Latest
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
- Exclusive
- Rural property
Green Bank, global investors pile into $450m forestry and ag raising
The CEFC has put $75m into a new forestry and landscape fund that intends to generate a chunk of its return from carbon and renewable energy.
- Larry Schlesinger
Saudis put Western Australia’s largest grain operation up for sale
Spread across a swath of the wheat belt, marketing of the $200 million property caps a busy 12 months for major agriculture transactions in the state.
- Larry Schlesinger
In central London, a big bet on a return to the office
Developers expect a forecast jump in jobs in London’s financial heart will support demand for office space regardless of whether hybrid work remains the norm.
- Eshe Nelson
Stockland says it can develop 12 sites more profitably than Lendlease
The deal involving two of Australia’s largest property developers and investors boosts Stockland’s land bank and will help Lendlease focus on investment.
- 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
How it Sold
‘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
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
Luxury Property
The top London mansions that are struggling to sell
The city’s luxury housing market is usually insulated from property market headwinds, but high interest rates and high taxes are finally taking a toll.
- Damian Shepherd
- Exclusive
- Rural property
Costa family backs $120m raising for Riverina almond project
Agricultural investor goFARM has acquired 1800ha of irrigated holdings near Griffith, including the 700ha Stephendale vineyard, which will make way for almonds.
- Larry Schlesinger
This Month
‘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
Farmland returns fall below 1pc as rate rises, weak beef prices bite
Over the 12 months to September, prime farmland delivered a total return of just 0.2 per cent as income distributions fell and capital values slid backwards.
- Larry Schlesinger
The top London mansions that are struggling to sell
The city’s luxury housing market is usually insulated from property market headwinds, but high interest rates and high taxes are finally taking a toll.
- Damian Shepherd
- Exclusive
- Rural property
Costa family backs $120m raising for Riverina almond project
Agricultural investor goFARM has acquired 1800ha of irrigated holdings near Griffith, including the 700ha Stephendale vineyard, which will make way for almonds.
- Larry Schlesinger
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
Homebuilders worry about costlier kitchens after benchtop ban
Builders and materials suppliers say there’s no clarity on alternative products for the to-be-banned material, and no supply chain to meet demand, either.
- Michael Bleby
- Exclusive
- Luxury property
Former Allianz boss spends $15m on Woollahra pad
Former Asia-Pacific CEO of Allianz, George Sartorel, and his wife, Kathy, have purchased a designer Woollahra home in Sydney’s east.
- Bonnie Campbell
- Exclusive
- Luxury property
Brisbane record up for grabs as historic Queenslander hits market
The sprawling Queensland estate of financial services industry player Craig Offenhauser and wife Lorelle could eclipse Brisbane’s April record of $20.5 million.
- Bonnie Campbell
- Exclusive
- Luxury property
Royal Sydney: Rose Bay mansion hits market for $33m
Insurance industry boss Mark Senkevics and his wife, urban development big wig Kimberley Jackson, have listed their home fronting Royal Sydney Golf Club.
- Bonnie Campbell
Engineered stone ban must focus on silica levels: producers
The country’s largest supplier of the potentially lethal product is pushing for a solution that would allow its low-silica alternative.
- Michael Bleby
The $225,000 containers Silicon Valley is banking on to fix housing
In the US’ most expensive metropolitan area for housing, city streets are getting tiny homes made from repurposed shipping containers.
- Nadia Lopez
Lendlease mall investors finally get their money back
The $390 million sale of Cairns Central brings to a close a protracted effort by Lendlease to raise capital to meet redemption requests in its flagship shopping centre fund.
- Campbell Kwan and Nick Lenaghan
Big office landlords hungry for restaurants: steakhouse king
Seagrass Hospitality, which operates restaurants like Meat & Wine Co, is partnering with Dexus and Brookfield on new steakhouses in their office towers.
- Larry Schlesinger
Home builders will compete for business in 2024
Profit margins are already weakening for many of Australia’s home builders and greater competition will make that worse.
- Michael Bleby
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
Rich Lister Harry Triguboff books 9 per cent dip in profit
Mr Triguboff’s Meriton Properties’ bottom line profit fell 9 per cent to $290 million, as income apartment sales dipped and management costs rose.
- Campbell Kwan
Engineered stone ban leaves builders, customers in disarray
A ban on the artificial product was expected, but there was little detail on the immediate practical implications in a government agreement announced Wednesday.
- Michael Bleby
- Exclusive
- Property development
Victoria failing its housing target, property groups warn
Property groups will warn a Victorian housing summit on Thursday that the state government’s ambitious plan to build 80,000 new homes a year is not on track.
- Patrick Durkin
- Exclusive
- Luxury property
Virgin CEO Jayne Hrdlicka sells Melbourne mansion listed for $18m
The deal will bank a tidy windfall for the airline’s CEO, given she paid $13 million for the mansion in 2016.
- Bonnie Campbell
- Exclusive
- Commercial property finance
Sam Arnaout arrives at Hudson House, headquarters of the very rich
The billionaire publican has snapped up the offices once occupied by late television king Reg Grundy, signalling a changing of the guard among Sydney’s rich.
- Primrose Riordan and Campbell Kwan
