Nila Sweeney

Hopeful home buyers are preparing for lower interest rates as early as next week by arranging financing in larger numbers.

Fewer vendors are selling their properties under the hammer as weak selling conditions persist, experts say.

A slight decline in the median home value in December was powered by an outsize slump in Sydney and Melbourne. Economists and realtors expect it to continue.

Cbus Property’s redevelopment of the former department store at 111 Castlereagh Street is nearing completion and is about to transform Sydney’s CBD.

From bold colours and loud textures to amenities that rival five-star hotels, home renovations in 2025 will be big on personality, moxie and luxury, experts say.

The downturn in Sydney and Melbourne has accelerated in the past four weeks, but could turn around quicker if the RBA cuts rates in February, according to experts.

The latest data shows an income of $172,000 is only enough to buy half of the homes on offer in Australia. Four years ago, it would buy 80 per cent of the market.

The city’s property market downturn is becoming more widespread as stock levels rise, borrowing capacity shrinks and affordability worsens.

As the affordability of houses worsens, the demand for units and townhouses is expected to increase, fuelling price rises, according to experts.

House prices in some of the most popular coastal suburbs are starting to rise, but buyers can still find sharp discounts.