level unit they’ll move into – just before the birth of their child.

  • Michael Bleby
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Rich Lister to sell South Yarra penthouse

Former Sonic Healthcare chairman Michael Boyd is offloading his luxury Melbourne bolthole, while Rokt co-founder Ben Voltz is selling his Toorak home ahead of Sydney move.

  • Bonnie Campbell
Contested land: The Fortis directors acquired the ocean-facing lot 106 of the former Tintagel farm estate and Mr Khuda’s company acquired lots 111 and 112 at an auction in June 2021 at which all eight lots sold for a collective $46m.

Fortis bosses fight to void $7.25m Portsea purchase

The unwinding of the post-pandemic boom market for holiday properties has triggered a stand-off between luxury Sydney developers and the vendor of a prime Victorian site.

  • Michael Bleby
The three-bedroom house at 26 Ginahgulla Road in Sydney’s Bellevue Hill sold for $1.6 million over reserve for $11,601,000.

‘Buyers are flighty at the moment’: Caution softens clearance rate

Bidders are competing for high-quality homes, but a lack of bids for lower-priced properties is pulling the national clearance rate lower.

  • Michael Bleby

February

The Real Institute of Victoria has urged the Labor to consider dropping stamp duty to promote investment and mobility in the state.

Victoria ‘overly reliant’ on stamp duty, industry warns

The Real Estate Institute of Victoria has urged the Allan government to cut stamp duty and consider introducing tax incentives for long-term rental properties.

  • Gus McCubbing
The Sunny Meadows farm with two houses set on 316.79 acres/128.20 hectares at 86-88 Killara Road and the adjacent Coldstream Aerodrome, set on 57 acres / 23.07 hectares at 96 Killara Road in the Yarra Valley town of Coldstream, are up for sale with guide prices of $19.5 million and $7 million respectively.

How much would you pay for a Yarra Valley farm with airstrip?

After nearly 100 years, the family owners are putting up for sale a large holding in the cool-climate wine and tourism region outside Melbourne.

  • Michael Bleby

Original URL: https://www.afr.com/topic/victoria-residential-property-hw2