Business

Going, going...rebel real estate agent gets axe

MARIKA DOBBIN Whistleblowing real estate agent who campaigned against deliberate underquoting of prices and bait advertising has been dismissed from the REIV etchics committee .

Bubble and squeak as first home buyers feel the heat

Housing pain.

MARIKA DOBBIN As middle and inner-Melbourne property prices soar and interest rates climb, first home buyer areas are feeling the pressure.

Housing market favours the grey

Elderly woman

CHRIS ZAPPONE Home ownership is growing increasingly elusive for younger Australians, analysts and house hunters say.

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Fringe dwellers top property gains

Property, housing, real estate

So much for location, location, location - all but one of the top 10 housing markets over the past decade are anything but central.

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Mortgage pain on the increase

Stress

CHRIS ZAPPONE The number of households facing mortgage stress has risen to a 16-month high as rising interest rates hit home.

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Sydney house prices tipped to push higher

Property prices in Sydney’s inner and middle rings could rise by up to 10 per cent this year, the Real Estate Buyer’s Agents Association of Australia says.

The sparkle returns to retail

PHILIP HOPKINS Despite the difficulty obtaining funding and the worry of rising interest rates, the outlook for retail property is improving.

Rain, hail or shine - the bidding stays strong

Sold.

NATALIE PUCHALSKI It was going to take more than a wild hailstorm to dampen buyers' spirits, with strong demand continuing to outweigh supply.

Anglicans pull plug on $81m Mirvac Cathedral Square

CHRIS THOMSON In a move described as "dreadful" for Perth, the Anglican church withdraws from $81 million Cathedral Square project.

Planning delays worsen homes shortage

Housing in the suburbs.

CHRIS ZAPPONE New home buyers are suffering longer delays at the hands of council planning, industry data shows.

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Walker cools plans for paper mill development

MARIKA DOBBIN The future of inner Melbourne's largest residential site -the Alphington paper mill - is in doubt after property magnate Lang Walker cooled on his $1 billion vision.

$25m house price: a record

39-41 St Georges Rd Toorak

MARIKA DOBBIN Melbourne's record house price has been broken again, with soft-drink magnate turned property developer Harry Stamoulis paying what is believed to be almost $25 million for a former Baillieu family estate.

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Demand but no supply as prices head north

house prices boom

JESSICA MAHAR AND ERIK JENSEN It's a figure to break the hearts of first home buyers: Sydney's median house price is inching towards $600,000 - almost double what it was a decade ago.

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RBA raises interest rates

Interest rates

CHRIS ZAPPONE Reserve Bank lifts its key interest rate, a move likely to inflict another round of mortgage pain on borrowers across the country.

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WA new home sales surge in January

For sale

CHALPAT SONTI AND CHRIS ZAPPONE New home sales in WA have surged in January, but an industry group has warned it needs to see more evidence that affordability problems do not become an issue to be convinced of a sustained recovery.

Record weekend as buyers battle it out at auctions

MARIKA DOBBIN Melbourne's property market set a record of more than $1 billion in total sales last week.

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Property market continues its red-hot run

NATALIE PUCHALSKI Melbourne's property market has started 2010 with a bang, trading real estate worth a record $1 billion in the past week.

Auctions set a sizzling pace

MARIKA DOBBIN Is the property bandwagon only just gaining momentum, or is Melbourne on the way to a US-style price crash?

Home prices extend their rally

Housing

CHRIS ZAPPONE Home prices extend their rally into 2010, adding to the difficulties faced by first-time buyers struggling to get into the market.

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Home prices extend their run-up

CHRIS ZAPPONE Home prices extend their rally into 2010, adding to the difficulties faced by first-time buyers struggling to get into the market.

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Picking suburb hot spots
What makes a property hot spot? We're regularly asked at APM to pick hot suburbs for a range of different reasons.
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