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Property prices

Today

More buyers relying on the Bank of Mum and Dad means bigger scope for family feuds.

Seven ways to help your kids buy property without family fallouts

Generous parents are unwittingly creating a minefield of legal, tax and financial problems that could not only jeopardise their own futures but cause rifts.

  • Duncan Hughes

House sellers pocket $300,000 gross profits as prices rise

The sharp increase in prices in the September quarter delivered a windfall for many vendors, but profits are expected to weaken next year as prices are predicted to fall.

  • Nila Sweeney

This Month

The four-bedroom, two-bathroom, one-car park house on 356 square metres at 28 Lennox Street in Sydney’s Bellevue Hill sold after auction for $7.3 million.

‘Psychology and hand-holding’ get $7.3m sale over the line

A downsizer selling his home of 32 years had his concerns about how it should play out – and so did his children.

  • Michael Bleby

Sydney’s auction clearance rate falls to lowest this year

Sydney’s weaker clearance rate coincided with a sharp slowdown in home values which gathered pace in the past four weeks.

  • Nila Sweeney

Undersupply of new homes to trigger next boom, but not yet

The supply shortage is unlikely to spur strong price growth over the near to medium term, but it could underpin a future rebound, experts say.

  • Nila Sweeney
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The suburbs where houses gained $1m in 12 months

Premium suburbs led the biggest gains in house prices growth by value, while the affordable suburbs posted a faster rate of increases.

  • Nila Sweeney

Six maps that show where you can buy a home on your income

An increasingly expensive property market is outpacing single buyers. This is what that looks like.

  • Lucy Dean and Les Hewitt

The suburbs where house prices are up more than 5pc

Which suburbs are defying the slowdown in house prices across Sydney and Melbourne?

  • Nila Sweeney
While talking up limiting overseas arrivals, Labor has largely maintained a demand-driven temporary skilled worker program.

No populist overreaction against immigration

While talking up limiting overseas arrivals, Labor has largely maintained a demand-driven temporary skilled worker program.

  • The AFR View
Total listings jumped higher than a year ago across six out of 10 Sydney suburbs according to CoreLogic.

House price growth to soften as listings rise faster than demand

Market conditions are now in favour of buyers as higher stock levels provide more choice, less urgency and greater opportunities to negotiate.

  • Nila Sweeney
The offering: A single-fronted brick-and-concrete bungalow under the Kingsford Smith Airport flight path.

House smack bang under flight path sells for $50,000 over reserve

You know demand is strong when purchasers overlook downsides in a property. Flaws don’t get louder than this – but that didn’t deter first home buyers.

  • Michael Bleby
Going for reserve prices: Unit 7 sold for $1.3 million, unit 11 for $1.15 million and unit 12 for $1.1 million in the strata block at 39 Grasmere Road in Sydney’s north shore suburb of Cremorne. 

Three Sydney apartments sell at their reserves as auctions falter

Even with interest rates likely to stay on hold, a third of homes failed to sell last week, and agents say vendors need to meet the market.

  • Michael Bleby
Redcliffe Beach is about 20 minutes away.

It’s hard to retire in Queensland when prices rise by $10,000 a week

Margaret Seach bought a three-bedroom villa in the Moreton Bay region after struggling for months to find a home.

  • Campbell Kwan
The four-bedroom townhouse at 1/11 Austin Street in south-eastern Melbourne’s Hughesdale sold at auction for $1.485 million.

House sells for $235,000 more than expected after tenants removed

Agents say it is better to market an empty house, but owners don’t want to give up rental income – and renters don’t want to leave, either.

  • Michael Bleby

FOMO returns amid high migration and supply shortage

The potential to make strong capital gains due to lack of supply and swelling demand is fuelling fear of missing out among investors.

  • Nila Sweeney
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Sydney house prices headed towards a double-dip downturn

Sydney’s housing market slowed faster than expected in November.

  • Nila Sweeney

November

House prices could push higher as demand increases from several quarters.

Four ways the housing crunch gets worse and prices rise in 2024

The big trends likely to emerge in housing in 2024 will increase demand but do little for supply. That’s likely to keep upwards pressure on pricing.

  • Updated
  • James Thomson

House prices set for a bumpy ride in 2024 but upswing still possible

Worsening affordability, rising unemployment and high inflation could weaken house prices next year, but a rate cut would reignite buying, Domain says.

  • Nila Sweeney
One third of beneficiaries of family assistance receive loan guarantees – the rest cash loans and gifts, Jarden found. Interest rate hikes have made housing, already expensive, more unaffordable.

How much money are parents lending kids to buy houses now? Take a look

Jarden economists, having surveyed 282 mortgage brokers, estimate 15 per cent of borrowers tapped their parents for financial assistance in the past 12 months.

  • Hannah Wootton

Melbourne house prices on track to fall this month, Sydney close behind

A buyer’s market is emerging across both capitals with the latest interest rate rise dubbed ‘the straw that broke the camel’s back’.

  • Nila Sweeney