The Rich Lister who died over the weekend aged 78 spotted change before most people and enjoyed the freedom of a private company to move quickly to tap it.
- Jan 28, 2024
- Michael Bleby
- Updated
- Rich Listers
Billionaire property developer Lang Walker dies at 78
The real estate tycoon and founder of Walker Corporation shaped much of postwar Australian suburban living.
- Updated Jan 28, 2024
- Michael Bleby and Fiona Carruthers
This Month
- Tax cuts
Tax cuts to reduce property ‘distressed listings’
The revised stage three cuts could lift sentiment and reduce distressed sales, experts say.
- Jan 25, 2024
- Nila Sweeney
- Exclusive
- Luxury property
Bruce McWilliam lists $14.5m Woollahra house
Seven West Media’s commercial director and his wife, Nicky, have listed a Woollahra property to free up capital ahead of their next prestige purchase.
- Jan 24, 2024
- Bonnie Campbell
- Lunch with the AFR
How Rob Curtain became real estate agent to Melbourne’s wealthy
Rob Curtain didn’t have the best start in real estate - he bought his wife a house as an engagement present, then lost it 12 months later.
- Jan 24, 2024
- Michael Bleby
- Exclusive
- Luxury property
Energy guru takes keys to ex-Star CEO’s record-setting Sydney home
Energy expert Olivia Kember has emerged as the record-setting $13.5 million buyer of former Star Casino boss Matt Bekier’s converted warehouse in Sydney’s inner west.
- Jan 24, 2024
- Bonnie Campbell
- Industrial
Bunnings landlord BWP to buy Newmark, create $3.5b portfolio
The trust spun out of the Wesfarmers-owned retailer in 1998 said the deal would boost scale and diversity and give it access to a high-quality, complementary portfolio.
- Jan 24, 2024
- Michael Bleby
- Street Talk
Newmark manager gets lucky; MS, Highbury stitch up big-premium merger
Newmark listed the REIT in December 2021 at an issue price of $1.895 and has slowly watched the share price fall 25 per cent to $1 at the end of 2023.
- Jan 24, 2024
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Property prices
Sydney median house price hits record
Sydney houses cost twice as much as apartments after hitting a new high in December quarter, making it tougher for unit owners to upgrade to a detached home.
- Jan 24, 2024
- Nila Sweeney
- Opinion
- Chanticleer
Why more bad news for office property isn’t what it seems
A 19-year high in office tower vacancy rates hides a more nuanced story of what’s really happening in our cities. Is it time for investors to take a fresh look at the sector?
- Jan 24, 2024
- James Thomson
- Exclusive
- Office
CBD office vacancies highest since 1995
Sydney’s core precinct posted a slight recovery in office vacancy rates in the final three months of 2023, but that was offset by the number of leases not being renewed for the rest of the CBD.
- Jan 23, 2024
- Campbell Kwan
- Property development
Home builders face an extra cost burden this year
Housing sustainability reforms set to come into effect this year will pit short-term cost against longer-term gains.
- Jan 23, 2024
- Michael Bleby
- Luxury property
The suburbs where premium houses gain $3m more than average homes
The top 5 per cent of the housing market by value increased faster than regular homes, boosted by their scarcity and strong demand, new figures show.
- Jan 22, 2024
- Nila Sweeney
- Property market
How a hot wellness trend is taking over in real estate
The real estate industry has picked up on the Blue Zone tag created to flag places with healthy lifestyles. But is it any more than a marketing tactic?
- Jan 22, 2024
- Jane Margolies
- Property market
Sydney house prices to climb 16pc in three years
Expected interest rate cut this year, combined with growing shortage of stock would lift house prices across the country, according to Oxford Economics Australia.
- Jan 22, 2024
- Nila Sweeney
- Property tax
States stand by ‘discriminatory’ taxes for foreign property buyers
The IMF criticised states for charging overseas buyers higher imposts on housing, saying it does nothing to boost affordability. The states agree – mostly.
- Jan 21, 2024
- Michael Bleby
- Luxury property
Pool or tennis court: which adds more value to your home?
Amenities such as tennis courts require a larger plot of land, but it’s not clear if they command as much of a premium as a pool.
- Jan 21, 2024
- Michael Bleby
- Exclusive
- Retail property
$3.5b of offshore dry powder looking for shopping centre deals
Foreign investor confidence in Australian malls is rising after more than $3 billion worth of retail assets sold in the December quarter alone.
- Jan 21, 2024
- Campbell Kwan
- Exclusive
- Luxury property
$20.5m Mornington Peninsula property sells after price guide cut
The sale shows that even prime coastal properties are not immune to the weakness in hit the wider residential market as borrowing costs have soared.
- Jan 21, 2024
- Michael Bleby
- Property market
House prices on the coast plunge as much as $600,000
Holiday homes in Byron Bay and other popular beach spots are cheaper than they have been in years as rates and a post-pandemic return to the city turn the market down.
What is the average house price in Adelaide?
Adelaide house prices - November 2023.
Why are houses in Australia so expensive?
Why are Australian houses so expensive? Australian house prices have been steadily rising year on year as a growing population lifts demand for housing while supply has not kept up with the requirement. A decline in interest rates over the last two decades has also boosted the number of buyers in the market.
Which website has the most accurate home value Australia?
Here are some credible sources of accurate property data in Australia:.
Lendi. Lendi is primarily an online platform where you can also get a property value report if you want to know how much your property is worth..
Domain. ... .
Realestate.com.au. ... .
CoreLogic. ... .
Statista..
How much is the average house price in Melbourne?
Median price snapshot Median property prices over the last year range from $961,000 for houses to $510,000 for units. If you are looking for an investment property, consider houses in Melbourne rent out for $700 PW with an annual rental yield of 4.0% and units rent for $600 PW with a rental yield of 6.6%.