Property Focus

 

REITs are back in the black

Carolyn Cummins 11:45 PM   Real estate investment trusts are the favoured ship in town as they provide the safe harbour for investors against the stormy seas of uncertainty whipped up by the looming federal election, changes to superannuation, a volatile sharemarket for banks and low interest rates.

Goodman Group on target for growth

Warehouses and industrial property are in hot demand.

Carolyn Cummins 11:45 PM   Goodman Group looks set to see strong growth this year, as they have just had their best quarterly results for years and demand from the e-commerce sector and urban renewal projects remain high.

Gold Coast's new lease of life

Upmarket global brands are opening in the Gold Coast's Pacific Fair shopping centre as it nears the end of a $670 ...

Carolyn Cummins 11:45 PM   Gone are the meter maids in gold lame bikinis and reef oil sun taning lotions and enter CHANEL Beaute, Christian Louboutin, Coach, and Salvatore Ferragamo, to bring the Gold Coast back to life.

Hotel sector predicts strong growth

Radisson Blu Plaza Hotel in Sydney

Carolyn Cummins   Hotels are now the hot ticket in town with all the major developers looking to expand their offerings. This is triggered by the increased inbound tourism from Asia, the higher propensity for "staycations" among domestic travellers and the rising demand from business and conference attendees.

Shopping centres wary of unseasonably warm winter weather

The opening of the new section of Eastland shopping centre in Ringwood in May.

Simon Johanson   The abnormally warm weather across Australia's eastern seaboard has not slowed fashion sales in shopping centres but there are concerns it may have an impact.

The secret is in the mix

Peppers at Melbourne's Docklands is a mixed-use residential and hotel project.

Carolyn Cummins 11:45 PM   Mixed-use developments are back in favour and a growing trend, with many developers opting to incorporate several property uses into new projects.

Doltone House gets nod for Georges River Milperra

Impression of the planned Doltone centre at Georges Rivers, Milperra

Carolyn Cummins 11:45 PM   The Doltone house owners have expanded the business footprint in the entertainment function business with approval granted for the new $20 million Milperra conference centre.

Deals and Deeds

The Salvation Army has sold a freestanding property comprising office space in Kingsgrove.

Carolyn Cummins 11:45 PM   CHATSWOOD $2m.

Not your average corner store and cafe

The Corner in Rowville is designed by Coy Yiontis Architects.

Stephen Crafti 12:15 AM   This corner store and cafe is a far cry from the average suburban milk bar.

'That job has now been done': Frank Lowy bids adieu

Frank Lowy: "The company is now so well positioned for future success so I can stand down and feel very satisfied and ...

Carolyn Cummins   Frank Lowy has performed his final official duties as chairman of the company that now runs the Australian and New Zealand part of the Westfield shopping centre empire he began 57 years ago.

Genworth 'wary' of Australian housing

A possible increase in corporate defaults and soured home loans, particularly in the mining states of Queensland and WA, ...

Katherine Chiglinsky and Emma Orr   The parent of Australia's biggest lenders' mortgage insurer cools on the market prospects, citing China and commodities risks.

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Castle Hill 'megalot' property sale to reap $100m

The site is located at 3-7 Ashford Avenue, 17-39 Middleton Avenue and 12-28 Partridge Avenue, Castle Hill, Sydney, which ...

Carolyn Cummins   Real estate agents have been hit again, with 25 residents in Castle Hill, Sydney, opting to sell the homes in one superlot, worth about $100 million.

Auto parts makers driving new business

Times are tough for big and small players in the automotive industry.

Nicole Lindsay   Rubber and plastics manufacturer Graham Hopkins saw the writing on the wall in 2008. His company Lasslett Rubber and Plastics supplied parts to Ford, Holden and Mitsubishi in deals which made up 86 per cent of the company's business.

Accor expands Melbourne hotel assets

The former Tune Hotel is now operating as the new ibis Melbourne Swanston Street.

Carolyn Cummins   AccorHotels has expanded its hotel network with the announcement of two new-build hotels and two takeovers.

Mirvac and Goodman on track for earnings growth

Rising high: Mirvac and AMP development 200 George Street.

