Yesterday
The suburbs where house vendors are amassing $1m profits
Vendors in Sydney’s sought-after suburbs reaped more than $1 million gross profits on average amid tight supply and strong demand according to CoreLogic.
- Nila Sweeney
This Month
Rising costs add burden to weak new home construction
The hunt for a replacement product to the engineered stone that has been a standard feature of newly built Australian homes is only adding to the challenge of rising costs.
- Michael Bleby
Where house prices are going in 2024, and the best time to buy or sell
Homebuyers could have a rare chance to snag a good deal in early 2024 across Sydney and Melbourne, but the opportunity won’t last, property experts say.
- Nila Sweeney
Hedge fund traders snap up some of London’s priciest mansions
High borrowing costs have failed to deter wealthy buyers, lured in part to London by the pound’s weakness and the search for a safe haven for their money.
- Damian Shepherd and Sarah Rappaport
- Exclusive
- Luxury property
Australia’s top 10 luxury property deals of 2023
Sydney’s eastern suburbs dominated this year’s list, which totalled more than half a billion dollars.
- Bonnie Campbell
$2b Mermaid Beach project joins Rich Lister’s super yacht hub
The approved development opposite Pacific Fair joins projects including pub baron Bruce Mathieson’s super yacht precinct at The Spit.
- Larry Schlesinger
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
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
