Latest
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.
- 2 mins ago
- Nila Sweeney
Super funds housing investment ‘not a subsidy’, IFM says
“When we invest in Australian companies that create jobs for Australians, no one says ’What are you doing investing in job-creating companies?” giant fund manager says.
- 30 mins ago
- Michael Bleby
- Opinion
- Chanticleer
Billionaire Greg Goodman not scared to give the market what it wants
On M&A Monday, the deal that caught our eye was Goodman’s decision to set a listed fund free and try to make money as a shareholder.
- 1 hr ago
- Anthony Macdonald
Australia needs $115b to fund new housing, Qualitas says
The pick-up in private funding puts pressure on the federal government to clarify rules around inclusion of affordable rental housing in new developments.
- Michael Bleby
Office values plunge as CBD market bottoms
Major CBD office towers are selling at 20 per cent discounts to their peak value, the best evidence yet that the correction in Australia’s office market is nearing the bottom.
- Nick Lenaghan
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
How it Sold
![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 $1,050,000.](http://web.archive.org./web/20240226054040im_/https://static.ffx.io/images/$zoom_0.1418%2C$multiply_4%2C$ratio_1.5%2C$width_756%2C$x_0%2C$y_51/t_crop_custom/c_scale%2Cw_440%2Cq_52%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
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
Luxury Property
- 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
$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
More From Today
![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 $1,050,000.](http://web.archive.org./web/20240226054040/https://static.ffx.io/images/$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
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
Lendlease’s epic slide started more than a quarter-century ago
After many false starts, the once-venerable property group’s latest chief faces an uphill task convincing investors he can turn around the troubled business.
- Michael Bleby
$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
Lifestyle Communities to raise $275m for ‘land lease’ model
An emerging housing option, land lease communities are typically aimed at budget retirees. Residents buy a pre-fabricated home from the housing estate operator then pay a ground rent for their site.
- Nick Lenaghan
It’s too expensive to build ski lodges in Japan’s powder paradise
Prospects for developers to generate large profits at famed Japanese ski destination Niseko are dwindling as speculation from foreign investors sends land prices soaring.
- Lisa Du
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
Back to office mandates a boon for battered sector: Charter Hall
Fund managers and landlords such as Charter Hall are set to benefit from companies compelling more workers to come into the office more often.
- Nick Lenaghan
High-yielding commercial properties better bet than housing
Girish Ramkrishnani acquired two commercial properties in regional SA on yields of more than 6 per cent. He intends to sell down his Melbourne residential investments.
- Larry Schlesinger
‘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
Westfield owner Scentre beats guidance with 5.4pc lift in payout
Scentre’s leasing spreads, the difference in rents between old and new agreements, is expected to remain positive even as consumer spending slows.
- Campbell Kwan
New sales inquiries up 20pc as rate expectations stabilise: Stockland
The developer and landlord has kept its earnings outlook unchanged even as residential earnings slumped in the six months to December.
- Michael Bleby
- Exclusive
- Build-to-rent
BTR operator Local closes $650m fund for two buildings
As private investors pull back, institutions are stepping in to develop build-to-rent housing.
- Michael Bleby
Lendlease tax dispute exposes Aware Super
Superannuation fund Aware is set to become entangled in Lendlease’s $260 million dispute with the Tax Office over a portfolio of retirement village assets.
- John Kehoe
Fund manager Centuria’s move into alternate assets pays off
The diversification strategy had been vindicated by the market disruption caused by recent global events including the pandemic, according to joint CEO John McBain.
- Nick Lenaghan
Ingenia settlement revenue jumps as home-building constraints ease
The developer of affordable housing for downsizing over-55s could not avoid higher building costs, which have narrowed its new-home profit margin.
- Michael Bleby
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
