Latest
- Opinion
- Commercial real estate
How some office towers stay full even in the work-from-home era
Some buildings are at near capacity, others eerily empty. The differences, which reflect the nature of post-pandemic business, might surprise.
- 53 mins ago
- Robert Harley
Property fund managers opening chequebooks in war for talent
Property investment firms are offering staff double-digit annual pay rises amid a war for talent in the property sector, a new remuneration survey has found.
- Larry Schlesinger
Brookfield hoping for $175m for Sofitel Brisbane
Canadian investment giant Brookfield is hoping to find a buyer for its 416-room Sofitel Brisbane hotel, having been unsuccessful in divesting it in the past.
- Larry Schlesinger
CFMEU turns developer with $300m build-to-rent project
If a deal goes through as hoped, the union will be able to leverage its outlay in creating the project into a reliable revenue stream based on residential rents.
- Nick Lenaghan
House prices plummet 10pc in 40pc of Sydney suburbs
Values also slumped by more than 10 per cent in just five months across 22 suburbs in Melbourne and Brisbane, data from CoreLogic shows.
- Nila Sweeney
Mirvac sells Brisbane office tower for $104m
The private buyer of an A-grade office building says the most sustainable practice is to retain old assets and improve them, rather than knock down and rebuild.
- Michael Bleby
How it Sold
‘This was by no means a normal property’
In a falling market, unusual properties are harder to sell. But by selling a dream – and creating a fear of loss – one agent managed it.
- Michael Bleby
Untouched 35-year-old house with $1.9m price tag sells for $3m
Rates are rising and global instability is rocking confidence, but downsizers have cash to spend and when they see something they like, they fight for it.
- Michael Bleby
Luxury Property
Liberman family turns to Tim Gurner over $1.75b Docklands project
Rich Lister Tim Gurner has acquired a 50 per cent stake in the Harbour Esplanade site, where plans include 1200 apartments and a 200-room hotel.
- 53 mins ago
- Larry Schlesinger
Tesla chair Robyn Denholm buys $27.5m penthouse in Cremorne Point
She has smashed Sydney’s north shore apartment record by upgrading from her $2.5 million Waverton pad to the seven-bedroom unit including garaging for six cars.
More From Today
Liberman family turns to Tim Gurner over $1.75b Docklands project
Rich Lister Tim Gurner has acquired a 50 per cent stake in the Harbour Esplanade site, where plans include 1200 apartments and a 200-room hotel.
- 53 mins ago
- Larry Schlesinger
Yesterday
Woolies goes shopping for Coles supermarket
It’s the latest turf battle between the two grocery giants. From time to time, their fierce rivalry spills from supermarket aisles into real estate.
- Nick Lenaghan
Industrial developers to maximise rents with multi-storey warehouses
Multi-storey projects by the likes of Goodman Group and Charter Hall are in development in South Sydney, where vacancy rates are near zero.
- Larry Schlesinger
This Month
- Exclusive
- Office
Hines gets approval for 600 Collins Street tower
The US investor, like local and overseas rivals, is searching out the best sites in a fast-changing global market for office properties.
- Michael Bleby
NSW land tax to pump prices of entry-level homes
Demand for entry-level houses and apartments across NSW is expected to rise, potentially shielding this market segment from the worst of the housing downturn.
- Nila Sweeney
Industrial rents surge 30 per cent in Sydney as supply shrinks
The surge in industrial rents on the Eastern Seaboard is unlikely to ease as construction delays cut almost 600,000 sq m of new space from the 2022 pipeline.
- Larry Schlesinger
Campbell Hanan, Denis Hickey seen likely for top Mirvac role
Mirvac head of investment Campbell Hanan and Lendlease’s former global chief operating officer, Denis Hickey, were the most likely candidates to succeed Susan Lloyd-Hurwitz as Mirvac chief executive.
- Michael Bleby
Deals slow as values wobble: JLL, Macquarie
Capitalisation rates in commercial property, akin to investment yields, are inching upwards across all sectors – office, retail and industrial – for the first time in more than a decade.
- Nick Lenaghan
Rental growth slows as affordability bites
Residential rental values nationwide have risen by just 0.6 per cent in September, the smallest monthly increase this year, despite a severe shortage of available rental housing, data from CoreLogic shows.
- Nila Sweeney
MA Financial heads for the exit at $70m Warrnambool mall
There has been strong investor appetite for sub-regional centres, with more than $1.4 billion in non-metro sub-regional sales nationally this year so far, more than double the previous financial year.
- Nick Lenaghan
Brisbane mid-market fires up with $39m office tower trade
The 157 Ann Street sale is one of a series of middle-market trades in Brisbane, testament to appetite for commercial property in the sub-$100-million sector.
- Nick Lenaghan
‘This was by no means a normal property’
In a falling market, unusual properties are harder to sell. But by selling a dream – and creating a fear of loss – one agent managed it.
- Michael Bleby
Auction clearances rise as bargain hunters step in
The national clearance rate is at its highest since May even as the number of auctions rise for the spring selling season as more buyers look for opportunities.
- Nick Lenaghan and Michael Bleby
- Exclusive
- Construction
Insurers come back to NSW apartment construction
The new policy, an alternative to the current 2 per cent bond developers pay upon completion, offers 10-year protection for completed apartments.
- Michael Bleby
Lendlease knocked back for last piece of $4.4b London landmark
Lendlease’s plan for an 18-storey office block was knocked back, stymieing its push to develop the last fallow plot at its flagship $4.4bn Elephant Park site.
- Hans van Leeuwen
Non-bank lenders best placed to fund ‘natural capital’ projects
Major banks and super funds won’t back projects where farmers lock up land for carbon farming despite the good returns, says Merricks Capital.
- Larry Schlesinger
Fund managers snap up $150m of NT, Qld cattle stations
Consolidated Pastoral Company and WealthCheck have spent millions of dollars buying up cattle stations as they seek to cash in on the strong outlook for the beef sector.
- Larry Schlesinger
Sentinel checks out of Tuggeranong mall for $46m
It has been a busy year so far for Sentinel, completing its biggest property deal yet by purchasing Casuarina Square in Darwin from GPT Group for $418 million.
- Nick Lenaghan
More builders will fail, RBA warns
Bank exposure to construction business lending is low, but the close links between building companies make the risk of financial problem contagion greater.
- Michael Bleby
Developer to pay $3 million to guarantee apartment rectification
The industry has welcomed the agreement under which a developer will work with apartment owners to fix defects. And get its money back if it complies with the plan.
- Michael Bleby
