Yesterday
Metricon widow puts $5m luxury pad on market
Patricia Curtis-Kline, whose husband George founded what became Australia’s largest home-builder, is preparing to leave her adopted home.
- Michael Bleby
This Month
More households making ‘difficult’ decision to sell homes, RBA warns
Real estate agents say financial stress – and divorce – are prompting a surge in distressed listings, particularly in Victoria and parts of regional NSW.
- Michael Bleby
Buyer of $19m mansion delays – then loses deal to faster rival
Consumers are right to be cautious about newly built properties. But the thoroughness of one potential purchaser was unnecessary for another.
- Michael Bleby
Listings soar in Sydney and Melbourne as homeowners run down savings
Spring is the traditional selling season. But a flood of properties hitting the market is being driven by persistently high interest rates, economists warn.
- Michael Bleby and Joshua Peach
Why Melbourne’s housing market is primed to outperform all capitals
The city’s improved affordability means it could outperform its peers in the next recovery, experts say.
- Nila Sweeney
How to build housing on urban wasteland
An apartment building sandwiched between a road and railway line has set a new standard for what can be done with once-derelict sites.
- Michael Bleby
House prices under pressure as clearance rate dips to lowest this year
Just 63 per cent of homes sold under the hammer this past week, according to CoreLogic, while Domain recorded an even lower figure of 57 per cent.
- Larry Schlesinger
Toorak’s top 10: $500m of mansions on offer as listings surge
The three big Ds – death, divorce and downsizing – plus land tax bills are behind an unprecedented surge in mansions on the market in Melbourne’s Toorak.
- Larry Schlesinger and Bonnie Campbell
Sydney house prices fall for first time in almost two years
The slowdown has been a long time coming but strong demand – and lower possible borrowing costs – mean the decline will be shallow, CoreLogic says.
- Michael Bleby
October
Second biggest builder says Victoria will pull its FY25 starts down
Soaring demand and pricing in builder ABN Group’s home market of WA will keep pushing earnings higher, however.
- Michael Bleby
Sydney tipped for worst week of auction results since 2022
Asking prices for Sydney homes are expected to slump after experts tipped the city’s final weekly auction clearances to be at just 40 per cent.
- Campbell Kwan
- Exclusive
- Property development
Six weeks for a housing approval? This council guarantees it
There are many reasons housing projects can be delayed, but one Melbourne municipality is doing what it can to prevent them.
- Michael Bleby
How this young family got $200,000 off their dream home
Sharon and Chris Reay had struggled to sell their recently renovated home as prices declined, but that same market also let them buy in their dream locale.
- Campbell Kwan
Name and shame plan to speed housing approvals won’t work, states say
Victoria, Queensland, WA and SA have rejected the idea of publishing the housing approval records of local authorities.
- Michael Bleby, Tom Rabe and James Hall
- Exclusive
- Luxury property
Aged care mogul asking $55m for Toorak temple of opulence
Likened to the grand homes of Europe, the lavish property has hit the market in one of Melbourne’s most expensive listings of 2024.
- Bonnie Campbell
Lendlease signs Japanese partner for $500m build-to-rent tower
Lendlease is pairing Australia’s housing development demand with the investment needs of companies like Nippon Steel Kowa Real Estate to back its own turnaround.
- Michael Bleby
Why nobody’s biting in these buyers’ markets
Buying conditions have dramatically improved, but buyers are shunning markets that are oversupplied with investor units from the last boom.
- Nila Sweeney
Sydney leads housing market slowdown as clearances fall
Sustained higher interest rates, a softening economy and consumer confidence are starting to bite the country’s east-coast-dominated housing markets.
- Michael Bleby
September
How Marcus Chiminello became the go-to agent for Melbourne’s wealthy
Marshall White director Marcus Chiminello has broken many records in his career in luxury real estate, but there’s one goal he hasn’t achieved yet.
- Yolanda Redrup
Build-to-rent units to dominate this major city in three years
Build-to-rent apartments will overtake the supply of build-to-sell apartments in the next three years amid rising construction costs, according to Charter Keck Cramer.
- Nila Sweeney