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Property

Residential

Today

Hitting it for six: The minimum standard of six star thermal efficiency ratings set in 2010 was upgraded to 7 stars last year.

Older, ‘cheaper’ houses hide costs that bite owners

More than 80 per cent of Australia’s houses have half the energy efficiency of the latest standards – and that’s going to make them less valuable.

  • Michael Bleby

Yesterday

The two bedroom, one bathroom, one car park unit in a building of eight at 2/38 Boundary Street in northern NSW’s Tweed Heads sold by private treaty for $850,000.

‘Shoebox’ apartment sells for $850,000 in less than a day

With supply crunched, this 41-square-metre unit sold at a rate similar to those on nearby Millionaires’ Row.

  • Michael Bleby

This Month

High-end homes, such as interior designer Lauren Tarrant’s Gawith Court property that sold for $20 million, are selling off-market in Melbourne while Sydney slumps.

Sydney property slumps as buyers wait for price falls

The preliminary clearance rate for auctions in Sydney fell to 58 per cent – its lowest in a year – as buyers anticipate price falls.

  • Campbell Kwan
Bargain hunters could find heavily discounted houses in some of the most prestigious coastal suburbs as prices fall further.

The best beachside suburbs to grab a bargain before the year ends

As buyer demand dries out, sellers in these sought-after coastal suburbs are becoming more motivated to sell.

  • Nila Sweeney

Where price growth for apartments will outpace houses in 2025

Apartment price growth has lagged houses for decades, but this could change next year according to experts.

  • Nila Sweeney
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Home sellers chop asking prices amid glut in listings

Weaker buyer demand and an influx of stock have prompted some vendors to slash their asking prices.

  • Nila Sweeney

Have we hit an inflection point in the housing market?

The latest results from CoreLogic show the housing market has entered a new phase.

  • Nila Sweeney
Pointing up: New housing approvals are increasing.

Worst has passed for new home building: economists

Bad times “are starting to end” as developers now have a handle on costs and the prices they can get for apartments.

  • Michael Bleby
The corner house at 23 King Street, St Marys, NSW, was the most valuable of the three.

Not even the agent saw this $4.2m purchase coming

They were three separate houses, sitting in a row. The residential sites were no good for development, but that didn’t stop one buyer from purchasing them all.

  • Michael Bleby
Sydney house prices have fallen for the past two months.

Rate cuts won’t stimulate a big upswing in house prices: CoreLogic

An undersupply of housing will protect the market from a sharp correction, but there won’t be a significant rise when rates fall, predicts Tim Lawless.

  • Larry Schlesinger

Auction clearance rates hit year low as sellers lose confidence

More than half of the homes offered for auction in Sydney in the past week were withdrawn before the auction date.

  • Larry Schlesinger

November

The unusual reason home batteries are making more financial sense

The price of installing batteries to go with your home solar system hasn’t changed much in years, but the rising cost of electricity is making storage more cost-effective.

  • Nila Sweeney
TPG’s Joel Thickins has taken the keys to this South Coogee home for $14.75 million.

TPG boss buys $15m Coogee pad, joining PE trophy home ranks

TPG Asia boss Joel Thickins is the latest heavyweight to join the trophy ranks of Australia’s top private equiteers.

  • Bonnie Campbell
Property developer Sasha Hopkins.

Property guru Sasha Hopkins fined $1.3m, banned for four years

The self-styled property mogul has been punished for running unregistered investment schemes without a financial licence.

  • Max Mason and Jessica Sier
Avid Property Group CEO Cameron Holt.

AVJennings to go private after mega private equity bid

The takeover offer from Proprium, which is backed by the company’s board, values the major home builder at $374 million, double its market capitalisation.

  • Michael Bleby
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The clifftop home of the late Alan Cardy has set a South Coogee house price record of more than $18.45 million.

Fintech founder buys late Wallaby’s clifftop home for $18.6m

The co-founder of HR onboarding software Flare, Daniel Cohen, and his wife, Gina, have set a suburb record by buying Alan Cardy’s mansion.

  • Bonnie Campbell

Bank of America heavyweight snaps up the Scandizzos’ Toorak home

Melbourne-based Bank of America managing director Jonathan Derby and investment banker Vivienne Petroff have snapped up the Scandizzos’ designer Toorak home.

  • Bonnie Campbell
Many Australian suburbs are capitalising on existing homes rather than increasing the stock of housing.

Renovations boom while new builds stall

Australia’s trade and subcontractor shortages could be eased if policies and regulations tilted resources towards new home-building.

  • Michael Bleby
It’s an upgrader’s market with softer prices and more properties on offer.

Upgraders dominate the housing market as prices slow

People seeking bigger and better properties have edged out first home aspirants as the most active buyers for the first time this year, valuers say.

  • Nila Sweeney
Bloomberg

Could Donald Trump crush the US property market?

Comprehensive tariffs could inflate the economy and slow the pace of rate cuts, dampening hope for a recovery in home sales and a lifeline for office landlords.

  • Patrick Clark, Prashant Gopal and Natalie Wong

How far will Sydney and Melbourne house prices fall in 2025?

High interest rates, unaffordable prices and increased listings are likely to send prices lower in 2025 in the country’s two biggest housing markets.

  • Nila Sweeney
The three-bedroom semidetached home at 130 Ramsay Street, in inner-western Sydney’s Haberfield sold by private treaty for $2.25 million.

The $2.25m sale of an Airbnb that dragged out over four weeks

This was a difficult house to sell because of restricted opening times but its price point below the suburb median ensured the buyer was patient.

  • Michael Bleby

Sydney home prices sink again as vendors rush to sell before auction

Sellers’ confidence is waning in the Harbour City amid a slowing market and shrinking pool of buyers.

  • Nila Sweeney

Tens of thousands of Spaniards protest housing crunch and high rents

The lack of affordable housing has become an urgent concern in Spain, mirroring the housing crunch across many parts of the world.

  • Joseph Wilson and Hernán Muñoz
Affluent niche: sales of apartments targeting downsizers are booming.

The suburbs where apartment price growth is blitzing houses

Unit values are rising faster than houses in almost two out of three suburbs nationwide as housing affordability worsens.

  • Nila Sweeney