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House prices are set to keep rising as supply fails to arrive.

Why good intentions are no match for housing’s grim reality

Big house price gains in 2025 and 2026 look likely as Australia’s housing supply crisis gets worse.

  • James Thomson
Niddrie Central was bought by Fabcot, the property arm of Woolworths

Woolworths pays $51m for suburban mall in supermarket turf war

The supermarket giant’s property arm quietly snapped up the Niddrie Central mall in Melbourne’s north to maintain control of a key suburban site.

  • Larry Schlesinger

Nick Bolton’s new target is Australian Unity Office Property Fund

Fresh off scoring a win at Magellan Global Fund, the activist investor was among the buyers behind the office REIT’s heightened trading volumes this week.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

Mascot Towers sale set to proceed after threshold achieved

A minimum 75 per cent of unitholders in the Mascot Towers strata scheme have signed sales contract with purchaser Dowco Property Group.

  • Larry Schlesinger

Central Equity directors turn to small malls for better returns

The families behind apartment giant Central Equity are buying up regional malls and shops on suburban strips amid a revival in retail property demand.

  • Larry Schlesinger

Could this be the solution to housing affordability crunch?

Slashing block sizes could help improve housing affordability in the capital cities, according to Domain.

  • Nila Sweeney

How it Sold

This three-bedroom, one-bathroom Haberfield house sold for about $300,000 less than a similar but renovated home sold a week earlier.

Why this semi sold for $300,000 less than a similar home nearby

Is it a property with a flaw or some other compromise? Buyers are becoming choosier, as the vendor of one house in need of a renovation found out.

  • Michael Bleby
The single-level two-bedroom unit at 8/2 Lisson Grove, in inner-eastern Melbourne’s Hawthorn sold at auction for $835,000.

Pregnant first-home buyers pay $95,000 over reserve for 2-bed unit

A legal quirk reduced the competition for one young couple, who still fought hard for a ground-level unit they’ll move into – just before the birth of their child.

  • Michael Bleby

Luxury Property

The Bonython is full of lush tropical plants.

Singo sells famed Paddington complex for more than $30m

Annie Todd, the estranged wife of Atlassian billionaire Mike Cannon-Brookes, will take ownership of The Bonython office complex in Paddington.

  • Larry Schlesinger and Bonnie Campbell
The Point Piper home of Geoff Cousins and Darleen Bungey.

Three trophy home sales in Sydney’s east fetch $68m

Wealthy buyers are moving to lock down prestige offerings in a city that has just been ranked fourth globally for super-prime sales.

  • Bonnie Campbell
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Yesterday

The Bonython is full of lush tropical plants.

Singo sells famed Paddington complex for more than $30m

Annie Todd, the estranged wife of Atlassian billionaire Mike Cannon-Brookes, will take ownership of The Bonython office complex in Paddington.

  • Larry Schlesinger and Bonnie Campbell

This Month

The Ace Hotel in Surry Hills includes 264 rooms.

Sydney’s hipster Ace Hotel on the market for $300m

The hotel, developed by Melbourne’s Golden Age Group, opened its doors in May 2022, and this is the first major short-stay accommodation offering of the year

  • Larry Schlesinger
Simon Morris, left, and Chris Langford floated Newmark Property REIT in December 2021.

AFL legends brawl over Bunnings real estate

James Hird may have been the better player, but Chris Langford has won this contest.

  • Myriam Robin
Mirvac CEO Campbell Hanan speaking at the UDIA national congress on Wednesday in Melbourne.

We need land-less mortgages, Mirvac CEO Campbell Hanan says

Australia’s crippling housing affordability problem is shaking up postwar norms about ownership. It’s also prompting a rethink about financing.

  • Michael Bleby
The Point Piper home of Geoff Cousins and Darleen Bungey.

Three trophy home sales in Sydney’s east fetch $68m

Wealthy buyers are moving to lock down prestige offerings in a city that has just been ranked fourth globally for super-prime sales.

