Investment sales breach $500 million mark
Investment sales are breaching the $500 million mark, boosted by the purchase of the David Jones store at 77 Market Street by retail landlord Scentre Group and developer Cbus Property.
Investment sales are breaching the $500 million mark, boosted by the purchase of the David Jones store at 77 Market Street by retail landlord Scentre Group and developer Cbus Property.
REA Group has warned the federal election will affect revenues in the first half of the current financial year after reporting a 16 per cent rise in full-year net profit to $215 million.
Sydney's industrial property market is surging ahead of Melbourne with more active retail, residential and infrastructure sectors driving development and uptake.
RV giant Apollo Caravan is poised to open its first retail sales outlet in Melbourne, in the northern suburbs' "caravan mecca" at Campbellfield, the gateway to the Hume Highwa.
Swiss watchmaker TAG Heuer✓ has re-opened its Sydney Flagship store at its landmark Pitt Street Mall, Sydney address, after a refurbishment.
Housing rents have fallen in all Australian capital cities apart from Hobart and Melbourne, data shows.
Centuria✓ Metropolitan office trust is on an expansion path as it looks to beat its maiden full year result of $44.8 million and achieve the forecast 3 per cent earnings guidance for the current financial year.
A consortium headed by Melbourne businessman John Shalit has moved to offload a two tower development site in Albert Road opposite Melbourne's famed Shrine of Remembrance.
Apartment owners looking to save a buck and the environment should take a lesson from one of Melbourne's oldest and most iconic apartment towers.
The interestingly-named Co-operation House, a building leased to the Textile Clothing and Footwear Union, has been sold for $4.5 million.
Drones are increasingly being used by body corporates and insurance firms to inspect the outside of tall buildings, but their use has prompted peeping Tom concerns from apartment dwellers.
Dexus Property Group is selling two of its large investment properties and will use the proceeds to repay debt and fund ongoing projects.
Listed pub landlord, ALE Property is to work with its tenant, the Woolworths-associate ALH, to develop underused parts of around 970,000 square metres of total land area to further enhance returns
Australia's supermarkets are at war and the battle is only beginning as more entrants start to eye off possible sites.
An oversized Brunswick East industrial site near Carlton North is set to make way for a landmark 10-level apartment building with speculation it is selling for nearly $10 million.
The number of suburbs across the country where homes cost a median $1 million has jumped by almost a third last year, with predictions more will join the club.
Significant reforms to NSW strata laws are forecast to create a wave of new interest in the Sydney strata market after years of flat growth.
Offices being converted to apartments and the sale of assets for the new Metro rail line has led to a fall in the vacancy rate across the North Shore's office market, according to the Property Council of Australia's latest Office Market Report.
Developers have identified the Hunter Valley as a growth sector in regional NSW, as improved infrastructure draws residents away from the crowded suburbs of Sydney.
Tamworth is set for a boost following the announcement by Australia's largest hotel operator, AccorHotels, that a new Mercure hotel is scheduled to open in December.
Investors have pumped more than $7.6 billion into retail assets in the past year as they seek out the safe haven sector of bricks and mortar against a backdrop of global political instability and deflationary threats.
Speculative investors rode the Australian property tidal wave from 2013 to 2015, striking lucrative deals via put and call options.
SYDNEY $750 per sqm gross
The Australian Catholic University's (ACU) 'Learning Hub' in Victoria Parade, Fitzroy, was originally a banknote printing facility for the Bank of Australia.
Office vacancy rates in Brisbane have hit a record high, thanks in large part to two major CBD buildings being completed in the past six months, as the city continues to feel the pinch of oversupply.
The Australian National University has signed a $165 million deal to make-over and expand its student accommodation facilities.
The two-speed economy is prevalent in the latest national office market report from the Property Council.
Construction has begun for Googong's first major shopping centre, which will include a supermarket, cafe, bar, gym and childcare.
It may be Melbourne's first Tesla-powered town.
Industrial property has moved into the spotlight with close to $190 million of new developments and sales being undertaken in the coming months.
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