Crane numbers soar to new heights in Melbourne
Crane numbers in Melbourne reach record levels amid surge in residential and commercial development.
Crane numbers in Melbourne reach record levels amid surge in residential and commercial development.
At least 581 apartment buyers have been left in the lurch after a Singaporean developer pulled the plug on a glittering 71 storey Melbourne tower following a long and bitter legal battle that undermined the project.
Generational change and booming property values are hitting pub ownership as hotels without underpinning pokie machine income or trendy destinations face an uncertain future.
The last parcel of Sir Reginald Ansett's former estate, a 22- hectare beachfront grazing property in Melbourne's bayside Mount Eliza, has been put on the market with expectations around $40 million.
South Yarra fruit and vegetable wholesaler Daniel D'Andrea has snapped up the Chapel Street premises of one of Melbourne's longest-running antique dealers, McPhee's.
Prolific apartment developer Central Equity has dismissed the existence of "ghost" apartments as Australia's population boom propelled the group's projects to near "full occupancy" and provided $802 million in new settlements.
Developers are now meeting the demand for industrial property by constructing speculative sites then offering them for lease once completed.
Online shopping giant Amazon is tipped to officially start its Australian business by the end of November to coincide with the Black Friday and Cyber Monday shopping frenzy, when retailers drastically reduce prices.
Multiplex has completed stage one of The Terraces at Paddington
It is the end of an era in cinema ownership circles, with Village Roadshow founders and owners the Kirby family disposing of two picture theatres, including a historic ex-hall in Sorrento which it controlled for more than 70 years.
Recent tightening of lending criteria in the banking sector has not only dramatically reduced financing options for companies, but has also created a perfect storm for what could be described as "predatory" lending practices by some second-tier credit providers.
Nestled behind a two-storey Victorian shop in Collingwood sits a striking extruded black steel box.
COFFS HARBOUR $5.175m
Going, going, gone: A global investment bank has called the end of Australia's world record housing boom, saying the golden years are "officially" over after home prices fell in Sydney for the second month in a row.
The corporate watchdog has suffered a devastating legal blow after a court threw out its case against the former directors of collapsed retirement village owner Prime Trust, including former federal health minister Michael Wooldridge.
Sydney's house prices have fallen for the second month in a row, and it has produced its first quarterly fall since last year.
Ever wanted a 'castle' in central London?
Sydney's city and North Sydney skyline are set to alter once more with the construction of an office, residential and possible hotel towers on the top of the new Sydney Metro stations.
Diversified property group GPT is on track to post a 3 per cent growth rate in its full-year funds from operations.
New home sales continue to dive, with the number of new unit sales plunging at more than triple the rate of new houses.
Charter Hall Retail REIT will focus on increasing its portfolio with larger-scale, food-anchored neighbourhood shopping centres
Cedar Woods has sold more than half its $27.5 million strata office building in Melbourne's western suburbs in just five months.
Two more office towers are in play on Australia's east coast as offshore money continues to underpin commercial property values.
Strata office values are soaring with a fully-leased, whole-floor office at Level 5, 271 William Street, in Melbourne's legal district fetching $2.5 million.
Landlords are cashing in on Melbourne's thriving cafe culture by transforming their ground floor foyers into retail venues.
Nowhere on earth is wealth being created faster than in China's mainland property market.
Investors appear to be cooling their heels as modest bidding yielded sales for only five of seven properties offered for auction on Thursday night.
The growth in online shopping and the imminent arrival of Amazon, which is expected to target food, among other sectors, has put the pressure on Australian retailers to change the way they distribute goods and services.
Joe Chahin's Peregrine Projects has snapped up a Collingwood showroom and car park he first tried to buy 20 years ago.
The Greater Sydney Commission's new Region Plan for metropolitan Sydney has been released, along with a draft Future Transport Strategy that links where growth will occur with new public transport.
The food delivery start-up gets set for the next stage of its foray into Australia, building its own kitchens to bypass diners and restaurants' existing customer bases.
As the cost gap between international and local holidays widens, tourism industry risks losing domestic travellers.
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