Latest
ACT abolishes stamp duty for first home buyers
It’s the latest move by the territory government in its 20-year tax reform transition program to phase out stamp duty in favour of higher rates and land taxes.
‘Danger money’: Why Lendlease will need to pay its next CEO more cash
The struggling company needs its next CEO to take a risk and they’ll want more than outgoing boss Tony Lombardo received. But shareholders may not be happy.
This investor planned to buy an old home. The budget changed his mind
The chief commercial officer for an ASX-listed company has changed his investment strategy. He’s not alone, but experts say it won’t be enough to improve supply.
Economists say property prices might fall 10pc. So what?
With property prices up 400 per cent since 2000, what does a drop actually mean? And what happened last time governments made major changes to property taxes?
Oxford Street has had its ‘Madonna moment’ – is it finally back?
A $200 million retail and commercial bet to revive Sydney’s iconic strip left it in the doldrums for five years. But is it time for this diva to rise again?
‘IKEA flat pack of housing’: Couple save $250k with shed-house build
A Victorian couple were planning to build their retirement home the traditional way. Instead, they pivoted to a self-assemble abode, saving time and money.
How it Sold
New duplex sells for $730,000 in post-budget investor battle
Out with the old and in with the new: the focus of property profit-takers changed overnight after last month’s federal changes.
Fear drives first home buyers to pay $666,000 for unit
The last apartment to sell in this building fetched $515,000 in a stronger market. But that was before budget changes made tenants worry about rents a lot more.
Luxury Property
Sydney power couple pay $41m for mansion with 16-car garage
Former investment banker Paul Christie and his wife Nicola Mace have taken the keys to a world-class mansion in Sydney’s east.
Supercars team boss to sell $11.5m beachfront pad
If it hits its price guide, Megan Foster’s waterfront home in the city’s south-east could become the biggest sale in the bayside suburb in four years.
More From Today
Sydney power couple pay $41m for mansion with 16-car garage
Former investment banker Paul Christie and his wife Nicola Mace have taken the keys to a world-class mansion in Sydney’s east.
Yesterday
Supercars team boss to sell $11.5m beachfront pad
If it hits its price guide, Megan Foster’s waterfront home in the city’s south-east could become the biggest sale in the bayside suburb in four years.
This Month
New duplex sells for $730,000 in post-budget investor battle
Out with the old and in with the new: the focus of property profit-takers changed overnight after last month’s federal changes.
Two Sydney venues of bankrupt publican Jon Adgemis in new hands
The South Bondi Hotel at Bondi Beach and the Empire Hotel in Annandale have finally sold after a previous deal failed to settle.
Inside the $30m weekender an hour’s drive from Sydney
Food packaging entrepreneurs Ted and Jenny Nathan have called time on their ultimate Sydney weekender hidden in the NSW Central Coast hinterland.
‘Someone is stealing my signs’: Brisbane estate agent claims foul play
A Brisbane realtor who used location trackers to find her missing signage has confronted a rival agency in a viral social media video.
Labor’s $10b housing fund has completed just 1432 homes
The federal government agency also disclosed that fewer than half of projects awarded in September 2024 – for 13,700 homes – have progressed to financial close.
Housing minister’s $375,000 capital gain
Clare O’Neil’s clever assertion that she owns only one property obscures the 2023 capital gains windfall she got from an investment unit in East Melbourne.
Sonoma Bakery founders pay $13m for outgoing Lendlease CEO’s Sydney mansion
The founders of the popular artisan bakery have purchased Tony Lombardo’s historic east Sydney mansion, which sits on the coveted Elizabeth Bay loop.
Victorian investors face extra land tax hit from budget
Unintended consequences at the state level, from the federal budget changes last month, show why tax reform is needed, an accountant says.
Asking prices drop as cooling market turns in buyers’ favour
Vendors are lowering their price guides and buyers are negotiating discounts as the post-budget sentiment weighs on an already sluggish housing market.
Deague family to sell $33m Toorak estate after buying $21m penthouse
The prominent Melbourne property developers have listed their family estate after 30 years and plan to split their time between the city and the beach.
Motel boom attracts young couple escaping corporate rat race
Aleks Stevanovic and Steve Penna are living their best lives in regional NSW, swapping their former jobs to run a motel and spend more time with their children.
Eurovision queen Delta Goodrem buys $11m Sydney mansion
The popular Australian singer-songwriter and her husband, Matthew Copley, have splashed out on a French-inspired home in the elite eastern suburb of Rose Bay.
Multiplex gets $500m in cash boost over three years of loss
The disclosures raise questions about how long Brookfield will keep funding the builder it owns, which it has already tried to sell, as the outlook weakens.
Newly minted Sydney billionaires go shopping for malls in $126m deal
It’s taken two decades to build a $5 billion property platform. Debuting on the Rich List last week at No. 66, these cousins show no sign of slowing down.
Singapore’s Jaleel family snaps up two Australian hotels for $100m
The group is rapidly building an interest in Australia’s hospitality sector through a succession of deals in capital cities over the past six months.
Global funds giant Barings lands $1.5b suburban Melbourne airport deal
Moorabbin Airport’s 294-hectare landholding in Melbourne’s south-east is highly valuable real estate. Barings says aviation will remain part of its future.
Australian architects build affordable housing in Trump’s America
Public housing in the US is not for the faint-hearted. The formal opening of these 187 units had to be cancelled because of ICE raids sweeping through the area.
Lendlease takes $175m hit on Italian job
Lendlease’s global sell-down of assets, which aims to return funds to shareholders after decades of value destruction, is not going to plan.
