Mirvac discounts apartments as competition heats up
Apartments with city views over the water in one of property giant Mirvac's developments are being offered to buyers at a whopping $59,400 discount on their $495,000 advertised price.
Property
Sydney, Melbourne house prices rise
House prices have again lifted in Sydney and Melbourne but have eased in Brisbane, Adelaide and Perth.
$1.2b Circular Quay project, Virgin Australia attract Chinese government scrutiny
Billion-dollar hotel developments in Sydney and Queensland, a shareholding in Virgin Australia, and the Australia's biggest cinema chain will come under the scrutiny of Chinese regulators trying to rein in a US$215 billion ($284 billion) overseas buying spree by Chinese companies.
Office deals galvanise east coast markets
Yield-chasing investors have galvanised office markets as they run the ruler over a multi-storey complex in downtown Melbourne and a St Kilda Road office tower, just two of multiple deals in play along Australia's east coast worth up to $2 billion.
Ardent looks to Main Event business as growth engine
Ardent Leisure's new chief executive Simon Kelly has moved to put his stamp on the business,
APN servo trust comes to market
Listed property trust APN has lodged the prospectus for its long-awaited servo trust, a $323 million portfolio of 67 petrol stations and convenience stores.
There's a new food store coming called David Jones
Upmarket David Jones is undertaking a $100 million upgrade of its food business over the next three years, which will include the roll-out of stand-alone branded convenience stores.
Stamp duty, furniture: Melbourne units come with free extras
A mystery shopping trip to buy an apartment has uncovered a top tier developer offering a whopping $59,400 discount on a $495,000 apartment, about 12 per cent of the purchase price.
Iris Capital, Gallagher Hotel snap up hotels
In the biggest pub sale this year, Iris Capital and Gallagher Hotel Management have bought two key Sydney hotels with a combined value of $65 million,
Binks site adds to Footscray unit heat
Offshore developer AVIC Group has proposed a $162 million mixed-use estate for the former Binks Ford car yard in Footscray.
Amazon's Whole Foods takeover could lead to local deals
The takeover by Amazon of the Whole Food business has raised suggestions among Australian observers that a similar deal could occur over here as a way of gaining instant market share.
Deals and Deeds
MASCOT $8.7m.
Retail leases more transparent and flexible under new Act
One of the most significant and far-reaching retail legislative changes will quietly come into effect in New South Wales on 1 July 2017.
Nurses win right to go up in St Kilda
The Royal District Nursing Service is the latest organisation to turn their hand to property development, one of Melbourne's favourite pastimes.
UIM profits selling $20.5m Mount Waverley investment after two years
A Paragon Financial Group investment arm, United Investment Management, has sold a Mount Waverley office for $20.5 million – a substantial rise on the $16 million price it paid in mid-2015.
Moe transformed by new library in town centre
A striking new library and service centre has become a focal point for the Moe township.
Dexus cements top landlord status with MLC Centre purchase
Dexus Property has bolstered its stranglehold as the nation's biggest office landlord.
AMP Capital signs Electrolux at Crossroads
AMP Capital has announced the appliance group, Electrolux, will take a 10-year lease at its $130 million Crossroads Logistics Centre.
MLC Centre stars in $1.1 billion buying spree
The Sydney landmark is at the heart of a $1.1 billion buying spree unveiled by listed property giant Dexus on Wednesday.
Dexus reveals strong increase in valuations
Dexus Property says the strength of the national office market and rising land values have resulted in a $636 million, or 5.9 per cent, increase on prior book values.
Forever 21 fashion group feels the cold shoulder of shoppers
Fast fashion group, Forever 21, is the latest international retailer to face pressure from lacklustre consumer demand
Pixel chief amasses freeway entrance site in government property sell-off
Technology entrepreneur and inventor Eral Aykutyan has amassed a 2237 square metre super site in Clifton Hill at the entrance to the Eastern Freeway.
Chinese investors go on property shopping spree
Chinese investors have shown confidence in Melbourne's retail market, snapping up three assets for a combined $6,848,000.
$1.5b Circular Quay tower moves step closer
Lendlease has started the process to construct a new $1.5 billion tower at Circular Quay, Sydney, with the appointment of architects Foster + Partners.
Property prices in capital cities tick up
Property prices have ticked slightly higher across most of Australia's capital cities, although the auction clearance rate has stayed below 70 per cent.
Warehouse property sale tipped to reap $34 million
Rising demand for warehouse and distribution space- boosted by the pending arrival of online giant Amazon - has see a rise in industrial land values which has prompted asset sales.
With houses out of reach, fancy a unit as big as a car?
In Hong Kong, where housing is even more expensive than in Sydney, micro-apartments are booming.
Collins Street's top towers turf the lobby and let in luxury
The cold stone corporate lobbies in Collins Street's top towers are being cleaned out and high-end retailers are moving in.
Investors target suburban offices
Suburban offices have become prime investment targets as falling vacancies and rising rents attract more investors to the sector.
Ariadne sets date for Ardent showdown
Corporate raider Ariadne Australia is to have its showdown with Ardent Leisure at an extraordinary general meeting on September 4, in Sydney.
Small Business
The crippling impact of mental health on small business owners
Mental health is a growing workplace risk.
Why I won't bother crowdfunding again
Their crowdfunding bid exceeded financial expectations, but this Australian brand says it wasn't all that it cracked up to be.