Airbnb mulling expansion in long-term home rentals: sources
Airbnb is considering an expansion in the long-term rental business, sources say.
Property
Holiday Inn opens new Sydney hotel
The InterContinental Hotel Group is expanding its footprint with a new Holiday Inn planned in Sydney's Chinatown.
Investors plough more than $500m into office assets
Investors are seeking a foothold into the booming Sydney office market with new assets worth more than $500 million up for grabs as the owners take advantage of the high demand.
Suburban development sites continue to attract a premium
One developer has paid $3 million for a site with a permit at 21-23 Norwood Crescent in a private sale.
Amazon hunting its Australian launch pads
Amazon has made its first official step towards its entry to the Australian market with the appointment of agents, understood to be CBRE, to look for distribution sites, that will be the hub for its business across the country.
Retail centre on sale at Chipping Norton
Demand for suburban shopping centres is gathering pace as investors scramble to get a foothold into higher-yielding assets at a time when interest rates remain at a record low.
Kidman Station crowdfunding adviser runs foul of ASIC
A financial adviser who took on mining magnate Gina Rinehart by campaigning for a crowd-funded bid for the buyout of Kidman Station has run afoul of the corporate watchdog for alleged misrepresentations.
Sydney rents rise as hailstorms bend roofs
Rents across Sydney are rising with the same ferocity as the recent spate of hailstorms, that cut a swathe across western and Northern suburbs, have caused havoc with many office and industrial properties needing to be evacuated
Royal Arcade retail on Bourke St Mall comes to market
It's the holy grail of Melbourne retail. A coveted shop in the Royal Arcade with an entrance to the Bourke Street Mall is on sale. But it carries a hefty price tag of more than $30 million.
APRA fires warning shot over commercial property lending
Australia's banking watchdog has flagged concerns about commercial property lending, sounding a warning about falling lending standards at domestic and foreign banks.
Ardent theme park visitors down 34% last month, but numbers improving
Visitors are slowly returning to Ardent Leisure's theme parks after four people died on Dreamworld's Thunder River Rapids ride in October, but revenue is still down.
Freeman family lists Yarra Valley gateway site
A consortium including wealthy private investors Joel Freeman and his son, Jeremy, are offloading a major infill development site at the gateway of the Yarra Valley Wine region.
Singaporeans buy Hilton South Wharf Hotel
Singapore-based investors have snapped up the 396-room Hilton South Wharf hotel in Melbourne for $230 million in the biggest hotel deal so far this year.
Queen Vic revamp at risk, says Doyle
A $650 million revamp of Melbourne's popular Queen Victoria Market is "at risk" because the state government hasn't approved key planning guidelines covering its development, Melbourne's Lord Mayor says.
Trouble in Toorak: Trader forced to fly back from Paris to fight tax bill in person
The former owner of a Toorak house with reportedly one of the highest ever sale prices for the suburb has been forced by the court to return home from Paris to fight his tax battle.
Goodbye Willoughby: Nine announces new home
Commercial broadcaster Nine Entertainment has a new address after announcing it would end its 50-year stay at Willoughby.
Government casts off East West Link commercial buildings
The Andrews government has embarked on the disposal of a portfolio of commercial properties that were acquired for the scrapped East West Link project.
Australia 108 developer was director of Watersun Homes
A property high-flyer who developed and eventually sold Australia's tallest tower, the Australia 108 building, was until recently the chairman and director of collapsed home builder Watersun Homes.
Melbourne city bank branches are on the move
The Commonwealth Bank will relocate its Flinders Street branch to a smaller store about 50 metres further down the street, the latest in a wave of bank branch moves.
CLV portfolio on track
Bids for the 45,000-bed Campus Living Villages portfolio, which reach to $2 billion, are expected by the end of the month.
Shopping centres must change to survive
Shopping centre landlords have been at the forefront of adapting to the change in consumer retail habits, but there is still further to go as the sector continues to evolve.
New milieu as gentrification takes over Fitzroy warehouse
The inner city is quickly being gentrified with new housing developments.
Chapter Group pays $15m for a front garden in Toorak
Local developer Chapter Group has quietly snared another high profile site, this time in Toorak and in unusual circumstances.
Lendlease, Westfield expand UK projects
The global expansion for Australian-listed Lendlease and Westfield will see the two groups take on very large projects in the year ahead across London.
WOTSO boosts Blackwall earnings
BlackWall Limited continued its strong revenue growth of 33 per cent to $7 million in the first half of the 2017 financial year, driven by the expansion of the WOTSO co-working sites
Deals and Deeds
Dunnett Super has sold a 730 sqm site in Chatswood for $5.8m.
Co-agency - are two agents better than one?
Some agents reel at the word "co-agency" and will do anything they can to avoid sharing a listing and collaborating with other agents in the market.
Watersun Homes collapse leaves pregnant woman, fiance in the lurch
Ebony Murner and her fiance Matthew Filmer are expecting their first child and had been hoping to move into her new home in two weeks' time. Now, thanks to the collapse of builder Watersun Homes, they're going to have to think again.
Ultra-rich set their sights on Sydney, Melbourne property
Some of the most wealthiest people in the world have discovered Australia and they are coming here in droves, according to the latest Wealth Report 2017, released in London on Tuesday.
Watersun Homes goes into administration
A home building company that once sponsored the St Kilda Football team has gone into administration with the loss of 90 jobs.
Small Business
'I'm gobsmacked': Banks fail to comply with unfair contract laws
Review by ASIC and the Australian Small Business and Family Enterprise Ombudsman finds big four banks fail to comply with unfair contracts legislation for small business.
Avoiding the post-work witching hour
Physically separating your work and home life helps to de-stress from the day.