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- Commercial real estate
GIC, Charter Hall buy discounted Canberra office for $300m
The two funds have pulled off one of the biggest office deals in Canberra’s history, forking out just over $300 million for 50 Marcus Clarke Street.
- 6 mins ago
- Martin Kelly
WeWork hands back the keys as crunch hits hubs
The co-working hub sector has come under intense pressure during lockdowns, especially in Sydney and Melbourne, amid a broader hesitancy to work in city offices in the wake of the pandemic.
- 23 mins ago
- Nick Lenaghan
Bill Moss, Hickory propose $130m hotel at Sydney Airport
The 224-room hotel is scheduled to open in 2024 when international and domestic travel is expected to be back at pre-COVID-19 levels.
- 54 mins ago
- Larry Schlesinger
ATO freezes $80m in assets tied to developer Jim Raptis
The ATO alleged the Gold Coast developer, members of his immediate family and associated companies, were involved in “tax avoidance arrangements”.
- 1 hr ago
- Liam Walsh
Industrial demand lifts commercial real estate deals to $27.8b
Industrial and logistics deals rose to $13 billion over the first nine months of the year, more than double total sales recorded in the booming sector in 2020.
- 1 hr ago
- Larry Schlesinger
Qualitas, Greenpool heave into $128m Runaway Bay mall deal
The transaction is also the latest in a run of retail property deals, small and large, in Queensland, where investors are keen to tap into the ‘northern exposure’ story.
- Nick Lenaghan
How it Sold
In lockdown, a two-week campaign is the new norm
Sales during lockdown strip out the tyre-kickers and shorten marketing campaigns, but the extra efficiency isn’t all good, agents say.
- Michael Bleby
The Sydney influx is changing one Illawarra town
Housing sales in Shellharbour ran on private treaty until the arrival of competitive COVID-19 refugees shook things up. Vendors are now making the most of it.
- Michael Bleby
Luxury Property
NAB’s Ann Sherry pins $15m hopes on her Sydney landmark
Her plan to downsize from the 1881-built Abbey in Annandale, known locally as one of four ‘witches houses’, comes amid a fortuitously booming property market.
- Lucy Macken
Stockbroker sells $45m Sydney trophy home
Villa Florida, the seven-bedroom, nine-bathroom Rose Bay mansion belonging to Brent Potts and his wife, has sold almost a year after it hit the market.
- Kate Burke
More From Today
Blackstone sells third shopping centre to Elanor in $136m deal
Elanor Investors has bought a third regional shopping centre from Blackstone and, like the other two, will reposition it as an essential services hub.
- Martin Kelly
The suburbs where homeowners have piled on too much debt
Homeowners in some of the country’s wealthiest suburbs have borrowed more than five times their incomes, according to an analysis by Digital Finance Analytics.
- Nila Sweeney
Legal eagles to cash in on Melbourne mansion boom
Demand for prestige homes in Melbourne is ‘even stronger than people realise’ amid a shortage of listings with time running out to move before Christmas, agents say.
- Larry Schlesinger
NAB’s Ann Sherry pins $15m hopes on her Sydney landmark
Her plan to downsize from the 1881-built Abbey in Annandale, known locally as one of four ‘witches houses’, comes amid a fortuitously booming property market.
- Lucy Macken
NorthWest plots $600m Geelong healthcare precinct
The move adds to the increasing pool of capital flowing into the sector, with major players including ASX-listed Dexus, Centuria and HomeCo also active.
- Nick Lenaghan
Yesterday
Hutly acquires REIV’s PropertyData platform
The property contract digitisation start-up is acquiring the Real Estate Institute of Victoria’s platform in a multimillion-dollar deal.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
$170m offer for Allaf childcare portfolio as sector hits new highs
Record investor demand for childcare centres shows no signs of abating as low interest rates, long term leases and government backing propels demand.
- Martin Kelly
Fife adds Brisbane warehouse to industrial war chest
The printing facility in Geebung was acquired on a yield of about 6.6 per cent - well above returns being generated in Sydney and Melbourne.
- Larry Schlesinger
No crises, only false alarms as Victoria’s builders go back to work
The southern state’s construction industry reported a smooth resumption of work after a snap shutdown - as the police showed they were very quick to act.
- Michael Bleby
Soaring housing costs driving voters’ anger over inequality
Rapidly rising rents and out-of-reach home prices have fuelled property inequality and triggered a backlash at the ballot box.
- Bloomberg News
New home listings jump 23 per cent in Sydney
Fresh listings climbed by 23 per cent in Sydney and by 10 per cent in Melbourne as the end of the lockdowns encouraged vendors to return to the market.
- Nila Sweeney
Construction bounces back in September
Infrastructure projects and a lifting of restrictions in the biggest state are credited with boosting the industry after a weak August.
- Michael Bleby
Real estate boss to sell $5m home after a year
Marshall White agent and auctioneer John Bongiorno has only owned the Brighton home for a year, but says rebuilding on the site may be too much.
- Michael Bleby
This Month
MPG swoops on regional Queensland mall
The $13 million deal is the latest example of property fund managers keen to invest in the ‘northern exposure’ story through acquisitions of retail real estate in regional Queensland.
- Nick Lenaghan
Town centre site tipped to sell for more than $60m
The Clyde town centre site can support up to 100,000 square metres of office and retail floor space once developed.
- Larry Schlesinger
Evergrande shares halted amid report of unit stake sale
Hopson Development Holdings plans to acquire a 51 per cent stake in Evergrande’s property services unit, Cailian is reporting.
- Russell Ward
Intervention needed to resolve critical NSW regional housing issues
Rising regional property prices and rental stock shortages are creating issues that the NSW government wants to address through its Regional Housing Taskforce.
- Martin Kelly
Affordability crisis shrinks housing lots
The traditional 400 square metre housing lot in Melbourne has been replaced by a 350 square metre lot, according to project marketing firm Red23.
- Larry Schlesinger
In lockdown, a two-week campaign is the new norm
Sales during lockdown strip out the tyre-kickers and shorten marketing campaigns, but the extra efficiency isn’t all good, agents say.
- Michael Bleby
