Business

Property

The Republic Hotel in Bridge Street, Sydney, sold for about $35 million.

Hotels hit straps as long-time owners cash out

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 freehold of McPhee's Fine Antiques has sold for $4.25 million.

Generational shifts as shops change hands

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.

Central Equity says its Melbourne development pipeline had swelled to $3.2 billion.

Central Equity books record $145m profit

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.

The Pompei boat yard in Mordialloc is being sold for the first time in more than 70 years.

Curtains close: Kirby family sell Sorrento cinemas

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.

Quality lending practices must be maintained.

Predatory lenders circle in finance sector

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.

Going, going, gone: Australia's housing boom is "offically" over, UBS says.

Australia's housing boom is 'officially' over, UBS says

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.

Former federal health minister Dr Michael Wooldridge was originally hit with a 27-month ban and a $20,000 fine.

Former Howard minister cleared in ASIC case

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.

Small Business