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    Property market

    Yesterday

    Happy holidays for some.

    Tenerife waiters forced to live in tents amid tourist-driven property boom

    Low-paid service workers who are vital to the tourism industry are being squeezed out of the market because of the boom in holiday rentals. 

    • James Badcock

    Where to profit from Brisbane’s Olympic property boom

    How to work out where to invest so that your gains hold for the long term.

    • Jarrod McCabe

    This Month

    The pool of affordable suburbs across Perth has shrunk to just 9.4 per cent of the entire market according to CoreLogic.

    The city that is still relatively affordable to buy a house

    Rapid house price increases in the past year has sparked a sharp decline in the proportion of affordable house markets across Perth, Brisbane and Adelaide.

    • Nila Sweeney
    10/200 Nepean Highway in Aspendale, Victoria sold after prospective buyers traded 30 bids against each other. The final price was $130,000 above the reserve.

    Downsizers pay $130,000 above reserve for villa as auctions slow

    SQM research director Louis Christopher said the low auction volumes indicated housing prices could to dip up to 4 per cent during the second half of this year.

    • Campbell Kwan
    Demand for houses in inner-west Sydney suburbs such as Forest Lodge and Glebe is weakening as fewer buyers are able to access larger mortgage amounts, experts say.

    Why this segment of the housing market is struggling

    Despite the overall increase in Sydney’s home values, pockets of weakness are emerging in higher-end markets and starting to spread.

    • Nila Sweeney
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    House price rises are likely to be slowed by unaffordability and high borrowing costs.

    House price growth to ease under 5pc as affordability bites

    Some of the heat is finally coming out of the market’s remarkable rebound as the burden of servicing mortgages weighs more heavily on prospective buyers.

    • Nick Lenaghan
    Investment bankers say confidence is returning to the markets after a “de-risking” period with lean demand.

    Now is the time to buy commercial property, says this veteran analyst

    Veteran real estate research analyst Sameer Chopra says population growth and the high cost of construction will lead to property values surging.

    • Larry Schlesinger
    AFR

    Home loan size hits record $626,055 as Perth, Brisbane power up

    Owner-occupiers are, on average, taking out larger loans than ever before despite the fact the cash rate is sitting at a 12-year-high.

    • Nick Lenaghan
    The four-bedroom home on 858 square metres at 36 Tourello Avenue in Melbourne’s Hawthorn East sold $641,000, or 15 per cent, over its $4.4 million reserve.

    Winter chill, school holidays cut auction volumes

    Buyers and sellers are cautious about the interest-rate outlook, but are still willing to pay strong prices for good homes – when they can find them.

    • Michael Bleby
    Going, going … Lendlease’s 760-lot Alkimos Beach community is one of 12 Stockland is acquiring.

    ACCC gives Lendlease, Stockland two-month ultimatum over $1.3b deal

    The competition watchdog has further delayed a decision on the two property giants’ transaction over a 12-community portfolio of assets.

    • Michael Bleby

    Rents in Sydney, Melbourne are starting to come down

    New figures show asking rents plateauing or even falling in some markets after several years of sustained increase.

    • Michael Bleby
    The number of construction firms that have gone bust has soared.

    Nearly 3000 building companies go broke in a year

    The construction sector remains by far the single largest category of insolvency as builders carry the ‘largest risk’.

    • Larry Schlesinger
    Home building: A ship floats along the Moskva river past a construction site of a new apartment complex in front of the Russian Government’s main building and a Stalin-era skyscraper in Moscow, Russia.

    Russia ends housing mortgage subsidy that stoked a property boom

    With state support ending for most eligible groups, the real estate market that’s been one of the key drivers of Russia’s wartime economy faces uncertainty.

    • Chris Miller

    Sydney home prices jumped 6pc, but one city achieved quadruple that

    Residential property owners bagged the capital gains in the past 12 months despite higher interest rates.

    • Nila Sweeney

    June

    A crowd for the auction of 45 Ford St, North Ryde, on Saturday.

    Property buyers spooked by talk of another rate rise

    Fewer home buyers are willing to pay above the auction reserve and more buyers are pulling out on fears of another increase in interest rates.

    • Nila Sweeney
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    AFR

    When bank of mum and dad comes with interest

    Retirees are increasingly expected to live with, care for and financially support older and younger family members. Here’s your guide to avoiding strife when it comes to wills, means testing and elder abuse.

    • Duncan Hughes
    Another rate rise could dampen demand but not enough to drag house prices lower according to experts.

    Home prices tipped to defy rising rates

    The prospect of another rate rise is not enough to spark a decline in home values, but could mean prices increase more slowly.

    • Nila Sweeney
    Lexi Dodd at the display suite version of her new Wentworth Point apartment, where she will move into at the end of the year.

    Why this family is swapping a six-bedroom house for apartments

    Lexi Dodd and her family are moving into apartments ahead of a new chapter, where being closer to cafés and restaurants is more important than space for kids.

    • Campbell Kwan
    House sellers in Sydney’s Canada Bay and Ryde area pocketed more than $1million median gross profits amid strong demand.

    The suburbs where sellers are amassing $1m+ profits

    Houses delivered nearly three times as much profits as units, and vendors in some Sydney and Melbourne suburbs raked in more than $1million median gains.

    • Nila Sweeney
    Who’s counting? Australia’s housing affordability picture is much worse when just house values are measured.

    Housing not so ‘impossibly unaffordable’ after all

    A recent global ranking of housing affordability only considered detached house prices in Australia. When including apartments, the picture changes. A lot.

    • Michael Bleby