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Property

Residential

Yesterday

House price falls will accelerate next year: NAB

The bank expects price declines in most capital cities to steepen next year as higher rates wash through. The only exception is Sydney, which was hit hardest this year.

  • Nick Lenaghan

Tesla chair Robyn Denholm buys $27.5m penthouse in Cremorne Point

She has smashed Sydneyโ€™s north shore apartment record by upgrading from her $2.5 million Waverton pad to the seven-bedroom unit including garaging for six cars.

This Month

Downsizers snap up apartments overlooking Flemington Racecourse

Developer Paceโ€™s Darley apartment project overlooking Flemington Racecourse in inner Melbourne is 55 per cent sold out in just four months.

  • Larry Schlesinger

Dorms fill, room rates rise as international students return

Many operators are on track to reach normalised occupancy even before a full recovery in enrolment levels.

  • Nick Lenaghan

McGrath buys $7m stake in franchisees

The ASX-listed real estate company is reversing the tactic it pursued ahead of its disastrous IPO of buying company owned offices.

  • Michael Bleby
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Rate move to prompt more buyers and sellers to act

While separate data point towards a stabilising housing market, the central bankโ€™s decision gives confidence an end to rising rates is in sight.

  • Michael Bleby

A nine-square-metre Tokyo apartment: โ€˜I wouldnโ€™t live anywhere elseโ€™

With its high property prices and populous metropolitan area, Tokyo is known for small accommodations. But these units push the boundaries of living.

  • Hikari Hida

Donโ€™t ignore Chinaโ€™s big problem amid market madness

Jim Chanos says investors are sleeping on Chinaโ€™s massive property problems. Australiaโ€™s miners will be hoping a new round of stimulus measures finally work.

  • Updated
  • James Thomson

Affordable housing solutions are on the supply side

The solution for the โ€œhousing crisisโ€ is for governments to focus on where the problem is most acute, as opposed to throwing counter-productive tax concessions at swinging voters.

  • The AFR View

Untouched 35-year-old house with $1.9m price tag sells for $3m

Rates are rising and global instability is rocking confidence, but downsizers have cash to spend and when they see something they like, they fight for it.

  • Michael Bleby

House price correction could be over by early 2023: CoreLogic

The pace of residential property value falls eased back in September, led by Sydney, pointing to a possible bottoming out by the first quarter of next year.

  • Larry Schlesinger

Renovation delivers $200,000-plus premium as prices stabilise

The auction clearance rate held firm above 60 per cent for the fifth consecutive week as fully renovated homes proved most popular given construction delays.

  • Larry Schlesinger

September

Falling property values start to take a toll on homeowners

While loss-making sales are increasing, long-time owners on Sydneyโ€™s northern beaches and the Hills shire pocketed more than $1 million profit on average.

  • Nila Sweeney

First home buyer grants can push up prices: Productivity Commission

The independent agency says the risks of first home buyer subsidies pushing up housing values gave โ€˜reason to be scepticalโ€™ that they make ownership more affordable.

  • Michael Bleby

Sydney suburb posts $378 weekly rental increase as supply falls

Median rents have surged by more than $100 per week across 35 house markets and 23 unit markets nationwide over the 12 months to August.

  • Nila Sweeney
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Carsales co-founder Steve Kloss tips into Urban.com.au, joins board

Urban.com.au Mike Bird and George Glover have taken some equity off the table, selling a small portion of shares to Carsalesโ€™ Steve Kloss.

  • Yolanda Redrup, Sarah Thompson, Kanika Sood and Anthony Macdonald

Remote work drove over 60pc of house-price surge, Fed study finds

Nearly two-thirds of the value gain of dwelling prices over a two-year period came from the rise in working from home โ€“ which has not gone away.

  • Catarina Saraiva

Blacktown leads list of 178 new million-dollar suburbs

Suburbs where houses are fetching $1 million or above have increased by 18.9 per cent nationwide, in defiance of the price correction sweeping the broader market.

  • Updated
  • Nila Sweeney

Rising rates, immigration will tighten rental market further

The governmentโ€™s housing agency says borrowing costs that are crimping development and the return of inbound foreign migration have changed the rental outlook.

  • Michael Bleby

Melissa Caddickโ€™s gift to the luxury home market

The listing of the missing fraudsterโ€™s home brings a welcome offering to a top-end market frustrated by a lack of stock.

  • Nila Sweeney