Bluff reaps Matthies more than $35 million
China-backed developer Sterling Global is snapping up another high-profile Melbourne site.
Property
Suburban office market stirred by sales
Perth-based syndicator Property Bank is preparing to recycle two Melbourne office assets after successfully offloading a suburban building last year for $23.5 million at a peak point in the property cycle.
Will home prices crash in 2017? The economists' verdict
Australia's property prices are likely to keep rising this year before slowly losing momentum and going backwards.
Sydney Harbour Marriott puts finishing touches to a $15m transformation
The Sydney Harbour Marriott hotel has undertaken a $15 million refurbishment as it prepares for a busy few years as visitation increases at the new International Convention Centre.
Mega development sites the hot ticket for investors
Development sites are generating significant interest with investors who wish to develop and take advantage of the increasing demand for residential and commercial property opportunities.
Anglican Church expands footprint
In order to combine its Sydney properties at Telopea and Dundas, the Anglican Church has acquired a Rydalmere industrial site for $8.25 million.
High society restaurant for sale in Bourke Street
The Bourke Street home of Society restaurant, in its heyday one of Melbourne's best eateries, is about to hit the market with an asking price of about $8 million.
Brisbane office vacancy rates improve, despite addition of 1 William Street
Brisbane's record office vacancy rates have improved, despite the introduction of major new commercial buildings in the CBD, a new Property Council of Australia report has found.
Trust sector looks to busy year ahead
The Australian real estate investment trust sector is the first cab off the rank in the upcoming reporting season with expectations the office and industrial managers will be popping the champagne corks, while retailers will be on the chardonnay.
Retailers feeling the pressure from expansion of overseas entrants
The appointment of voluntary administrators to the owner of the Marcs and David Lawrence brands reflects the combativeness of the retail sector.
Staff need preparation for new workplace strategies
The workplace is evolving, and encouraging change among your workforce can be as challenging as it can be rewarding.
Deals and Deeds
SEVEN HILLS $5.275m
Home or office? It's often now hard to tell
Office and home environments have been blurred for the past few years.
Port Melbourne site fetches $27.5m from developer
A consortium of lucky high-net-worth investors has more than doubled its outlay in three years, offloading a prominent Fishermans Bend site to a local developer for $27.5 million.
National office vacancy inches ahead with new developments
National office markets saw an average marginal lift in vacancy rates as new properties opened the doors, but the rate of growth is very small and predictions are that demand will again outstrip supply in the year ahead.
Investors heading into bricks and mortar with gusto
The predicted push into higher-yielding assets has started with gusto as a number of key properties are being set up for sale across the Sydney city precinct.
Taxpayers recoup $1.18m from $1.1b East West Link mess
This cute Victorian-style cottage represents the final chapter in a messy political brawl that cost taxpayers $1.1 billion.
Hobart steals property crown from Sydney, Melbourne
Hobart's property market experienced a growth spurt in the last three months, with house prices in the Tasmanian capital posting a bigger quarterly rise than all other capital cities.
Australian commercial property values at all-time highs
Australian commercial property values reached an all-time high by the end of 2016, out-pacing the levels achieved in 2007 on the eve of the global financial crisis.
Billionaire halves tower height in controversial Preston Market redevelopment
Sam Tarascio – who is worth just over $1 billion according the 2016 BRW 200 Rich List - has surprised planners and real estate agents by substantially slicing the maximum height of apartment buildings within a controversial Preston Market redevelopment in Melbourne's north.
Cleanaway sell tip sites in west for $22m
Waste management giant Cleanaway has sold two landfill sites in Melbourne's west for up to $22 million.
Office leasing markets in a busy start to year
Global co-workspace provider WeWork will become a key anchor tenant at 333 George Street, Sydney, which is owned by the Charter Hall Group's Prime Office Fund.
Sentinel sells Hunter Supa Centre for $42m
Retail investment properties are gaining traction as one of the hottest sectors with sales of more than $100 million completed in the first two weeks of 2017 and more are on the cards.
Sydney Road's hipsters targeted by developers
Sydney Road's potential for redevelopment is attracting investors. Two single storey showrooms/warehouses at 775-781 Sydney Road sold for $6,41 million.
ANZ Bank expands footprint at $430m Docklands tower
ANZ Bank and Lendlease have signed an agreement at the new 839 Collins Street tower, in the bustling Docklands precinct.
Chinese dominate in tourism investment
The rapid rise in the number of Chinese tourists visiting Australia – predicted to
Strata yields sharpen on investor appetite
Demand for strata office investments has pushed yields to record sub-5 per cent levels in Melbourne's CBD.
Fresh plans for St Kilda Novotel hotel site
One of Melbourne's most historically significant sites – where the St Moritz ice skating rink stood for decades – could make way for a luxury nine-level apartment complex under new plans lodged by Sydney developer and hospitality investor Greg Shand.
Fast food giants fighting for CBD real estate
Fast food restaurant Hungry Jacks will open another city store in Elizabeth Street after two of its Swanston Street stores were earmarked for demolition.
Development site sales reach $2.5b with more to come
Development sites are the target for small to medium-sized investors as they seek out higher returning assets at a time of record low interest rates.
Small Business
Telstra outage stings small businesses for 'thousands'
Telstra small business customers are counting the cost of the Telstra outage which continues to affect some businesses.
Should start-ups be paid to move location?
Competition for new venture HQs will get fiercer as governments recognise the value of entrepreneurship ecosystems.