Australian property 'cheap' for Chinese buyers
Australia's property market is booming but in the eyes of foreign buyers it is still relatively cheap, and a new Credit Suisse report shows demand remains strong.
Property
Stamp duty changes will drive away investors, says Charter Keck
Changes to Victoria's stamp duty rules will add up to $29,000 to the cost of an inner-city apartment for investors and undermine future new housing development, analysis by Charter Keck Cramer suggests.
Receivers sell central Geelong medical centre for $20m
Receivers for the bank that financed Singapore's International Healthway Corporation's $28 million purchase of the Geelong Private Medical Centre three years ago have sold the regional property for a speculated $20 million.
Former PM Keating turns property financier
Former prime minister Paul Keating has taken a financial stake and board position at property financiers MaxCap, a group leading the charge on super funds investing in lucrative commercial real estate lending.
Scanlan & Theodore owner buys store in Brighton
Upmarket fashion retailer Scanlan & Theodore looks set to open a large store in Church Street Brighton after buying a double fronted shop for $8.37 million.
LOGOS Property ink $60m industrial land deal
LOGOS Property has increased its footprint in the industrial property space with two new sites that have an end development value of about $60 million.
Premier Investments says retail rents too high in apparel sector
Premier Investments says high rents in the apparel sector must come down to reflect the challenges weighing on this retail segment.
Rents rise as vacancies reach historic low
Melbourne's vacancy rate tumbled to its lowest point in nearly 10 years even as regulators try to stem the pace of new residential development.
Folkestone, Villa World on expansion path
Investors are being tapped for about $40 million with the launch of a new fund by Folkestone and a capital raising by Villa World.
Developers hunker as banks turn off dollar tap
Developers are hunkering down as the housing sector faces a tsunami of warnings from regulators and banks.
Hawthorn serviced apartments sell for $15m
A serviced apartment in Hawthorn has sold for $15 million to a first-time Chinese investor, underpinning continued offshore demand for commercial property.
Mont Albert's commercial values jump 35% over 15 months
A local investor has reaped a 35 per cent increase on two shops bought 15 months ago. The identical shops at 2A and 2B Milne Road transacted for $800,000 in late 2015 and sold again last week for $1.08 million.
Costco's South Australian booze battle continues
Retail giant slams "slow process" to get SA liquor licence.
Fed rate rise boosts Australian property interest
Australian property is expected to be a beneficiary of the lower for longer global interest rate environment as investor seek out stable, safe haven that bricks and mortar offe
Society restaurant building sells for $8m
The Bourke Street home of Society restaurant, in its heyday one of Melbourne's best eateries, has sold for $8.07 million.
Regional supermarket yields sharpen
Retail assets in Victoria have continued to strengthen with an IGA supermarket in Stawell changing hands for $5.11 million.
Super and pension funds fill commercial property void
One of the country's biggest superannuation funds, Australian Super, is poised to intervene in the Australian property market, with more than $100 million allocated to fund individual projects.
Big gun malls in the billion-dollar sales club
Big gun shopping centres are now turning over an average $1 billion-plus in annual sales, putting paid to any concern than they are not relevant to consumers.
Investor pays $4.5m for KFC Tamworth
A Melbourne-based private investor has snapped up an existing KFC restaurant site in Tamworth for $4.47 million, reflecting a yield of 5.1 per cent.
Bernard's Magic Shop disappears as a bricks-and-mortar retailer
Bernard's Magic Shop has performed its most astonishing act – disappearing, on its 80th year anniversary.
Size no barrier for hole-in-the-wall coffee outlets
Small is beautiful for an increasing number of coffee purveyors converting unloved city spaces into thriving hole-in-the-wall cafes.
WOTSO expands with increased demand
Flexible workspace provider, WOTSO, is expanding its offering to attract scale-ups and growth businesses with larger spaces of up to 500 square metres, catering to the middle ground between workspace users and commercial tenants.
Driving housing supply and affordability
New Premier Gladys Berejiklian has made housing affordability and housing supply as top priorities for her government with a focus on metropolitan Sydney.
Deals and Deeds
SG Gaming Australia Property Pty Ltd has sold an industrial property at 13 Sheridan Close in Milperra for $5.7 million.
$700m stake in Sydney's tallest building up for sale
A half share in the tallest building in Sydney, the $1.1 billion MLC Centre, is up for grabs as co-owner QIC Global Real Estate looks to take advantage of the hot office market.
Web Dock West gets a Le Corbusier makeover
Web Dock West in the Port of Melbourne is a fairly harsh environment. Giant sheds and machines dot the concrete landscape, magnified by the lack of trees.
Collapsed developer spells trouble for Waterford residents
New home owners have been left in limbo after the collapse of a land developer in Melbourne's outer north-west.
Accenture tipped as anchor at International House
Global advisory firm Accenture, has firmed as the anchor tenant for the Lendlease timber building, known as International House, being constructed at Sydney's Barangaroo.
Chinese developers face headwinds, warns Moody's
Ratings agency Moody's Investor Services has warned that Chinese developers will face increasing competition after the Chinese government said it would fine-tune some measures to curtail price hikes in some cities.
Third Street plans $1.35b in Fishermans Bend projects
Boutique Melbourne developer Third Street is taking the plunge and banking on home buyer interest in Melbourne's newly emerging Wirraway precinct, a former industrial area in Fishermans Bend.
Small Business
How McKelvey's side hustle became co-working giant WeWork
Co-working grows up as WeWork launches in Australia.
Revealing small business tax debts to credit agencies a major win
The plan to release this data is a huge win for businesses that do the right thing and pay their bills.