Latest
Small mall market thaws as Chinese investor goes shopping in Melbourne
The buyer struck the first neighbourhood mall deal in Victoria in six months, acquiring Village Lakeside Shopping Centre in Pakenham for $25 million.
- Larry Schlesinger
China’s long goodbye to its ugliest buildings
China’s hyper-speed urbanisation of the past two decades has led to an “explosive overbuilding”. Buildings that imitate foreign cultures are proliferating, but a public backlash has been severe.
- Selina Xu
Construction insolvencies hit a nine-year high
The “Ponzi scheme” of an industry relying hand-to-mouth on cash flow is cutting a swath through companies squeezed by rising costs and fixed-price projects.
- Michael Bleby
Capital city rents jump a record 11.7pc in 12 months: CoreLogic
A surge in migration and the return of international students to a super-tight rental market have resulted in the biggest annual jump in rents yet across the capitals.
- Nick Lenaghan
Rate rise won’t deter ‘buyers with FOMO’ from jumping back in
The lift in the cash rate will create uncertainty for the property market, but some home buyers are determined to push ahead amid rising prices.
- Nila Sweeney
- Opinion
- Chanticleer
‘Odd’ house price recovery is a headache for the RBA
The rise in house prices that has sent economists scrambling for the magic eraser also shows how immigration can stoke inflationary pressures.
- James Thomson
How it Sold
Buyers pay a premium to avoid renovations
It had 30-year-old shape and finishes, but the house in suburban Brisbane was move-in ready for a family. Bidders paid for that.
- Michael Bleby
Influencers help sell this ‘Tuscan villa’ – despite the mall next door
With a second-rate location, the agent needed buyers to focus on the house, rather than its position. So she called in some girlfriends with social media reach.
- Michael Bleby
Luxury Property
- Exclusive
- Luxury property
First look inside David Hains’ $42.5m Toorak mansion
The Toorak estate of the late Rich Lister is offered for the first time in 55 years for $42.5 million, while Lang & Rourke’s COO’s Manly pad in Sydney is listed for $23 million.
- Bonnie Campbell
Ron Walker’s $60m Toorak pile hits the prestige market
Late Rich Lister Ron Walker’s grand home arrives with a $60 million guide, while Perth developer Paul Blackburne sells $7.35m resort-style Perth mansion.
- Bonnie Campbell
Yesterday
How owners’ ‘heroism’ reversed the property slide
Property owners with a mortgage are expected to largely weather the damaging effects of the rapid interest rate increases, despite signs of rising financial stress.
- Nila Sweeney
This Month
This developer says off-the-plan is ‘dead’
Pitard Group will build its apartment developments without any pre-sales and only start marketing units once the project is nearing completion.
- Larry Schlesinger
U-turn beckons for Property Council or Stevenson
Many people love cycleways. Property developers seldom do.
- Myriam Robin
Meet the builder expanding in construction’s chaos
At a time when insolvencies are soaring to decade-long highs, Sydney fitout specialist Trinity has successfully branched out into general construction.
- Michael Bleby
Perth fund manager buys Coles pub on 5.6pc yield
The Hampstead Hotel in Collinswood is the seed asset for a $100m fund that will target commercial property that can be repositioned or improved.
- Larry Schlesinger
Stress builds as office building owners and lenders haggle over debt
US banks’ unwillingness to lend and building owners’ desperation for credit have created a standoff. Some landlords threaten to default, betting banks and investors stand to lose more in a foreclosure.
- Matthew Goldstein, Julie Creswell and Peter Eavis
Sydney house prices to jump 5pc this year: CBA
CBA economists are the lastest to revise their outlook on the housing market, as immigration drives a surge in demand for accommodation that has more than offset higher interest rates.
- Nick Lenaghan
Buyers pay a premium to avoid renovations
It had 30-year-old shape and finishes, but the house in suburban Brisbane was move-in ready for a family. Bidders paid for that.
- Michael Bleby
House prices tipped to rise now ‘short but sharp’ downturn is over
House prices lifted in April and are poised to bounce back this year, albeit at a modest pace, as migration and the rent crisis fuel demand, experts say.
- Nila Sweeney
April
Quintessential to pay $296m for Dexus’s Sydney tower, rattles tin
The pitch said the group would look to make 6.7 per cent initial yield and 7.2 per cent yield on a full-leased basis, with hopes of hitting 11 per cent in the fifth year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Older divorced women helped by revamped home buyer scheme
More than half of women who lose their home in a divorce don’t buy again within 10 years. Changes to the Home Guarantee may help that but concerns remain.
- Max Mason
Rising demand pushes Melbourne house $400,000 above reserve
Auction clearance rate jumped to 77 per cent in Melbourne, while Sydney cleared 70 per cent as scant listings sparked growing competition among buyers.
- Nila Sweeney
Lendlease hunts for new Europe boss to tackle bulging in-tray
Neil Martin is stepping down after four years, and leaves an array of challenges and opportunities for his successor.
- Hans van Leeuwen
London poised to take hotel crown from Las Vegas
The British capital is in the middle of a luxury hotel boom. When the pound fell after Brexit, it suddenly became a much more affordable place for tourists to visit.
- Lisa Fleisher and Sarah Rappaport
Wagyu on the menu as producers dish up $300m in farmland deals
Farming country suitable for breeding and fattening wagyu is in demand from local producers despite the $2b industry battling a sharp drop in cattle prices.
- Larry Schlesinger
Victorian government muscles up for 1 million more suburban homes
Melbourne has fallen well behind in its aim of housing more people in established suburbs, rather than simply building further out.
- Nick Lenaghan
- Exclusive
- Build-to-rent
Scape founders join build-to-rent bonanza with $1b fund
Craig Carracher and Stephen Gaitanos’ plans to enter the build-to-rent sector comes after government threw it support behind it with favourable tax changes.
- Larry Schlesinger
How the Dutch mastered bike parking at train stations
Every weekday in the Netherlands, more than 400,000 people – 40 per cent of all train passengers – secure their bike at a local station on their way to work.
- David Zipper
Labor tax cut could fuel delivery of 150,000 apartments
A tax break on foreign investment in build-to-rent housing could boost the number of new apartments threefold over the next decade and ease the national rental crisis, according to the property sector.
- Nick Lenaghan and Jacob Greber
- Exclusive
- Luxury property
First look inside David Hains’ $42.5m Toorak mansion
The Toorak estate of the late Rich Lister is offered for the first time in 55 years for $42.5 million, while Lang & Rourke’s COO’s Manly pad in Sydney is listed for $23 million.
- Bonnie Campbell
