Yesterday
A seller’s market with few sellers
Soaring house prices should be more than enough to entice vendors to sell, but oddly, it seems to only make them hold off for longer.
- Nila Sweeney
Former UBS banker buys $9m house next door for Sydney compound
David Di Pilla, who is chairman of ASX-listed property investment group Home Consortium, has purchased his neighbour’s property in Bellevue Hill.
- Lucy Macken
This Month
Garbo Ian Malouf buys penthouse for record $60m
The Dial-a-Dump founder has purchased the ‘sky mansion’ atop Sydney’s ANZ Tower in Australia’s priciest residential sale this year.
- Lucy Macken
How to stop a property seller from tricking you into paying more
Just because you’ve signed the paperwork doesn’t mean the deal is sealed.
- Duncan Hughes
Victoria’s investors sell up as rental standards rise
Rising prices and cheap credit are attracting new investors to residential property, but agents warn many existing landlords are selling out.
- Michael Bleby
Cbus Property wins buyers at Randwick
Cbus Property, well-known for its office tower projects, is also a busy developer of upmarket residential projects.
- Nick Lenaghan
Sydney’s South Turramurra jumps 20pc in three months
Wealthy Sydneysiders snapped up available listings on the upper north shore and northern beaches, fuelling up to 20 per cent growth in house values in just three months.
- Nila Sweeney
Daughter of RP Data founder invests in Bogut-backed proptech
Michelle Catelan, whose late father founded RP Data (now CoreLogic), was the lead investor in a $3 million funding round at ListingLoop.
- Larry Schlesinger
Worst is over for CBD apartment landlords as vacancies fall
Vacant rental listings have fallen sharply in the Sydney and Melbourne CBDs as more landlords sell up to cut their losses, even as people move back in to take advantage of cheaper rents.
- Nila Sweeney
David and Skye Leckie almost double their money with $17m sale
The renowned former television boss and his charity-queen wife bought the 465-square-metre Sydney property as a downsizer in late 2016 for $9 million.
- Lucy Macken
Housing construction to stay strong even as approvals point lower
A weakening of detached house approvals in Australia’s turning home-building cycle isn’t bad news for builders.
- Michael Bleby and Michael Read
House prices ride higher as listings fall
Capital city prices are now on average 7.8 per cent above their previous record high set in September 2017
- Nila Sweeney
Has De Ferrari sold Sydney home for twice what he paid?
The departing AMP boss sold the mansion in Sydney’s Woolahra for about $13 million after buying it for $7.5 million a year ago.
- Lucy Macken
May
Millennials are a time bomb for the NSW property market
An exodus of Millennials from their parents’ homes midway through this decade is going to trigger large housing shortages, the NSW government warns.
- Aaron Patrick
Ingenia backs downsizing loans for older, single women
Women over 55 are the fast-growing group of homeless people and many just need a small bridging finance gap to help them buy secure home.
- Michael Bleby
Toorak buyer offers $13m sight unseen for corner block
It took just five days to sell an off-market property in a top-end market where the wealthy are wealthier than ever – and don’t want to miss out.
- Michael Bleby
Maroubra house sells for $950,000 above its price guide
Half a dozen buyers registered to bid on the six-bedroom home in the south Sydney beachside suburb, which eventually sold for $6.45 million.
- Tawar Razaghi
Melbourne auction fever holds up despite lockdown
Highlighting the pent-up demand for housing, almost half of the 785 successful Melbourne auctions recorded by CoreLogic were homes that sold before auction.
- Larry Schlesinger
The dire shortage of a product you don’t know of and will never see
Waffle pods are a basic polystyrene block. They’re a crucial part of house building and there’s a real shortage of them right now.
- Michael Bleby
A flipper just made $1.7m in six months on this house
A company solely owned by the daughter of late haircare tycoon Vincent De Lorenzo sold the four-bedroom home in Sydney’s Centennial Park for $8.2 million.
- Updated
- Lucy Macken
