According to The Australian Financial Review, home lending and building approval figures jumped in May, posting gains of 4.8 per cent and 20.6 per cent respectively and matching the impetus displayed in recent house price growth.
Sydney house prices have now rebounded by 6.7 per cent since they bottomed out in January, although the rate of growth has eased slightly, with prices up by 1.7 per cent in June, compared to 1.8 per cent recorded in May.

https://www.afr.com/property/residential/home-lending-building-approvals-bounce-in-may-20230703-p5dlbz
 

According to The Australian Financial Review, houses in Sydney’s affluent suburbs delivered the biggest windfall for sellers during the March quarter as scarce supply and strong demand handed them more than $1 million in gross profits on average, CoreLogic’s Pain and Gain report shows.
Every house sold in Randwick, Ku-ring-gai and Canada Bay was profitable, rewarding vendors gains exceeding $1.1 million on average, while all inner west house sales made an average $850,000 profit.

https://www.afr.com/property/residential/sydney-house-sellers-pocket-more-than-1-million-average-profit-20230628-p5dk0z
 

According to The Australian Financial Review, Sydney house prices are predicted to increase as much as 9 per cent by June next year, powered by strong demand from surging population growth and scarce listings, despite further interest rate rises expected this year, Domain says.
By the end of financial 2024, Sydney median house prices are expected to hit $1.66 million, which would eclipse the $1.59 million peak set in March 2022.
Australia’s housing market is also forecast to have moved towards a well-established, steady recovery over the financial year 2024 as interest rates stabilise or begin to decrease.
Population pressures combined with chronic undersupply would fuel price increases, even as interest rates were still expected to rise this year, said Nicola Powell, Domain’s chief of research and economics.

https://www.afr.com/property/residential/sydney-house-prices-to-rise-9pc-to-a-record-high-20230621-p5di9q
 

According to The Australian Financial Review, growth in unit values jumped higher than that of houses across 39 per cent of all suburbs nationwide over the past three months as demand shifted towards the affordable segment of the market in response to increases in interest rates and the cost of living, data from CoreLogic shows.
Unit price growth trumped that achieved by houses in nearly a quarter of all Sydney suburbs analysed, and outperformed house price growth in more than a third of all Melbourne suburbs.

https://www.afr.com/property/residential/apartment-values-grow-faster-than-houses-as-rate-rises-shift-demand-20230606-p5debk
 

According to The Australian Financial Review, a lack of certainty about planning outcomes is halting the acquisition and development of sites for new housing, a survey by real estate investment house Wingate has found.
Of the circa 145 developers, private lenders and high net worth investors surveyed by the Melbourne-based firm, almost a third said securing planning approvals was a key development impediment, while over a third said the availability and cost of labour and trades was still a major issue.

https://www.afr.com/property/residential/developers-say-lack-of-planning-certainty-holding-back-housing-supply-20230608-p5dezy
 

According to The Australian Financial Review, inside the 1600 square metre modular home factory in Smithfield, in Sydney’s west, the construction of 18 bespoke homes all at once more resembles car manufacturing than a building site, in what Tahi Merrilees, co-founder of Wild Modular which owns the factory, describes as an “organised chaos”.
Merrilees believes factory-built housing will play a part in solving the country’s worsening housing crisis.
“A prefab modular home can be built in just 10 days, so we can get supply out more than twice as fast as the traditional build. We can also build multiple houses at the same time, so we can mass produce housing,” he says.

https://www.afr.com/property/residential/the-fast-build-homes-that-could-solve-the-housing-crisis-20230518-p5d9el
 

According to The Australian Financial Review, Lendlease has sold over 50 per cent of its luxury residential tower One Circular Quay in Sydney’s CBD, resulting in over $1 billion in sales to date, in what is set to become Australia’s most expensive residential tower.
The early sales are being driven by a mix of local and overseas buyers jostling for a rarely offered luxury foothold in Sydney’s center stage: Circular Quay.
Located at the former Gold Fields House site in Circular Quay, the development is part owned by Lendlease alongside Mitsubishi Estate Asia, which took a two-thirds stake in the $3 billion project in July last year.

https://www.afr.com/property/residential/one-circular-quay-clocks-up-1bn-in-luxury-apartment-sales-20230523-p5daob
 

According to The Australian Financial Review, NSW home builder Rawson, whose net loss nearly doubled to $28.9 million last year, is counting on the backing of parent company Daiwa to ride out a downturn that it says will take another six months for market confidence to return.
The state’s 10th-largest volume builder in the Housing Industry Association rankings – with 546 home starts in FY22, down from 770 a year earlier – also received a further $30 million injection from Daiwa House Australia last calendar year, on top of $40 million a year earlier.

https://www.afr.com/property/residential/home-builders-need-deep-pockets-to-survive-downturn-20230517-p5d97t
 

According to The Australian Financial Review, major ASX-listed property players involved in residential development, including Lendlease, Mirvac and Stockland, can expect a boost from federal budget measures to support investment into build-to-rent projects and increase rental relief for many residents in land lease-style housing estates.
The expansion of the federal government’s home guarantee scheme for first home buyers – to allow any two people such as siblings or friends to purchase with a 5 per cent deposit – is also positive news for major developers such as Stockland and Mirvac.
The withholding tax applied to managed investment trusts used by foreign investors will be halved from 30 per cent to 15 per cent. The depreciation rate applied to build-to-rent projects will also be increased to 4 per cent a year.

https://www.afr.com/property/residential/developers-get-a-budget-boost-for-housing-20230510-p5d7a2
 

According to The Australian Financial Review, house prices nationwide are poised to bounce back this year, albeit at a modest pace, after strong migration and low stock levels reversed the housing downturn earlier and quicker than expected, experts say.
CoreLogic’s home-value index for April shows Sydney house prices increased by 1.3 per cent during the month, slightly lower than the 1.4 per cent recorded in March, but a strong rebound from the 1.2 per cent decline in January, when prices bottomed out.

https://www.afr.com/property/residential/house-prices-tipped-to-rise-now-short-but-sharp-downturn-is-over-20230428-p5d3yy