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Property

Residential

This Month

The next capital city at risk of house prices falling

Weaker demand and substantial increase in available stock for sale could push prices lower in this city before rates fall, experts say.

  • Nila Sweeney

Luxury apartment in Gurner complex offered at $1.3m discount

The Saint Moritz development, popular with Melbourne’s elite, boasts a 25-metre pool and a bar. But it has also been the subject of complaints about defects.

  • Primrose Riordan and Campbell Kwan
The Sydney suburb of Caddens.

Home lot sales are increasing – in the cheaper cities

Soaring land prices are prompting a structural shift in housing away from the country’s largest cities.

  • Michael Bleby
Orchard Piper’s Toorak Village topped out in December.

Mother-daughter duo spend $17m on two off-the-plan Toorak apartments

Wealthier buyers are snapping up luxury apartments in good locations, with this project in Melbourne’s most prestigious suburb now close to selling out.

  • Larry Schlesinger

Home listings pile up in Sydney and Melbourne amid falling prices

The build up of stock levels was partly fuelled by properties that failed to sell late last year as well as a potential rise in motivated sellers.

  • Nila Sweeney
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Victoria has shed 20,000 properties from the state’s rental stock over 18 months.

Victoria loses 20,000 rental properties in 18 months

Investors selling in the short term is not likely to impact rents, but a longer-term reduction in the state’s available stock could.

  • Michael Bleby and Campbell Kwan
Los Angeles mayor Karen Bass and California governor Gavin Newsom tour the downtown business district of Pacific Palisades.

Los Angeles pushes to rebuild homes fast, despite wildfire danger

Even climate-conscious California is willing to forgo some green rules to enable its large-scale recovery. But experts warn of the need for wildfire defences.

  • Todd Woody, Eliyahu Kamisher and Michelle Ma
The new breed of modern designs are a far cry from their predecessors.

Modular homes can shelter us from housing’s perfect storm

There are few alternatives that can deliver housing as fast, or as cheaply, as going modular.

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by Fleetwood

Tenants will have the option to pay and claim rent online from mid-next year.

The suburbs where renters saved $800 in three months

A sharp decline in asking rents has turned a string of inner Sydney and Melbourne suburbs into tenants’ markets.

  • Nila Sweeney

The suburbs where home buyers want a tennis court above all else

Property searches for homes with tennis courts climbed sharply last year, but they are harder to find.

  • Nila Sweeney

ResMed exec splashes $24m on Westfield heirs’ mansion

Justin Leong has taken the keys to the Bellevue Hill mansion sold by the daughters of late Westfield co-founder John Saunders.

  • Bonnie Campbell
Childcare entrepreneur Brendan McAssey and his wife have purchased 10 Noosa Parade, Noosa Heads QLD. 

Childcare entrepreneur adds $22.5m Noosa waterfront to luxury cache

Brendan McAssey and his wife Elizabeth Ong have expanded their portfolio of luxury homes with a $23m Noosa riverfront mansion.

  • Bonnie Campbell

Music pioneer smashes Bangalow record with $15m luxury farm purchase

Industry entrepreneur Tom Misner has returned to the Byron Bay hinterland picking up the sprawling 12-hectare retreat, Rockpool Farm.

  • Bonnie Campbell
A resident outside their home destroyed during the Eaton Fire in Altadena on January 8.

Real estate vultures eye middle-class enclave of ravaged LA

Los Angeles has already gone through waves of gentrification. The fires could push residents grappling with an affordability crisis to the brink.

  • Michelle Ma, Jennifer Epstein and Kelsey Butler
Sydney’s six-year-high volume of listings indicates a weak autumn market, Domain says.

Sydney’s six-year high in listings points to weak autumn market

The tide has changed for choice and buyers in the country’s largest city have the upper hand – at least, until rates fall.

  • Michael Bleby
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Hirsch & Faigen’s off-the-plan project at Mermaid Beach, Queensland, is one of the developments on the Coposit platform.

Proptech Coposit’s capital raising upsized to $14 million

The round follows three years of bootstrapped growth by property developer brothers Chris and Dan Ferris and marks the first time Coposit has taken institutional-level external funds.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
This Coolong Road home was last sold by the Fairfax family for $18 million in 2022.

Lawyer John Landerer lists $23m Vaucluse mansion with hard-won DA

Purchased from the Fairfax publishing family in 2022, the home of prominent commercial lawyer John Landerer has returned to market guiding $23 million.

  • Bonnie Campbell
Optus Stadium (main) and Australian Rugby World Cup 2027 bid advisory board member Phil Kearns (inset).

Bidding war looms for home builder AVJennings

Singaporean group Ho Bee Land has trumped a bid by Propium Capital Partners.

  • Larry Schlesinger
No cars outside Brixton Market: The local Lambeth Council has expanded parking restrictions in the southern London suburbs.

Why some Londoners pay more to park than their neighbours

A string of UK local authorities have begun imposing emissions-based parking schemes in the name of net zero, but critics say they’re just to raise revenue.

  • Matt Oliver
A house that fell down a hill during a landslide in McCrae.

Luxury home taken off market after catastrophic landslide

A local agent has been forced to pull a luxury home on Victoria’s Mornington Peninsula from the market after it was damaged by a house that collapsed in a landslide.

  • Larry Schlesinger and Patrick Durkin
Few analysts forecast a fall in Melbourne house prices in 2024.

Why housing economists got it wrong on Perth, Melbourne prices

Some of the country’s top economists missed the boom in Perth house prices in 2024, and almost no one expected Melbourne values to fall.

  • Larry Schlesinger
Prominent investor Alex Waislitz and property developer Tim Gurner. Mr Waislitz has accused Mr Gurner’s Gurner Group of delays and defects at its Saint Moritz development.

Alex Waislitz and Tim Gurner feud over luxury St Kilda tower

The wealthy businessmen are at loggerheads over problems at the Saint Moritz development. Mr Waislitz says Mr Gurner is trying to silence residents.

  • Primrose Riordan and Sarah Thompson

Noosa record set as Metricon family buys designer hinterland home

Metricon’s Ross Palazzesi and his wife Jennifer have reset Noosa’s hinterland record, paying $11.2 million for a designer mansion in Doonan.

  • Bonnie Campbell

Famed gardener Jack Merlo buys Myer family’s $20m Toorak home

It is the latest in a string of significant properties linked to the renowned landscape architect and his husband, Ricardo.

  • Bonnie Campbell
This Noosa home sold for $16.9 million.

Virgin CEO Jayne Hrdlicka lands on $17m Noosa holiday home

The business heavyweight, who also chairs Tennis Australia, has paid $16.9 million for a slice of Queensland’s famed Little Cove.

  • Bonnie Campbell