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News
One in five investors sell up as tax changes trigger property market exodus
15+ hour, 15+ min ago (885+ words) A survey by the Property Investment Professionals of Australia (PIPA) found that 18.3 per cent of investors had sold at least one property in the year to August, with 62.3 per cent now suffering from negative cash flow. PIPA chair Cate Bakos…...
Iconic 'mini-mansion' in Richmond sells for $2.55 million at auction
14+ hour, 28+ min ago (985+ words) What could be Melbourne’s littlest mansion has sold for $2.55 million at a “once-in-a-lifetime” auction. It spans three levels on a 433-square-metre block and features a columned facade and a handsome Italianate tower tall enough to capture city views. The original…...
Landmark Brisbane mansion Suthermere in Ascot sells for $17 million at auction
16+ hour, 11+ min ago (759+ words) A mystery buyer has paid a near-record $17 million at auction for a landmark Brisbane mansion, posting the city’s second-highest residential sale of the year. The sale of Suthermere by Ray White Collective Luxury’s Matt Lancashire and Haesley Cush topped the…...
Mystery buyer behind Queensland’s record $40m home revealed
22+ hour, 45+ min ago (496+ words) The mystery buyer of Queensland’s most expensive home has finally been revealed, months after the record-breaking sale. Texas-based oil and gas boss Jamie Welch and his partner, philanthropist Fiona Angelini, paid $40 million for the Noosa waterfront property, according to the…...
This $9.9m Hawthorn riverfront home was once part of Melbourne’s forgotten tea garden playground
22+ hour, 45+ min ago (496+ words) With an asking price of $9 million to $9.9 million, the four-bedroom property with a private jetty at 1a Hambledon Road was once part of Hawthorn’s historic riverside tea gardens that lined the Yarra riverbank. 1A Hambledon Road, Hawthorn VIC 3122 It originally housed a…...
Rare Alexandria house up for sale for the first time in 101 years
3+ day, 22+ hour ago (675+ words) The single-storey brick terrace is being sold for the first time in 101 years. The factories have long gone, but those early days live on in the memories of the family that has owned it for more than a century. The…...
Why buyers are chasing a crumbling shack and five empty apartments for $20m
4+ day, 23+ hour ago (595+ words) It comes with a crumbling beach shack, five empty apartments and a price guide north of $20 million. The property at 9 Kenneth Street, Tamarama, has a 12-metre frontage with unobstructed beach and ocean views from Mackenzies Point across Tamarama and Bronte…...
Record-breaking Sydney mansion sells at a shocking $7m loss
4+ day, 22+ hour ago (517+ words) A record-breaking Sydney mansion that made history just four years ago has plummeted in value, reselling at a staggering $7 million loss. The historic harbour-view mansion in Sydney’s inner west has officially changed hands for $12.8 million, a substantial discount on the…...
Unlivable Sydney terrace sells for eye-watering price
5+ day, 9+ hour ago (381+ words) The crumbling home had been held as an investment by the same family for more than four decades and came with a warning for potential buyers about its condition. Despite that, the unrenovated terrace sold to a local family for…...
Australian housing market cops $34 billion blow as property values slip for first time since 2022
6+ day, 10+ hour ago (533+ words) Lower property prices have knocked tens of billions of dollars from the total value of all homes across Australia, new data has found. Latest figures from the Australian Bureau of Statistics (ABS) show the total value of residential dwellings fell…...