A gun-toting tech tycoon is taking aim at Australia’s real estate sector,and it has already cost Rupert Murdoch and other REA Group investors billions.
A takeover by digital real estate listings giant CoStar potentially paves the way for a big payday for majority shareholder Nine Entertainment.
The online real estate marketplace majority owned by Nine Entertainment has received a sweetened “best and final offer” from heavyweight US suitor CoStar. .
Shares in Nine and Domain surged on Friday after US property titan CoStar lobbed a takeover offer.
The chief executive of Nine’s digital real estate business will step down after six years,sparking more unrest and another succession hunt.
This is the steepest house price rise in Perth’s history,with the city’s traditionally more affordable south-eastern suburbs recording staggering gains.
Rising interest rates have done little to slow Brisbane’s property price growth,with new data showing Queensland’s capital has fully recovered from the 2022 downturn.
Researchers say soaring house prices and the challenges of finding affordable rentals mean more young people are staying at home for longer.
The head of one of Australia’s largest real estate websites says Labor’s proposed housing package is a positive move that will address what he says is the country’s most significant social and generational issues.
House prices in some Perth suburbs could almost double over the next five years,new analysis by Domain reveals.