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    Property market

    Yesterday

    What buyers want when they go looking for a home

    Home buyers’ priorities are shifting as cost-of-living considerations rise, making some lifestyle features less desirable.

    • Nila Sweeney

    This Month

    Tom Trbojevic and his mother Melissa are among those suing a developer for allegedly breaching a contract to build them off-the-plan homes.

    NRL superstar tackles developer over off-the-plan homes letdown

    Tom Trbojevic, known as Tommy Turbo, said he was devastated that his parents were now priced out of their dream home because of a loophole in conveyancing laws.

    • Campbell Kwan
    CBA sliced term deposits earlier this week and has now cut interest rates.

    CBA cuts interest rates for new borrowers

    The country’s largest lender lowered variable rates for new owner-occupiers by 0.25 of a percentage point, and up to 0.35 for some investment loans.

    • Lucas Baird and James Eyers
    xx

    ‘Urgent’ $1.6b coal deal; BoQ to sack 400; $1b Aussie housing bet

    Read everything that’s happened in the news so far today.

    Stockland says clarity on interest rates is essential for sales to pick up.

    Stockland overshoots own housing predictions as settlements jump

    Just four months after taming its own settlement guidance in April, the diversified developer has reported a stronger housing picture.

    • Michael Bleby
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    The suburbs where every seller pocketed $1m profit

    Residential profits surged to a record high in the past financial year, boosted by strong price gains, according to Domain.

    • Nila Sweeney
    Zac Shparberg is investing in ETFs.

    Millennial Zac dumps home ownership dream for ETFs

    Zac Shparberg, 30, says he has no hope of owning a property in the city he grew up in. So, he’s embraced a different wealth creation plan that experts say could work.

    • Tom Richardson

    Mortgage stress warning as owners sell despite falling prices

    Home vendors in some pockets of regional Victoria are facing the toughest selling conditions in the country.

    • Nila Sweeney
    An artist impression of the Alfred & Boundary project designed by Fender Katsalidis.

    Construction cost blowout kills $750m housing project

    Metrics appoints receivers to a North Melbourne site that was to be developed into a $750m urban village after blowout in construction costs.

    • Larry Schlesinger

    ‘Political roadkill’: why Labor can’t get credit for its $32b housing plan

    Newly appointed Housing Minister Clare O’Neil says the causes of the supply crisis facing Australian families are more complicated than legislation in parliament. She has a plan to break the deadlock.

    • Tom McIlroy
    The two-bedroom house at 140 Denison Street in eastern suburbs Sydney’s Queens Park sold for $4.95 million on Saturday.  

    $5m Sydney home undershoots reserve, shows ‘level-headedness’ is back

    As more residences come to market, buyers grappling with still-high rates and cost-of-living pressures will negotiate hard with vendors.

    • Michael Bleby

    Why Brisbane’s housing market could be the next to ease

    Pockets of weakness are finally emerging in Brisbane, Adelaide and Perth, the star performers of the nation’s remarkable housing boom.

    • Nila Sweeney
    House prices in Byron Bay struggled to recover from the recent downturn according to CoreLogic.

    Houses at $500k discounts in these prestige regions

    House prices in popular areas such as Byron Bay have slumped by as much as $570,000 since peaking two years ago.

    • Nila Sweeney

    The Sydney suburbs where rents are falling

    Asking rents have fallen in Sydney, Melbourne, Brisbane and Perth. It’s not the end of the rental crisis but could mean the worst increases are over.

    • Nila Sweeney
    Glenn and Susie Molloy outside their home of 16 years in Camp Hill, in Brisbane’s inner east. They are set to move out of the family home later this month.

    How this Brisbane couple added a sea change to their downsizing

    Susie and Glenn Molloy wanted to live close to the water after one of their parents passed away, so they moved to a duplex near Port Stephens in NSW.

    • Campbell Kwan
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    One of the goals of rentvesting is to cash in on the capital gain of the investment property and use it to purchase your dream home.

    The maths justifying rentvesting has changed. Here are the numbers

    It’s a popular strategy for building wealth but how does rentvesting stack up after 13 rate rises?

    • Kelly Kennedy
    More than three out of 10 suburbs are now fetching more than a million dollar median house price, with 34 suburbs joining the club in the past 12 months according to CoreLogic.

    Share of $1m suburbs blows out in Perth, Adelaide, Brisbane

    The share of suburbs across Australia with a median house price of more than $1million is poised to surge in the next six months.

    • Nila Sweeney

    The most expensive house sales outside Sydney

    Recent sales of premium homes in top regional areas could challenge Sydney’s status as the country’s most expensive housing market.

    • Nila Sweeney
    The neighbouring buildings come with a permit for redevelopment into luxury apartments.

    Surf Dive ‘n’ Ski founder lists neighbouring period buildings for $30m

    Fadil Sadikay is selling the South Yarra apartments with a permit to turn them into a luxury development.

    • Larry Schlesinger

    Stable cash rate not enough to boost home buyer demand: analysts

    The uncertainty over potential rate cuts will weigh on buyer demand and slow price growth in Sydney and Melbourne, experts say.

    • Nila Sweeney