Today
Distressed listings to surge if interest rates stay on hold this year
The proportion of vendors desperate to offload properties jumped to 20 per cent in some mortgage belt areas as owners struggle to meet higher mortgage repayments.
- Nila Sweeney
Yoghurt king David Prior sells Toorak estate in $40m deal
The Toorak compound of yoghurt-boss-turned-whiskey entrepreneur David Prior has sold for $40 million – the highest price paid in Victoria this year.
- Bonnie Campbell
Trump brand a downer for New York apartment owners
The former US president’s company has long been synonymous with luxury real estate. But condominiums in towers emblazoned with his name have underperformed,
- Rukmini Callimachi
Yesterday
Interest rate cuts could increase housing prices by 5pc: McGrath
More homebuyers entering the market in hopes of cheaper loans and reduced immigration could lift prices, real estate agent John McGrath says.
- Campbell Kwan
The $2.9m sale that shows first home buyers are back
In one part of Sydney, the market has turned and higher-priced properties have become harder to sell while more affordable ones are booming again.
- Michael Bleby
This Month
Sydney home sells for $370k above guide as auctions take off
The national clearance rate for auctions hit 75.4 per cent on preliminary numbers with buyers buoyed by both the possibility interest rates have peaked and tax cuts slated for later in the year.
- Nick Lenaghan
Where landlords are amassing up to $56k extra rental income a year
The sharp decline in vacancies amid strong demand rewarded landlords with tens of thousands of extra rental income in the past 12 months.
- Nila Sweeney
Aware Super’s UK property firm fights $35m cladding bill
Build-to-rent developer Get Living will appeal a tribunal’s ruling, warning that the decision could deter investment in the sector.
- Hans van Leeuwen
Bushrangers and a beauty queen: historic Hunter Valley estate for sale
Considered one of the grandest country homes in NSW, Minimbah House has joined the rural prestige market with a $10 million price tag.
- Bonnie Campbell
South Yarra home of late fashion trailblazer David Bardas hits market
Late fashion industry leader David Bardas’ South Yarra home has hit the market, while a sleek arrival in Elwood takes aim at the Bayside suburb’s record.
- Bonnie Campbell
- Exclusive
- Luxury property
Ex-Supercars driver sells $17m slice of Gold Coast beachfront
Auto industry boss Paul Weel and his wife Emily have offloaded their Gold Coast beachfront for about $17 million following a move to New South Wales.
- Bonnie Campbell
NSW mulls levy on Airbnb rentals to fix housing crunch
Tourists could be hit with levies for Airbnb-style rentals to steer more homes towards residential leases as NSW considers hardening its approach.
- Luke Costin
Knight Frank cuts residential projects team as new builds market slows
The real estate agency struggled to launch projects as the pipeline for housing construction slowed to a decade low.
- Campbell Kwan and Samantha Hutchinson
The dominant force driving house prices higher
This pool of buyers will continue to dominate the housing market and push up prices until rates are cut, experts say.
- Nila Sweeney
- Exclusive
- Luxury property
Cliff Rosenberg’s $25.2m buy is latest Bellevue Hill secret deal
The former LinkedIn boss has taken the keys to a three-storey mansion, clocking a street record in the process, according to CoreLogic.
- Bonnie Campbell
‘Visionary’ property developer and Rich Lister Bob Rose dies at 83
Mr Rose founded development firm Rose Group, which made a name for itself as an innovative developer pioneering land remediation projects to create lifestyle communities.
- Bonnie Campbell
Sydney could become a ‘city with no grandchildren’
Adding just three storeys to apartments built in the past six years could have saved Sydney renters as much as $1800 a year.
- Samantha Hutchinson
- Analysis
- Negative gearing
Why Albanese can’t cave to the Greens on negative gearing
Ending one of the foundations of homeownership would be bad politics and weak policy.
- Aaron Patrick
Lower end of property market to lead revival
The volume of new home loans jumped in January and buyers of lower-priced properties may be the first to show signs of life.
- Michael Bleby
- Exclusive
- Luxury property
Castlecrag record on the line with $28m trophy home listing
Sydney’s lower north shore suburb Castlecrag could soon see a new price record, with the arrival of a four-storey harbourside mansion.
- Bonnie Campbell
