Today
Four key Melbourne suburbs haven’t built a major project in five years
Developers are warning that overhauling planning powers alone won’t be enough to fix the state’s chronic housing crisis.
- 40 mins ago
- Gus McCubbing
- Exclusive
- Luxury property
Billionaire pharma boss buys into South Yarra
Pharmaceuticals boss Dennis Bastas has taken the keys to a sleek house in Melbourne’s east for $10.5 million.
- 47 mins ago
- Bonnie Campbell
Caledonia’s $9b bet on Zillow hits an activist short seller wall
The hedge fund backed by some of Sydney’s wealthiest families says the real estate portal’s share price could triple by next year. Others think it will halve.
- 1 hr ago
- Jemima Whyte
- Exclusive
- Luxury property
Melbourne print boss offers ‘hardly lived in’ $28m Point Piper pad
Printing heavyweight Wayne Sidwell lists his Point Piper pied-à-terre asking $28m, while the Penn family seek a strong return on their Double Bay investment
- Bonnie Campbell
Yesterday
How do you fix a massive lack of housing? Canada knows a few things
Toronto’s former chief planner says it took “cold hard cash” to get some cities to accept they would have to clear away restrictions to more development.
- Campbell Kwan
The four Perth suburbs delivering 25pc-plus returns for investors
While eight of the top 10 performing suburbs for house price growth in Perth lie across the city’s south, four have climbed more than 25 per cent in a year.
- Updated
- Tom Rabe
Rents rise 11pc in Victoria as investors flee: NAB
Victorian property investment declined last year while advertised rents increased by 11 per cent, according to new data from NAB.
- Gus McCubbing
Apartment values rising faster than houses in 50pc of all suburbs
Worsening affordability for houses, tight supply in the high density housing sector and increased first-home buyer demand could fuel upturn in the sector.
- Nila Sweeney
How living in an office could solve the housing crisis
Converting offices into homes can be an effective way of using underutilised space and creating more places to live. Not every building is suitable, though.
- Rosa Silverman
‘It’s OK to rent’, developer tells Canadians priced out of homes
With high rates of homeownership, renting in Canada has traditionally been a transitory state. As home prices and borrowing costs have jumped, that is changing.
- Ari Altstedter
Record-breaking house prices make early rate cuts ‘less likely’
Home values nationwide hit new peaks in March, boosted by strong gains in the more affordable markets, but rising prices could also delay rate cuts.
- Nila Sweeney
March
More homeowners cash out within three years as rates, prices rise
The number of homes bought and sold within three years rose again in the December quarter as owners cash out amid rising prices and higher interest rates.
- Nila Sweeney
Developers find easy targets among cash-strapped golf clubs
They take up swaths of land and face big bills to renovate and keep courses in order. Could surplus golfing greens help solve the housing shortage?
- Larry Schlesinger
Melbourne’s medium-density housing miracle
A 14-apartment development won local approval by mimicking the scale of a local church building. Can it be repeated elsewhere?
- Michael Bleby
Rate fears force home buyers to delay plans
But most are poised to buy within a year – once rates come down and inflation eases.
- Nila Sweeney
The most lucrative suburbs where every house sold delivered a profit
Profits from residential resales rose strongly in the December quarter, underscoring the improving profitability in the housing market.
- Nila Sweeney
Rich Lister’s Gold Coast project woos Sydneysiders at $17.5m a pop
The Mantaray is part of a fresh wave of luxury development on the Gold Coast, led by high-profile players and fuelled by cashed-up buyers, often from interstate.
- Nick Lenaghan and Larry Schlesinger
- Opinion
- Chanticleer
Why real estate agent John McGrath couldn’t crack the ASX
His brokerage broke the golden rule of IPOs – and paid for it ever since. It’s a reminder that for every success, dozens never quite crack the big time.
- Anthony Macdonald
What this $1.3m sale shows about the value of housing
The vendor of an old house on a six-lane highway made it stand out in a sea of properties going to market as development sites.
- Michael Bleby
McGrath backs buyout after ‘challenging ride’ on ASX
McGrath founder John McGrath concedes the company’s decision to go public has been tough and returning to private hands was the best outcome.
- Campbell Kwan
