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Property buying and selling intentions are at multi-year lows.

How high house prices and loser landlords drive this property bet

Anthony Albanese’s house purchase underscores the grim reality facing many buyers. One entrepreneur wants to help – and make big returns for his investors.

  • 49 mins ago
  • James Thomson
The rate of price growth is already slowing, even in the strongest markets.

House price growth to slow to 5pc nationally: experts

The pace of house price growth is slowing as affordability constraints and high borrowing costs take the edge off strong underlying demand.

  • Nick Lenaghan

Six weeks for a housing approval? This council guarantees it

There are many reasons housing projects can be delayed, but one Melbourne municipality is doing what it can to prevent them.

  • Michael Bleby

Chin Chin for Canberra: Chris Lucas’ grand restaurant plans

The restaurateur is opening his first Canberra eatery and working with QIC on another diner there.

  • Updated
  • Larry Schlesinger

Goodbye Sydney: warehouse owners priced out of town

The resulting transport and storage charges will flow on to the cost of living in Sydney, even to the cost of building a new home.

  • Updated
  • Robert Harley

Property pay moderates as companies tighten their belts

Average wage increases fell for the second time this year as companies sought to be more sustainable, a survey of 1700 businesses has found.

  • Larry Schlesinger

How it Sold

The two-bedroom apartment with garden access and one off-street car park at 1/53 The Esplanade in lower north shore Sydney’s Mosman sold at auction for $3,310,000.

Unliveable apartment with no kitchen sells for a ‘surprising’ $3.3m

Buyers, gaining confidence about the direction of the market and interest rates, are starting to spend big. Especially on dumps in great locations.

  • Michael Bleby
Simon and Sandy have just sold their Leabrook home for a second time, having moved out of it and then buying it back in 2022.

Couple makes $2m selling the same home twice in a decade

It seemed like a good idea to go back to their old family property, but this empty-nester couple discovered it wasn’t what they had hoped it would be.

  • Michael Bleby

Luxury Property

London’s prestige property king goes ultra-lux in Dubai

Nick Candy, one of the developers behind London’s One Hyde Park, is aiming high in the Middle East.

  • Jack Sidders and Zainab Fattah

Where home buyers can snag the best beach house bargains now

House prices in some of the most popular coastal suburbs are starting to rise, but buyers can still find sharp discounts.

  • Nila Sweeney
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This Month

A fine line: builders need to be able to propose rezoning to state governments to overcome local council objections, the BCA says.

Put rezoning in hands of home builders, BCA says

Unlocking more land for development is one way to lower hurdles to new housing at a time when high costs render many new projects unviable.

  • Michael Bleby
Mirvac chief executive Campbell Hannan says big government spending on infrastructure is holding back the delivery of homes.

Housing crisis could run eight more years: Mirvac boss

Mirvac chief executive Campbell Hanan has warned that if governments do not pare back infrastructure spending, then housing shortages could run for much longer.

  • Campbell Kwan
Dominos CEO Don Meij’s Bel Air mansion still on the market with a reduced price.

Rupert Murdoch, Don Meij stung in flat US prestige market

Deluxe foreign homes of corporates are flooding in for sale. Shame about demand.

  • Mark Di Stefano

London’s prestige property king goes ultra-lux in Dubai

Nick Candy, one of the developers behind London’s One Hyde Park, is aiming high in the Middle East.

  • Jack Sidders and Zainab Fattah

Executives and research disagree about hybrid work. Why?

Almost five years since the start of the pandemic, many CEOs are ready to move on from a work experiment they never wanted to start.

  • Lauren Hirsch
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Serial renovators Sharon and Chris Reay at their newly purchased home. They say they were able to buy their home from cutting costs via renovations.

How this young family got $200,000 off their dream home

Sharon and Chris Reay had struggled to sell their recently renovated home as prices declined, but that same market also let them buy in their dream locale.

  • Campbell Kwan
James Kelly.

Gloss comes off ‘success story’ in baby boomer housing

The pioneering developer of affordable accommodation for downsizing Baby Boomers is ending his tenure after a tough year.

  • Michael Bleby
Greystar Australia managing director Matt Woodland has signed the giant’s biggest deal on Australian shores.

Future Fund-backed Greystar to buy GIC’s $1.6b student digs business

The Matt Woodland-led Greystar, advised by Macquarie Capital, is understood to be in the final stages of raising the capital required – split evenly between debt and equity.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

Where home buyers can snag the best beach house bargains now

House prices in some of the most popular coastal suburbs are starting to rise, but buyers can still find sharp discounts.

  • Nila Sweeney
Veriu CEO Zed Sanjana says he is talking to six office landlords in Melbourne.

How to turn an empty office tower into a hotel

Veriu boss Zed Sanjana says incentives along with changes to planning rules and building codes are needed to encourage the repurposing of more office buildings.

  • Larry Schlesinger
Japan has created a special visa for digital nomads.

Japan joins the race to woo digital nomads

Meet-ups, start-ups and special visas. Japan is doing everything it can to attract the work-from-anywhere crowd.

  • Yuichi Negi
Traffic at the Dubai International Financial District.

Dubai’s allure to expats is weighing on city’s infrastructure

A glut of expats has sent property prices soaring. Competition is hot for school admissions, public transport is limited and roads are jammed.

  • Abeer Abu Omar and Zainab Fattah
New homes in Wyndham Vale, on Melbourne’s fringe.

How we could free up 50,000 new home mortgages

The government looks at flawed schemes to boost housing demand without thinking of how to increase the supply of mortgages.

  • Andrew Bragg
Prime Minister Anthony Albanese and his fiancee Jodie Haydon have paid $4.3 million to buy a house on the NSW Central Coast.

‘I know what it’s like to struggle’: PM defends $4.3m beach house

Anthony Albanese says he is neither contemplating retirement nor has he forgotten his upbringing. His new house is close to his fiancée’s family.

  • Phillip Coorey and Campbell Kwan
John Gillam, the new chairman of Lendlease.

Lendlease investors backed Vik Bansal for chairman’s role

The property giant’s share registry remains polarised, and the appointment of chairman John Gillam has become a new flashpoint.

  • James Thomson
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Investors can capitalise on different market cycles by owning property in multiple states.

Why now might be the time to buy property in Melbourne

Perth, Adelaide, and Brisbane might have been market darlings all year, but Melbourne holds more value than it appears on the surface.

  • Jarrod McCabe
New homes in Wyndham Vale, on Melbourne’s fringe.

Name and shame plan to speed housing approvals won’t work, states say

Victoria, Queensland, WA and SA have rejected the idea of publishing the housing approval records of local authorities.

  • Michael Bleby, Tom Rabe and James Hall
Armadale Cellars owner Phil Hude says work from home has hugely benefited many suburban retail strips

Working from home brings suburban strips back to life

Vacancy rates on affluent retail strips such as High Street Armadale in Melbourne are plunging as more people work from home and shop locally.

  • Larry Schlesinger

The holy answer to Britain’s housing crisis

While the Church of England’s pro-housing mindset is nothing new, the ambitions of the government pave the way for more building in the coming years.

  • Joe Wright
Outgoing Lendlease chairman Michael Ullmer with his successor, John Gillam.

From Bunnings with love: New Lendlease boss wants reset, then growth

New chairman John Gillam has backed chief executive Tony Lombardo to oversee the turnaround. Long-suffering investors will want to see accountable results.

  • James Thomson