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    Property

    Residential

    Today

     A pool of outer-ring suburbs such as Somers in Victoria are among the newly minted top-end housing market after posting strong price growth since the onset of the pandemic, according to CoreLogic.

    Suburbs 100km from CBDs join upper echelon as prices surge

    Strong demand for stand-alone homes during COVID-19 has catapulted a string of outer and previously affordable middle-ring suburbs to the top of the housing ladder.

    • Nila Sweeney

    Perth property ‘went nuts’, but these sisters managed to get in first

    Jennifer and Maxine Gamble are sisters who have bought a house together to future-proof aged care issues that might arise in the future for them.

    • Campbell Kwan

    Yesterday

    Restaurant duo splashes on Albert Park mansion with dark history

    Nomad Group’s Al and Rebecca Yazbek have paid about $11 million for Hambleton House on Albert Park’s best street in Melbourne’s bayside.

    • Bonnie Campbell
    Import, yes, but also build local skills: Matt Haines on site in Lake Macquarie, NSW.

    Imported tradies need to live somewhere too

    To fix the housing shortage the government needs to train many more building industry workers at home as well as fast-tracking visas for foreign tradies, builders say.

    • Michael Bleby

    This Month

    Why would anyone want to invest in Melbourne’s housing market?

    Some experts are predicting Melbourne’s housing market to bounce back strongly in the next two years, but others warn about getting in too early.

    • Nila Sweeney
    Advertisement
    The golf course could support a $1 billion housing estate.

    Former AFL star pays $190m for Cranbourne Golf Course

    The 70-hectare site in Melbourne’s south-east will support up to 1500 new homes with an end value of about $1 billion.

    • Larry Schlesinger
    The home at 21 Coventry Lane in NSW Central Coast’s Hamlyn Terrace sold at auction for $780,000, $50,000 more than the identical neighbouring property sold for in November.

    First home buyers purchase from investors in $780,000 sale

    This Central Coast home’s proximity to the M1 highway made it popular with tradies commuting to Sydney – and with rates outlooks stabilising, they were confident about buying.

    • Michael Bleby

    Retiring Reece chair lists $12m family mansion in South Yarra

    Melbourne-based Reece chair Tim Poole and his wife Jane have listed their South Yarra home, Atherley, after 24 years owning the Italianate mansion.

    • Bonnie Campbell
    The Killara Golf Club has sold the four-bedroom home next door to its course for $3.95 million, $700,000 above its reserve.

    Killara Golf Club’s greenkeeper house sells for $700,000 above reserve

    Auction clearance rates fell at the weekend as buyers grow cautious from interest rates staying higher for longer, but well-located properties remain popular.

    • Campbell Kwan

    Liberman family to sell $17m Toorak ‘treehouse’

    A glass and steel modernist retreat designed by Robin Boyd has joined Toorak’s prestige market with a guide of $15.9 million to $17 million.

    • Bonnie Campbell
    AFR, 40 Hudson Parade, Clareville, NSW
Supplied 10th May 2024

    Simon and Catriona Mordant shoot for record with $16m trophy weekender

    The Sydney power couple have listed their Clareville waterfront, which is expected to reset the suburb record.

    • Bonnie Campbell

    AI pioneers pay $12.45m for harbourside penthouse

    Appen founders Chris and Julie Vonwiller have joined a trend of “discerning down-sizers” seeking large apartments.

    • Bonnie Campbell
    Investor Daniel Besen has run into a little strife with the neighbour’s renovations.

    Daniel Besen’s mansion gets craned

    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 crane on it. 

    • Updated
    • Myriam Robin
    The lower end of the housing market could get even more competitive in the coming months according to experts.

    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

    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
    Advertisement

    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
    Buyer demand is expected to stay resilient despite interest rates staying higher for longer.

    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
    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.

    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
    AFR

    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
    Downcast: Property market-reliant Victoria is in for a ‘challenging’ budget on Tuesday.

    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