Latest
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
Lendlease profit cut after ACCC delay on $1.3b estates sale
The earnings downgrade comes as an early blow for the company’s radical reset of its vast development business through a $4.5 billion divestment program.
- Updated
- Nick Lenaghan
Why Lendlease is rebuilding after going big and going home
The Australian builder, developer and investor promises major change. But questions remain unanswered by the activist target.
- Michael Bleby
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
How it Sold
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
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
Luxury Property
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
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
- No.107
- Rich List
From refugee to Rich Lister: the incredible journey of Charlie Shahin
Shahin was born in Lebanon where his family, as Palestinian refugees, couldn’t own land. Now he has bought a million-acre NT cattle station.
- Updated
- Larry Schlesinger
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
- Opinion
- Commercial real estate
Why Lendlease couldn’t grow like Westfield or Goodman
The developers’ mantra “think global, act local” makes sense but too often the offshore investments, by Lendlease and many others, have lacked discipline.
- Robert Harley
- Exclusive
- Construction
Builder Mahercorp isn’t paying debts. Again
A home builder that came out of administration last year after securing support of creditors now says it won’t pay back part of what it promised.
- Updated
- Michael Bleby
Lendlease sells US construction business days after strategy reset
The development giant had on Monday outlined plans to progressively offload its international construction and property assets as investor unrest mounted.
- Nick Lenaghan
Rich Lister Terry Snow steps away from the cockpit
At 79, the Canberra property dynamo behind Canberra Airport is finally stepping down from active roles. His son Tom will now chair the airport board.
- Robert Harley
- 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
If Lendlease shrinks abroad, it must grow at home: analysts
Analysts have endorsed Lendlease’s radical retreat to Australia, where the global developer is better performing, but warn considerable execution risk remains.
- Nick Lenaghan
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
- Opinion
- Chanticleer
How Stockland is punting on a bit of Goodman Group magic
Goodman Group is the gold-standard for creating value in Australian property, so it is interesting to see the likes of Stockland replicating its model.
- Updated
- Anthony Macdonald
How Lendlease yanked the handbrake in Britain
The developer whipped up a $58 billion pipeline in barely a decade. As it goes into reverse, Australia’s super funds could be waiting in the wings.
- Hans van Leeuwen
