Sydney's dramatic fall in home ownership revealed
The slump in home ownership rates coincides with soaring property prices and rising population density in many Sydney districts
Property
Russell St site sells on sub-1 per cent yield
Melbourne's Theosophical Society will need to find a new spiritual home after selling its Russell Street headquarters for about $23 million
RG Property sells $30m+ Village Dandenong
West Perth-based RG Property has found a buyer for a two year old retail asset in Dandenong South - the suburb where retail giant Amazon confirmed last week in job advertisement, it was opening a fulfilment centre.
Jerry Schwartz buys into the Liberman's Four Points Sheraton
Hotel developer, Dr Jerry Schwartz has increased his footprint in the southern end of the Sydney city
Flammable building cladding will have to go: VBA
All buildings that have used flammable cladding will need to have it removed, an operation likely to cost billions of dollars, the head of the Victorian Building Authority says.
Mirvac sells half-share in Olderfleet building to Singapore's Suntec
Diversified property group Mirvac has sold a half-share in its signature Olderfleet development in Melbourne at a benchmark price that will help re-rate premium office values in Australia's east coast office market.
Existing home owners get a free ride, again
Standard procedure for gormless politicians is to tax by stealth. So it is with infrastructure levies on new housing.
Vicinity's $500m buyback better than 'above the odds' buying
Retail landlord Vicinity Centres has joined its real estate investment trust peers with a share buyback of about 5 per cent of its register, valued at about $500 million.
Ariadne says it has strategy to unlock $1b in value to Ardent investors
Corporate raider Ariadne has identified a range of new proposals that could unlock up to $1 billion in value for Ardent shareholders.
Box Hill high-rise boom gathers pace
A string of strong sales in Box Hill show developers have turned their focus to Melbourne's eastern suburbs, dramatically bumping up land rates.
Singaporeans make $10m after selling St Kilda site
A low-rise apartment block on Melbourne's leafy St Kilda Road boulevard has been snapped up by a Taiwanese developer handing Singapore-listed construction and property company Lian Beng Group a tidy $10 million profit.
Frasers books $190 million in new warehouses
Frasers Property Australia has a new $190 million industrial pipeline after signing a string of leases pre-committing to more than 130,0000 square metres of new space.
Bank buildings prove their worth to property investors
The Bendigo Bank building, a 788sq m, two-storey freehold at 4 Prospect Hill Road, has sold under the hammer for $7.03 million on a sharp 4.2 per cent yield
Westpac in talks with Charter Hall over Hastings sale
Westpac has entered into exclusive discussions with property giant Charter Hall Group to sell its infrastructure investment business Hastings Management.
Parramatta mall reaps $42m for vendor
Investors are committed to bricks and mortar with more than $100 million of office and retail assets changing hands across Sydney in the past week at competitive yields and prices.
'Malvern's finest residence' to make way for apartments
Apartment developers have snared another prominent estate in the heart of Melbourne's blue-ribbon belt.
Kozminsky jewellers building sold to Gianarelli family for $7.6m
The former home of Kozminsky jewellers in Melbourne's Bourke Street has changed hands for $7.6 million after being snapped up by Melbourne's Giannarelli family, setting a new benchmark land rate in city.
Land deals reach $1.8b as developers move to fringe
Residential land transactions have totted up $1.8 billion over the past 12 months resulting in big increases in median prices for housing lots.
'We're ploughing ahead' - what's next for Masters
Big-box retailing is in for its biggest shake-up in years.
Ulumbarra Theatre performs jail break
Overlooking Rosland Park in Bendigo, a heritage-listed jail from the mid-19th century is now a performance and educational centre for the City of Greater Bendigo.
Race for office space at Olympic Park breaks all time trials
Under the watchful gaze of Charles Moore, the chief executive of the Sydney Olympic Park Authority, the precinct is preparing for a multi-billion-dollar overhaul.
Meet the net companies taking on the NBN
The fraught business of choosing a broadband carrier to wire up a new property development is poised to intensify even as NBN Co covers half of Australian households.
Another commercial agent offers South Melbourne block
An executive with Melbourne real estate agency Lemon Baxter is practising what he preaches to clients – listing the building, in an apartment hotspot, for sale.
Land values surge in Sydney south west
Increased demand for industrial property assets has led to a sharp rise in land values in Sydney's south west and outer west.
Park Hyatt, Barangaroo take out the gongs
The awards season for the property sector is under way
Veriu hotel chain has lofty ambitions
What started as two mates sharing a flat in Bondi, Sydney, with a vision, has become a hotel chain with seven assets and growing.
Non-bank lenders moving into the spotlight
Non-bank lenders are \experiencing record demand from land buyers and developers as the big banks further tighten credit controls.
Leasing Ladder
Interactive Projects P/L has leased a site at 3/30 Burrows Road, Alexandria from a private investor.
Capital cities office vacancies lowest in four years
Getting a sandwich in the city at lunchtime is taking a lot longer these days.
The Sydney suburb where 99.9 per cent of people live in a flat
Sydney Olympic Park might have the highest density in all of Sydney but there are now 15 suburbs where 90 per cent or more of us live in an apartment.
Small Business
Pope Joan bans cash after three robberies
Increasing numbers of cafes are ditching cash due to security concerns.
Do you work from home when sick?
It's another way for companies to squeeze out more productivity, or staff to demonstrate commitment and hang on to their job.