Crown casino wins approval for 90-storey tower at Southbank
Casino giant Crown will expand its Southbank site to eight hectares after it won approval from the Andrews government to build a $1.75 billion 90-storey tower.
Property
Abacus, KKR and Riverlee Group sell World Trade Centre in Melbourne
One of the world's largest private equity groups, a wealthy investor and an ASX listed property fund have sold the World Trade Centre in Melbourne for $267.5 million.
Australia's tallest timber office on its way
The country's largest timber building will call Brisbane home in a deal worth $140 million between developer Lendlease and the Liberman family-backed Impact Investment Group.
Rag & Bone latest international retailer to land in Australia
New York fashion label Rag & Bone is the latest boutique designer to hit Australia's shores where it will open a store next month in Melbourne's The Strand arcade.
Prime Sydney office sites could reap $130m
The march of the Sydney light rail along George Street in the City is creating a bonanza for property owners as they seek to sell buildings to a new generation of developers for retail, hotels and even residential properties.
Funds swoop on suburban offices and warehouse
Fund managers have snapped up two Melbourne properties paying more than $20 million each in separate deals for an Abbotsford office and office-warehouse in Clayton.
Is it time to crack down on property investors, again?
How the regulators respond to the latest investor loan boom is shaping up as the more interesting questions in domestic banking this year – which could have a big impact on the broader real estate market.
Central Equity wins approval for another Lonsdale Street tower
Developer Central Equity has been granted approval for a 57-level skyscraper near the corner of Lonsdale and King streets, despite opposition from residents in neighbouring apartments.
SCA Property upgrades outlook amid sluggish supermarket sales
SCA Property has issued a 1.4 per cent upgrade for its future earnings, saying while supermarket tenant sales were sluggish from the ongoing price wars, there were some signs of improvements.
Italian Gothic gets buyers going
A heritage listed building at 403-405 Mt Alexander Road constructed in the 1880's for the English Scottish and Australian Chartered Bank sold for $1.8 million, a building rate of $6,315.79 per sqm.
Australia forces 15 foreign property owners to sell
Australia has forced the foreign owners of 15 illegally bought properties to sell.
Bluff reaps Matthies more than $35 million
China-backed developer Sterling Global is snapping up another high-profile Melbourne site.
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.
Small Business
Forget the hoodies, meet the new start-ups
Startup Muster reveals the changing face of start-ups.
Veda freezes business' credit due to typo
Credit agency Veda has come under fire after it mistakenly recorded a court judgment on a business owner's file.