Latest
Anthony Albanese doubles his money on Sydney house
A day after Labor dumped its negative gearing policy, its leader scored his own property bonus as he sold his Marrickville investment home for $2.35 million.
- 1 hr ago
- Lucy Macken
Building costs to run ahead of inflation across Australia
Construction cost increases of 10 per cent or more are forecast to the end of 2023 in key markets, with material and labour shortages the main culprits.
- Martin Kelly
IOOF buys large-format retail centre from former Eels chairman
IOOF acquired the Great Western Sydney centre in Minchinbury from Roy Spagnolo and business partner Frank Carioti
- Larry Schlesinger
Developer supercharges regional housing push with $100m Gisborne deal
With the acquisition of the Gisborne site and another smaller site near Geelong, more than a third of ID_Land’s $2.5 billion of projects are now in regional areas.
- Larry Schlesinger
Industrial price rises embolden multi-storey thinking
High land prices and client demand for last-mile logistics facilities have finally made multi-storey industrial and logistics buildings a reality in Australia.
- Martin Kelly
Flinders Lane home of Chris Lucas’s Kisume sold for $25m
The eight-level building at 175 Flinders Lane, which has Kisume on the lower levels, sold on a yield of just 2.5 per cent.
- Larry Schlesinger
How it Sold
Redesign adds $320,000 to townhouse price
Design is as much about how things work as they look. A new floorplan for an old Sydney unit made it much more liveable.
- Michael Bleby
Shed (on 44 hectares) sells 22pc over reserve in new rush to regions
As the pandemic accelerates the exodus from cities, it’s putting a new premium on prices in some areas – particularly if they have upgrade potential.
- Michael Bleby
Luxury Property
Mirvac lands a Princes Park perch for upmarket apartments
It hopes to develop a prestige apartment building on the site in Melbourne’s inner north, in the mould of The Eastbourne and The Melburnian.
- Nick Lenaghan
The sleepy oceanfront community that just notched up a near-$8m sale
On the southern fringes of Sydney, Bundeena is no longer a little-known weekend getaway. Its previous house-price record was about $3.6 million.
- Lucy Macken
Yesterday
Mirvac lands a Princes Park perch for upmarket apartments
It hopes to develop a prestige apartment building on the site in Melbourne’s inner north, in the mould of The Eastbourne and The Melburnian.
- Nick Lenaghan
The sleepy oceanfront community that just notched up a near-$8m sale
On the southern fringes of Sydney, Bundeena is no longer a little-known weekend getaway. Its previous house-price record was about $3.6 million.
- Lucy Macken
- Opinion
- Property prices
Inflation figures ignore soaring cost of housing
As the property bubble goes global, there’s growing concern official data fails to capture the steep rise in home prices consumers now have to contend with.
- Karen Maley
This Month
Malls landlord GPT pulls guidance amid lockdowns
The ASX-listed landlord and fund manager says it was appropriate to withdraw guidance, given the uncertainty over the Sydney and Melbourne lockdowns.
- Nick Lenaghan
Hunger for industrial land to deliver NSW windfall from rezoned 30ha
The land-starved western Sydney industrial market has just received a boost through a 30 hectare rezoning by the NSW government, which will reap a healthy return.
- Martin Kelly
Former Investa boss Jonathan Callaghan takes charge at Cromwell
Mr Callaghan stepped down from the top post at Investa only last month after 14 years at the firm, including as chief executive since 2016.Â
- Nick Lenaghan
Auction volumes surge 81pc in Sydney
Sydney’s residential auction volumes surged 81 per cent in the June quarter, while Melbourne’s tally jumped 51 per cent as sellers rushed to take advantage of strong buyer demand.
- Nila Sweeney
HomeCo’s healthcare REIT primed for asset surge
With the ability to co-own bigger assets like hospitals and life sciences hubs with its unlisted wholesale sister fund, HealthCo REIT’s portfolio could surge.
- Larry Schlesinger
Loan limits cool the property market but help the big banks
The largest lenders won mortgage customers at the expense of smaller competitors when restrictions applied between 2014 and 2018.
- John Kehoe
Athens’ old airport rivalling New York in property prices
The project -- now officially known as The Ellinikon -- is a much-needed boost for Greece, which saw output contract by around one-fourth during the decade-long debt crisis.
- Eleni Chrepa and Sotiris Nikas
Cooler housing market won’t hurt Canada’s recovery: economist
The potential moderation of the massive housing boom in Canada might not hurt the economy as much as expected, in a test case that could be of interest in Australia.
- Shelly Hagan
Sydney house prices to soar 21pc: NAB
The bank has upgraded its house price forecast across all capitals but warns growth rates will plunge in 2022.
- Nila Sweeney
AXA IM logs into biggest forestry deal in more than a decade
The $775 million acquisition is the first investment into Australian timber for the company, which manages plantations across France, Ireland and Finland.
- Nick Lenaghan
Marco Rossi sells Tamarama’s most expensive hole in the ground
The empty site was listed with $15 million hopes, Elsewhere, Anthony Scali scores $11 million in Palm Beach, fundie Ben Alexander buys for $25 million in Vaucluse and Patti Mostyn makes a $6 million return.
- Lucy Macken
Lendlease faces fresh community battle at London’s Elephant Park
The developer sees a post-pandemic need for more neighbourhood-based office space - but its change of plan has stirred up some local opposition.
- Hans van Leeuwen
HomeCo seeks $600m at 4.5pc yield for HealthCo IPO
David Di Pilla’s HomeCo, flanked by a huge broker syndicate, is set to launch the year’s second biggest IPO and seek to raise $600 million for new REIT HealthCo.Â
- Anthony Macdonald and Yolanda Redrup
AMP Capital’s CommIF boosts portfolio after suitors spurned
AMP Capital’s Community Infrastructure Fund has topped up its stake in the Royal Adelaide Hospital in its first deal since a trio of takeover suitors was rejected earlier this month.
- Nick Lenaghan
Wagga farmers snap up prized mixed-use operation
Improving farm balance sheets are driving strong sales in the NSW Riverina, where a number of prized properties have been snapped up by local farmers.
- Larry Schlesinger
Surf lodge developers turn to Sydney wave riders for $120m raise
The developers of the Wiseman Ferry Surf Lodge believe they will raise $120 million from the surfer community to begin construction next year.
- Larry Schlesinger
