Last year’s record-breaking run of rate rises has hit households hard,and they are even more likely to fall behind with every future interest rate rise.
Some buyers might sing it from the hilltops when they find their dream home,but this abode takes it to the next level. And it’s yours for $2.8 million to $3.08 million.
A new survey of property professionals has revealed property prices are expected to plummet over the next year,but rent prices are still on the rise.
It would have been sitting empty for up to two years while waiting for planning permissions to come through. But the developer had a better idea.
Simon Crowe and his family spent more than $22 million on a Toorak home and have now bought the house next door for another $5.9 million.
The Sydney mansion of conwoman Melissa Caddick has sold for close to $10 million,which liquidators say is a strong result amid declining property prices.
The clinker-brick residence dates to about 1933,but inside a contemporary renovation includes every bell and whistle.
House prices have not fallen nearly enough to offset the hit from rising mortgage rates,and prices in some buyer hotspots are still higher than a year ago.
One first home buyer’s borrowing capacity fell from $1 million to $750,000. He hoped for a house,but now his options are an apartment - or a move interstate.
One of Australia’s most extraordinary gardens will be reinvented as a luxury accommodation venture by celebrity gardener Jamie Durie.
Blue-chip neighbourhoods led the price falls and suburbs favoured by young professionals also fell in price over the past year.