This Month
Auction rates crash as higher rates, Iran war takes toll on buyers
The proportion of real estate sold last weekend fell to its lowest level in 15 months amid fears the Middle East conflict will send interest rates soaring.
Luxury apartment prices jump by $125,000 as war sends build costs soaring
Rising energy costs are quickly making their way through the construction sector, posing a further threat to the feasibility of projects.
Victoria, WA, ACT lead national home-building race
Housing construction times have sped up, but Australia will still miss its five-year target, a new federal government report shows.
Relegation day: Lendlease dropped from ASX 100
The company that once dominated Australian construction and development has yet to recover from a decline that started more than two decades ago.
Melbourne homes rate long-term for investors, just not right now
Victoria’s property taxes are the nation’s highest, but industry players believe the capital city’s low prices could be a boon for investors not focused on the short term.
Justin Hemmes gets Byron Bay’s hesitant blessings
If Antony Catalano had just started building his $28 million Byron Bay compound and asked for permission later, he may have saved himself a lot in legal fees.
Rubbish trucks stand in Stockland’s way to smaller housing lots
Councils say new housing must match the infrastructure available to service it. That often comes down to roads in a subdivision - and the garbage trucks on them.
Building heights to triple at Brisbane site under latest council plan
Brisbane City Council wants to increase height limits to up to 30 storeys in one suburb, in a bid to boost housing supply.
Poaching, wage rises to hit strata as apartments boom
There’s a pick-up in new apartments coming, but it won’t last. Even so, it will add to staffing pressure in a sector already struggling to meet demands on it.
Don’t sell ‘iconic’ Defence land: Howard
Former prime minister John Howard has joined opposition to the Albanese government’s planned sale of historic military sites to raise billions of dollars.
Softer lending rules tipped to push unit completions to five-year high
The boost in activity doesn’t mean the development cycle has turned. Most new east-coast apartment projects still aren’t feasible to develop.
What Barangaroo, Brighton East, Paradise Point say about luxury units
There has been a huge increase in prestige unit sales across the eastern seaboard but wealthy downsizes are now demanding more space and high-end amenities.
Lifestyle Communities waiting for market upturn to grow, CEO says
After adding a second US property giant to its share register, the land lease operator says it has plans to expand once the market settles.
Revealed: The odds and sods of NSW public land being sold for housing
An audit of government-owned land has unlocked a defunct boys’ high school, Westconnex dive sites, terraces in Rozelle and bushy residential blocs with water views
Luxe developer plots $20m penthouse on blue-chip Brisbane riverfront
After acquiring a St Lucia riverfront site for $17 million, prolific Brisbane developer Graya is planning a luxury tower with a $20 million penthouse.
AirTrunk’s Robin Khuda brings luxe side hustle to St Kilda
The billionaire founder of the data centre powerhouse has put his foot on St Kilda’s historic Fitzroy Street with a $50 million apartment and commercial project.
What this $4.6m sale tells us about the downsizing market
The vendors moved from a family house into an apartment. But they were looking for four years until the penthouse was built – 100 metres from their home.
Developer wins over celebs but unsettles Brisbane’s old guard
Sporting stars Ash Barty and golfer Cameron Smith are among the high-profile buyers to fork out millions for one of Graya’s sleek, luxury homes.
Singo to sell out of Entertainment Quarter as it prepares for revamp
The advertising veteran was part of a consortium that paid $80 million to lease the precinct in 2014, which included businessmen Gerry Harvey and Mark Carnegie.
Inflation, oil, confidence to hit home-building, developer warns
Buyers in Australia’s main segment of affordably priced housing – house-and-land packages – are more exposed to global volatility and cost-of-living pressures.
