Download IPFS A 95-year-old woman has sold her Nedlands home for $2.7 million after owning the property for 62 years, highlighting Perth’s booming property market. The three-bedroom house on a quarter-acre block attracted 70 attendees and five active bidders at Saturday’s auction, ultimately going to a local family planning to[Read More…]

Download IPFS Hospitality mogul Jon Adgemis continues living luxuriously in his Bondi Beach penthouse while reportedly owing creditors $1.5 billion, including $162 million to the Australian Taxation Office (ATO). The bankrupt businessman’s proposed debt settlement offering creditors just 0.17 cents per dollar was rejected Friday, with the ATO particularly vocal[Read More…]

Download IPFS New Zealand’s housing market has plunged to 2019 price levels with rents declining for the first time in 14 years, but economists confirm Australia faces fundamentally different conditions. Macrobusiness chief economist Leith van Onselen explains that while both nations experienced pandemic price surges, Australia’s stronger migration intake and[Read More…]

Download IPFS A Melbourne family’s quest for sunshine and space in Queensland turned sour when construction costs forced them to abandon their newly-built dream home. Sarah and Marlon Cornell, seeking warmer climates and outdoor living after cramped COVID lockdowns with their two young children, discovered their carefully planned relocation came[Read More…]

Download IPFS Three ASX-listed companies are positioned to benefit significantly from anticipated interest rate cuts, according to market analysts. With the Reserve Bank of Australia (RBA) expected to begin easing monetary policy in early 2026, sectors sensitive to borrowing costs stand to gain. The property market, construction firms, and consumer[Read More…]

Download IPFS Australia’s housing affordability crisis has reached a dramatic turning point, with union leaders warning Sydney risks becoming unlivable for future generations unless negative gearing reforms are implemented. ACTU Secretary Sally McManus has escalated the debate with her stark prediction that Sydney’s grandchildren may disappear if current property tax[Read More…]

Download IPFS Perth has unexpectedly become Australia’s best-performing property market, with prices surging as demand outstrips supply. The Western Australian capital recorded a 23% annual price increase, outpacing Sydney and Melbourne. Experts attribute the boom to strong interstate migration, affordable housing, and a robust local economy fueled by mining and[Read More…]

Download IPFS Australia’s property market has revealed an unlikely leader, with Darwin house prices breaking records to become the nation’s top-performing capital city market. After languishing below 2014 levels for over a decade, the Northern Territory capital has finally surpassed its previous peak set during the INPEX liquefied natural gas[Read More…]

Download IPFS Sally McManus, Secretary of the Australian Council of Trade Unions (ACTU), has proposed limiting negative gearing and capital gains tax (CGT) concessions to one investment property over a five-year transition. The union says the reform would address housing affordability and reduce intergenerational inequality. The ACTU claims the proposed[Read More…]

Download IPFS Demand for premium real estate in New Zealand’s Whakatipu Basin is outpacing supply by a significant margin, as wealthy Australians and international investors target the area’s exclusive $3 million-plus properties. Leading Arrowtown real estate figure Cam Winter, managing director of Oliver Road Estate Agents, says the local market[Read More…]