Call to change GST to boost affordable rentals
Global developer and infrastructure group Lendlease says it will focus on the build to rent sector.
Property
Chinese investment in Australian property drops 69pc
Signs are now emerging that the capital inflow from China to Australian property is slowing, but is being offset by Singaporean investors.
Lendlease wins Gold Coast 2018 Commonwealth Games contract
Property and Infrastructure company Lendlease has been appointed project manage for the delivery of 15 competition venues for the Gold Coast 2018 Commonwealth Games.
Scentre launches 100 new retailers to its malls
Scentre Group has opened its Westfield malls to 100 new retail brands as it looks to entice shoppers to the centres.
Developer goes to VCAT over 40-storey Fishermans Bend twin towers
A boutique Melbourne developer has taken Planning Minister Richard Wynne to the state planning tribunal, for failing to make a decision on the apartment and hotel project with twin 40-storey towers in Fishermans Bend.
Another inner-city pub for sale
A popular inner-city Melbourne pub, the East Brunswick Hotel, has hit the market.
Spencer Street tower sells for $250m amid east coast office boom
CBRE Global Investors is the latest buyer to make a splash in Australia’s east coast office market, purchasing a B-grade Melbourne tower for more than $250 million.
Cromwell to list $1.5b fund in Singapore
Cromwell Property is finalising the launch of a new $S1.6 billion ($A1.5 billion) European real estate investment trust
Singo, Dixon call last drinks at Vic on the Park pub
Business partners and long-time mates Geoff Dixon and John Singleton's Australian Pub Fund is selling the popular Vic on the Park hotel in Enmore.
Fringe office heat spreads to North Richmond precinct
The North Richmond office market is starting to thaw as it absorbs some heat from the trendy Cremorne precinct to its south.
Industrial property prepares for a fourth revolution
Greg Goodman, the chief executive of the Goodman Group has described the changes in the way a warehouse operates as "generational".
Nike flagship hits the pace on George Street
A new wave of retailers is calling the City of Sydney home as they take advantage of the changing face of the streets and the opening of stores as other tenants exit.
Auski building on Hardware Lane turns over at peak
The Hardware Lane home of Australia's oldest snow gear retailer, Auski, fetched $11.57 million at auction this week, $3 million above its reserve price, on a sharp 2.8 per cent yield.
Strong leasing market boosts Investa Office
Investa Office Fund has shrugged off constant takeover speculation by posting a solid result, boosted by what are considered to be the best leasing market conditions ever experienced along the eastern seaboard.
Bondi Beach duo add to portfolio
Pacific Bondi duo, Rebel Property Group's Allen Linz and Capit.el Group's Eduard Litver, have bought 134-138 Campbell Parade for $18.25 million
Universities beef up city presence in office boom
The big five Victorian universities are beefing up their space requirements in Melbourne's CBD, underpinning a booming east coast office market that has delivered handsomely for landlords.
JTX sells $25m Ivanhoe site for treble what it paid last year
Following two valuable windfalls, JTX International has flipped an Ivanhoe development site for a speculated $25 million – three times the price it paid mid-last year.
Low real estate listings, sales whack McGrath earnings
The challenging housing market has taken its toll on listed real estate agency McGrath, whose full-year net profit dropped 42 per cent to $4.9 million amid low real estate listing volumes.
Westfield malls look to lifestyle, food to fend off Amazon
Scentre Group, the country's biggest retail landlords has continued with its strategy to internet-proof its Westfield shopping centres by increasing the tenants in the lifestyle, entertainment and food categories.
Deals and deeds
Muveto Pty Ltd has sold a 460 sqm site at 44 Whiting Street to a private investor
Online platforms attract investors
Online investment platforms have become a viable alternative for sophisticated investors seeking exposure to the residential and commercial property market in Australia.
Transformation of old power plant surprisingly intimate
The Higher Ground restaurant has become a beacon for those wanting a sense of intimacy within what was once a power plant.
Charter Hall, Centuria boosted by capital inflow to bricks and mortar assets
Scorching demand for higher yielding, income producing assets prompts predictions of continued growth for fund managers.
Co-working space the new office market disrupter
GPT Group and Blackwall are the latest ASX-listed companies to expand their footprints in the co-working office space.
End of an era for Chapel Street antiques dealer
A family business that has been running since 1901 will end 93 years of continuous trading in Melbourne's popular Chapel Street when it sells its historic shop.
Up to half of Chinese buyers leave apartments vacant
A quarter of Chinese buying property overseas leave their apartments vacant and the majority pay for their purchase with cash, a survey of mainland Chinese customers by investment bank UBS shows.
Costco expands footprint to take on Amazon
Costco, the original international bulk goods discounter to enter Australia, has opened its ninth national store
Cedar Woods net profit rises as sales surge
Western Australian property developer Cedar Woods has posted a record net profit of $45.44 million after a bumper 12 months of sales.
Ingenia Communities boosts earnings on grey nomads
Ingenia Communities will benefit from the rise in grey nomads selling the family home and setting off around the county, before settling into low maintenance and affordable accommodation.
Now Wanda quits $763m London land deal
Dalian Wanda Group has scrapped plans to spend £470 million ($763 million) on land in London as the Chinese government's crackdown on capital flows intensifies.
Small Business
Small business trusts face 63 per cent tax rate under Labor
A 30 per cent tax rate on income earned by family discretionary trusts could mean distributed income is taxed at 63 per cent.
Kids on wheels: the Uber alternatives for kids
There's a surge in the kid-friendly ridesharing space.