Michael Bleby

The embattled company faces a referendum by shareholders on its turnaround progress at the AGM in Sydney, where it is at risk of a second strike.

Auction volumes and clearance rates in Australia’s housing market are going in opposite directions, pushing the preliminary rate to its third-lowest this year.

Consumers are right to be cautious about newly built properties. But the thoroughness of one potential purchaser was unnecessary for another.

Lendlease has avoided a second strike against its remuneration report at its annual general meeting on Friday, convincing shareholders that it has

Real estate agents say financial stress – and divorce – are prompting a surge in distressed listings, particularly in Victoria and parts of regional NSW.

Patricia Curtis-Kline, whose husband George founded what became Australia’s largest home-builder, is preparing to leave her adopted home.

A combination of high interest rates and weaker prices make established housing stock more attractive to buyers than apartments built as costs soared.

Demand remains strong in the two largest cities, but the purpose-built accommodation sector is looking more widely for cheaper sites.