Latest
Dexus seeds first opportunity fund with $245m in investments
The newly-seeded fund will range across investments in value-add, development and credit plays, delivering typically higher returns that accompany greater risk.
- Nick Lenaghan
An $8m penthouse on the cards at revamped Adelaide apartment project
Melbourne-based Pelligra will redesign the failed project with a focus on high-end finishes to appeal to local downsizers and returning expats.
- Larry Schlesinger
Year of the commercial ‘megadeal’ in full steam
While industrial transactions have dominated the year so far, office and retail assets – even big ones – are back in investors’ sights.
- Michael Bleby
Office subleasing levels ease as confidence returns
National subleasing levels are still well ahead of where they were pre-pandemic but are gradually easing as confidence returns to major markets.
- Martin Kelly
- Exclusive
- Property development
Singaporeans snap up Melbourne conference centre for $140m
The acquisition of the 69 hectare site in the north takes total spending on Melbourne land by Ho Bee to more than $300m this year.
- Larry Schlesinger
Winim Funds Management snaps up Lane Cove site for $25m
An amalgamated site in Sydney’s lower north shore has been sold to the business and property fund manager amid rising demand for development sites within premium locations.
- Nila Sweeney
How it Sold
Upgrading home vendors fear being stranded in rising market
A strong housing market has always created a dilemma for owners who sell to buy a bigger home. That’s worse than ever right now.
- Michael Bleby
‘Price goes out the door’ as Portsea site sells $2m over reserve
In a private auction for a rare Mornington Peninsula property, eight of the 16 bidders already lived within one kilometre of the house and all knew each other.
- Michael Bleby
Luxury Property
The ‘Chinese Gatsby’ just sold his Sydney mansion for $20m
Businessman Sam Guo’s seven-year ownership of the historic Windermere home in Hunters Hill has been eventful, but the party is over.
- Lucy Macken
This Sydney estate just sold to a neighbour for $24m+
Fund manager ‘Owen’ Ouyang Chen and his wife, Xiao Hong Li, already owned a $5.7 million home in Northwood, but now they’ve bought the Rossi home next door.
- Lucy Macken
Yesterday
Build it and they will come: $1b office tower above Pitt Street metro
In a sign of confidence in the city’s office market, work will start on the 39-storey tower even before any leasing pre-commitments have been struck.
- Nick Lenaghan
Industrial buyers rush to purchase off the plan as boom trickles down
Strong demand, low supply and the fear of missing out is prompting buyers to purchase now and not wait for construction.
- Martin Kelly
New listings soar by 41pc in Sydney as vendors rush to sell
Vendors rushed to list their homes as lockdowns ended and to get ahead of the imminent slowdown in buyer demand.
- Nila Sweeney
Desperate home buyers risk ending up with lemons
Home buyers are being warned they risk purchasing properties with hundreds of thousands of dollars of defects unless they do proper due diligence.
- Larry Schlesinger
- Opinion
- Chanticleer
Housing ‘haves’ and ‘have-nots’ worry Westpac’s King
Boss Peter King says the financial health of those with a home is good. It’s those trying to break into the market he worries about.
- James Thomson
Goodman assets head for $70b as online boom supercharges earnings
Goodman upgraded full-year earnings growth to 15 per cent from 10 per cent forecast in August on the back of high occupancy rates and strong rental growth.
- Larry Schlesinger
The ‘Chinese Gatsby’ just sold his Sydney mansion for $20m
Businessman Sam Guo’s seven-year ownership of the historic Windermere home in Hunters Hill has been eventful, but the party is over.
- Lucy Macken
This Month
Ingenia lays out $552 million acquisition pipeline
As the land lease sector for downsizing Baby Boomers matures, the developer has bought its way to expand in the premium lifestyle niche of the market.
- Michael Bleby
Sunland sells Gold Coast retail development site for $46 million
Sunland Group has sold the last of its undeveloped sites, reaping a $26 million profit.
- Martin Kelly
Investor loan growth makes APRA’s job tricker
Investors are borrowing more as owner occupiers and first home buyers pull back, suggesting regulators need new tools – if any at all – to cool the hot market.
- Michael Bleby
Why finding a holiday stay in NSW will be twice as hard
Online accommodation platforms have suspended thousands of short-term rental listings following the launch of compulsory registration in NSW on November 1.
- Martin Kelly
CBRE earnings buoyed by industrial boom, office leasing
Enquiry volumes for office space are at their highest level since 2017, while sublease availability in Sydney has declined sharply, by 21 per cent quarter-on-quarter.
- Nick Lenaghan
Charter Hall bounces on earnings upgrade amid industrial boom
The hot market for warehouse and logistics assets in particular has been good for Charter Hall’s managed portfolio and there may be more uplift to come.
- Nick Lenaghan
- Exclusive
- Retail
Regional push: SCA Property Group adds Ballarat mall to portfolio
Of the five malls acquired by SCA Property Group this financial year, four have been in regional towns.
- Larry Schlesinger
- Exclusive
- Hotels
Hilton to open new Garden Inn hotel in western Sydney in 2023
The $60 million development of the 140-room hotel opposite the Nepean Hospital is being undertaken by Bill Moss’ Boston Global.
- Larry Schlesinger
House prices to peak by mid-next year: AMP
The increased chance of an earlier-than-expected interest rate rise, worsening affordability and surging listings will eventually damp demand, AMP Capital says.
- Nila Sweeney
Upgrading home vendors fear being stranded in rising market
A strong housing market has always created a dilemma for owners who sell to buy a bigger home. That’s worse than ever right now.
- Michael Bleby
Ingenia raising $475m for Seachange Group acquisition
Ingenia Communities Group has tapped Goldman Sachs, Jarden and UBS to help it raise $475 million to acquire Seachange Group.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
This Sydney estate just sold to a neighbour for $24m+
Fund manager ‘Owen’ Ouyang Chen and his wife, Xiao Hong Li, already owned a $5.7 million home in Northwood, but now they’ve bought the Rossi home next door.
- Lucy Macken
Investors see the light on sustainable farming as carbon prices surge
The spot price of Australian carbon credits has doubled this year, growth that is bringing deep-pocketed investors into the market says Tim Sanway.
- Larry Schlesinger
