Australia faces the worst housing downturn in 70 years as the likelihood of the fourth interest rate hike this year diminishes the borrowing capacity of prospective borrowers, a leading housing economist says.
Stephen Johnson
Warburg has lifted its Ingenia bid to $2.14b and set a Friday deadline, with the US giant still demanding it abandon its near-$1b takeover of Perth developer Peet.
Ryan Johnson
Most experts are tipping an interest rate rate hike on Tuesday and half expect another one before the end of the year.
Kim Macdonald
For 15 years, Kate Miller has navigated Perth’s rental market and the 35-year-old is ‘scared’ as she comes to terms with a harsh reality.
Caitlin Vinci
The plight of WA renters has been laid bare, with new figures showing the option of buying a home is now near impossible for Perth battlers.
Joe Spagnolo
Three-quarters of Australians are willing to cut back on their discretionary spending to afford a home, new data reveals, but there is a catch.
Lucinda Garbutt-Young
A bit of community M&A shows mining giant Rio Tinto is leaving no stone unturned in Simon Trott’s campaign to slash costs by close to $1 billion. Plus: MinRes steps up in Freo’s hour of need.
A 27-storey apartment building is the latest in a string of approved developments set to tower near Scarborough’s beachfront in a bid to alleviate the high demand for rentals.
Laura Pond
Centenarians weigh in on how to live a long life
Land developer Nigel Satterley is now reviewing his options after his latest Stoneville loss
BGC was once a $1 billion empire, but yet another of its major properties has sold.
The local government area is leading the way on development, growing nearly twice as quickly as the next fastest-growing area and cementing its position as WA’s growth powerhouse.
New research shows the worrying amount of time it now takes to sell a house in Perth.
Ingenia Communities has rejected a US private equity giant’s sweetened $2 billion takeover offer, saying the revised terms still ‘substantially undervalues’ the group.
Ryan Johnson and Cheyanne Enciso
While being a homeowner is a distinct advantage for those entering retirement, those non-homeowners fortunate to have some money stashed away don’t come off too badly.
Nick Bruining
Interest from Australian investors in New Zealand’s housing market has almost tripled following Federal changes to local tax incentives.
I have no doubt that more needs to be done to help our young people get a house — if they want that. But I just think in the modern era, maybe young people also need to help themselves a bit more.
JOE SPAGNOLO
More than 11,000 West Australians have splurged out $6.6 billion on their first home in the last year – leaving them at the mercy of rising interest rates and decreasing housing values.
The return of mysterious businessman Victor Goh after a four-month disappearance has sparked calls for the State Government to nail down exactly when his buildings at Elizabeth Quay will be finished.
Matt Mckenzie
A Perth-raised sports, beer and burger chain is about to crash the crowded east coast market.
Daniel Newell
A rare east-facing vacant beach block in the South West will have the next owner praising the northern sun.
Why did this home buck trends to make $100k a month for its owner over the past year?
Elizabeth Quay developer Victor Goh has been pictured for the first time in a decade as the Supreme Court made a decision on contempt of court charges against the businessman on Thursday.
Traditionally affordable housing markets in WA are now recording sharp price falls, with more homeowners selling their properties for less than they paid.
