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    Property

    Residential

    Yesterday

    Cadence boss Charlie Buxton: local bus activist.

    Bus off! Charlie Buxton goes NIMBY for tennis court

    No historic property is complete without renovations. Or, if necessary, attempts to redirect a bus route so it doesn’t go past one’s tennis court. 

    • Updated
    • Myriam Robin
    This five-bedroom home was one of four new builds on the Strathfield market.

    Strathfield mansion beats guide by $500k as auctions rebound

    Auction clearance rates have returned to form after the long weekend lull, but long-term price growth is cooling.

    • Bonnie Campbell

    Brighton mansion built by billionaire Larry Kestelman sells for $16m

    The bayside suburb clocked its highest sale price so far this year after Rob and Melita Chaloner’s mansion sold.

    • Bonnie Campbell

    This Month

    NSW Treasurer Daniel Mookhey: “We’re interested in the fair distribution of wealth.”

    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

    $12m sale reveals how Steel City turned to property gold

    While it will never compete with Sydney prices, regional hub Newcastle has shed its industrial origins to become a coveted prestige market.

    • Updated
    • Bonnie Campbell
    Advertisement

    Snack queen buys Rich List garbo’s $25m beach weekender

    Snack food wholesaler Lenka Dransfield has paid $25 million for one of three Palm Beach waterfront properties owned by Rich Lister garbo Ian Malouf.

    • Bonnie Campbell
    Not just severely unaffordable but now ‘impossibly’ so: Sydney is the world’s second-least affordable city for housing, according to the latest Demographia report.

    ‘Impossibly unaffordable’ housing a social risk: report

    The level of housing price relative to incomes poses an “existential” risk and demands a rethink of urban growth boundaries, a new global report says.

    • Michael Bleby
    NSW Premier Chris Minns said it was critical the expectations of ministers were made clear.

    Chris Minns wants Sydney to feel like Brooklyn

    To encourage an urban renaissance, the NSW premier has a message for the city’s property developers: build, build, build.

    • Aaron Patrick
    The collapse of Porter Davis left 1800 homes unfinished in Victoria and Queensland.

    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
    Andrew McConnell and his wife Jo McGann.

    Restaurant titans behind Cumulus, Gimlet buy modernist Toorak retreat

    Legendary Melbourne chef-restaurateur Andrew McConnell and his photographer wife Jo McGann have purchased a striking modernist home in Melbourne’s Toorak.

    • Bonnie Campbell

    Former KPMG exec to sell Gold Coast mansion ‘crafted for indulgence’

    One of the area’s most lavish waterfront properties has hit the market, complete with a man cave, jetty and cinema, and expectations above $15 million.

    • Bonnie Campbell

    Elizabeth Bay residents fight developer for more – not less – density

    Fortis’ $214 million project in a Sydney inner harbourside suburb has put it at odds with city authorities and locals opposing more gentrification.

    • Michael Bleby
    Westpac is now expecting faster growth in home values across Brisbane, Perth and Adelaide, but forecasting smaller gains in Sydney and Melbourne.

    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
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    Shirakawa-go, in Japan’s Gifu prefecture. T

    Yours for just $30k. Expats hunt homes in rural Japan

    Millions of abandoned homes dot Japan’s countryside, the result of an ageing population and declining rural economy. They are being sold at rock-bottom prices.

    • Noah Eastwood
    The $2.2 million retrofit meant a cost of about $150,000 per studio apartment.

    How a $2m retrofit stacks up for investors

    Two-thirds of Australia’s current buildings will still be standing by 2050, the target year for net zero emissions. Boosting their energy efficiency is crucial – and pays off.

    • Michael Bleby
    Investors are undeterred by the prospect of another interest rate rise.

    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
    House prices in Perth’s affordable suburbs have jumped by more than 40 per cent in the past 12 months.

    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
    An architecturally designed house on a rare block size in Chatswood has fetched $2.02 million after 17 buyers registered to compete for the home at auction.

    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