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China tries to stem mortgage boycott with developer loans

Home buyers have stopped paying mortgages on at least 100 projects across 50 cities.

  • Qilai Shen
The three-bedroom, one-bathroom terrace house at 6 Cook Street in Sydney’s inner-western Glebe sold at auction for $2,151,000.

Serious buyers are out there – they’re just not hurrying

In a sign of how much the market has turned, the vendor of this Sydney property waited until the final week of a four-week campaign before the buyer appeared.

  • Michael Bleby

Lighthouse raises $300m for disability housing

The pace of investment into the specialised sector from institutional investors is picking up quickly, to help meet the accommodation requirements of an estimated 30,000 eligible people by 2025.

  • Nick Lenaghan


It’s a buyer’s market as auction weakness spreads

Fewer new listings and vendor discounting have helped ease tumbling clearance rates a little, but the market is still trending down. It’s a boon for buyers. 

  • Nick Lenaghan

This Month

Unfinished apartment buildings at the construction site of a China Evergrande Group development in Beijing.

China’s troubled property market has global investors on edge

Mounting signs of stress this week have roiled China’s credit markets, dragged down the nation’s bank stocks and pummeled commodities from iron ore to copper.

  • Richard Frost
The Evergrande property slump was a defining moment for Chinese economy.

China in crisis meeting with banks on mortgage boycotts

Reports of rapidly escalating refusals to pay mortgages have sparked losses in Chinese bank shares, reflecting concerns that the property crisis may spread to the financial system.

  • Bloomberg News

Rents jumped a record 12pc last year

The median asking rent of houses across all state and territory capitals jumped 12 per cent over the year to June – a record – and the equivalent figure for unit rents leaped 12.2 per cent.

  • Michael Bleby
Gamuda Land Australian general manager Jarrod Lai at its site at Fishermans Bend.

Malaysian developer sets sights on building 1000 homes by 2027

Gamuda Land’s latest project is a 200-unit tower in Melbourne’s Fishermans Bend as it hunts for more sites around the city.

  • Larry Schlesinger
It was considered one of the city’s automotive jewels, but now is among most notorious examples of urban blight in the US.

Why Detroit’s car making history faces the wrecking ball

Once one of the city’s industrial jewels, the massive Packard complex is now one of the United States’ foremost examples of urban blight.

  • Corey Williams
Geoff Lucas.

The Agency takes a $5m step across to Tasmania

The ASX-listed real estate company has made the Apple Isle its six state of operation with acquisition of the family-owned Bushby Group.

  • Michael Bleby
The Gleneagle site acquired by Villawood Properties will support 600 lots.

Villawood adds $415m of projects to Queensland residential pipeline

Victoria-based Villawood Properties is moving swiftly ahead with its interstate expansion after buying three sites in Queensland.

  • Larry Schlesinger

Hong Kong investor puts $200m into disability housing

The finance from OCP Asia represents one of the largest single investments yet into a sector that is underpinned by federal support for tenants. 

  • Nick Lenaghan
The three-bedroom apartment at 25/16-18 Harrison Street in lower north shore Sydney’s Cremorne sold at auction for $1.93 million.

An $8000 reno adds $300,000 to sale price of Sydney unit

In a lower north shore suburb with plenty of one- and two-bedroom apartments for sale, one vendor found a cheap way to attract downsizers with a third bedroom.

  • Michael Bleby
The do-it-upper terrace house with plans approved for a renovation at 192 Crown Street in Sydney’s Darlinghurst sold for $1,365,000 at auction on Saturday. 

‘Two-part’ housing market bumps along the bottom

Even as borrowing costs rise, the largest market correction in 40 years is playing out selectively, and its effects are not felt across the board. 

  • Michael Bleby
As clearance rates ease and prices fall, vendors are accepting larger discounst on their asking prices.

Buyers and sellers buckle up for the biggest correction in 40 years

Vendors are discounting, clearance rates are falling along with listings of homes for auction as unsold stockpiles up. But bargain hunters are also getting more cautious and nobody wants to get caught overpaying.

  • Nick Lenaghan and Michael Bleby
Harry Charlesworth, 22, bought an apartment in Elizabeth Bay for $45,000 below the amount the owner paid in 2020.

Harry, 22, just bought a $705k apartment without help from his parents

How this university dropout turned start-up executive bought a one-bedroom Sydney property without needing to tap his family.

  • Gus McCubbing

What history tells us about falling house prices (in five charts)

Sydney is on track to record a 15 per cent fall in prices, which would be the largest downturn on record. But past cycles provide clues about when the market is likely to recover, and what to look for.

  • Ingrid Fuary-Wagner and Les Hewitt

Deagues’ high country housing plan has a Bright future

A popular destination for tourists throughout the year, Bright is the gateway into nearby snowfields during winter as well as for outdoor activities such as hiking and cycling.

  • Nick Lenaghan
Crowded out: Australia’s first home buyer measures pull forward demand of existing home buyers, rather than open up ownership to less-wealthy people.

First home buyer grants help vendors more than buyers

A new report makes clear that Australia’s inability to provide secure housing for lower-income people puts it at a competitive disadvantage to other countries.

  • Michael Bleby

This one choice could save you $67,375 on your first home

NSW will offer first home buyers the option of paying an annual land tax rather than stamp duty if they buy a property worth up to $1.5 million. Which should they choose?

  • Updated
  • Campbell Kwan