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Property market

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House prices tumble even faster than during the GFC, as RBA's concerns grow over jobs market

House prices tumble even faster than during the GFC, as RBA's concerns grow over jobs market

The total value of residential dwellings across the country dropped by $133 billion in the quarter to reach $6.7 trillion.

  • by Shane Wright

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How older Australians captured a growing share of the nation's wealth
Property market

How older Australians captured a growing share of the nation's wealth

More than two thirds of the $2.3 trillion in household wealth generated in Australia in the first half of this decade went to those aged 55 or older.

  • by Conal Hanna
A town of cyclones, iron ore and wild property prices
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Property market

A town of cyclones, iron ore and wild property prices

In 2014, the median house price here was $820,000 - $30,000 higher than Sydney's. Today, it's closer to $340,000.

  • by Shane Wright
Where do you find the world's super rich? Not in Sydney or Melbourne
Rich families

Where do you find the world's super rich? Not in Sydney or Melbourne

Australia's biggest cities have dramatically fallen off the top of metropolises that attract the planet's uber wealthy.

  • by Ben Stupples, Frederik Balfour and Carolyn Cummins
House price falls could feed into the wider economy: Lowe
Philip Lowe

House price falls could feed into the wider economy: Lowe

The RBA governor said a surge in population and a lack of new dwellings were the main factors behind the sharp run-up in house prices in Sydney and Melbourne.

  • by Shane Wright and Clancy Yeates
Land values increase across Queensland despite drought
Property market

Land values increase across Queensland despite drought

More than a million Queensland properties have been revalued, with sixteen out of eighteen local government areas recording strong increases in land value.

  • by Lucy Stone
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Sydney and Melbourne house values fall back to 2016 levels

Sydney and Melbourne house values fall back to 2016 levels

There are signs the fall in house prices is spreading as values in capital cities retreat to 2016 levels.

  • by Shane Wright
'Shifting the power': Labor vows to abolish no grounds eviction
Renting

'Shifting the power': Labor vows to abolish no grounds eviction

A residential tenancy law review last year concluded the laws around "no grounds" evictions should not change.

  • by Esther Han
'Illegal hotels at the expense of precious housing': The truth about Airbnb in Sydney
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Property investment

'Illegal hotels at the expense of precious housing': The truth about Airbnb in Sydney

The who, what and where of Airbnb in Sydney.

  • by Nigel Gladstone, Matt Bungard and Rachel Clun
Westpac tips two interest rate cuts this year as economy slows
Property development

Westpac tips two interest rate cuts this year as economy slows

The bank also revised down its GDP growth forecasts for 2019 and 2020 and expects the unemployment rate to start rising in the second half of this year.

  • by Matt Wade
'I'll buy cheaper': Australia's property king is exploiting the slump
Property market

'I'll buy cheaper': Australia's property king is exploiting the slump

Harry Triguboff is remarkably calm about the nation's worst real estate slump in a generation, considering he's got more at stake than perhaps anyone on the planet.

  • by Andrew Heathcote