Mickleham home beats reserve by $40k days after an RBA hike

1. 01 prices

   Mickleham house sells $40,000 above reserve days after rate hike

   A house in Mickleham, on Melbourne's northern fringe, sold $40,000 above its reserve at auction, with four bidders competing and the opening offer already above the reserve price, according to realestate.com.au. The result came just days after the Reserve Bank lifted the cash rate.

   Single auctions are not a market, but the sale is a useful counterweight to the assumption that a rate rise empties a crowd. For agents and vendors weighing whether to go to market before Christmas, competition at the affordable end of Melbourne's growth corridors has not disappeared overnight.

   Read the full story at REA Group →
2. 02 prices

   Brisbane dwelling values fall 2% in a month, 6.1% over the quarter

   Cotality recorded a 2.0 per cent fall in Brisbane dwelling values during October, taking the rolling three-month decline to 6.1 per cent, Real Estate Business reports. Brisbane was the weakest-performing capital city over the month.

   After years in which Brisbane led the capitals, a quarterly fall of that size resets expectations for anyone who bought at the peak or is holding equity assumptions from 2025. The publication's own framing is that the headline numbers "look confronting" at face value — sellers, in particular, should be pricing off recent comparable sales rather than last summer's.

   Read the full story at Real Estate Business →
3. 03 notable sale

   Norman Park riverfront Queenslander listed, complete with school-run tinny

   A Brisbane father has listed the family's waterfront Queenslander at Norman Park, a home where the school run meant loading the kids into a tinny and heading down the river, realestate.com.au reports. The listing trades on direct river access as much as the house itself.

   Read the full story at REA Group →
4. 04 rentals

   Perth rentals tighten as sales cool, with rent rises flagged

   Perth's rental market is tightening even as sales activity slows, with more renters chasing fewer listings and limited new supply coming through, according to reporting from Key Media. The combination has raised the prospect of further rent increases in coming months.

   It is a reminder that sales conditions and rental conditions can move in opposite directions. Perth investors weighing a sale in a softer buyer market may find the yield case strengthening, while tenants face another round of competition for a shrinking pool of properties.

   Read the full story at Key Media →
5. 05 lending

   Younger borrowers at greater risk of being stuck in 'mortgage prison'

   Nine reports a generational divide in refinancing: borrowers with more equity and longer loan histories can shop around for a better rate, while younger buyers who stretched to get in are more likely to fail a new lender's serviceability test and be left with the loan they have. Brokers seeing clients in that position should be pressing their existing lender on repricing before assuming a switch is possible.

   Read the full story at Nine →
6. 06 other

   Bathla Group workers go public over unpaid wages after collapse

   Former employees of collapsed property developer Bathla Group have spoken publicly for the first time about wages they were never paid, the financial hardship that followed and their fears about what comes next, the ABC reports.

   Developer collapses are usually counted in stalled sites and out-of-pocket buyers, but the wage bill lands on staff and subcontractors first. For anyone buying off the plan, the case is an argument for checking a builder's and developer's financial footing, not just the display suite.

   Read the full story at ABC →
7. 07 prices

   Ray White: May Budget ended the cheap-end run in capital city prices

   Analysis by Ray White chief economist Nerida Conisbee, summarised by Metropole, finds the cheapest homes in the capital cities were outperforming more expensive properties almost everywhere early this year — and that advantage faded within months of the May Budget.

   If that shift holds, the entry-level strategy that worked through the past cycle may not repeat. Conisbee's reading suggests buyers chasing growth should be looking harder at quality stock than at the bottom of the price range.

   Read the full story at Metropole →
8. 08 lending

   Bridging loans turn risky as sale times blow out

   Owners who used a bridging loan to buy before selling are being squeezed by slower transaction times, Real Estate Business reports, with some borrowers facing repayment deadlines before their existing property has found a buyer.

   The practical risk is accepting a weaker price under time pressure. In a market where days on market are stretching, anyone considering buy-before-sell should be modelling a sale that takes considerably longer than it would have a year ago.

   Read the full story at Real Estate Business →
9. 09 notable sale

   Maslin Beach wedding and wine estate sold out of family after 170 years

   A wedding and wine estate at Maslin Beach, in South Australia, has been listed for sale after 170 years in the same family, realestate.com.au reports, with the agents pitching it to buyers willing to revive the business.

   Read the full story at REA Group →
10. 10 lending

    ANZ profit hits $7.6b as late home loan repayments rise

    ANZ has posted a $7.6 billion profit, helped by cost-cutting, with asset quality described as relatively stable even as late home loan repayments increased, Nine reports.

    Arrears remain the number to watch. A rise in overdue repayments alongside a record-sized profit is the clearest signal yet that higher rates are biting unevenly across the bank's mortgage book.

    Read the full story at Nine →

This brief is compiled automatically from Australian news sources and reviewed before publication. Each item links to the original reporting, which remains the work of the publisher credited. General information only — not financial or investment advice.