Stockland goes mid-tier developers as finance dries up
![Stockland chief executive Mark Steinert told his first-quarter update that the banks had "really tightened" their lending criteria.](/content/dam/images/g/k/i/8/f/t/image.related.afrIndexLead.320x210.gkiqgg.png/1445854577511.jpg)
Leading diversified real estate investment trust Stockland is being offered stakes in apartment projects as traditional finance evaporates for "mid-tier developers".
Leading diversified real estate investment trust Stockland is being offered stakes in apartment projects as traditional finance evaporates for "mid-tier developers".
The country's laws aren't keeping up with the apartment boom that will double the number of strata dwellings by 2030, the peak strata industry body says.
Stockland is on track to meet its forecasts following a "strong performance" in all sectors of the business - housing, commercial and retirement - in the first quarter.
The City of Melbourne has given the 400 owners of apartments in the LaCrosse residential building in Docklands a year to replace the building's non-compliant cladding with panels that meet Australian fire-safety standards.
Australian developer Frasers Property has signed a new office lease in West Perth for its western Australian headquarters after relocating from West Leederville.
Chinese investors being offered zero-deposit home loans over Australian apartments, will be charged credit card interest rates.
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