Yesterday
Negative equity persists despite record price increases
Despite a record-breaking surge in Sydney’s home prices, tens of thousands of households still owe more than the value of their home.
- Nila Sweeney
‘Buyers are improving their offers by $100,000 or more overnight’
One Sydney agent says record-low rates are prompting buyers with job security to pay ‘next year’s prices’ to get in the market now.
- Michael Bleby
House in Sydney’s west sells for $1m above reserve
The five-bedroom property in Mount Vernon obliterated its price guide as other buyers snapped up homes offered for the first time in more than 50 years.
- Melissa Heagney
This Month
A ‘perfect storm’ smashes auction reserves
Four in five properties changed hands at auction over the past week, as buyers proved more than a match for a growing pool of listings.
- Nick Lenaghan
New home sales to get another HomeBuilder push
The home-building industry will get a second - and final - HomeBuilder bump this month, when new detached house sales figures are likely to show a rush of purchases.
- Michael Bleby
$5.8m in 6½ minutes: underquoting row on rundown home
The son of a former consumer watchdog was the agent on a dilapidated Melbourne house that sold for $1.7 million over the advertised price range.
- Updated
- Michael Bleby
Victoria to draw on $27b social housing stock to solve housing crisis
Victoria is looking to use its new $6 billion social housing project and $27 billion public housing asset base to fuel investment into more affordable housing.
- Tom Burton
Property intervention looms as Sydney market hits record high
Sydney is the latest city where residential property values have hit a record high, sparking speculation of regulatory intervention to cool the market.
- Martin Kelly
ACU puts $5.5m Mosman mansion on the market to save cash
The Australian Catholic University has ended its decades-long practice of housing the vice-chancellor in an official residence and put it up for sale.
- Lucy Macken
- Opinion
- Property development
From HomeBuilder to hangover: where will housing development land?
The perfect pandemic storm has resulted in surging demand for housing, and greenfield land developers are riding the wave. However, challenges lie ahead.
- Robert Harley
- Exclusive
- Property development
Migration crucial to drive new housing recovery: UDIA
While new housing lot sales doubled in 2020, thanks to the HomeBuilder grant, sustained demand will come only if international borders open to skilled migrants.
- Larry Schlesinger
Melbourne prices slump as Darwin, Adelaide race higher
Melbourne’s premium suburbs have languished since the onset of the pandemic, but home values in a number of Darwin and Adelaide suburbs raced ahead, as intense demand and low stock drove up prices.
- Nila Sweeney
The affordability problem is back – and harder to tackle
When Australia’s housing markets faced an affordability crisis three years ago, curbing investor loans was the way to go. This time, it’s not so simple.
- Michael Bleby
Apartment completions to slump to nine-year low
Just over 24,000 apartments are due to be completed nationally in 2022, the lowest number since 2013, according to forecasts from consultants Charter Keck Cramer.
- Larry Schlesinger
Virtual power plants energise apartment buildings
Advances in battery storage and solar technology, coupled with the desire of utilities to expand renewable power, mean the systems are fast becoming valuable tools for commercial and residential properties.
- Patrick Sisson
Melbourne CBD rents lower than 2011
Investors desperate to let inner-city Melbourne apartments have slashed rents to attract tenants as cuts to immigration and foreign students bite.
- Martin Kelly
Russell Staley sets Collaroy house record of $15m-plus
The oil and gas multimillionaire made the sale in Sydney’s Northern Beaches as work starts on his $21 million knock-down-and-rebuild project.
- Updated
- Lucy Macken
There are only two areas in Australia where women own more property
CoreLogic’s new report found the exceptions in Melbourne’s wealthy inner-south region and Sydney’s harbour-hugging eastern suburbs.
- Bianca Healey
Up to 15pc of frozen home loans to tip into arrears
The shake-out of problematic loans will become more visible in the second half of this year, ratings agency S&P Global says.
- Michael Bleby
Andrew Forrest’s daughter buys $1.8m Sydney penthouse
Actor Sophia Forrest, 26, baulked at the price of a Surry Hills terrace and has instead opted to move into the gentrified suburb of Waterloo.
- Updated
- Lucy Macken
