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Woolnorth’s history dates back nearly 200 years.

Chinese billionaire to sell Tassie dairies after Fonterra deal sours

The Woolnorth dairy farms in north west Tasmania and the near 200-year-old Van Diemen’s Land Company are being sold by Chinese businessman Xianfeng Lu.

  • 1 hr ago
  • Larry Schlesinger
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

Huge mango farming operation in NT for sale by receivers

Receivers are hoping to recoup almost $10m owed to NAB through the sale of the Cheeky Farms aggregation of mango plantations.

  • Larry Schlesinger and Lucas Baird

High costs to delay housing supply until end of decade: AFR survey

It’s a case of simple economics choking off the desperately needed supply of new housing as building costs rise faster than house price growth.

  • Nick Lenaghan

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

How it Sold

The 22nd-level, three-bedroom unit at 22F, 5 Bayview St, Runaway Bay in Gold Coast’s Runaway Bay sold at auction for $2.47 million.

Buyer plays up strata cost fears before $2.47m apartment purchase

A local purchaser of a Gold Coast unit used the threat of an extra $25,000 special levy hanging over the property to try to put his rivals off.

  • Michael Bleby
An oversized one-car garage with power on a separate title in Roslyndale Avenue in inner-suburban Sydney’s Woollahra sold off market for $500,000.

Welcome to Sydney, where a garage can set you back $500,000

The buyer of this neighbourhood space doesn’t have an electric vehicle. But enough people already do to make it an asset worth having.

  • Michael Bleby

Luxury Property

The luxury estate used by George Clooney hits Gold Coast market

Gold Coast luxury property developer Tim Gordon and his wife Karin have put their equine property Rivermead Estate on the marketing guiding above $20 million.

  • 1 hr ago
  • Bonnie Campbell
One of the two five-bedroom main residences at the $22 million Coopers Shoot property.

Over-50s lifestyle boss asking $30m for Byron retreat

GemLife CEO Adrian Puljich and wife Jessica list Byron estate for $30m, while mental health advocate Hugh van Cuylenburg and Penny Moody buy in Bangalow.

  • Bonnie Campbell
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More From Today

The luxury estate used by George Clooney hits Gold Coast market

Gold Coast luxury property developer Tim Gordon and his wife Karin have put their equine property Rivermead Estate on the marketing guiding above $20 million.

  • 1 hr ago
  • Bonnie Campbell

This Month

One of the two five-bedroom main residences at the $22 million Coopers Shoot property.

Over-50s lifestyle boss asking $30m for Byron retreat

GemLife CEO Adrian Puljich and wife Jessica list Byron estate for $30m, while mental health advocate Hugh van Cuylenburg and Penny Moody buy in Bangalow.

  • Bonnie Campbell
The 296 sqm penthouse at Macleay Street in Potts Point.

Gutted penthouse in coveted Sydney block goes on sale for $10m

The unrenovated property in Potts Point’s landmark Manar building has DA-approved plans, while a lavish Paddington home inspired by Versailles is on sale again.

  • Bonnie Campbell
Former Family First senator Bob Day.

Shadow of Bob Day clouds building sector as Collier Homes fails again

The former Family First senator’s WA building company, acquired out of liquidation in 2016, has once again gone under.

  • Michael Bleby

Tax plan casts a pall over London’s mansion market

A UK budget proposal is threatening to scare away a significant pool of investors who have been historically keen on the city’s exclusive properties.

  • Damian Shepherd
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Over 1.3 million of us arrive in Bali every year as Australians increasingly finding their way to the airport and through the Heads.

Aussies’ property gaze drifts over the foam to Bali - and beyond

Innovative Aussie firms are stepping in to meet the evolving needs of investors, offering innovative solutions to navigate the changing investment landscape.

Sponsored 

by Geonet Property & Finance Group

The “Barbie” the movie sparked a surge in demand for merchandise.

The Barbie effect: Mattel expands into mega shed

DHL has relocated its Mattel warehouse to a site 20 per cent bigger as the toy maker looks to cater for rising demand for its products after the hit movie.

  • Larry Schlesinger

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
This multi-level carpark near Queen Vic Market is expected to sell for around $120m.

Melbourne car park near Queen Vic Market tipped to sell for $120m

The large car park site at 380 Queen Street, which could support a multi-tower project overlooking Queen Victoria Market, is owned by Singaporean investors.

  • Larry Schlesinger
Victor Island sold at auction for $2.51 million.

Victor Island in the Whitsundays sold at 31pc discount to last sale

The 3.14ha island near Mackay was bought for $3.65m by Sydney-based Kingdom Developments, but sold for just $2.51m despite competition from 15 bidders.

  • Larry Schlesinger
Holes in the business case: Lutum’s directors said last month quality problems with the tile business they acquired lost them market share in NSW.

Building materials supplier Lutum goes into administration

The move by directors to try and salvage the Boral spinoff shows casualties in Australia’s precarious home-building sector have spread well beyond builders.

  • Michael Bleby and Simon Evans

What Victoria’s new commercial property tax means for investors

Victoria is abolishing stamp duty for commercial and industrial properties and replace it with an annual property tax. Now, here’s the fine print.

  • Matthew Cridland

Norway’s $2.5 trillion fund turns developer on UK trophy properties

First Brexit, then the pandemic and now higher interest rates – all these events have disrupted the plans of premium real estate investors.

  • Kari Lundgren and Jack Sidders
The Albury Mantra Hotel has 146 room as well as conference facilities

Mantra border hotel set to deliver a 15pc yield to wealthy investors

Investors in the fund that bought the Albury CBD hotel include Gabriel Jakob’s family office Hyper Capital and Malcolm Beville’s Willow FM.

  • Larry Schlesinger
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Data centre giant AirTrunk strikes major Hong Kong renewables deal

The surge in energy demand by data centres, now turbo-charged by the emergence of AI, is straining the capacity of electricity grids around the world.

  • Nick Lenaghan

Buying a unit cheaper than renting in only 11pc of suburbs nationwide

The number of suburbs where buying was cheaper than renting plummeted to just 2.5 per cent across Australia, and 10.8 per cent for unit buyers.

  • Nila Sweeney
The Light Brigade Hotel stands on the highest point in Paddington

Woollahra’s Light Brigade Hotel for sale at $20m

The imposing pub at the top of Oxford Street is on the market for the first time in almost a decade, and following an extensive renovation.

  • Larry Schlesinger
The 22nd-level, three-bedroom unit at 22F, 5 Bayview St, Runaway Bay in Gold Coast’s Runaway Bay sold at auction for $2.47 million.

Buyer plays up strata cost fears before $2.47m apartment purchase

A local purchaser of a Gold Coast unit used the threat of an extra $25,000 special levy hanging over the property to try to put his rivals off.

  • Michael Bleby
A $24m sale, with $300 million development plans: The Sunny Meadows farm and Coldstream Aerodrome in Victoria’s Yarra Valley.

Acuity Development has $300m plan for Yarra Valley aerodrome and farm

The developer, which sources both projects and investors, has grand plans for the Yarra Valley’s only sealed airstrip and neighbouring farm.

  • Michael Bleby