ANZ hikes interest rates for property investors
ANZ Bank has followed rivals in pushing up variable interest rates for property investors, blaming higher funding costs and its obligations to regulators.
Property
Putting on the Ritz-Carlton: The Star heralds return of luxury hotel
The Sydney skyline is set to be transformed with the development of the new $500 million Ritz-Carlton hotel, including apartments and an updated restaurant strip at Pyrmont, as part of the Star Entertainment group's renovation of the city's main casino as it prepares to take on James Packer's Crown resort at Barangaroo.
Bill Lewski and the misplaced $77 million
Melbourne businessman Bill Lewski can't recall where $77 million of investors money paid to him by way of a listing fee for since collapsed Prime Trust ended up, a court has heard.
Pask buying Rowville golf course from LaManna family
Queensland's fourth richest person, BRW Rich Lister Neville Pask, is paying local businessman Vince LaManna a speculated price in excess of $60 million for Rowville's prominent Kingston Links golf course, which is now mooted to become a billion dollar housing estate.
NAB makes its move to $1.7b Wynyard Place
In one of the biggest upheavals in its history, the National Australia Bank is moving its Sydney headquarters to the new $1.7 billion Wynyard Place, while also taking up a lease at Parramatta to cement its presence in the western suburbs.
Chinese property heavyweight in billion-dollar buy-up
Chinese property heavyweight Dahua Group has outmuscled local developers to snap up a billion-dollar land pipeline.
Uniting Church's $1 billion development plan
The Uniting Church is poised to sell up to 65 properties worth around $80 million as part of a $1 billion development program.
Developer pays $6m to unite West Melbourne blocks
Beijing-based developer Holder East has snapped up a vacant King Street block before it sold at auction, to add to a development site next door.
In a sellers' market, why are vendors being contract mugs?
Vendors are signing real estate agency agreements that read as if the agents are doing a massive personal favour listing the property. And this when most properties in the hotter markets are close to selling themselves.
Housing markets to remain strong, but the bubble is inflating
Housing markets will retain their buoyancy for at least another year, but concerns of price bubbles loom large, according to the latest Australian Property Institute's Property Directions Survey.
Retailers settling in upstairs spaces as Flinders Lane rents spike
A spike in demand for retail space in Flinders Lane has driven up rents and pushed retailers into upstairs premises where they are competing with IT and professional consulting firms for space.
Tough auction tactic, $20,000 bids, don't deter keen buyer
Tough auction tactics failed to deter a keen buyer chasing a modern shopfront property. A competitor tried to knock them out with $20,000 bids.
Robots to make shopping easier
Robots are the latest retail "disrupter" as they head to a shopping centre near you to offer advice, assistance and some entertainment.
Alfasi reboots property arm with $24m Richmond purchase
The privately-run Alfasi steel construction and equipment hire group will re-boot its property development arm using a site it purchased in one of Melbourne's hottest property sectors for more than $24 million.
Hemmes snaps up Sydney pub for record $37.5m
Pub tsar Justin Hemmes has snapped up the Tennyson Hotel in Sydney's Botany Road, Mascot for $37.5 million - a record price for a hotel sale at a public auction.
Apartment site sales decline around Australia
The total value of apartment site deals around Australia suffered a steep 25 per cent decline in the year ending June 2016, according to research by Knight Frank.
Melbourne Airport says no to Islamic school near runway
Melbourne Airport has successfully fought off a bid to build an Islamic school for 700 students under the flight path of its northern runway.
Demand strong for tight inner west market
Investors are scouring the inner west suburbs of Sydney to grab a piece of land for development in a market where stock levels are tightening, according to agents.
Cyber Monday sets new click frenzy record
It was a frenzy of online shopping last weekend as Australian shoppers embraced the US tradition known as Black Friday and Cyber Monday.
Clovelly asset breaks local records
A prominent Clovelly freehold building at 338-342 Clovelly Road, directly opposite the Clovelly Hotel, has been bought by a private investor and owner-occupier for $2.92 million.
Float adviser cuts McGrath earnings, price outlook again
One of the lead advisers to real estate group McGrath's float, Bell Potter, has taken the knife to its earnings forecasts and price target for the stock for the third time since its disappointing December 2015 listing.
Linfox to replace 493 St Kilda Road with 20-level apartment complex
Linfox Property Group, a division of the company established 60 years ago by soon to be octogenarian, Lindsay Fox, is seeking to substantially boost the value of its former 493 St Kilda Road headquarters, by replacing the modest office on the site, with a high density apartment complex.
Property trusts looking at buybacks as takeovers loom
The "will they, won't they" move on Investa Office Fund by its largest shareholder, Cromwell Corp, has thrown the spotlight on to the real estate investment trust sector, prompting speculation of a fresh round of mergers and acquisition activity in the coming year.
Sustainable design is a key to Sydney developments
Leading developers, construction companies and architectural firms like Turner are fully committed to innovative and sustainable design outcomes.
Leasing Ladder
ALEXANDRIA $190.68 sq m gross.
ODO add contemporary touch to Hunter & Barrel restaurant
The restaurant Hunter & Barrel at Eastland Town Square, Ringwood, was close to being named Meat & Beer by its owners, who also operate The Meat & Wine Company and Ribs & Burgers restaurants.
Singo and Geoff Dixon launch sale of prized Sydney pubs
Long time mates and businessmen, John Singleton and Geoff Dixon, are selling off two prized assets.
ANZ warns on overbuilding in apartment market
The high-rise construction boom that is transforming the skylines of Sydney, Melbourne and Brisbane will probably leave parts of these cities with too many apartments, ANZ Bank chief executive Shayne Elliott predicts.
Building approvals plunge shows construction boom unravelling
The ABS data published today is "the clearest sign to date that Australia's high-rise driven dwelling construction boom is starting to turn down", Westpac economist says.
Presbyterian Church Property Trust boosts its portfolio
The Investa Commercial Property Fund has cemented its position in the group with the purchase of an 8.94 per cent stake in Investa Office Fund from Post Sale Portfolio Issuer Pty Ltd, a company owned by funds managed by Morgan Stanley Real Estate Investing (MSREI).
Small Business
Why you can ditch the to-do list
Focusing on everyday tasks will hinder your business in the long run.
How we can help the next generation of entrepreneurs
Too many new-venture achievements are unrecognised and given no value