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Property News | Latest Real Estate News and Property Market Analysis | The Sydney Morning Herald
Property News | Latest Real Estate News and Property Market Analysis | The Sydney Morning Herald

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Australia’s home of property news, advice and insights

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How - and why - it just got even harder to buy a home in Australia

How - and why - it just got even harder to buy a home in Australia

Would-be home buyers have been hit by a lose-lose situation since interest rates began to rise and future cuts may not act as previously expected.

  • by Jim Malo and Tawar Razaghi

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Family spend $7.1m to upgrade from a unit to Chatswood family home

Family spend $7.1m to upgrade from a unit to Chatswood family home

The family paid $1.1 million more than the price guide, but only $200,000 more than the vendor’s reserve for the five-bedroom house.

  • by Carmen Forward
First home buyer beats downsizer to pay $1.28m for Richmond terrace

First home buyer beats downsizer to pay $1.28m for Richmond terrace

The two bidders were locked in a tight race on Derby Day, but the first home buyer won and landed the two-bedroom Victorian home close to Bridge Road.

  • by Shona Hendley
West End fixer-upper needing new roof sells for $2.36 million in nail-biting auction

West End fixer-upper needing new roof sells for $2.36 million in nail-biting auction

Five potential buyers battled it out for the fixer-upper in West End, but on the Gold Coast the $4.3 million Burleigh Heads retreat of Bec and Lleyton Hewitt failed to attract a single bid.

  • by Sarah Webb
Property boss sells $15m two-bed beach house, buys $32m digs down the road
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Property boss sells $15m two-bed beach house, buys $32m digs down the road

There are only seven houses that line the waterfront on Palm Beach’s Waratah Road, so when one is for sale it’s with good reason.

  • by Lucy Macken
Sydney suburbs where house prices rose – and fell – most

Sydney suburbs where house prices rose – and fell – most

Home-buying hopefuls are feeling the pressure of sustained high interest rates and high Sydney house prices, and it’s affecting where they look.

  • by Kristy Johnson and Elizabeth Redman
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The Melbourne suburbs where house prices have fallen most

The Melbourne suburbs where house prices have fallen most

Popular inner-city suburbs topped the list, and agents say it’s because owners of the best homes are holding out for a better time to move.

  • by Jim Malo
First home buyer nabs Coburg cottage for $1.065 million

First home buyer nabs Coburg cottage for $1.065 million

The agent took a punt of a different kind on Derby Day by taking the home to an online auction, reminiscent of Melbourne lockdown days, and it paid off.

  • by Sarah Webb
Dad buys $2.9m Marrickville house for daughter minutes after first viewing

Dad buys $2.9m Marrickville house for daughter minutes after first viewing

The Bellevue Hill father inspected the four-bedroom house for the first time just half an hour before the auction on Saturday morning. The guide was $2.2 million.

  • by Kristy Johnson
Meet Sydney’s teenage trophy home shoppers spending millions – in cash
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Meet Sydney’s teenage trophy home shoppers spending millions – in cash

Interest rates are tipped to stay high next week, but that won’t worry high-end buyers paying as much as $19 million for their dream homes.

  • by Lucy Macken
Sydney house prices drop for first time in almost two years

Sydney house prices drop for first time in almost two years

Sydney and Melbourne house values are both falling as a run-up in advertised stock and high interest rates put a brake on ever-increasing prices.

  • by Shane Wright