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Property prices

Today

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.

  • James Thomson

Yesterday

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
Property salaries are moderating as companies look to rein in costs.

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

This Month

Anthony Albanese and the house he has bought at Copacabana on the Central Coast.

Colleagues warned Albanese against home purchase

Publicly, MPs are defending Anthony Albanese for spending $4.3 million on a home in the middle of a housing crisis. Privately, many are seething.

  • Phillip Coorey
Anthony Albanese and the house he has bought at Copacabana on the Central Coast.

Albanese’s $4.3m home controversy is pure tall poppy syndrome

Financial success of public leaders is celebrated in the United States. But in Australia, it is political poison.

  • John Kehoe
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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
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
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

Auction clearance rates tipped to fall as listings rise

Preliminary clearance rates rebounded over the weekend, but the market is still headed for further slowdown as more properties get put up for sale.

  • Nila Sweeney

Mirvac’s $2b answer to the lack of three-bedroom apartments

Strong demand for bigger apartments is expected to outpace supply in the coming years.

  • Nila Sweeney

The value of the housing market hits a record $11 trillion

The value of the country’s residential market is expected to rise higher in coming years, but the rate of price growth is poised to slow in the months ahead.

  • Nila Sweeney
House prices in many suburbs on the Northern Beaches are still sharply lower from their peaks two years ago, according to CoreLogic.

The undervalued suburbs where buyers can bag bargains

Home buyers could potentially nab a good deal in these undervalued housing markets.

  • Nila Sweeney
The number of investor-owned unit listings surged in inner Melbourne and parts of Sydney, despite the overall declining trend according to CoreLogic.

Investor demand for homes outstrips supply

More investors are entering the market than are bailing out, as expectations grow that interest rates will be cut within months.

  • Nila Sweeney

Newer apartment prices to climb by 23 per cent by 2026

Lower interest rates, strong demand and supply shortage will fuel a rebound in apartment values, according to CBRE.

  • Nila Sweeney
The Struan Street home sits on almost 2000 sq m of land in Toorak.

Culinary power couple serve up quick $21m sale of Toorak mansion

It took less than a week for restaurateur Andrew McConnell and partner Jo McGann to sell their art deco Toorak home, while other mansions languish unsold.

  • Larry Schlesinger and Michael Bleby
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Why nobody’s biting in these buyers’ markets

Buying conditions have dramatically improved, but buyers are shunning markets that are oversupplied with investor units from the last boom.

  • Nila Sweeney
The owners of the townhouse at 4/50-60 Clark Road in North Sydney purchased it for $2.22 million just two years ago and didn’t intend to sell, but sold it for $2.4 million to move interstate. 

Sydney leads housing market slowdown as clearances fall

Sustained higher interest rates, a softening economy and consumer confidence are starting to bite the country’s east-coast-dominated housing markets. 

  • Michael Bleby

Three reasons the housing supercycle is just getting going

Residential property seems to have a remarkable ability to keep appreciating, whatever the weather. It will probably defy gravity even more insolently in the coming years.

  • The Economist
Sold… to the investor? Growth in loans for property investment is driving the market right now.

Housing investors borrow at highest level in more than two years

Home loans, like housing prices, lay bare the differences between Australia’s distinct residential markets.

  • Michael Bleby
House price valuations relative to incomes are at record highs. 

Tweaking the 3pc buffer rule misses the real problem with housing

Reducing the mortgage serviceability test would allow more borrowers into the market. But the test is only one part of a much gnarlier problem.

  • Lucy Dean