Costco's South Australian booze battle continues
Retail giant slams "slow process" to get SA liquor licence.
Property
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.
Strong interest in Toorak flats
A group of Taiwanese-born Queensland-based investors has paid $7.65 million for a block of flats in Toorak.
Warehouse in west sold before it's built or leased
West Australian fund manager Primewest has snapped up a warehouse in Melbourne's west paying $24 million for the property which is not yet built, or even leased.
Northern demand prompts Biodiversity release
Commercial builder-developer Vaughan Constructions has released its $450 million Biodiversity Business Park as demand intensifies for industrial property in Melbourne's north.
Cafes don't come cheap in Cremorne and Hawthorn
An owner occupier paid $3.07 million, more than $800,000 over the reserve, at a hotly contested auction for a warehouse café/studio at 98 Balmain Street.
Woolies snaps up historic ABC production facility
Supermarket giant Woolworths has paid up to $50 million to buy public broadcaster ABC's former studios in the Melbourne suburb of Elsternwick.
Home auctions strengthen in every capital
Home auctions were stronger in every Australian capital city last week, despite public holidays reducing the number of properties going under the hammer and potential buyers.
Supermarket giant Kaufland may struggle to find sites
German supermarket giant Kaufland has put out a call for land or existing developments for its "ambitious" expansion plans in Australia, but it may struggle to find suitable large sites.
Aged care entrepreneur buying burnt down pub site
Seven years since it was ravaged by fire – which was a month after the local council permitted it for redevelopment – the enormous waterfront parcel regarded as Phillip Island's best site is finding its way into the hands of a new owner.
Australia seen as safe haven for investors
Demand for high quality, stable markets across Australia will keep the overseas cash coming in as investors steer of volatility elsewhere in the world.
Owners paying premiums to squeeze out developers in the suburbs
Bidding wars between owner occupiers and developers are resulting in big premiums for suburban properties, from Abbotsford to Doncaster and Box Hill.
Kingsmede divides and conquers at Padstow
Property owners are now embracing new strategies to lease sites when faced with tenants in trouble to ensure the financial stability of the assets.
Basement retail a hot ticket
Retail basements are in hot demand, with the site at 53 Martin Place, occupied by Barrio Cellar, now on the market with price indications of more than $5 million.
Small Business
The $25 million hot water business
People used to drill in the hope of making their fortune finding oil or gas. But Charles Davidson had a different idea.
Life in a call centre: could you handle it?
I spent the better part of a decade in the call centre industry – and seriously loved it.