Ardent Leisure to update Dreamworld future this week
The fate of the Dreamworld theme park will become clearer this week as the owner, Ardent Leisure work towards a re-opening in the lead-up to the vital holiday season.
Property
Solomon Lew snaps up St Kilda Road office for $55m
Retail billionaire Solomon Lew has pounced on a vacant 8-level St Kilda Road office building, paying $55 million to beat off developers on one of Melbourne's premier leafy boulevards.
Record yield for Coburg supermarket
Coles property development arm has reaped $38 million from the sale of the Coburg North Village shopping centre in a deal reflecting a record low 4.94 per cent yield.
Investors battle it out for key assets
A flurry of sales and property listings are dominating the property sector as investors organise their portfolios in the lead-up to the end of the year.
Subdued debut for Charter Hall Long WALE trust
Charter Hall Long WALE REIT had a subdued debut on the first day of trade
Fast-food giants flee Swanston Street ahead of Metro Rail project
Fast food chains McDonald's, Hungry Jacks, KFC and Starbucks and banking giant CBA will be forced out of their prime, high-trading Swanston Street stores to make way for the government's $10.9 billion Melbourne Metro Rail project.
Chinese buyer signals Melbourne B-grade rush
A Chinese investor has snapped up a B-grade office in Melbourne's Elizabeth Street for more than $75 million, in a deal that may foreshadow a future development play in the rapidly evolving precinct.
Zig Inge makes hay at Botanicca
Aged care operator turned property investor, the Zig Inge Group, has off-loaded an office building at the Botanicca Business Park in Richmond.
Eastern suburbs whip up real estate storm
Melbourne's eastern suburbs are at the centre of a perfect real estate storm. A prime corner , double-storey office and retail complex at 417 Whitehorse Road has revealed buyer demand for passively leased investments.
REA listings hit by property market stagnation
Listed property site REA Group has increased earnings in the first quarter of the financial year, despite a drop in the number of properties for sale, particularly in Sydney and Melbourne.
Rich-listers snare prime Masters sites for homemaker centres
Two BRW rich-listers behind the Masters property buyout have secured exclusive rights to the defunct hardware chain's development sites and plan to begin building homemaker centres on them next May.
Rosebery development site has $100m price tag
The privately-owned Rosebery Properties and Filetron, a company run by Ben Cottle, is selling three separate lots of land with a value of more than $100 million in Rosebery – an area undergoing rapid transformation from industrial to residential.
Goodman Group pursues $1b in urban renewal sales
Industrial property developer and investor, Goodman Group will settle up to $1 billion in urban renewal sales in the coming year as it moves to recycle cash to its overseas developments while releasing much-needed land into Australia.
Ardent's new chairman no stranger to crises
George Venardos has over 30 years of senior management experience including 15 years in executive roles - he's going to need it.
Penrith coming into its own in the west
Penrith is emerging as one of Western Sydney's investment hotspots, with a flurry of residential developments recently coming to the market to meet buyer demand.
Diamond rings and mobile phones underpon Scentre Group's 2.5 pc sales growth
Jewellery, mobile phones, tech gadgets and a turnaround in department stores' performance were the backbone for retail landlord Scentre Group's comparable specialty sales growth of 2.5 per cent for the six months to June 30.
Tourism boom drives hotel occupancy higher
Soaring demand from holidaymakers and business travellers is underpinning Sydney and Melbourne's hotel sector, with Sydney in particular the standout performer.
ANZ willing to cede home loan market share amid rising risks
ANZ Bank says it is prepared to surrender market share in home loans to rivals, as it eyes the risks of fast-rising house prices and soft household income growth.
Tennyson Hotel on the market
Ray White Hotels Asia Pacific Director Andrew Jolliffe has listed Top 100 gaming property, The Tennyson Hotel on Botany Road in Mascot.
Intelligent street furniture to boost smart city concept
One of the key issues facing town planners, council and developers is how to make city's smart and flexible in the new-age of work and life balance.
Investors are pumped to buy service stations
Oil really is liquid gold for savvy investors snapping up regional petrol stations across Australia, as the sector looks set to finish off 2016 with a gusher, resulting in more than $171 million worth of sales.
Why build to sell when you can build to rent?
Across the US and throughout Europe the popular collaborative coworking movement and the millennial trend of transience, technological reliability, and lack of ownership, is playing a key part in the emergence of a new coliving movement, and powering the flourishing institutional private rental sector (PRS).
Deals and Deeds
NORTH SYDNEY $925,000
Jamie Oliver buys Jamie Oliver's Australian restaurants
Celebrity chef Jamie Oliver has stepped in to salvage his Australian Jamie's Italian restaurant franchise chain, taking it over from failed hospitality company the Keystone Group.
Ex-Norvel Road quarry sells for more than $30m
A major, master-planned community is set to replace a 9.2 hectare former quarry in Melbourne's east, which is speculated to be selling to a developer for more than $30 million.
Reinvented brutalist beauty saved from demolition
There are only a handful of great brutalist-style buildings dotted around the city and one example in North Melbourne has just been saved and renovated.
Ardent Leisure keeps Dreamworld closed
Ardent Leisure has said it will not be making any further comments on the Dreamworld theme park operations to allow the families of the four deceased patrons to hold their funerals.
Marriott International hotel group to call more of Australia home
Marriott International is looking to double its presence across the Australia, New Zealand and Pacific portfolio to about 50 hotels in the next four years to take advantage of the increasing movement of travellers in the region.
Singaporeans set to swoop as $1.5b office assets in play
A Singaporean investor is in due diligence on an 11-level Charter Hall office in Melbourne as other investors prepare to swoop on the Sydney home of the Australian Securities Exchange.
Investors' retail affair continues as yields sharpen
An ongoing investor love affair with Australian retail assets saw more than $8.4 billion traded over the year to September as yields continue to sharpen, the latest research shows.
Small Business
What stops people taking the leap of faith into business?
Helping budding entrepreneurs to launch and commit is a big issue for Australia
Not your usual crowdfunding campaign
For the second time Roslyn Campbell is using alternative finance to advance her business.