Property
One graph that shows why it’s harder for Millennials to buy a house
Homeownership is looking further out of reach for anyone without family wealth, as property prices soar and wages fail to keep up. One metric lays bare the challenge.
- by Elizabeth Redman
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Ros Kelly, David Morgan trade in Vaucluse trophy home to buy $35m digs
Former Labor MP Ros Kelly and her husband, former Westpac chief David Morgan, sold their $25 million Vaucluse home last weekend.
- by Lucy Macken
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One graph that shows why it’s harder for Millennials to buy a house
Homeownership is looking further out of reach for anyone without family wealth, as property prices soar and wages fail to keep up. One metric lays bare the challenge.
- by Elizabeth Redman
Low-key billionaire Kie Chie Wong buys $9.4m Southern Highlands farm
Little-known billionaire Kie Chie Wong has kept his real estate interests fairly modest by iron ore oligarch standards, but that changed this week when he bought the Sutton Forest cattle and thoroughbred farm Braebrook for $9.4 million.
- by Lucy Macken
‘Something needs to give’: Timber scarcity chaos for owners and builders
For some builders, the timber shortage has led to the collapse of their businesses. For some homeowners, it has resulted in budget blowouts and even the forced sale of a partially built house.
- by Lily Moffatt
Art deco home in Essendon sells for $1.61m in record auction weekend
The auction was one of 1755 scheduled on Saturday, and buyers were taking their time to bid after having the luxury of more choice on Melbourne’s biggest auction day on record.
- by Melissa Heagney
Alexandria terrace fetches $2.25m in drawn-out sale on record auction day
Is it on the market yet? ‘Absolutely no way,’ the auctioneer told the bargain-hunting bidder, as a record-breaking volume of auctions allowed Sydney buyers the luxury of less competition.
- by Kate Burke
Ros Kelly, David Morgan trade in Vaucluse trophy home to buy $35m digs
Former Labor MP Ros Kelly and her husband, former Westpac chief David Morgan, sold their $25 million Vaucluse home last weekend.
- by Lucy Macken
The Sydney homes defying the property market slowdown
Amid Sydney’s slowing housing market there is one type of property that is still in hot demand: the A-grade home.
- by Kate Burke and Elizabeth Redman
Rush to ritzy rentals as borders reopen across Australia
Cashed-up holidaymakers have raced to the short-stay rental market as Australia’s borders reopen, and they’re willing pay up to $140,000 a week.
- by Melissa Heagney
Best of the worst property listings for 2021
In a year of crazy inflationary prices, there were some weird and wonderful sales from around the world and locally that caught our attention.
- by Ellen Lutton
Nothing was done for months. Now this family is stuck in a damp, mouldy flat
Unexplained delays by the NSW government’s property tribunal has forced a Sydney woman, her five-year-old daughter and her elderly parents to move back into a damp, mouldy apartment.
- by Sue Williams
‘Goalposts have changed’: Lending clampdown cuts home buyers’ budgets
Property prices are sky-high, but many people will find it harder to buy as a lending clampdown cuts their borrowing capacity by as much as 15 per cent.
- by Elizabeth Redman
The most popular suburbs for home buyers in 2021
A string of Sydney suburbs have dominated a list of the most in-demand areas for home buyers in 2021, but it was a Melbourne suburb that took the top spot.
- by Kate Burke
Bronte home of late TV boss Maureen Kerridge sets new $25m high
Bronte is fast establishing itself as one of Sydney’s most expensive locales after a parkside house long owned by the late Seven chief executive Maureen Kerridge sold for about $25 million.
- by Lucy Macken
Sydney, Melbourne house prices in surprise fall at auction
The median auction house price fell in Sydney and Melbourne last month, as a huge volume of listings offered buyers more choice. Is it a blip, or could booming house price growth be coming to an end?
- by Elizabeth Redman
They bought a puppy for their son in lockdown. Strata did something ‘absurd’
When health worker Georgia Dawson applied for permission to keep her dog in her apartment, she was stunned by the response.
- by Sue Williams
Rental prices tipped to rise as vacancies hit multi-year low
Renters across Australia face fewer options in finding their next home, with vacancy rates at a multi-year low and expected to fall further.
- by Kate Burke
Hungry home hunters push prices up in capital cities
Clearance rates were slightly down, but there was some keen bidding at key auctions.
- by Sarah Webb
Do house prices really double every 10 years?
The old saying goes that property prices double every decade, but new figures show the locations where price growth has been even stronger – and where it hasn’t kept pace.
- by Elizabeth Redman
The heritage ‘shock’ that came from staying at home during COVID-19
Melburnians stuck at home during COVID-19 recognised how suburbs have changed, leaving them in ‘shock’ the new chair of the Heritage Council of Victoria says.
- by Jenny Brown
Broadbent leads high-flyers snapping up South Coast getaways
Businesswoman Jillian Broadbent will be leading a cavalcade of Sydney’s well-heeled to holiday on the South Coast this summer.
- by Lucy Macken