This $180 million Bunnings deal is a big box game changer
Hardware giant Bunnings has sold four newly-built stores to CBRE Global Investors in a $180 million deal that recalibrates values in the sought-after sector.
Property
Melbourne's office market outperforms
Melbourne's office market outperformed the rest of the country over the third quarter of this year with a rapid decline in incentives, strong effective rental growth and tightening vacancy, according to CBRE research.
Elermore Shopping Centre sold for $18m
The Bamm Group, owners of the Elermore Shopping Centre, have sold their neighbourhood mall in Newcastle to a private syndicate for $18 million
Walker Corp breaks ground on $2.4b Parramatta Square
Developer Lang Walker, Parramatta City Council and Property NSW, have broken ground on his $2.4 billion Parramatta Square site
Zara fashion in talks to close first Aussie store
After its rock star-like opening and fast expansion program, it is understood Zara fashion group is in talks to break its lease at the QIC-owned Robina shopping centre on the Gold Coast, due to the challenging retail sector.
Syndicate swoops on Hawthorn office
A syndicate has snapped up Benetas' head office in East Hawthorn, paying $24.65 million on a 5.5 per cent yield.
City-fringe offices fetch big prices
A vacant two-level office building at 320 Kings Way sold under the hammer for $1.22 million, at a building rate of $5,550 per sq m.
Chinese property investors still call Australia home
The amount of cash flowing out of China into property has halved within a year but Australia is still the preferred destination for Chinese investors able to get their money out.
Auctions rise but Sydney home prices slip
Sydney home prices have again fallen while Melbourne's have remained flat, but more properties have gone under the hammer and the national auction clearance was higher last week.
Tech giants turning Sydney's CBD into 'Silicon Place'
Global technology titans including Amazon.com, LinkedIn and Expedia are congregating in Sydney's central business district, providing a commercial property fillip just as Australia's record housing boom starts to tire.
Hasty rate hikes could trigger housing crash, UBS warns
As property prices come off, but wages fail to grow, people are much more sensitive to interest rate hikes, says UBS.
Gurner and Smorgons to launch apartment complex
Developer Tim Gurner is set to launch a luxury Melbourne apartment complex in a joint venture with a branch of the wealthy Smorgon family.
Essendon Fields in fight with government over land tax
Trucking magnate Lindsay Fox and property veteran Max Beck have been underpaying land tax at Essendon Airport, a site they lease from the federal government in Melbourne, court documents allege.
Lendlease says timber to Barangaroo South
Lendlease has expanded its presence in the engineered timber building sector after lodging a planning application with the Department of Planning and Environment for a second office property at Barangaroo South.
Government restrictions bite as first home buyers shut out investors
Investors are being pushed out of Australia's housing market with government regulations generating a 6 per cent drop in investor loans as first home buyers record "strong growth" for the first time in years.
Co-working office headhunting corporates
Co-working office operators are going after growth in the corporate market, boasting of 25 to 30 per cent savings on the cost of a traditional office lease.
Hemmes expands pub empire with $70m shopping spree
Pub tsar Justin Hemmes has cemented his position as the largest single owner of popular Sydney pubs, splurging more than $70 million on the purchase of three major hotels over the past three months.
Hungry Jack's embraces new-look restaurant
The move to offer fast food in a more restaurant-style format is being embraced by all operators as they strive to make customers linger for longer.
Tropicana Caffe goes for $6m
Darlinghurst's Tropicana Caffe – the birthplace of the world's largest independent film festival, Tropfest – has sold before auction for $6 million.
Drapac sells down US funds, targets city venture
Father and son property players Michael and Sebastian Drapac have begun to sell down the once-distressed assets in their US funds as they reposition themselves for another American property venture.
Amazon will impact retail rents as it heads into apparel
Amazon's expansion in Australia will accelerate growth in the online retail market and this will result in reduced growth in turnover of some shopping centres.
Office tenants in 'FOMO' mode
FOMO ('fear of missing out') is a thing, it's real and in fact it's the principle that the residential property market in Australia has played on for years and is why auction is the preferred method of sale in NSW.
Leasing ladder
SYDNEY $2,390 sqm net.
Sentinel Property Group flips second Melbourne asset
Warren Ebert's Sentinel Property Group has flipped a second Melbourne commercial asset in as many months.
Time travels slowly as tram depot gets facelift
Heritage is not just confined to period buildings. It can cover gardens, shipwrecks, archeological sites or even tram depots.
Melbourne can't wait for its new CBD park so it opts for a pop-up
Plans for a permanent park at the intersection of Flinders and Elizabeth streets have been postponed until after a $40 million revamp of an office building on the corner has been completed.
Debt markets are back in fashion for property
TH Real Estate will focus on offering debt investments to lenders who are looking for more non-bank financing
Real estate feud ends with rivals joining forces to sell
Two feuding Singaporean investors who engaged in one of Melbourne's most acrimonious real estate battles have joined forces to sell their development sites.
T2 shop in Camberwell sells for $6m
Two investors last week struck a deal over a strong cuppa, exchanging a T2 shop in a private off-market sale for $6.008 million.
Three-way land deal enables new hospital, college and Salvo hall
Three years ago Box Hill Institute had a dilemma – its music, fashion, design and IT buildings were falling apart and it didn't have the money to fix them.
Small Business
The rise of the social network: One in three Australian small businesses built on Facebook
The social media giant is making inroads into the "really rich" Australian small and medium business market.
When registering for GST is compulsory
The industry selected for special tax treatment.