Latest
Tradie shortage leaves renovators waiting up to two years
Homeowners planning to renovate may have to wait until next year to get work started and risk paying a premium, as the shortage of skilled tradies looks set to worsen.
- 55 mins ago
- Nila Sweeney
Six-week shootout for Blackstone’s $3b-plus Milestone
Gauntlet will be thrown down to brokers Morgan Stanley and JPMorgan to see whether they can pinch the asset for listed equities investors.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
Rich Lister family sells Byron pub to focus on resort
The time is right – the Rich List Flannery family is selling its Byron Bay pub, The Sun Hotel, to focus on running the booming Elements of Byron resort.
- Martin Kelly
Former Morgan Stanley exec snares discounted Torquay golf resort
Former Morgan Stanley Wealth Management vice president Jack Dahan acquired The Sands hotel and golf course at Torquay for $12.8 million; it previously sold for $23m in 2017.
- Larry Schlesinger
Swiss swoop on Swinburne Uni tower
The transaction, and the presence of an international investment house as the buyer, will inject another dose of confidence into Melbourne’s commercial market as it recovers from three lockdowns over the past year.
- Nick Lenaghan and Larry Schlesinger
- Exclusive
- Property market
Melbourne blue-blood agent denies underquoting allegations
The real estate agent son of former ACCC head Graeme Samuel says the low price guide on an Armadale home is not deliberately understated.
- Michael Bleby
How it Sold
Charlie the Unicorn pulls $35,000 extra for Carina townhouse
A Brisbane agent channelled a 15-year-old viral cartoon unicorn to attract 40-something buyers to a property he was selling. It worked.
- Michael Bleby
‘This is the best deal I’ve ever done’
A former M&A lawyer’s eight-year ambition – which others had also tried and failed – to buy a strip of the neighbouring property came together last weekend.
- Michael Bleby
Luxury Property
Missing executive’s Mosman home goes to auction for $10m
iProsperity co-founder Harry Huang’s four-bedroom residence near Sydney’s Chinamans Beach is set to sell at a loss, given he paid $11.4 million for it in 2017.
- Lucy Macken
Builders get more say with clients who don’t pay
Changes to NSW payments legislation will make it harder for home owners to withhold payment from their builder.
- Michael Bleby
More From Today
Missing executive’s Mosman home goes to auction for $10m
iProsperity co-founder Harry Huang’s four-bedroom residence near Sydney’s Chinamans Beach is set to sell at a loss, given he paid $11.4 million for it in 2017.
- Lucy Macken
Yesterday
Builders get more say with clients who don’t pay
Changes to NSW payments legislation will make it harder for home owners to withhold payment from their builder.
- Michael Bleby
Media player sells Point Piper house for $32m-plus
Bruce McWilliam sold his Point Piper investment mansion with a notorious past on Wednesday night for more than $32 million — about three times more than he paid for it in 2013.
- Lucy Macken
Australia’s most expensive private boat shed hits the market
It’s on a vast Point Piper waterfront block and is being offered to buyers on the quiet amid expectations it will set a nationwide record of up to $40 million.
- Lucy Macken
This Month
D-Day looms for AMP Capital fund
Rival proposals for the $4.5 billion fund are expected to hit inboxes within a fortnight, setting up the prospect of a unitholder vote on the future of the fund before the end of April.
- Nick Lenaghan
‘Frozen’ hotel sales market begins to thaw, more deals to flow
Expect a bounce in hotel asset sales through 2021 after transaction numbers hit a new low in 2020.
- Martin Kelly
Regional boom to drive Geelong’s biggest housing project
Covering about 1500 hectares in the proposed Northern Geelong Growth Area, Lovely Banks will eventually be home to around 15,000 homes.
- Larry Schlesinger
Industrial and healthcare bolster overall commercial property returns
Industrial and healthcare were the standout performers in the commercial property sector through 2020.
- Martin Kelly
House building surges, apartments show signs of recovery
While the latest survey data is strong, immigration needs to recover to ensure sustained growth in high-rise developments.
- Michael Bleby
Quarantine stays keeping some hotels afloat
Quarantine stays are driving up to 20 per cent of demand for capital city hotels, where occupancy rates are still lagging their regional counterparts by a significant margin.
- Larry Schlesinger
Receivers appointed at Dyldam-affiliated developer Landmark East
Another piece of western Sydney developer and builder Dyldam’s empire is in trouble.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
- Exclusive
- Shopping centres
Invesco exits Forestway mall for $100m
For Invesco, the deal is an opportunistic exit, with the sale understood to be a considerable premium to the small mall’s book value.
- Nick Lenaghan
Locked down St Kilda hotel lists for $70m
The Bayview on the Park hotel closed in March last year and has since been vandalised by local youths who posted videos of the graffiti tagged property on social media.
- Larry Schlesinger
‘Golden era’: industrial vacancy rate drops to half of office market
The national industrial property vacancy rate has fallen to 5.9 per cent, with prime vacancies at 3 per cent. It’s at zero in the specialist cold storage sector.
- Larry Schlesinger
Out of office: Lloyds, Metro Bank join retreat from workplaces
A grim picture is emerging for owners of office space leased to financial firms in London.
- Jack Sidders
Hong Kongers snap up UK homes to become landlords
While Hong Kong residents have long bought homes in Britain, real estate agents say there has been increasing interest in older apartments and houses as rental assets.
- Clare Jim and William James
Co-working companies tap into those fed up being at home
The co-working industry was devastated at the beginning of the COVID-19 pandemic but it now sees an opportunity for growth.
- Gregory Scruggs
Outgoing Steinert further boosts Stockland data
The country’s largest diversified developer says data is the new oil and wants to secure its supply of it.
- Michael Bleby
Slow steps: workers trickle back to CBD offices
The latest occupancy rates for CBD offices show there is still a long way to go to fully reactivate the country’s commercial centres.
- Nick Lenaghan
