Buyers Step Back as Listings Surge and Tax Policy Looms Large
Home buyers are sidestepping the property market as sellers test conditions and the specter of tax changes creates hesitation
Property markets, housing, and real estate
Home buyers are sidestepping the property market as sellers test conditions and the specter of tax changes creates hesitation
A vacant house frame with no walls, floors or doors sold for $2.3 million in Bulimba on Saturday, underscoring the intensity of demand in Brisbane's overheated inner suburbs.
Vienna's decades-long commitment to public housing offers a stark contrast to Australia's rental crisis, where social housing now makes up just 2% of new dwellings compared to 22% in the 1950s.
Australian property prices continue climbing despite rate rises, but mortgage stress is projected to spike sharply if the RBA continues hiking as expected, imperiling millions of households.
Brisbane's Fortitude Valley is set to add co-living housing to address a gap in the rental market, with major developments offering fully furnished one-bedroom units and communal spaces.
NSW will force property sellers to advertise price guides and dramatically increase penalties for underquoting, following an investigation that revealed nearly half of Sydney auctions sell above guide prices.
A Brisbane buyer missed his deposit deadline by one day, then made it worse by trying to force the sale through court instead of negotiating a refund. The judge sided with the seller.
A pair of rundown Carlton terraces sold for $1.705 million after competitive bidding between four parties, signalling renewed investor confidence in Melbourne's inner-north suburbs.
An apartment 300 metres from Coogee Beach sold for $2.365 million after a local downsizer bid against themselves, bucking broader market softness in Sydney.
Rental pressure across Australia has created an unusual situation in certain suburbs: mortgage repayments are now cheaper than rents. The phenomenon is most pronounced in inner Melbourne.
New data shows 39% of Melbourne vendors increase asking prices after auction pass-ins. It's a counterintuitive move that signals deeper problems in how Victorians buy and sell homes.
Off-market property sales have become mainstream in Sydney, with new research showing one in five homes sold privately. While the trend offers benefits, experts warn buyers need caution.
Investor lending has surged to 39% of new mortgages as property investors race to buy before tax changes. Meanwhile, first-home buyers face deposit timelines stretching to seven years and mortgage repayments consuming up to 62% of household income in Sydney.
Australia's property sector is pouring $1.8 billion into student housing, yet rents for students in Sydney remain at $900 to $1,800 per month. A closer look at whether investment can fix the crisis.
Australia's rental market has reached a breaking point. Renters are now spending a record 33.4% of pre-tax income on housing, with Sydney rents hitting $817 a week. Here's what you need to know about your rights and practical options.
A Perth mother of two faces homelessness after her rental accommodation is demolished, highlighting the desperation of families caught in Western Australia's worsening housing crisis.
A 70-metre residential tower has been approved for a Newstead site that was home to a boxing gym destroyed by fire in 2019, just metres from The Triffid live music venue.
Research shows buying a unit can cost less than renting in selected Australian suburbs, particularly in Melbourne and western Sydney, but this opportunity depends heavily on building supply and remains unavailable to most Australians.
Australia's property market is splitting into two economies. Auction clearance rates have eased in March as Sydney and Melbourne show flat prices, while Brisbane and Perth continue to surge. What this means for buyers and investors.
More homeowners are listing properties in Sydney and Melbourne, suggesting they believe prices have peaked. New forecasts predict price falls ahead.