Carolyn Cummins   Mirvac and Goodman Group are on track to reach their end-of-financial-year earnings forecasts as they benefit from strong demand for residential and industrial assets.

Three shops in a row on one title sell for $2.4m

Mornington Peninsula is experiencing unseasonal heat with a small two-storey shop at 2379 Point Nepean Road selling for ...

Three shops in a row on one title have sold for a combined $2.44 million. The properties had been owned by the same vendor since 1920.

Failed Bendigo land bank on the market

The Foscari development site at Truganina.

Simon Johanson   A Bendigo paddock at the centre of a collapsed land banking scheme run by property spruikers Jamie McIntyre and Henry Kaye is on the market.

Fitzroy gasworks back in play

The potential development site's  Smith Street border is home to the recently defaced iconic 1980s feminist mural.

Nicole Lindsay   Plans to redevelop the contaminated Gasworks site in North Fitzroy are back on track as the government land agency Places Victoria kicks off a community consultation process.

Land banker buys chunk of Anakie

77-83 Nicholson Street in Brunswick East is likely to be developed.

Marc Pallisco   A local land banker has paid more than $15 million, sources say, for a 240-hectare piece of Anakie – a semi-rural area nestled 70 kilometres west of Melbourne's outskirts, and just beyond Greater Geelong's northern edge.

NEGATIVE GEARING

How investors outgun first home buyers

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Caitlin Fitzsimmons   It's not just that one in three buyers are investors, it's also that they're disproportionately competing with first-home buyers.

Stockland plays down deflation worries

Stockland chief Mark Steinert said with employment growth stable and parts of the economy improving "I don't see any ...

Carolyn Cummins   The developer and landlord says it doesn't see deflation as an imminent threat, with cost savings from retailers and the higher dollar helping reduce the impact.

UK retailers in a world of hurt

Britain's high-street retailers are feeling the pinch.

Eric Pfanner and Sam Chambers   Britain's high-street retailers are feeling low. In the last week alone, two stalwarts of the country's downtown shopping districts have moved to appoint administrators, similar to filing for Chapter 11 bankruptcy protection in the US.

Food retailers on the march across city

Sydney's Ash Street Cellars'  spaces are in hot demand.

Carolyn Cummins   Foodies have emerged as the fastest-growing tenants in all capital cities as they vie for space with retailers but are willing to pay a premium for the right location.

Renaissance rising at new housing estate

Renaissance Rise, a new housing estate in the Shire of Whittlesea to the north of Melbourne, is putting its toddlers ...

Stephen Crafti   Renaissance Rise, a new housing estate in the Shire of Whittlesea to the north of Melbourne, puts its community first.

Changing era for supply chain operators

On the move: GPT has paid $16 million for 5.1 hectares to build a logistics site at Eastern Creek.

Carolyn Cummins   GPT Group has paid $16 million to expand its industrial footprint, as a reflection of the rise in importance of the once-humble shed.

Pubs in hot demand

Sustained growth: The Corrimal Hotel in Wollongong was sold for just under $10 million.

Carolyn Cummins   Pub sales are the hot ticket with close to $200 million worth of pubs have changed hands in the past year, from the outer suburbs of metropolitan Sydney to the inner fringe and parts of the City.

Leasing Ladder

Seven Hills: InsulShop has leased this Stanton Road site from a private investor for three years.

Carolyn Cummins   SYDNEY $5,923 sqm gross.

Office landlords back in the driver's seat

Sydney's office market is tipped for solid rent rises as stock is withdrawn

Carolyn Cummins   Office landlords are now back in control as space is taken for infrastructure projects and residential conversions, leading to a forecast for rent rises of close to 8 per cent, according to Cushman and Wakefield.

Changing city density needs understanding

Sydney's population is expanding at a rapid pace

Stephen Cox and Kevin Driver   It is expected that the current 41 per cent of Sydney's population living in medium-to-high density housing will soar through 50 per cent over the next five years, with many people located in the middle-to-outer ring of the city. 

Lego lands at Dreamworld

Ardent Leisure has boosted its Dreamworld offering with a deal to open a Lego certified store at the theme park.

Carolyn Cummins   Ardent Leisure has boosted its Dreamworld offering with a deal to open a Lego certified store at the theme park.