Today
Home ownership is this Labor treasurer’s great middle-class goal
NSW Treasurer Daniel Mookhey, who hands down his second budget on Tuesday, says building wealth and financial security through home ownership must be a core objective of the modern Labor Party.
- John Kehoe
This Month
Insurance for new Victorian home builds to jump by 65pc
The Greens-controlled council is one step closer to imposing different rates for landlords and owner-occupiers after passing a motion on Wednesday night.
- Updated
- Gus McCubbing
Sellers jack up house prices as values surge to record highs
Supply is driving rises in some areas, but in some suburbs, asking prices rose at the same time as listings went above the decade average.
- Nila Sweeney
Westpac reins in house price growth forecasts for Sydney, Melbourne
Westpac lowered its house price expectations for Sydney and Melbourne due to worsening affordability and increased listings.
- Nila Sweeney
This council is mulling doubling rates for landlords
A Greens-led Melbourne council is mulling charging landlords rates four times higher than owner-occupiers to help more first home buyers into the market.
- Gus McCubbing
FOMO driving investors into property, especially in these suburbs
Experts reveal their top picks for suburbs that could deliver strong capital gains and rental returns for investors over the near to medium term.
- Nila Sweeney
Why some investors are now avoiding the Perth market
Perth’s home values are still increasing at a rapid clip, but some experts are starting to sound caution.
- Nila Sweeney
Smallest block in Chatswood sets a street record at $2m
Listings in Sydney and Melbourne fell to their lowest level since Easter, but auction numbers are due to jump dramatically this week before the winter slowdown.
- Nick Lenaghan
Downsizers from $1.9m house get help from agent to buy next home
In a low-stock market, some vendors are getting extra assistance – from their sales agent – to purchase their next home.
- Michael Bleby
The buyers jumping into Australia’s housing market
Even with 16 straight months of gains and repeated records for house prices, buyers appear willing to take their chances. The question is why.
- Nila Sweeney
$100,000 may be the new norm for city home deposits
With a standard 20 per cent deposit, Australians need to have saved a median of $100,000 to enter the property market in capital cities.
- Michelle Bowes
- Opinion
- Chanticleer
How short sellers won big on story of housing market pain
IDP Education plunged after the full extent of immigration restrictions in Australia, Canada and Britain became clear. It hopes the pain will be short-lived, but that will depend on house prices.
- Updated
- James Thomson
Brisbane’s biggest penthouse could beat the city’s $20.5m record
The Riparian Plaza penthouse was bought off the plan for $7.37m in 2001 by John Pearce, soon after he pocketed $14m from the sale of Collection House shares.
- Larry Schlesinger
Apartment sales boom – in the $1 million-plus price range
Soaring materials and financing costs are making most apartment projects unviable. But there’s a niche of the development market that is booming.
- Michael Bleby
Three unorthodox ways to get into the housing market
In the face of rising property prices, innovative solutions are arising for aspiring property owners.
- Michelle Bowes
House prices in cheaper suburbs surge 10pc in three months
Strong demand for affordable homes fueled a sharp increase in prices across some of the cheaper suburbs in Sydney and Perth, according to CoreLogic.
- Nila Sweeney
Sydney’s home values to hit new highs within weeks
The city has fully recovered from the recent downturn, while Brisbane overtook Canberra as the second most expensive capital city.
- Nila Sweeney
Spike in auction volumes drags clearance rates lower
Preliminary clearance rates drifted lower across Sydney and Melbourne over the weekend as more vendors put their homes on the market.
- Nila Sweeney
Home buyers are starting to revolt over steep prices across US
Sellers are grappling with the fact that higher-for-longer rates are choking off demand during what’s typically the key season for the US market.
- Prashant Gopal and Michael Sasso
May
The Young Rich Listers set to smash Queensland property records
Simon and Tah-nee Beard have listed their luxury penthouse for $30 million, more than double what they paid.
- Updated
- Julie-anne Sprague and Bonnie Campbell
