Latest
First look inside the Badgerys Creek airport terminal
Brookfield-owned Multiplex has won the plum job of building a passenger terminal at the new Western Sydney International Airport.
- Nick Lenaghan
A seller’s market with few sellers
Soaring house prices should be more than enough to entice vendors to sell, but oddly, it seems to only make them hold off for longer.
- Nila Sweeney
Investors extend loan lead over first home buyers
Investment borrowing levels are not back to the highs that last prompted macroprudential action, but economists say regulators are watching closely.
- Michael Bleby
Employment, prices surge in Australia’s building industry
There are fears the boom fuelled by HomeBuilder and low rates is setting up Australian construction – a notoriously cyclical industry – for another bust.
- Michael Bleby
- Breaking
- Commercial real estate
Australian Unity rejects $2.7b bid for healthcare fund
Australian Unity called the Canadian suitor’s efforts to highlight the increases in its offers ‘meaningless’.
- Nick Lenaghan
- Exclusive
- Rural property
Calabria, Medich seal $50m takeover of McWilliam’s Wines
The settlement of the Hanwood and Mount Pleasant Wineries to Calabria and Medich was the final chapter in the 144-year-old family winemaker.
- Larry Schlesinger
How it Sold
Toorak buyer offers $13m sight unseen for corner block
It took just five days to sell an off-market property in a top-end market where the wealthy are wealthier than ever – and don’t want to miss out.
- Michael Bleby
‘The minute we pushed up the guide, everyone went nuts’
The competition for a renovated Sydney semi was so great that rival buyers sat out the offer deadline in the agent’s office.
- Michael Bleby
Luxury Property
Former UBS banker buys $9m house next door for Sydney compound
David Di Pilla, who is chairman of ASX-listed property investment group Home Consortium, has purchased his neighbour’s property in Bellevue Hill.
- Lucy Macken
Garbo Ian Malouf buys penthouse for record $60m
The Dial-a-Dump founder has purchased the ‘sky mansion’ atop Sydney’s ANZ Tower in Australia’s priciest residential sale this year.
- Lucy Macken
Yesterday
AFR Agribusiness magazine | Winter 2021
New magazine is out on June 7 inside The Australian Financial Review.
- Updated
Former UBS banker buys $9m house next door for Sydney compound
David Di Pilla, who is chairman of ASX-listed property investment group Home Consortium, has purchased his neighbour’s property in Bellevue Hill.
- Lucy Macken
This Month
Big returns as listed property outperforms ASX 200
New research reveals that listed property funds have outperformed the ASX 200 in the 12 months to the end of March.
- Martin Kelly
Garbo Ian Malouf buys penthouse for record $60m
The Dial-a-Dump founder has purchased the ‘sky mansion’ atop Sydney’s ANZ Tower in Australia’s priciest residential sale this year.
- Lucy Macken
- Opinion
- Commercial real estate
Is everyone really leaving the city? Numbers fall short of the hype
New research shows that despite the pandemic, the strong gravitational forces of Australia’s cities remain intact. So what could drive a city exit of significance?
- Robert Harley
How to stop a property seller from tricking you into paying more
Just because you’ve signed the paperwork doesn’t mean the deal is sealed.
- Duncan Hughes
Major REITs pivot to funds management and development for more returns
Australian real estate investment trusts are switching tack, selling down assets while pivoting more into funds management and development for better returns.
- Martin Kelly
ISPT puts Sydney and Brisbane offices on the market with $600m hopes
Superannuation fund ISPT is moving fast to tap into international demand for quality Australian CBD assets, putting two office towers on the market.
- Martin Kelly
QIC looks to exit Westfield Helensvale
The Gold Coast mall belongs to the asset category hit hardest by the headwinds challenging the retail real estate sector.
- Nick Lenaghan
- Exclusive
- Cladding crisis
Victoria’s cladding rectification squeezed as building numbers soar
Building owners say promised funding is being cut, and they are being bumped down the list by an agency that got no extra funding in the state budget.
- Michael Bleby
Victoria’s investors sell up as rental standards rise
Rising prices and cheap credit are attracting new investors to residential property, but agents warn many existing landlords are selling out.
- Michael Bleby
- Exclusive
- Co-working
WeWork books $100m loss after year of disruption
Impairment expenses can be sheeted home to the impact of COVID-19 and its accounting treatment in WeWork’s books.
- Nick Lenaghan
Nightingale housing model comes a cropper
After six years, Australia’s pioneering ‘beautiful, naive’ housing development model has to change, its founders say.
- Michael Bleby
Goodman’s Paris project aims to set the bar for industrial estates
The 90,000-square-metre logistics centre is striving to be a model of sustainability with an urban farm and huge solar-powered plant on the roof.
- Larry Schlesinger
Cbus Property wins buyers at Randwick
Cbus Property, well-known for its office tower projects, is also a busy developer of upmarket residential projects.
- Nick Lenaghan
- Exclusive
- Property development
Satterley set to pounce on site in Melbourne’s north
Satterley Property Group has put its foot on a site in Donnybrook, joining Stockland and private developer SIG in expanding their depleted Melbourne landbanks.
- Larry Schlesinger
Sydney’s South Turramurra jumps 20pc in three months
Wealthy Sydneysiders snapped up available listings on the upper north shore and northern beaches, fuelling up to 20 per cent growth in house values in just three months.
- Nila Sweeney
Ryman arrives for $165m Essendon retirement village
The Essendon move represents better prospects for Ryman as it also divested a Coburg property nearby, the site of a former high school which it acquired five years ago.
- Nick Lenaghan
Daughter of RP Data founder invests in Bogut-backed proptech
Michelle Catelan, whose late father founded RP Data (now CoreLogic), was the lead investor in a $3 million funding round at ListingLoop.
- Larry Schlesinger
