Byron Bay's Beach Hotel sells for $70 million
Melbourne-based Impact Investment Group has paid $70 million for the Byron Bay Beach Hotel, once owned by John Cornell, known as ''Strop'' in his television days on the Paul Hogan show.
Property
Parkville residents oppose 22-level tower at former Games village
When then premier Steve Bracks was poised to sign off on the Commonwealth Games Village in 2003, protesters fought to ensure it was mostly low-rise.
Historic surprise in Sydney CBD as 1960s office block demolished
Demolition of a 1960s tower block at the old Menzies Hotel at Wynyard has delivered an historic surprise.
Myer store closures offer new space at malls
Department store chain Myer is to close a further three stores as it focuses on its strategy of less is more and smaller.
Lack of tradies causes two-year home building delay
The two-year lag time between buying land and moving into a newly built house is caused by competition for construction workers and building supplies, according to the new chief of the Victorian Planning Authority.
Google gets a Melbourne home, alongside Nike
Tech giant Google will set up its first Melbourne office in the heart of corporate Australia, leasing space in US property group Pembroke Real Estate's signature Collins Street building.
Investa resets for the future
Investa has undergone a relaunch of its "brand,vision and identity" to reflect its new business strategy.
Hyde Park dress circle taking shape in Sydney CBD
It has been dubbed the Hyde Park Dress Circle where multi-billions worth of developments are under construction or in the approval stage
Food courts the new holy grail for retailers
Food is more than a physical need.
Deals & Deeds
ST PETERS $962,500.
Retailers take space on Swanston Street
Cut price pharmacy giant Chemist Warehouse is set to open a franchise in Swanston Street, setting the scene for other leasing deals as Melbourne's Metro Rail Project significantly expands its activity in the area.
Design firm makes ordinary warehouse different
From the outside an ordinary office/warehouse and workshop in Fairfield, one of 30 almost identical warehouses on the estate, looks fairly unremarkable.
Far East looks West for big money apartment sales
Far East Consortium has so far booked $722 million in presales for Towers 1 and 2 at its massive West Side Place development on the former site of The Age newspaper in Melbourne, company documents show.
Build to rent emerging as $300b housing industry
Build-to-Rent will be a game changer for the Australian housing market with an estimated $300 billion worth of residential assets that could be owned by institutional investors
Myer family to sell St Kilda Road complex
The Myer family will offload a premium St Kilda Road office to tap strong investor interest as Australia's commercial property sector nears a cyclical peak spurred by falling vacancy rates and rising tenant demand.
George Street cements its status as Sydney's tech hub
Sydney's George Street strip has cemented its status as the tech hub of the city as tier one brands set up shop in preparation for the completion of the light rail and rejuvenation of the street.
Burnie Bunnings sells for $21 million
Diversified property player Charter Hall has begun collecting assets to seed a new consumer staples fund, paying $21 million for a Bunnings Warehouse in Tasmania.
Aveo faces class action over retirement contracts
Besieged retirement living giant Aveo faces further upheaval with legal firm Maurice Blackburn launching a class action over its use of “unfair and unconscionable” contracts on elderly residents.
Flinders Street hotels hit the market
The Schwartz family is poised to offload two hotels on Flinders Street, making the most of a market hot for both freehold properties and accommodation.
Ardent's American business boss resigns
Ardent Leisure's chief executive of the Main Event Entertainment business, Charlie Keegan, has resigned after 11 years at the helm
Investors tipped to snap-up North Sydney site
Investors are circling the revitalised North Sydney office market
Industrial assets in hot demand
Private investors are swooping on the industrial properties offloaded by former owner occupiers.
Strip shops in demand with investors
Small retail's record run continues unabated after an investor paid $1.9 million for a strata shop at 7/672 Glenferrie Road.
Village Roadshow sale will be litmus test for Ardent Leisure
Ardent Leisure's newly appointed directors will be watching the sale of the Village Roadshow theme parks on the Gold Coast and what it could mean for Dreamworld theme.
'Clear divergence': loans to property investors continue decline
Home loan approvals have shown a surprise lift in July, but the continuing decline in investor loans has underlined the effectiveness of recently introduced lending controls.
Suburban strips thrive despite retailing woes
Tatts agency owner Simon Alan says he owns one of Melbourne's most recession-proof businesses.
Village Roadshow eyes $100m theme park land sale
Theme park developer and owner Village Roadshow is planning to sell and leaseback the Gold Coast site that houses Warner Bros Movie World and Wet'n'Wild, with offers in the region of $100 million expected.
Mega-lot sales gaining in popularity with home owners
The change in strata legislation has triggered a rise in collective sales, often dubbed mega lot deals, with the number recorded now reaching to 17.8 per cent share of total disclosed sales in 2016/17.
Sydney buyers look south
The wave of Sydney investors in the Melbourne apartment market is tipped to strengthen in the next few months.
Retail tenants putting the heat on landlords
There is a battle royale looming in the retail sector and while its not directly related to Amazon, it comes about because of online shopping.
Small Business
Hacking fears take small businesses offline
Small and medium businesses are increasingly worried about hacking driving a fall in the number hosting their own website according to research.
The new normal, tats in the office
Ink is far more acceptable in business than it once was.