Today
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
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
‘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
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
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
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
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
- 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
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
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
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
‘Populist’ property tax changes won’t boost rental stock: experts
Higher charges for offshore buyers and a cut in application fees for build-to-rent projects aren’t the main measures Australia’s troubled rental market needs.
- Michael Bleby
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
- Exclusive
- Luxury property
‘Most exclusive’ highland estate to join prestige market
The former summer holiday retreat of 16 consecutive NSW governors, Hillview, has joined the prestige market for the first time in 24 years.
- Bonnie Campbell
