March
Why invest in a house when you can get a 5pc yield on a laundromat?
The exodus of investors from the housing market is fuelling demand for small commercial properties like laundromats offering higher returns and sticky tenants.
- Larry Schlesinger
House prices on the march as buyers get in before rate cuts
House prices are set for another strong rise this month as the busiest auction weekend of the year pointed to strong demand. But investors are getting out.
- Larry Schlesinger
‘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
Marrickville unit beats reserve by 22.5pc after luring in 20 bidders
The national clearance rate for auctions has firmed up to 72.8 per cent on preliminary numbers with buyer activity rising from population growth.
- Campbell Kwan
February
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
Auction clearance rate surges as ‘signs point in right direction’
Ray White boss Dan White says all the key factors that drive the housing market are finally pointing in the right direction as clearance rates hit 76 per cent.
- Larry Schlesinger
Auctions start 2024 with ‘an absolute cracker’ of a weekend for sales
The auction year is off to a strong start with almost three in four homes listed selling at the weekend, but experts say a wave of stock could temper the pace.
- Bonnie Campbell
January
Beachfront apartment sells for $6.35m at Gold Coast event
Every Gold Coast home that went under the hammer at Ray White’s annual The Event auction event received a bid.
- Campbell Kwan
December 2023
Man buys home for $2m more than guide, proposes on the spot
In a country obsessed with real estate, one Sydney buyer combined love and property with an $8.5 million auction offer and a ring.
- Bonnie Campbell
November 2023
Clearance rate dips but race still on to sell by year-end
Buyer’s agent David Morrell said sellers and buyers were still scrambling to get deals done due to concerns about low supply next year.
- Campbell Kwan
‘Pendulum swinging’ on housing market as clearance rates fall
BresicWhitney CEO Thomas McGlynn says with ‘fewer runaway results’ happening, it is unclear whether the market will end the year favouring buyers or sellers.
- Larry Schlesinger
A $3m Sydney apartment beats reserve as auctions defy rate rise
Clearance rates have held steady, despite swelling listings and last week’s Reserve Bank move. And buyers are paying more than expected to snare top properties.
- Nick Lenaghan
JPMorgan tower: Blackstone’s 32-level headache on Castlereagh Street
The building’s refi comes amid a reckoning in the commercial property sector as rising borrowing costs and the work-from-home trend crunch valuations.
- Sarah Thompson, Kanika Sood and Emma Rapaport
October 2023
‘A market in balance’: clearance rate holds steady 70.8 per cent
Auction clearance rates are lingering around 70 per cent in a sign buyers and sellers are aligning following months of vendor dominance.
- Bonnie Campbell
Melbourne home sells for nearly $1m more than asking price
Sydney’s auction success rate increased by 2.6 per cent as home buyers compete for a scarce number of properties.
- Campbell Kwan
Buyers beat reserves as spring selling picks up speed
Despite a bounce in auctions, buyer demand has held up. Bidders are beating reserves and prices are rising.
- Nick Lenaghan and Michael Bleby
‘The worst is behind us’: buyers step up amid finals fever
The auction clearance rate eased only moderately despite the distractions of AFL and NRL grand finals in the two biggest markets.
- Nick Lenaghan
September 2023
Rising volumes to cool growth despite $640k premium for Sydney house
The number of spring auctions is set to rise as preliminary clearance rates hold firm above 70 per cent, in a sign price growth could cool before the year’s end.
- Bonnie Campbell
Spring auction start yields stronger-than-expected demand
For an empty Northbridge block, bidding stalled at $5.75 million before it eventually sold for $7.7 million.
- Campbell Kwan
August 2023
‘Cashed-up’ Toorak buyers can’t find anything despite jump in auctions
Auction data shows preliminary clearance rates held above 70 per cent despite a big jump up in offerings. At the top end, a lack of listings is frustrating buyers.
- Larry Schlesinger
