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Property market

This Month

Auction sales have dropped to their lowest level in 15 months, outside of normal low-volume holiday periods.

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.

Millie Rose Bannister.

Economists found a ‘give up’ cliff. Young Australians are teetering

There is a tipping point where young people, overwhelmed by the widening gap between effort and outcome, begin to disengage from traditional financial goals.

The WA premier is urging gas giants to develop their unused fields off the state’s north-west.

Stand up to whinging gas giants

Readers’ letters on a controversial drawing in The Australian Financial Review, gas tax, replacing Jacinta Allan, and self-managed superannuation funds.

Looking to the exit: Tony Lombardo is stepping down from his role as CEO of Lendlease.

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.

Steel suppliers have lifted prices by as much as 15 per cent in the past fortnight, with more to come, as fuel costs soar and inflation works its way right through the construction industry.

Iran fuel crisis points to higher construction, home building costs

Energy prices and the cost of freight have soared since the conflict in the Middle East, leaving building materials companies scrambling to pass on the bill.

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The six-bedroom, three-bathroom house at 3 Butterley Place in southern Canberra’s Wanniassa sold prior to auction for $1.29 million.

Rush to buy before rate rise pushes house $300k over guide

Buyers scurried to make offers on this family home, fearing they’d lose financing power after the Reserve Bank’s impending meeting.

Home price growth flattens as buyers diminish, sellers rush market

Uncertainty stemming from the Middle East war is reducing home buyer numbers as vendors rush to sell and real estate agents warn of higher construction costs.

Melbourne’s investment properties have the highest taxes in Australia, but they could have the best long-term growth.

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.

Lender circles Clayton Larcombe’s $40m Bellevue Hill estate

The venture capitalist and his wife’s high-profile mansion listing has turned into a mortgagee-in-possession sale, as their Bowral mansion is pulled from the market.

Planning changes could mean taller apartment towers near Westfield Carindale on Brisbane’s southside.

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.

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.

The two-bedroom unit in a complex of four at 4/21-23 Braid Hill Road in north-eastern Melbourne’s Macleod sold at auction for $750,500.

Disclosing reserve boosted the price of this $750,500 unit

There’s a change coming that will force some vendors to show their hand before an auction. But one deal shows that’s not necessarily bad for them.

The four-bedroom, four-car garage house on 558 square metres at 5 Glover Court, Toorak, VIC, sold for $12.4 million. 

‘Fear and anxiety’ grip auction market

Higher rates and soaring fuel prices are weighing on consumers’ minds. And that’s showing in the housing sector.

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.

Ausco owned by Brookfield is a big player in portable buildings, including offices, accommodation and first-aid rooms. 

Brookfield shops $500m-a-year portable building giant Ausco Modular

Ausco is one of the biggest players in portable buildings in Australia. It’s hit the auction block as its London-based parent tries to lower debt levels.

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Sydney, Melbourne house prices tipped to slow amid global ructions

With war in the Middle East, an oil shock and expectations of higher inflation and rate rises, economists are revising their house price forecasts for 2026.

The five-bedroom, two-bathroom house on 632 square metres at 9 Davies Street in inner south-eastern Melbourne’s Malvern East sold before auction for $4.6 million.

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.

Sydney’s preliminary auction clearance rate hit 74.3 per cent.

Auctions bounce as buyers brave interest rate worries

The strength of the market will be more firmly tested over the coming week, with about 2900 homes scheduled to go under the hammer.

CBA CEO Matt Comyn at the Financial Review Business Summit on Tuesday.

Macquarie tells CBA’s Comyn to ‘bring it on’ amid intense mortgage war

The financial services giant’s chief executive, Shemara Wikramanayake, issued a tacit rebuke of concerns that it was getting an easier run from regulators.

The five-bedroom, one-bathroom terrace house on 210 square metres at 83 George Street, in inner-southern Sydney’s Redfern sold before auction for $3.4 million.

Why a neighbour jumped to buy this $3.4m home

Locals often provide the strongest buyer pool for a property and will hustle to make a deal work, if a listing is the right one for them.