Property prices
The Melbourne suburbs where home owners can’t afford their mortgages
At least one in 30 households in hard-hit pockets have fallen behind on repayments, buckling under high interest rates and inflation.
- by Elizabeth Redman
Latest
‘We all seem to be happier’: Where you can be a sea-changer for under $750,000 in Victoria
The finest homes of Torquay and Portsea might be out of reach, but Melburnians are ditching the commute for more affordable and less hectic options.
- by Alexandra Middleton and Elizabeth Redman
‘A pretty magic spot’: Where you can sea-change for under $750,000 in NSW
Byron Bay might be out of reach, but Sydneysiders are ditching the commute for coastal hotspots that cost half the price of the capital.
- by Elizabeth Redman
The Australians who have most of their wealth tied up in property
Research by the Productivity Commission into the makeup of Australians’ wealth has revealed whose home is the highest proportion of their net worth.
- by Jim Malo
Opinion
Property market
Two weeks after the budget, I’ve realised I missed its most surprising revelation
The budget papers include a long statement spelling out what’s wrong with housing with a candour I’ve not seen before.
- by Ross Gittins
Unprecedented building cost blowouts leave city dwellers in the lurch
Two key statistics indicate that Australia’s housing affordability crisis will continue to worsen, even as governments scramble to ease supply constraints.
- by Jemimah Clegg
Downsizers compete to pay $4,325,000 for double-fronted Middle Park terrace
The home’s high-spec renovation prompted two bidders to push the price well beyond the quoted price range. It was one of 1028 auctions scheduled on Saturday.
- by Tom Carey
Ben was priced out of his first and second choice suburbs. Then he was evicted
At one point in his near two-year search he tried to buy a house with asbestos but it sold for $240,000 more than the price guide.
- by Tawar Razaghi
Lane Cove investment property bought in 1990 for $250,000 sells for $3.5 million
Eleven buyers – a mix of young families and developers, who were eyeing it for its knock down potential – registered to bid. But one group didn’t even get a look in.
- by Tawar Razaghi
Comedian Rhys Nicholson’s ‘maximalist’ home sells for $842,500 after auction
The Coburg home passed in for $810,000, but soon sold to the highest bidders in post-auction negotiations.
- by Jim Malo
‘People feel cheated’: Cut to home buyer budgets leaves households reeling
Workers are feeling ‘pretty distressed’ to realise the basics of life have slipped further out of reach than even in the recent past.
- by Elizabeth Redman