Latest
- Exclusive
- Property development
The big plan to stop the Sydney exodus
The Minns government will push its zoning reforms, with or without councils’ blessing, as over 70,000 Sydney workers have left for more affordable pastures.
- Campbell Kwan
The one tip PEXA’s boss got about property investing
The former Geelong schoolboy says flexibility is crucial as he insulates the monopoly digital property exchange from the threat of greater competition.
- Michael Bleby
- Exclusive
- Build-to-rent
Japanese forestry giant to partner on $1.2b build-to-rent portfolio
Cedar Pacific and Sumitomo Forestry will join forces on a $1.2 billion portfolio of build-to-rent towers that will use plenty of timber in their construction.
- Larry Schlesinger
Scentre shareholders deliver first strike against CEO’s $5.5m pay
Despite delivering distributions ahead of expectations over the 2023 year, the Westfield owner’s remuneration report has suffered a protest by shareholders.
- Nick Lenaghan
Home approvals must lift by 80,000 a year to hit target: Oxford
An entrenched shortfall in supply is putting further pressure on record rents and home prices.
- Updated
- Campbell Kwan and Nick Lenaghan
Victoria has been targeting the same suburbs for 40 years
Nearly half of the Victorian government’s 10 suburbs slated for increased density have been targeted in multiple similar plans as far back as 1981.
- Gus McCubbing
How it Sold
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
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
Luxury Property
Rupert Murdoch relists NYC penthouse at lower price
The triplex in New York’s Flatiron district is priced at $58.5 million, almost 38 per cent lower than when it was first put up for sale in 2022.
- James Tarmy
- Exclusive
- Luxury property
Billionaire Smorgon family to sell family farm Benwerrin
The Toorak-based Smorgons have listed a long-held family farm complete with five-bedroom luxury residence.
- Bonnie Campbell
More From Today
Rupert Murdoch relists NYC penthouse at lower price
The triplex in New York’s Flatiron district is priced at $58.5 million, almost 38 per cent lower than when it was first put up for sale in 2022.
- James Tarmy
Yesterday
- Exclusive
- Luxury property
Billionaire Smorgon family to sell family farm Benwerrin
The Toorak-based Smorgons have listed a long-held family farm complete with five-bedroom luxury residence.
- Bonnie Campbell
- Exclusive
- Luxury property
Wallabies great snaps up rural retreat in impulse buy
The former Wallabies captain and his wife, Julie, have emerged as the buyers of a luxury rural retreat in the NSW Central West town of Orange.
- Bonnie Campbell
- Exclusive
- Luxury property
Eastern suburbs’ elite sell their trophy mansions
Investors Mutual CEO Damon Hambly and wife Philippa Haydon have listed their Bellevue Hill home for $23 million, while Sue Ingham is downsizing in Darling Point.
- Bonnie Campbell
This Month
The key to downsizing from a truffle farm to this $3.6m oasis
Sam Curwood has undergone a sea change where he swapped luxury farmland for a home closer to his boys’ school.
- Campbell Kwan
The relentless rise of Australian house prices
This week on The Fin podcast, Nick Lenaghan and James Thomson talk about Australia’s housing haves and have-nots and the dilemma this divide poses for the Reserve Bank.
- Opinion
- Chanticleer
You can bank on change at underperforming Lendlease
Boards hate it when big investors speak out about their strategy, but it usually sparks action.
- Anthony Macdonald
Fix tax and planning to speed build-to-rent projects: Greystar
The US giant has raised more than $1 billion to fund a pipeline of rental apartments, but tax and planning fixes would boost needed investment, it says.
- Nick Lenaghan
Who’s really making money in today’s housing market?
Perth’s house prices surged by up to 40pc in some suburbs but homeowners in Sydney’s premium housing markets are making a bigger windfall, according to CoreLogic.
- Nila Sweeney
The ‘next Justin Hemmes’ swoops on Bruce Gordon’s iconic Illawarra pub
Glenn Piper’s decision to acquire the iconic Scarborough Hotel from Rich Lister Bruce Gordon for $9.5 million is a sign that pub deals are returning.
- Updated
- Campbell Kwan
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.
- 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.
- Bonnie Campbell
- Opinion
- Investing
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.
- Jemima Whyte
WeWork predicts $12b in rent savings after bankruptcy ends
The co-working company’s plan to reduce its real estate comes as it separately fields an offer by Adam Neumann to buy back the company he co-founded.
- Steven Church and Natalie Wong
- 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
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
‘Build it and they will come’: Cbus Property’s $1b Bourke Street bet
The developer is confident there is opportunity in the office market shakeout, as blue chip tenants chase high-quality workspace for their employees.
- Nick Lenaghan
‘Tsunami’ of headwinds faces builders as collapses surge by a third
The latest official figures point to a 32 per cent increase in insolvencies across the sector this financial year.
- Larry Schlesinger
