Top 8 WA areas to buy property in 2017
Cheryl Oprandi is a Property Consultant with www.sellleaseproperty.com.au
Property
Dreamworld takes $6m ticket hit after tragedy
Ardent Leisure took a $6 million hit to ticket sales in December when it reopened Dreamworld after four people died on one of the Gold Coast theme park's rides.
A third of apartment cranes in 'blacklisted' areas
More than one-third of the cranes hovering over apartment building sites in Australian cities are in neighbourhoods banks have "blacklisted" as lending problem spots.
Amazon calls 2016 holidays sales 'the best-ever season'
Global online giant Amazon has released sales data from the 2016 holiday season and the numbers and types of items bought will sober up any retailer who ate their aunt's Christmas sherry trifle.
Hotel sector prepares for busy period
The hotel sector is preparing for a busy few years with the construction of new sites and the increased demand.
How landlords are falling short on keeping office workers happy
It is important to keep tenants happy, particularly when new buildings come on stream in the next few years, according to tenant representatives.
ASIC loses case against LM Investment founder Peter Drake
Case thrown out after court finds ASIC's expert witness gave testimony that was "preposterous" and displayed "partisanship".
Singo, Dixon's pub fund sells three iconic Sydney pubs for $47m
In one of the last big deals for the year, good mates and businessmen, Geoff Dixon and John Singleton have sold three iconic Sydney pubs.
Matt Moran, Bruce Solomon snap up Clovelly Hotel
Hospitality giants Matt Moran and Bruce Solomon's joint venture group, Solotel, has expanded its footprint across town with the purchase of the prized hotel in Sydney's eastern suburbs.
Tiffany & Co seeks new luxe city digs
Australian lifestyle brand Oroton has expanded its operations with the opening of a new boutique at Sydney Airport's T1 International terminal.
The tale of two parliamentary housing inquiries
What an amazing difference 19 months can make for parliamentary inquiries into housing affordability and ownership.
Walker Corp in $1b residential project
Walker Corporation and liquor group Kemenys have teamed up in a joint venture to develop $1 billion of mixed-use residential developments on three Kemenys-owned sites in Sydney.
New office tower planned in $1b Darling Harbour revamp
The revamp of Darling Harbour will now include a new 44-storey office tower on the waterfront, at Darling Park towers.
Perron Investments buys half stake in Westfield Woden for $335 million
Perron Group has bought a stake in Westfield Woden.
Brookfield Prime Property and ALE Property take out BDO AREIT honours
Office towers, pubs, agriculture and healthcare investments took out line honours in the 22nd BDO Australian real estate investment trust survey.
DEXUS upgrades property assets by $341m
The strength of bricks and mortar assets is forecast to remain strong as investors seek out less volatile sectors, according to the latest Australian Property Institute's (API's) Property Directions Survey.
Private investors, syndicates pounce on small office buildings
The headquarters of Wesfarmers-owned Bunnings Warehouse has sold for $24.7 million as wealthy investors and syndicates move on mid-range assets before the end of the year.
Retail property in hot demand
Retail property is one of the hottest sectors in demand from investors as they seek put higher yielding assets that are benefiting from an improvement in consumer sentiment.
Property sells for lucky number: $4,888,888
Lucky numbers sell. Seven bidders – including five Chinese parties – vied for a 3000 sq m development landholding at 15-17 Herlihys Road before the hammer fell at $4,888,888.
Ardent Leisure raises $126m from sale of d'Albora Marinas
The reopening of the Dreamworld theme park on the Gold Coast, called "Open Hearts-Open Doors" on the weekend helped raise $157,225, which will be given to the Red Cross.
Dreamworld to reopen with 'respectful' weekend focusing on families
Dreamworld and WhiteWater World theme parks on the Gold Coast will throw open their doors on Saturday following the tragic accident on October 25.
Shopping centres of the future not far away
Shopping malls will be front and centre for the next two weeks as shoppers head in for the festive season.
Simple, gallery-like fit-out showcases Japanese culture
A slither of Japanese culture has arrived in Toorak Road, South Yarra. Monolab, a Japanese gallery-like store, showcases the work of artisans and manufacturers working in a number of regions throughout Japan.
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.
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.
DEXUS looks to sustainable industrial buildings to reduce costs
Large industrial tenants are moving away from sourcing their distribution centres through third party logistics companies and are instead investing in automation and sustainable building features, DEXUS executives say.
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.
Deals and Deeds
Alexandria $14.5 million
ICC is built and events are on their way
Selling Sydney as a business destination with a major venue under construction has been challenging… but that's about to change.
Small Business
Will Amazon in Australia destroy your business?
Potentially, if it makes good on plans to slash local prices by 30 per cent.
Traffic congestion could ruin the delivery economy
There are huge roadblocks to the convenience economy. And it could affect your small business.