Parramatta, the capital of western Sydney, is throwing down the gauntlet to the east, after the green light was given to a $225 million mixed-use project to revamp the rundown former Auto Alley in Church Street.
German industrial giant Siemens and paint manufacturer Dulux are set to off-load property into the hottest market since the global financial crisis.
A corner property leased to The Good Guys, Goodyear and Burson Auto in Melbourne's Hoppers Crossing has sold for $11 million.
The Dreamworld theme park tragedy has hit the hotel sector, with Australia's largest listed resort and hotel operator Mantra Group reporting "challenging" conditions on the Gold Coast, although the group's net profit was still up nearly 23 per cent on the previous year to 45.6 million.
The rise in the use of online shopping has led to a boom in demand for industrial property with take-up of warehouse space likely to hit record levels by the end of the year, according to JLL.
Property owners are taking advantage of the strong demand for higher-yielding bricks and mortar assets with more than $410 million being offered
Sydney's hotels have been "standout performers" this year, but a surge of new hotels in Melbourne has reduced occupancy levels in the southern capital.
Significantly fewer new apartments were sold in Australia in July, contributing to a slide in new home sales for the month.
Thirsty investors lapped up a liquor store in South Caulfield, which sold for $3.6 million on a very tight 2.8 per cent yield.
Global developer and infrastructure group Lendlease says it will focus on the build to rent sector.
Signs are now emerging that the capital inflow from China to Australian property is slowing, but is being offset by Singaporean investors.
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 Group has opened its Westfield malls to 100 new retail brands as it looks to entice shoppers to the centres.
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.
A popular inner-city Melbourne pub, the East Brunswick Hotel, has hit the market.
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 Property is finalising the launch of a new $S1.6 billion ($A1.5 billion) European real estate investment trust
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.
The North Richmond office market is starting to thaw as it absorbs some heat from the trendy Cremorne precinct to its south.
Greg Goodman, the chief executive of the Goodman Group has described the changes in the way a warehouse operates as "generational".
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.
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.
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.
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
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.
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.
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.
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.
Muveto Pty Ltd has sold a 460 sqm site at 44 Whiting Street to a private investor
Online investment platforms have become a viable alternative for sophisticated investors seeking exposure to the residential and commercial property market in Australia.
The trend is allowing giant malls to rip the character from suburbs.
A $5 million threshold makes much more sense.
Save articles for later.
Subscribe for unlimited access to news. Login to save articles.
Return to the homepage by clicking on the site logo.