Retail and office assets top yield hunter's shopping lists
Overseas-based investors are stepping up the competition to domestic players in the race to buy the $3 billion Blackstone retail property platform.
Property
Small investors set petrol stations alight
Cadence Property Group has sold a 7-Eleven petrol station off-the-plan for $5.41 million as service stations and convenience stores with long leases continue to attract small investors.
Industrial development land in investors' sights
The investment market for industrial property is the strongest that developers and agents say they have seen for many years.
Struggling Chinese owner of Darwin Port offloads Melbourne property
The heavily-indebted Chinese owner of Darwin Port, who is struggling to make payments on money borrowed to pay for the port lease, is offloading two large development sites in Melbourne worth $40 million.
Russo's Caydon snaps up Northcote site
Caydon Property Group has snapped up a permit-approved apartment development site off market in Northcote for $4.05 million.
Late school holidays hit Dreamworld visitor numbers
Embattled theme park Dreamworld has blamed changes to Victorian school holiday dates for a 30.5 per cent decline in visitors in June compared with the same period last year.
'First in a millennium' offer too good to refuse
Charities – like lots of businesses – have been suffering in the current economic climate.
AMP Capital snaps up Newcastle mall for $163m
In a boost to the Newcastle CBD, AMP Capital has snapped up the Marketown Shopping Centre, for $163 million, on behalf of its client, Sunsuper.
No need to fear a housing bubble, says HSBC economist
Soaring home prices in Australia's biggest cities are driven by strong demand and a lack of supply, rather than being a sign of a "bubble," according to HSBC Holdings local chief economist Paul Bloxham.
Laneway yields sharpen as investors move off the strip
Melbourne's enthusiasm for laneway culture is starting to show up in the prices paid for the shops dotting the bluestone-paved strips off the main shopping beat.
Boroondara development sites fetch $14.4 million
An offshore developer has snapped up a permitted development site on Canterbury Road in Surrey Hills, shelling out $9.4 million.
Emerging assets in hot demand for yield hunters
Demand for a diversified property portfolio has led to a rise in sales of non-core commercial investment assets.
Retail challenges on the cards
It has been a bumpy ride for retailers, and while the latest data shows an improvement, it comes amid heavy discounting to clear out excess stock, which is eroding margins.
Property investors focused on yield spreads
As the new financial year gets underway, Asia Pacific real estate investors remain heavily focused on yield spreads
Andrews government banking $36m from two Brimbank ex-school sites
The Andrews government is banking $36 million from the sale of two former schools in Melbourne's north-west.
This office cycle is different
Office landlords live in a constant state of optimism.
Leasing ladder
EVELEIGH, $700 sqm gross.
Homey, cosy offices the way of the future
For the past decade, commercial office design has been moving towards domesticity.
The $850m Star Gold Coast transforming Broadbeach
The new $400 million, 700-key hotel and apartment tower at The Star Gold Coast is getting closer to fruition and sales of the apartments are due to start in the coming weeks.
Ardent soars as Aveo's backers buy in
A company controlled by Aveo's billionaire chairman Seng Huang Lee has acquired a substantial stake in Ardent Leisure
Investors hit the beach
Developers and investors are flocking to the beach and the coast to get a foothold on the property sector.
St Kilda Road leases targeted as retailer leaves
The St Kilda Road office space vacated by retailer Target has been leased as a new wave of local and international businesses flock to the leafy boulevard.
Industrial deals slow as yields sharpen
Industrial sales plummeted by nearly a third over the past 12 months as the supply of investment-grade stock dried up with yields compressing 15 basis points in response to the shortage.
Shops shine as investors look to retail
About $4.234 million worth of retail investments in Cranbourne North's The Avenue town centre sold in one line.
Australia Post sells half share in Melbourne tower to Singaporeans
Australia Post has inked a deal with giant Singaporean fund Keppel REIT to sell it a $347.8 million half share in a Melbourne tower to be built for Victoria Police.
Spotlight Group sells $50m Box Hill haberdashery
The Spotlight Group has sold a permit-ready development site in central Box Hill, which was listed with a price guide of about $50 million.
Centuria swoops on industrial site
Acquisitive fund manager Centuria has followed up its purchase of Target's headquarters in Melbourne's west with an industrial deal worth $37 million.
Another West Melbourne site stretches tower height limits
Quarry owner and private developer Paul Lofitis has gained planning approval for a 20-storey apartment complex on a site in Spencer Street he purchased for $12.75 million in December last year.
Locals clamour for M City flats
Stage one of the $1 billion Saraceno-Schiavello M City project in Clayton has almost sold out in just two weekends of marketing.
Trusts deals end a busy financial year and await the Amazon juggernaut
Its been a matter of out with the old and in with the new in the final week of the 2017 financial year.
Small Business
Predatory behaviour warning on Airtasker
'Airtaskers' who provide services through the platform are also at risk.
Real tax benefits for small business owners
The increased tax offset means a tax reduction for small business.