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    NSW residential property

    Today

    Brad Pillinger is one of the country’s top real estate agents.

    From dropping pamphlets to selling $85m homes

    His father was the first person in Australia to sell a house for $1 million. Brad Pillinger reflects on 30 years selling the country’s most expensive homes.

    • Yolanda Redrup

    Yesterday

    Deceased estate sells for $7.8m as buyers set to gain spring advantage

    Cautious buyers disappointed by delayed rate cuts, cooling migration numbers and incoming spring stock will keep a lid on clearance rates, experts predict.

    • Bonnie Campbell

    This Month

    Historic Keba set to smash Sydney’s inner west record with $27m guide

    The harbourside abode is one of the grandest historic homes on a coveted street in Birchgrove.

    • Bonnie Campbell

    Vacant Vaucluse mansion asking $30m

    In Sydney’s Vaucluse, an 1890s manor, sitting on more than 2000 square metres, has hit the market guiding $30 million.

    • Updated
    • Bonnie Campbell
    The Bellevue Hill residence Annabelle Shamir bought for almost $30 million. It is now valued at far more.

    Blumenthal’s $50m mansion at heart of lender suit

    Sydney’s prestige property market is not for the faint-hearted. Luckily, Adam Blumenthal has never been that. 

    • Myriam Robin
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    The two-bedroom, semidetached home on 158 square metres at 12 Redmond Street in inner-western Sydney’s Leichhardt sold by private treaty for $1.43 million.

    Vendor goes for ‘bird in hand’ to sell terrace for $1.43m

    In a market with two camps of buyers, those on the rebound are acting faster than those thinking the market might slow more.

    • Michael Bleby

    July

    Sydney-based investor Rich Harvey said the proposed eviction rule “goes a bit too far against landlords like me.”

    NSW’s eviction rules will trigger landlord ‘exodus’

    The NSW government’s proposed ban on evicting tenants without reasonable grounds will spark landlords’ exodus and deprive the state of billions of dollars in investments in the rental sector, property investors warn.

    • Nila Sweeney
    NSW’s new no-reason rent ban may discourage property investors.

    Considering buying a rental property in NSW? Think again

    NSW Premier Chris Minns plans to ban at-will evictions of tenants. The policy is unfair on owners.

    • Aaron Patrick
    Round one: The 35.5ha block at 117-147 Tweed Coast Road in northern NSW’s Cudgen contracted to sell as a whole for $11 million.

    ‘Death clause’ triggers an extra $1.2m for vendor

    “You’re not legally allowed to ask for a price reduction just because someone dies,” said the agent. But one buyer did – and then pulled out of the sale.

    • Michael Bleby
    The three-bedroom, single-garage townhouse at 7/72-78 Flora Street in southern Sydney’s Kirrawee sold before auction for $1,281,000.

    First home buy costs $1.28 million – and 858km

    Affordability is pushing rookie property purchasers to look more widely than before. But they’re often also older, and have more money to spend.

    • Michael Bleby
    A home in Hunters Hill, Sydney, where development applications take an average of 198 days to be approved.

    Wealthiest councils are among the slowest to approve DAs

    Among the slowest councils, only one represented constituents that on average earned below-average incomes.

    • Campbell Kwan
    The one-bedroom apartment with no car park at 29 Lander Street in inner-southern Sydney’s Darlington sold for $995,000.

    One-bed unit, no car park – the price? Almost $1m

    There were not many takers for this nice, but expensive, property. But one buyer valued it differently – and was prepared to pay for that.

    • Michael Bleby
    Artist’s concept of how the development at 1 Darling Point Road in Sydney’s Edgecliff could look with bonus 60-metre height limit. 

    Lendlease plans $500m development in Sydney’s Edgecliff

    The new project is one of many the developer needs to show investors it is replenishing its local housing pipeline as it pivots to a new Australian focus.

    • Michael Bleby
    The four-bedroom home on 858 square metres at 36 Tourello Avenue in Melbourne’s Hawthorn East sold $641,000, or 15 per cent, over its $4.4 million reserve.

    Winter chill, school holidays cut auction volumes

    Buyers and sellers are cautious about the interest-rate outlook, but are still willing to pay strong prices for good homes – when they can find them.

    • Michael Bleby

    Palm Beach trophy sale sets 2024 peninsula record

    Frank and Amber Elsworth’s Karala estate has clocked the elite Sydney suburb’s most expensive deal of the year as the coastal market stays below its COVID-19 peak.

    • Bonnie Campbell
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    Yours at an average $20,000 per square metre: Kokoda Property has received approval for its $1.5 billion Skyring Terrace project in Brisbane’s Teneriffe. 

    New home approvals rise to six-month high

    As two project approvals in Brisbane and Melbourne show, soaring materials and financing costs have made new projects unviable for all but the priciest homes. 

    • Michael Bleby
    xx

    Foreign students hit; Citi’s weightlifting fighter; $4.8m property tip

    Read everything that’s happened in the news so far today.

    The three-bedroom townhouse at 3/29 Wheatleigh Street in lower north shore Sydney’s Crows Nest sold by private treaty for $2,915,000.

    The unusual move that made this seller $4.8m

    Most people with a large block to offload would do just that, but this vendor developed it – and made a much bigger profit in the process.

    • Michael Bleby

    June

    Kurraba Point mansion with a price guide of $25 million.

    Former Boral chief’s $25m waterfront mansion to smash suburb record

    A sprawling property on Sydney’s lower north shore is expected to surpass the record sale price for Kurraba Point.

    • Bonnie Campbell
    Lexi Dodd at the display suite version of her new Wentworth Point apartment, where she will move into at the end of the year.

    Why this family is swapping a six-bedroom house for apartments

    Lexi Dodd and her family are moving into apartments ahead of a new chapter, where being closer to cafés and restaurants is more important than space for kids.

    • Campbell Kwan