Business

Property

Stockland townhouses at Willowdale, Sydney.

Retail rout isn't stifling Stockland

Stockland, one of the country's largest home developers, said the strong residential markets along the eastern seaboard, stable retail sales from its tenants and higher office rents going forward, will underpin its growth in the full year.

Melbourne was the nation's strongest performer for industrial property sales in 2016.

Melbourne industrial property surges

Melbourne industrial property deals surged to a record $1.92 billion in transactions in 2016, a 15 per cent increase on the previous year.

Developer Intrapac has purchased part of Aspendale's Rossdale Golf Club.

Chinese developer buying hilltop site for more than $20m

An elevated Wheelers Hill super-site until recently occupied by the Sage Institute of Fitness, which went into voluntary administration last week, has sold to a China based builder for a speculated price of more than $20 million.

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