Latest
Goodman creating a ‘Milestone’ portfolio every six months
Greg Goodman says the $3.8 billion sale of the Blackstone portfolio is a bellwether of the appetite for logistics assets globally, but it doesn’t need to buy assets.
- Larry Schlesinger
Housing boom propels market beyond $8trn
The total value of Australia’s residential real estate has soared past the $8 trillion mark for the first time.
- Nila Sweeney
- Exclusive
- 2021 Tokyo Olympics
Returning Olympians may shack up in empty student digs
Olympic authorities are proposing student accommodation be used to quarantine athletes and officials returning from Tokyo to avoid burdening existing quarantine facilities.
- Michael Bleby
Marriott looks to stamp its mark at Sydney Airport
Marriott development director Richard Crawford is confident accommodation demand at the airport will return to pre-pandemic levels by 2023.
- Larry Schlesinger
Dealmaker Jon Adgemis drops $17m on another Sydney pub
The Sydney business identity Jon Adgemis has expanded his inner-city pub portfolio with the purchase of The Strand Hotel in Darlinghurst.
- Martin Kelly
East coast logistics portfolio tipped to fetch $200m
The four distribution centres in Melbourne and south-east Queensland could trade on a yield of just 3.6 per cent as waves of capital seek exposure to logistics.
- Larry Schlesinger
How it Sold
Investors are back, but they’re not who you might expect
A tight market and rising rents gave one aged care resident the opportunity to pay for his care costs without whittling down his savings.
- Michael Bleby
Home shortage pushes Paddington buyers (and agents) out wider
The Sydney suburb and Woollahra are only five minutes apart, but a cultural gulf divides them. Or it did, until the tight housing market started forcing change.
- Michael Bleby
Luxury Property
Grant Hackett’s luxe villa on ‘Millionaires’ Row’ sells in five days
The former Olympian’s plush beachfront holiday home in the prestigious Gold Coast suburb of Mermaid Beach was snapped up for $2.625 million.
- Rachel Wells
Ex-Rich Lister sells Toorak home for $14.25 million
Raging demand for property in Melbourne’s most prestigious suburb is drawing other luxury homes onto the market.
- Michael Bleby
This Month
Grant Hackett’s luxe villa on ‘Millionaires’ Row’ sells in five days
The former Olympian’s plush beachfront holiday home in the prestigious Gold Coast suburb of Mermaid Beach was snapped up for $2.625 million.
- Rachel Wells
Industrial strength boosts JLL’s local result
JLL’s capital markets business was its strongest performer in Australia, with revenues up 20 per cent compared to the 2020 first quarter.
- Nick Lenaghan
Rent collection back on track at Westfield
The roughly $200 million that Westfield operator Scentre gathered each month this year is in line with the monthly amount it was collecting in January and February last year, before the pandemic hit.
- Nick Lenaghan
Ex-Rich Lister sells Toorak home for $14.25 million
Raging demand for property in Melbourne’s most prestigious suburb is drawing other luxury homes onto the market.
- Michael Bleby
How moving one train stop could save you hundreds of thousands
On Sydney’s northern line, moving from Killara to Gordon drops the median house price by more than $740,000, from about $3.29 million to $2.55 million.
- Kate Burke
- Opinion
- Property market
Byron Bay: where $22m will soon ‘look cheap’
Real estate prices in regional Australia have surged in the past year, nowhere more than in the northern NSW town and its surrounds.
- Robert Harley
- Opinion
- Flexible working
It’s time for tough talk about flexible working
A blend of working from home and in the office is probably here to stay, but businesses need to think long and hard about the risks.
- Kevin George
Office occupancy rises as new normal approaches
Survey respondents identified worker preferences for greater flexibility as the main barrier to achieving full occupancy.
- Nick Lenaghan
Australian commercial property sale value well down in first quarter
Australian commercial real estate investors were increasingly beaten to the punch by foreign rivals during the first three months of 2021, with deal value down.
- Martin Kelly
Mascot owners’ best hope is for $40m firesale
A repair cost of $38.5 million, which could rise further, is too much for financially strapped residents of the troubled Sydney building to take on.
- Michael Bleby
Signs of recovery for inner-city apartment markets
The broader housing boom has expanded into the apartment market, lifting prices in a number of suburbs savaged by COVID.
- Nila Sweeney
Residential investors are flooding the market
Investor activity is surging everywhere as landlords chase booming prices and improving cash flow.
- Nila Sweeney
Former motorcycle store revs up CBD market
The Elizabeth Street offering comes amid signs Melbourne’s CBD commercial market has emerged from the pandemic disruption and shutdowns.
- Nick Lenaghan
Police want law changes after LandMark White suspect acquitted
The acquittal this week of an IT contractor accused of hacking the ASX-listed company raises questions about standards of proof in technology criminal cases.
- Michael Bleby
- Exclusive
- Commercial real estate
Marinas booming but investment opportunities hard to find
Australia’s love affair with boating has intensified after COVD-19, pushing up demand for marina berths and services but investment opportunities are scarce.
- Martin Kelly
IHG’s pet-friendly Kimpton hotel brand to debut in Sydney
Pro-invest will operate the country’s first Kimpton Hotel in what is currently Sydney’s Primus Hotel under a franchise agreement with IHG.
- Larry Schlesinger
Power couple lists Flinders Lane home of Kisume for $20m
The eight-level building on Flinders Lane, home to Chris Lucas’ Kisume Japanese restaurant, has a $20 million price tag.
- Larry Schlesinger
- Exclusive
- Commercial real estate
Developer swoops on Toorak Road landmark
Oreana Property Group plans to develop a hotel and wellness centre on the site of South Yarra Square, a well known landmark on Toorak Road.
- Larry Schlesinger
‘We’re suffering’: how remote work is killing Manhattan’s storefronts
Even as the US economy snaps back, the mostly empty office buildings mean many street-level shops have not yet seen a rebound.
- Peter Eavis and Matthew Haag
