Skip to navigationSkip to contentSkip to footerHelp using this website - Accessibility statement
Advertisement

Property market

Yesterday

Buyer demand is expected to stay resilient despite interest rates staying higher for longer.

Pace of house price growth to cool as risks emerge

House prices have recouped the interest rate-induced losses in the past two years and are poised to hit record highs this year, but downside risks are gathering pace, according to experts.

  • Nila Sweeney
AFR

Victoria adds $700m to home buyer scheme – and calls time on it

There were minimal housing policies in the Victorian budget, but the state government is hopeful of a pick-up in sales next year to boost its finances.

  • Updated
  • Michael Bleby

This Month

Downcast: Property market-reliant Victoria is in for a ‘challenging’ budget on Tuesday.

Victoria has become a poor state: economist Saul Eslake

The southern state’s high dependence on property and population growth has a fallout felt beyond its borders.

  • Michael Bleby
First cab off the rank: The investment property at 5 Pauls Drive, Valley View, was the first to be auctioned and reached a price of $885,000 before they paused and started selling the neighbouring home.

The complicated $1.8m sale of a ‘gamble’ that didn’t pay off

A suburban family bought their neighbours’ house to give them a larger block, but when interest rates went up further something had to give.

  • Michael Bleby

The suburbs where unit values are rising 11 times faster than houses

“Investors are snapping up apartments because they are more affordable and the yields are becoming quite attractive.”

  • Nila Sweeney
Advertisement
This Victorian home in Melbourne’s Armadale sold for just over $5m at auction.

‘Tired’ deceased estate sells for $1m more than guide

Auction clearance rates rose at the weekend despite a 10pc increase in listings. Buyer’s agent David Morrell says good properties are “flying out the door”.

  • Larry Schlesinger
Housing news from Victoria budget 2024.

Australia to fall 300,000 homes short of Albanese’s target

The housing industry welcomes official recognition that the country will fall short of its goals, but warns demand for new homes is still underestimated.

  • Michael Bleby

Why city boltholes are the next must-have for Baby Boomers

A new wave of apartment buyers could fuel stiffer competition, experts say.

  • Nila Sweeney
The 37 largest community housing providers bid for funding to develop more than 26,000 social and housing units in developments such as this one in western Sydney’s Penrith.

$10b housing fund should be doubled, community providers say

The massive response to the federal government’s first tender to develop affordable and social rental housing shows more funding is needed, developers say.

  • Michael Bleby

Ransomware group claims attack on valuer HTW

In a post on the dark web, Black Suit says it has obtained 20 gigabytes of the valuation firm’s customer and transaction data.

  • Michael Bleby
Undersupply and cashed-up buyers are driving house prices higher. But affordability may limit that growth.

What every buyer needs to know about auction clearance rates

Auction clearance rates give some clues about when to buy or sell.

  • Tom Richardson
Kristen Kubank with one of her sons Angus, in front of her new investment property that she bought for her kids to rent

How this CFO landed on the perfect property to help her adult children

Kristen Kubank bought a townhouse to help her adult-aged children who have struggled to enter the property market despite having stable jobs.

  • Campbell Kwan
House prices would continue to rise despite the prospect of further rate rises or delayed rate cuts according to experts.

‘Bullet-proof’ house prices to keep rising despite higher rates

Chronic housing supply shortage would shield prices from sharp downturn if interest rates increase further, or stay higher for longer, experts say.

  • Nila Sweeney

April

Property investors spooked by renewed talk of rates rise

Having recently returned to the housing market in droves – outpacing owner-occupiers – investors could face a potential slowdown in capital gains.

  • Nila Sweeney
Vendor David Milton more than doubled his money on this Neutral Bay apartment in Sydney’s lower north shore.

Real estate agent doubles his money by selling own apartment for $6.5m

There’s a national shortage of suitable units for downsizers, so a man who sells them for a living has just sold his own home – at quite a profit.

  • Michael Bleby
Advertisement
Among the sales over the week was in Elwood, Victoria, where Ray White auctioneer Greg Brydon donned VR goggles to conduct the country’s first virtual live auction.

Sticky inflation not deterring home buyers at auction

Auction markets didn’t react to renewed interest rate rise fears as the pool of home buyers remains big enough relative to the number of homes up for sale.

  • Campbell Kwan
morgyn bostock

Why this apartment owner ditched real estate agents

Morgyn Bostock chose not to use an agent when she sold her home - and would happily do so again.

  • Updated
  • Gus McCubbing

What the new land value boss thinks will happen to property prices

Sally Dale’s appointment comes at a critical juncture for both the residential and commercial markets in Australia’s most populous state. 

  • Nick Lenaghan

Median house prices in Brisbane and Adelaide to hit $1m by December

House price growth momentum has slowed across the capital cities, but is still expected to hit new records this year according to Domain.

  • Nila Sweeney
Two sources say the data breach at valuation firm HTW was a hack and that information about former employees has been compromised.

HTW employee details may have been compromised in valuer data breach

Banks are still waiting for an independent evaluation of the data breach and some are increasing their restrictions on the valuation firm.

  • Michael Bleby