Today
Regional housing markets outpace the capitals as rates rise
Home values in regional markets are rising faster than in the cities as higher interest rates hurt and migration away from built up areas escalates, CoreLogic says.
- Nila Sweeney
![The deceased estate home with shed on a site comprising three separate titles at 7 Churchill Street in the Ipswich,] Queensland suburb of Churchill sold at auction for $1,050,000.](http://web.archive.org./web/20240226084710/https://static.ffx.io/images/$zoom_0.2303%2C$multiply_3%2C$ratio_1.777778%2C$width_1059%2C$x_211%2C$y_70/t_crop_custom/c_scale%2Cw_140%2Cq_88%2Cf_auto/39b81c2d0643e507235e8a3548ef8011ec64854f)
First home buyers don’t get a look-in as investors swoop
Rate-sensitive aspiring home owners hoped to buy one of three lots put up for sale by one vendor, but they didn’t even get to bid.
- Michael Bleby
Yesterday
Unrenovated Sydney terrace beats reserve by $1.5m
A Paddington terrace sold for $9m on a weekend when auction clearance rates were weaker amid a surge in listings, indicating more properties on offer than buyers.
- Nila Sweeney
ANZ downgrades house price forecast for Sydney, Melbourne
Growth in the country’s biggest housing markets has slowed showing higher interest rates have hit harder than expected.
- Nila Sweeney
- Exclusive
- Luxury property
How Elwood’s record-breaking $17m house has links with van Gogh
The founder of immersive digital art exhibition juggernaut Grande Experiences, Bruce Peterson, and his wife Karyn are moving from nearby Brighton.
- Bonnie Campbell
This Month
$80m Boomerang bumps off top trophy as 2023’s most expensive home
Kerry Packer once broke a chair there and Paul Keating was among guests at one of Australia’s most glamorous and colourful trophy homes, which sold in a secret pre-Christmas deal.
- Bonnie Campbell
- Exclusive
- Luxury property
Point Piper family to sell $65m harbour-view mansion
Retail Apparel Group co-founder Stephen Leibowitz and his wife Pam have listed their Wolseley Road home of two decades before a Double Bay move.
- Bonnie Campbell
Even Sydney’s cheapest houses out of reach for first-home buyers
Aspiring house buyers in Sydney are now priced out even from the cheapest segment of the market after interest rates and home prices rose sharply last year, a new report shows.
- Nila Sweeney
‘I love Gold Coast property’: Clive Palmer on $28m beachfront buy
Billionaire mining magnate and former Gold Coast real estate agent Clive Palmer has reset the region’s residential record with a $28 million Mermaid Beach buy.
- Bonnie Campbell
- Exclusive
- Luxury property
Chinese star to sell $18m landmark apartment in Point Piper
A luxury apartment owned by a Chinese singer Tian Zhen has joined the prestige market with an $18 million guide.
- Bonnie Campbell
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
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
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
