In a depressed market, vendors will do what they can to make a sale more likely. They will even delay an auction to ensure a potential buyer can make it.
The search for a new partner in the five-tower project shows the pressure on developers as rising building costs and interest rates squeeze their margins.
At a time of already weak prices and low confidence, the bid to boost transparency around prices could further cut buyer activity, industry figures warn.
Sellers are pulling out to avoid a weakening market, although a $3.23 million auction sale in Glebe showed buyers were still there for the right property.
Investment tax changes, combined with affordability advantages and NSW medium-density planning reforms, have sent duplex inquiries soaring for this builder.
Land lease developer GemLife specialises in relocatable homes for downsizers. It’s now about to start building vertically – and the apartments can still be moved.
Labor’s property tax changes are designed to encourage investment into new housing. But what is a new build? The devil is in the detail of Treasury papers.
Jon Goulder, who also sells a chair for $1400, says Australia can make furniture and compete commercially. He’s now waiting for his first skyscraper job.
As markets price in two more interest rate increases this calendar year, the strongest results are coming from buyers less affected by borrowing costs.
The radio man sold his Sydney house to Nick Curtis, who sold it to Prudence MacLeod, who sold it to the Scape co-founder. This reno shows how housing has changed.
Good CBD locations will still attract tenants and rents, but changing workplace practices mean that even the biggest occupiers will take up less space.
