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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.
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.
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.
One of Australia's largest student accommodation providers has been been forced to pay almost $90,000 after making false and misleading claims to students and failing to put their rental bonds in a trust.
The pending arrival of the global Amazon group has sparked a rise in demand for industrial property, according to agents.
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.
Sydney's tightening office market has led tenants to seek smaller premises to get a foothold in the city, according to agents.
Dexus Property has undergone a rebrand to "lift awareness, shift conversation and enhance value".
Office towers are not just a place to work. They must offer so much more, not only to attract staff but to keep them.
It's been a long time coming, but North Sydney is back on the rise thanks to some flagship arrivals.
Make Good is a tenant's obligation to return their premises to a particular condition defined in their lease – costs can be high, but tenants can reduce their liability.
CHATSWOOD $210 sqm gross. Freelease Copiers has leased a 573 sqm site at unit 6/19-21 Gibbes Street from Mansell Investments P/L. The lease term is three years plus a three year option. Hugh Anderson, Sutton Anderson.
Comparing cities, such as Melbourne to New York often appears odd. However, visiting SJB's new office has a sense of the New York loft.
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.
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 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 high rents in the apparel sector must come down to reflect the challenges weighing on this retail segment.
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.
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 are hunkering down as the housing sector faces a tsunami of warnings from regulators and banks.
A serviced apartment in Hawthorn has sold for $15 million to a first-time Chinese investor, underpinning continued offshore demand for commercial property.
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.
Retail giant slams "slow process" to get SA liquor licence.
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
The Bourke Street home of Society restaurant, in its heyday one of Melbourne's best eateries, has sold for $8.07 million.
Retail assets in Victoria have continued to strengthen with an IGA supermarket in Stawell changing hands for $5.11 million.
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 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.
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 has performed its most astonishing act – disappearing, on its 80th year anniversary.
Small is beautiful for an increasing number of coffee purveyors converting unloved city spaces into thriving hole-in-the-wall cafes.
Co-working grows up as WeWork launches in Australia.
The plan to release this data is a huge win for businesses that do the right thing and pay their bills.
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