Evergreen banks $24.4m from South Melbourne office
A Malaysian investor has paid $24.4 million – reflecting an incredibly low yield of 1.97 per cent – for a six-level office building at the northern end of Albert Park Lake.
Property
Aussies reluctant to give up personal space
Empty bedrooms could be used to address Australia's housing shortage.
Developer McNee makes a $30m killing on South Melbourne apartments site
The site of a mini suburb in South Melbourne has quadrupled in value in just over three years after being sold by developer Bill McNee for about $41 million.
Sydney, Melbourne house price growth to continue: NAB
House prices are predicted to climb even higher in Sydney and Melbourne in 2017, albeit at a slower pace than last year.
McGrath shares have slumped 60% in a year - time to buy?
Its shares have slumped 60 pct over the past year following a dismal sharemarket float. But are its shares worth a punt?
'Considerable risk' in housing market
Auscap Asset Management says the assumption that favourable conditions will continue in Australia's property market carries considerable risk.
Top 8 WA areas to buy property in 2017
Cheryl Oprandi is a Property Consultant with www.sellleaseproperty.com.au
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.
Small Business
Team sports at work: Love 'em or hate 'em?
Don't judge colleagues for not joining in.
Are you keeping up with this big business trend?
It's not Trump, it's not taxes and it's not even interest rates.