  • Bonnie Campbell
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 The overall picture painted from Westpac’s data  is of housing affordability being stretched towards breaking point.

The housing data that should make the RBA wary of cutting rates

Australia is a nation obsessed with house prices, and with 60 per cent of people planning to buy in the next five years, the central bank is unlikely to be immune from that.

  • James Thomson

‘Get in at the right time, you’ll outperform’: Steinberg exits Dexus

The chief executive is stepping down from one of the country’s biggest firms, bringing to a close two decades of high-profile commercial property leadership.

  • Robert Harley
49A Lawson Street has an open-plan living and dining space that looks out to a lawn, deck and pool.

How I bought this $3.1m designer home without being out of pocket

Munro Donen bought a three-bedroom home in Sydney’s east in a way that let him sell his old home for 5 per cent more while paying 5 per cent less simultaneously.

  • Campbell Kwan
Lendlease Australia CEO Dale Connor backs visas for construction workers.

Visas for tradies, planning reforms crucial to lifting housing supply

Developers have called for the fast-tracking of visas for skilled construction workers among a raft of measures needed to tackle the housing supply crisis

  • Larry Schlesinger and Michael Bleby
Another pause in rate rises could lure buyers back into the market,  according to experts.

Rate pause to lure home buyers back

An extended rate pause could lure home buyers back into the market, but it could fuel a rise in distressed sales.

  • Nila Sweeney

What the cash rate means for REITs

While further property write-downs may come in June, there may be little more beyond that as the outlook for interest rates turns favourable, says Citi.

  • Nick Lenaghan

Why the Paris Olympics will be a modest showcase of wood architecture

Every host city tries to use the Olympics to power a transformative project. Paris 2024 wants to make sustainability, not monumental construction, its legacy.

  • Feargus O'Sullivan and Jenny Che
Campus Living Villages group managing director John Schroder.

Big super ready to retake M&A test at Campus Living Villages

Sources said Campus owners, which last fronted bidders via UBS in 2016, are putting it back on the auction block after whipping it into shape.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Working from home is one of the key flexibilities that many employees now want.

Work from home: new status quo reveals a growing divide

The pandemic laid bare inequalities in the American economy. White-collar workers are often able to do their jobs at home, not so lower-income workers.

  • Ben Casselman, Emma Goldberg and Ella Koeze
Fewer new homes are being built even as the Australian population soars.

New housing supply to hit decade low

A new report forecasts housing supply to fall off a cliff over the next two years putting the government further behind its ambitious housing targets.

  • Larry Schlesinger and Michael Read
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Fixed-price contracts are not a problem as long as builders are able to hedge against material cost risks, the APB’s Russ Stephens says.

Even after COVID boom, builders want fixed-price contracts

An industry body backs the contracts but warns about risks if costs escalate, as a survey shows companies’ “grasp on construction financials remains inadequate”.

  • Michael Bleby

Cities face cutbacks as commercial real estate prices tumble

Losses from office towers are hitting more than investors. US cities are bearing the brunt too, as municipal budgets are crimped by falling property taxes.

  • Alan Rappeport
This three-bedroom, one-bathroom Haberfield house sold for about $300,000 less than a similar but renovated home sold a week earlier.

Why this semi sold for $300,000 less than a similar home nearby

Is it a property with a flaw or some other compromise? Buyers are becoming choosier, as the vendor of one house in need of a renovation found out.

  • Michael Bleby
The Toorak mansion formerly owned by Ron Walker: Nick Wakim reckons it’ll do, for now.

Walker mansion sale delayed by pool

The sale was due to settle last week. But it hasn’t because not even a $61 million compound is necessarily up to building codes.

  • Michael Bleby

‘Blown away’: deceased estate with water glimpses sells for $9.04m

The Castle Cove home on Sydney’s north shore sold on a weekend when the national preliminary clearance rate hit 74 per cent.

  • Bonnie Campbell