Today
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
- Exclusive
- Luxury property
Live where the Kardashians stay in Bellevue Hill for $15k a night
AFR Weekend takes a look inside Sydney’s secret world of prestige rentals, where A-listers and business heavyweights dig deep for temporary accommodation.
- Bonnie Campbell
Brett Wells waited 517 days for a DA approval. Now he’s going to court
The doctor is at war with Woollahra Council, which has a reputation as one of Sydney’s most anti-development municipalities.
- Aaron Patrick
Sluggish rate of new home approvals is bad news for renters, buyers
The dwindling pipeline of new builds revealed by the drop in permits is another blow to efforts by governments across the country to improve housing supply.
- Nick Lenaghan
Perth’s house prices to jump 21pc by 2025: NAB
The bank upgraded its house price expectations for Perth, Brisbane and Adelaide as values there accelerate.
- Nila Sweeney
Baby Boomers are loving the ‘freedom’ of renter life
Typically, those who don’t own a home worry it might be detrimental to their financial future. However, more Baby Boomers are in favour of renting.
- Katherine Doherty
- Analysis
- Luxury property
What went wrong at Britain’s poshest retirement village?
High-end retirement homes aimed at wealthy Baby Boomers are popping up all over the UK. Investors now consider the senior living sector to be a profitable asset.
- Kate Wills
‘Biggest challenge by a mile’: why developers can’t build homes people can afford
Developers Tim Gurner, Sam Tarascio and Maha Sinnathamby have kept their places on this year’s Rich List amid a housing crisis. This is how they did it.
- Nick Lenaghan
Interstate buyers drive $600k rise in new Gold Coast apartment prices
Interstate investors drove the average price of a Gold Coast apartment purchased off-the-plan to $1.73 million in the March quarter.
- Larry Schlesinger
Rising house prices, mortgage stress spark short-term resale
Recent home buyers are selling up their properties in droves to cash in on the recent windfall or to get out of financial trouble.
- Nila Sweeney
Home construction activity nears two-year low amid tradie shortages
Builders are struggling to find tradies to complete homes as new ABS data shows a second successive quarterly fall in the value of completed residential work.
- Larry Schlesinger
- Exclusive
- Property development
Housing for 100,000 people in limbo as construction projects stall
Elevated construction costs, a shortage of labour and a lack of off-the-plan buyers have lifted the number of stalled new dwellings that are already approved to over 37,000.
- Larry Schlesinger
Why rising home listings in some suburbs may not spark price declines
Home listings are rising in some suburbs in Adelaide, Melbourne and Sydney, but this may not be enough to pull prices down.
- Nila Sweeney
Boomers’ property wealth in ‘fire sales’ to pay UK inheritance tax
Inheritance tax can run into hundreds of thousands of pounds. Their cash-poor descendants could be unable to afford their own inheritance.
- Rob White
Perth, Brisbane and Adelaide apartments poised to outperform
Fewer property valuers expect demand to rise in the next 12 months, but more are still predicting higher prices due to scarce supply.
- Nila Sweeney
‘Strong spring’ for property sales is in the RBA’s hands
Auction clearance rates are holding steady even as the number of properties listed ticks up. Where the market goes from here depends on what the RBA does next.
- Nick Lenaghan
Madrid leads European house price gains with double-digit surge
Housing shortages are fuelling dramatic price increases in Europe’s major cities. Madrid has been particularly affected by an influx of Latin American money.
- Ainhoa Goyeneche and Fabiola Moura
Point Piper mansion sells on the quiet for $80m-plus
Point Piper mansion Rockleigh has sold for over $80 million, clocking the highest price for a property so far this year.
- Bonnie Campbell
