Robert Le Tet – a low-profile member of Melbourne's establishment for more than three decades – is the latest businessman seeking to replace his company's inner-city headquarters with an apartment building.
Home builders have given a mixed reception to the move by APRA to tighten the lending practices on interest-only and investor loans.
Retailers Gerry Harvey and Brett Blundy are expected to be in the mix of interested parties for the $400 million-plus Home Hub portfolio in Sydney's hills district that is being sold by the LaSalle Funds Management.
The sale of a freestanding office building in Hornsby by the Abacus Property Group for $22 million, on a yield of 5.6 per cent, reflects the increasing demand for suburban offices, according to agents.
Large-scale pharmacies are stepping up their presence to become a major "disruptor" as they compete for space in malls and neighbourhood shopping strips.
More borrowers are falling behind for the first time on their mortgage repayments, credit ratings agency Standard and Poor's says.
Melbourne's second largest co-working space operator, The Commons, is planning a third office in the hip commercial precinct of Cremorne.
Upmarket private school Haileybury College is fighting to stop a 24-storey hotel development next door to its city campus that it fears will overlook and overshadow students and classrooms.
Over 2016 the options available for tenants to take up whole-floor lettings in prime grade buildings in the Sydney CBD fell by a nation-leading 93 floors.
Recent trading activity in the listed Mantra Group is linked to a possible takeover.
The substantial Parkville apartment complex which made headlines in 2013 when it was revealed the now shelved East West Link road project would straddle it, is being sold by the Andrews government.
AUBURN $6.66m.
Robert Le Tet is the latest businessman seeking to replace his company's inner-city headquarters with an apartment building.
Planning a community generally starts in advance of people building foundations.
Home owners caught up in the Watersun Homes collapse say they have been left with homes so faulty or incomplete that other builders have refused to work on them.
Mantra hotel group has seen its shares surge 12.6 per cent, amid a fresh round of takeover speculation.
A strata titled warehouse sold within a week of hitting the market for $480,000, a rate of $2000 per sq m.
A Chinese apartment builder is paying just over $8.5 million for a tired low-rise office at one of Melbourne's most valuable intersections, following an off-market negotiation.
New leasing deals signed by the state and federal governments have underpinned a surge in office deals in Melbourne's CBD in the past year. Preliminary figures, released by Savills Australia, show more than double the amount of office space was leased in the 12 months to March, totalling 569,810 square metres.
The stronger economic growth, forecast for the coming year and the availability of debt capital are expected to drive global capital flows in 2017, with US$1.7 trillion of ''dry powder'' available to deploy in real estate this year, according to the CBRE Global Investor Intentions Survey 2017.
Dial A Dump Industries has progressed with its $700 million energy from waste facility at Eastern Creek industrial park, with the lodgement of a submission for approval to the Planning Assessment Commission NSW.
Government artworks lending agency Artbank will shift from leafy Armadale to gritty Collingwood in a move that will increase its space and save on rental costs.
The acquisitive Macquarie Capital-backed Logos has added to its industrial portfolio with the purchase of a prime logistics facility leased to Toll Transport in Altona North.
Hundreds of property owners who signed up with failed construction company Watersun Homes remain without a builder to complete their homes.
Mantra Group's shares were the stock market's biggest gainer on Tuesday, surging 9 per cent amid a fresh round of takeover speculation.
The Melbourne Theosophical Society has moved to put its landmark Russell Street building on the market.
Volatility at the petrol pump has emerged as a major area of concern for shopping centre managers, due to the wild fluctuations in price over recent months.
Home prices in Australia's five biggest cities have jumped 3.7 per cent since the start of this year.
Investors including Gina Rinehart are expected to cast a ruler over the AgCAP Sustainable Agriculture Fund, which comprises 17 farms across the country, valued at between $180 million to $200 million.
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.
Money isn't everything.
The days of low-value mass production in Australia are nearly at an end so we need to think about the areas where Australia has competitive edges.
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