This Month
CoStar-backed Domain starts price war with REA Group
After years of raising prices in tandem, Domain president Jason Pellegrino wrote to agents on Monday with a blunt message: “Competition is here”.
RBA governor bought $2m holiday home on day of rate rise
Michele Bullock has added a third investment property to her portfolio after settling on a luxurious holiday home in NSW’s Northern Rivers region.
Ex-Macquarie banker drives mortgage broker roll-up Recludo towards IPO
Tim Brown says attacking the mortgage market niches with a private-equity lens can help increase broker loan books, keeping power from major banks.
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.
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.
Antony Catalano’s interwoven family and commercial interests
In four days, the Cat has gone from executive chair of Australian Community Media to checking himself into rehab following allegations of domestic violence.
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.
Real estate stars guilty of rape in case that shocked New York elite
Luxury brokers, the Alexander brothers, were accused of using drugs and force to rape scores of women they had dazzled with their wealth and opulent lifestyle.
Mortgage Choice co-founder to sell $88m mega-waterfront estate
Property investor Peter Higgins has returned his Sydney northern beaches estate to market after the last sale failed to materialise.
February
This may be how the era of 10-plus property portfolios ends
The “infinite borrowing” hack is hitting a regulatory wall as APRA moves to flush out housing-market vulnerabilities, leaving aggressive investors exposed.
Ingenia cuts dividend, promises stronger second half
While the developer experienced a decline in settlements, chief executive John Carfi believes it will pick up in the second half of the year.
The $5k option parents are using to help their kids buy homes
Some wealthier parents are paying to reduce their children’s stress of buying their first home – and it could be giving them an edge to get ahead.
Mall owner eyes upmarket apartments at Sydney’s Chatswood Chase
Vicinity Centres has formulated plans for up to 480 apartments at the upmarket north shore mall and another 1570 at Bankstown.
Change 5pc deposit scheme, IMF warns Labor
The International Monetary Fund says the government’s flagship deposit scheme will worsen housing affordability, but economists say it’s already too late.
Brookfield heavyweight splashes $28m on record-setting waterfront
Stewart Upson, the Asia Pacific head of the Canadian private capital giant Brookfield, and his wife Jemma have spent a record sum for a slice of Avalon Beach.
‘Pretty scary’: Data points show why young parents are leaving Sydney
An interactive heatmap shows how 55 per cent of Sydney is classified as “impossibly unaffordable” and many of those suburbs are fast losing residents to the regions.
‘A simpler life’: Towns where house price growth nears 50pc
Housing affordability is pushing residents out of cities and into regional hotspots, and one family who moved from Melbourne to Queensland has no regrets.
Sydney, Melbourne house price growth almost flat as cooldown begins
Nationally home values accelerated in January, but buyers in Australia’s two largest cities are already worried about the Reserve Bank’s next moves.
January
Hedge fund slams Domain-owner CoStar’s ‘disastrous’ strategy, questions CEO pay
The US billionaire hedge fund activist’s campaign to force CoStar to focus on commercial property could hurt Australia’s real estate listing group.
NIMBY threat to Brisbane’s Olympic ambitions
Heritage and other anti-development applications are eating up time as the city scrambles to be ready for the 2032 Games.
