Yesterday
He promised big returns. Then millions of dollars disappeared
Paul Giezekamp promised to deliver a fortune developing land into townhouses. Instead, liquidators allege he spent the money on “personal expenditure”.
This Month
‘Out of the ballpark’: Toorak knock-down resets land rate record
The home on exclusive cul-de-sac Kenley Court has sold at private auction, pushing the per-square-metre land rate record to $17,000.
Sydney’s $40m-plus trophy deals defy pre-election trend
A string of top-end home sales in the eastern suburbs flies in the face of the usual market lull before polling day.
Bruce McWilliam buys the worst house in Bondi Beach
Former Channel Seven commercial director Bruce McWilliam has added a dilapidated ex hoarder’s house to his blue-chip property portfolio.
Largest builder in NSW seeks land-banking clarity
Newcastle-based NEX Building Group is concerned about a ‘sting in the tail’ of this week’s budget announcement.
Has Albanese given up on the housing crisis?
Yes, much of the problem is out of everyone’s hands. Even so, there’s a paucity of policy in the latest budget to help get Australians into the market.
Melbourne’s Southbank to get $1.5b high-rise with nearly 500 apartments
Developer PDG has moved swiftly to formulate plans after picking up a prized site on Melbourne’s Southbank from US giant Blackstone, the owner of Crown Resorts.
TV star Edwina Bartholomew swaps Woollahra unit for country project
The “Sunrise” presenter and her hotelier husband Neil Varcoe have listed their Sydney apartment to help fund a heritage project in Central West NSW.
Private equiteer’s $18m upsize kicks off trophy home reshuffle
Quadrant’s Alex Eady has upsized to a Centennial Park mansion, setting of a chain of high-end real estate deals.
Wealthy suburbs turn to buyers’ markets as house prices slump
Deep-pocketed home buyers could land discounted houses in the country’s most expensive markets where prices have fallen over the past 12 months.
Trade war not good for interest rates or home buyers: Cotality
Inflation could spike over the near term, leading a smaller rate cut and depriving home owners of much needed mortgage relief according to a global CEO.
Where coastal property prices are hot
Despite an initial pullback in demand following severe storms or cyclones, house prices along the coast can show remarkable growth over the long term.
This house sold for $4.2m – and then for $3.9m a week later
The first buyer of a luxury property – with a question mark hanging over it – ghosted the agent. That forced the vendor to set their sights lower.
North shore home fetches $700k more in just three years
Some homes – such as a four-bedroom place in Sydney’s St Ives – sold well, but auction clearance rates slipped for a fourth straight week.
Controversial restaurateur Al Yazbek to sell Melbourne mansion
The co-founder of Nomad Group of restaurants and his wife Rebecca have listed their grand Albert Park home with approved renovation plans.
Bellevue Hill pair spend $45m to buy neighbour’s home
A low-key deal in Sydney’s east shows how far neighbours will go to get a larger slice of the salubrious suburb.
Lendlease CEO Tony Lombardo sells $13m Elizabeth Bay mansion
The head of the property giant and his wife, lawyer May Chen, have sold their historic home after a seven-month campaign.
Gentle pressure secures $19m Toorak sale
The first disclosed deal over $15 million in the city’s most expensive suburb this year suggests properties have started moving.
Inside Macquarie’s $237m punt on the east London riverside
It has taken four years, but the wealth giant’s British build-to-rent vehicle Goodstone Living seems to be finding its feet – on the site of a famous former Ford factory.
Medico buys Packer’s $27.5m Sydney penthouse
Histopath founder Dr Chris Douglas has taken the keys to Francesca Packer-Barham’s luxury apartment within the Harry Seidler-designed Horizon tower.
Last quarter’s least and most profitable housing markets revealed
Home sellers racked up record profits in the December quarter, but apartments delivered losses for many owners in Melbourne and Sydney.
New homes to fall 400,000 short of national target: report
The production of both greenfield homes and apartments is well below average. The supply of new dwellings is forecast to fall 11 per cent this year.
Cyclone Alfred’s insurance storm batters sturdy $1.925m sale
Four hours before the scheduled auction of this Brisbane property, companies refused to extend home cover. But that didn’t put buyers off.
Vendors sweat on more rate cuts as clearance rates prove sticky
Sellers are hoping for more interest rate cuts to ramp up the auction market, where early clearance rates in Sydney and Melbourne hover around 70 per cent.
Bellevue Hill mansion sells for $50m amid trophy home comeback
Two speedy Bellevue Hill home sales totalling about $80 million reveal wealthy buyers are back and prepared to dig deep to secure blue-chip real estate.
