Latest
Why $800,000 homes are in hot demand
Competitive pressure is building up in this segment of the market as investors and first-home buyers return in droves.
- Nila Sweeney
Government’s $91m tradie plan only ‘modest’ boost for home building
Australia’s target of 1.2 million new homes is a crisis of surging demand and a construction workforce facing its own demographic challenges.
- Updated
- Michael Bleby
Property giant GPT slammed as too ‘woke’ for growth
GPT’s chair Vickki McFadden has defended the company’s efforts on environmental and social issues at its annual shareholder meeting.
- Nick Lenaghan
- Opinion
- Chanticleer
How Goodman Group’s data centre dream could be super-sized
The next generation of data centres will require even more land. That’s something Greg Goodman says his group can provide.
- James Thomson
- Opinion
- Victorian budget
Victoria cannot tax its way to prosperity
Victoria arguably has some of the most complex rules and highest property tax imposts in the country. Will it work?
- Matthew Cridland
Melbourne shuns office return, Sydney coaxed by redundancy fears
New figures also show Canberra has the second-lowest office attendance rates as public service workers do not face the same scrutiny as Sydney’s private sector.
- Campbell Kwan
How it Sold
The complicated $1.8m sale of a ‘gamble’ that didn’t pay off
A suburban family bought their neighbours’ house to give them a larger block, but when interest rates went up further something had to give.
- Michael Bleby
Real estate agent doubles his money by selling own apartment for $6.5m
There’s a national shortage of suitable units for downsizers, so a man who sells them for a living has just sold his own home – at quite a profit.
- Michael Bleby
Luxury Property
Daniel Besen’s mansion gets trunked
You might buy a $20 million trophy home with all the bells and whistles you can hope for. But who says someone won’t, one day, drop a tree on it.
- Myriam Robin
- Exclusive
- Luxury property
Cotton On CFO lists Melbourne mansion with a contemporary twist
Cotton On CFO Michael Hardwick and his wife Diana have put their Melbourne mansion on the market guiding up to $13.75m after a major renovation.
- Bonnie Campbell
More From Today
Daniel Besen’s mansion gets trunked
You might buy a $20 million trophy home with all the bells and whistles you can hope for. But who says someone won’t, one day, drop a tree on it.
- Myriam Robin
- Exclusive
- Luxury property
Cotton On CFO lists Melbourne mansion with a contemporary twist
Cotton On CFO Michael Hardwick and his wife Diana have put their Melbourne mansion on the market guiding up to $13.75m after a major renovation.
- Bonnie Campbell
Goodman warns on China as data centre push gathers speed
Occupancy across Goodman’s China portfolio was 93 per cent over the March quarter, compared with 98 per cent across its overall portfolio.
- Larry Schlesinger
- Exclusive
- Luxury property
Investors Mutual CEO sells designer Sydney mansion for $23m
Damon Hambly and designer Philippa Haydon bought the Bellevue Hill property for just $3.7 million in 2010 and turned it into a trophy home.
- Bonnie Campbell
Yesterday
Rest Super, Barings snaffle $780m Goodman industrial portfolio
The Australian super fund and US investment manager have acquired 12 properties in Sydney and Melbourne, leased to the likes of Amazon and Metcash.
- Larry Schlesinger
Pace of house price growth to cool as risks emerge
House prices have recouped the interest rate-induced losses in the past two years and are poised to hit record highs this year, but downside risks are gathering pace, according to experts.
- Nila Sweeney
Loyalty program a huge driver of occupancy at Marriott hotels
More than one in two hotel rooms booked in Australia come through Marriott’s loyalty program, says Asia Pacific boss Raj Menon.
- Larry Schlesinger
Vicinity, ISPT offload WA mall for $70m, taking capital loss
The Halls Head Central shopping centre was once valued at $114 million.
- Campbell Kwan
Landlords offered $5000 lure for housing fix
Amid a surge in Perth property prices, the WA government will give owners of vacant homes $5000 if they make them available for long-term renters.
- Tom Rabe
Victoria adds $700m to home buyer scheme – and calls time on it
There were minimal housing policies in the Victorian budget, but the state government is hopeful of a pick-up in sales next year to boost its finances.
- Updated
- Michael Bleby
This Month
Why Michael Hill chose Chadstone to sell $1m diamond earrings
Michael Hill’s global flagship store will open in Melbourne’s biggest mall Chadstone, and will include a $1m pair of yellow diamond drop earrings.
- Larry Schlesinger
Victoria has become a poor state: economist Saul Eslake
The southern state’s high dependence on property and population growth has a fallout felt beyond its borders.
- Michael Bleby
The complicated $1.8m sale of a ‘gamble’ that didn’t pay off
A suburban family bought their neighbours’ house to give them a larger block, but when interest rates went up further something had to give.
- Michael Bleby
Farm land price growth to ease to 5pc in 2024 as rural incomes fall
Price growth this year is expected to be less than half the near 11 per cent achieved in 2023, as a three-year agricultural boom fades.
- Larry Schlesinger
Americans went all-in on self-storage. That demand is suddenly cooling
One of the reasons for the drop in demand for self-storage units is that people aren’t relocating as much as they did during the pandemic.
- Martha C. White
Centuria lifts glasshouse portfolio to $450m with big Vic acquisition
Centuria has paid about $100m to buy the Katunga Fresh glasshouse facility in a sale-and-leaseback deal with the Van den Goor family.
- Larry Schlesinger
Lagging real estate stocks have dipped too far, analysts say
A growing sense of confidence about US borrowing costs makes analysts covering the industry’s stocks expect a 15 per cent rally in the next 12 months.
- Norah Mulinda
The suburbs where unit values are rising 11 times faster than houses
“Investors are snapping up apartments because they are more affordable and the yields are becoming quite attractive.”
- Nila Sweeney
‘Tired’ deceased estate sells for $1m more than guide
Auction clearance rates rose at the weekend despite a 10pc increase in listings. Buyer’s agent David Morrell says good properties are “flying out the door”.
- Larry Schlesinger
- Exclusive
- Property development
Red tape puts Labor’s $10b HAFF housing plan at risk
The federal government, set to fall 300,000 homes short of its 1.2 million target, faces another hurdle over workplace health and safety certification.
- Michael Bleby
