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Property market

Today

When everyone runs for cover is ‘great time’ to invest

Many investors see opportunities while others fear peril amid rising interest rates.

  • Duncan Hughes

Yesterday

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

She has smashed Sydney’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 Pace’s Darley apartment project overlooking Flemington Racecourse in inner Melbourne is 55 per cent sold out in just four months.

  • Larry Schlesinger

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

Rate move to prompt more buyers and sellers to act

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

  • Michael Bleby
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Rate rises a blessing for bargain hunting Sydneysider

Falling property prices and tougher lending conditions are creating opportunities for cashed-up borrowers.

  • Duncan Hughes

A nine-square-metre Tokyo apartment: ‘I wouldn’t live anywhere else’

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

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 Sydney’s northern beaches and the Hills shire pocketed more than $1 million profit on average.

  • Nila Sweeney

Teal candidate targets housing crisis in tourist hotspot

Mornington Peninsula is best known for its beaches and wineries, but it is also facing a housing crisis and teal candidate Kate Lardner wants to fix it.

  • Gus McCubbing

More pain to come for global investors, Aussie property prices

While the Bank of England has restored order to the UK government bond market, investors remain very jittery about the prospects for asset prices. The great Aussie house price correction also persists with gusto.

  • Updated
  • Christopher Joye

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 ‘reason to be sceptical’ that they make ownership more affordable.

  • Michael Bleby

Housing downturn won’t be steep and deep: UBS

A variety of factors will keep housing stronger, and that’s good news for two of the country’s largest developers.

  • Michael Bleby

How to avoid buying a ‘lemon’ unit from dodgy developer

A new star ratings system can guide you to developers with a proven track record and quality buildings.

  • Jimmy Thomson
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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

The property tax debacle unfolding in Canberra

The ACT once looked like a tax trailblazer when it promised to scrap inefficient stamp duties. A decade later it’s a sad example of the inertia around tax reform.

  • John Kehoe

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 – 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

PEXA looks for positives in Link’s plan to offload half stake

CEO Glenn King says it could allow new shareholders onto the register, and says PEXA is eyeing off opportunities in other markets such as Canada.

  • Hans van Leeuwen