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Tim Clarkson with Santa at Westfield Warringah Mall.

The man who made millions selling Christmas

Tim Clarkson has carried on a 130-year-old family business by being the biggest player in the $50 million-plus Christmas decorations market.

  • Campbell Kwan
The development will be built on a long-vacant site on the corner of the Gold Coast Highway and Seaview Avenue.

$2b Mermaid Beach project joins Rich Lister’s super yacht hub

The approved development opposite Pacific Fair joins projects including pub baron Bruce Mathieson’s super yacht precinct at The Spit.

  • Larry Schlesinger

House sellers pocket $300,000 gross profits as prices rise

The sharp increase in prices in the September quarter delivered a windfall for many vendors, but profits are expected to weaken next year as prices are predicted to fall.

  • Nila Sweeney

Green Bank, global investors pile into $450m forestry and ag raising

The CEFC has put $75m into a new forestry and landscape fund that intends to generate a chunk of its return from carbon and renewable energy.

  • Larry Schlesinger

Saudis put Western Australia’s largest grain operation up for sale

Spread across a swath of the wheat belt, marketing of the $200 million property caps a busy 12 months for major agriculture transactions in the state.

  • Larry Schlesinger

In central London, a big bet on a return to the office

Developers expect a forecast jump in jobs in London’s financial heart will support demand for office space regardless of whether hybrid work remains the norm.

  • Eshe Nelson

How it Sold

The four-bedroom, two-bathroom, one-car park house on 356 square metres at 28 Lennox Street in Sydney’s Bellevue Hill sold after auction for $7.3 million.

‘Psychology and hand-holding’ get $7.3m sale over the line

A downsizer selling his home of 32 years had his concerns about how it should play out – and so did his children.

  • Michael Bleby
The offering: A single-fronted brick-and-concrete bungalow under the Kingsford Smith Airport flight path.

House smack bang under flight path sells for $50,000 over reserve

You know demand is strong when purchasers overlook downsides in a property. Flaws don’t get louder than this – but that didn’t deter first home buyers.

  • Michael Bleby

Luxury Property

Australia’s top 10 luxury property deals of 2023

Sydney’s eastern suburbs dominated this year’s list, which totalled more than half a billion dollars.

  • Bonnie Campbell

The top London mansions that are struggling to sell

The city’s luxury housing market is usually insulated from property market headwinds, but high interest rates and high taxes are finally taking a toll.

  • Damian Shepherd
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Australia’s top 10 luxury property deals of 2023

Sydney’s eastern suburbs dominated this year’s list, which totalled more than half a billion dollars.

  • Bonnie Campbell

This Month

Going, going… Lendlease’s 760-lot Alkimos Beach community is one of 12 Stockland is acquiring.

Stockland says it can develop 12 sites more profitably than Lendlease

The deal involving two of Australia’s largest property developers and investors boosts Stockland’s land bank and will help Lendlease focus on investment.

  • Michael Bleby
The four-bedroom, two-bathroom, one-car park house on 356 square metres at 28 Lennox Street in Sydney’s Bellevue Hill sold after auction for $7.3 million.

‘Psychology and hand-holding’ get $7.3m sale over the line

A downsizer selling his home of 32 years had his concerns about how it should play out – and so did his children.

  • Michael Bleby

Sydney’s auction clearance rate falls to lowest this year

Sydney’s weaker clearance rate coincided with a sharp slowdown in home values which gathered pace in the past four weeks.

  • Nila Sweeney
Beef cattle prices have more than halved since the start of the year.

Farmland returns fall below 1pc as rate rises, weak beef prices bite

Over the 12 months to September, prime farmland delivered a total return of just 0.2 per cent as income distributions fell and capital values slid backwards.

  • Larry Schlesinger
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The top London mansions that are struggling to sell

The city’s luxury housing market is usually insulated from property market headwinds, but high interest rates and high taxes are finally taking a toll.

  • Damian Shepherd
goFARM has bought the Stephendale Vineyard near Griffith and will pull out all the vines.

Costa family backs $120m raising for Riverina almond project

Agricultural investor goFARM has acquired 1800ha of irrigated holdings near Griffith, including the 700ha Stephendale vineyard, which will make way for almonds.

  • Larry Schlesinger

Undersupply of new homes to trigger next boom, but not yet

The supply shortage is unlikely to spur strong price growth over the near to medium term, but it could underpin a future rebound, experts say.

  • Nila Sweeney
Not a big mix of alternatives: Without clarity on substitutes for engineered stone, home-building could slow, builders warn.

Homebuilders worry about costlier kitchens after benchtop ban

Builders and materials suppliers say there’s no clarity on alternative products for the to-be-banned material, and no supply chain to meet demand, either.

  • Michael Bleby
This Woollahra home sold for $15 million in August.

Former Allianz boss spends $15m on Woollahra pad

Former Asia-Pacific CEO of Allianz, George Sartorel, and his wife, Kathy, have purchased a designer Woollahra home in Sydney’s east.

  • Bonnie Campbell

Brisbane record up for grabs as historic Queenslander hits market

The sprawling Queensland estate of financial services industry player Craig Offenhauser and wife Lorelle could eclipse Brisbane’s April record of $20.5 million.

  • Bonnie Campbell
Kimberley Jackson and Mark Senkevics bought the property for $7.6 million in 2016.

Royal Sydney: Rose Bay mansion hits market for $33m

Insurance industry boss Mark Senkevics and his wife, urban development big wig Kimberley Jackson, have listed their home fronting Royal Sydney Golf Club.

  • Bonnie Campbell
Caesarstone Asia-Pacific managing director David Cullen.

Engineered stone ban must focus on silica levels: producers

The country’s largest supplier of the potentially lethal product is pushing for a solution that would allow its low-silica alternative.

  • Michael Bleby
Quick-build modular housing units at the Guadalupe Emergency Interim Housing community in San Jose.

The $225,000 containers Silicon Valley is banking on to fix housing

In the US’ most expensive metropolitan area for housing, city streets are getting tiny homes made from repurposed shipping containers.

  • Nadia Lopez
Inside Cairns Central. Its 186 tenants generate total sales of $492 million annually.

Lendlease mall investors finally get their money back

The $390 million sale of Cairns Central brings to a close a protracted effort by Lendlease to raise capital to meet redemption requests in its flagship shopping centre fund.

  • Campbell Kwan and Nick Lenaghan
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Bradley Michael, CEO of restaurant operator Seagrass Hospitality at 6HEAD in Sydney

Big office landlords hungry for restaurants: steakhouse king

Seagrass Hospitality, which operates restaurants like Meat & Wine Co, is partnering with Dexus and Brookfield on new steakhouses in their office towers.

  • Larry Schlesinger
Little room for error: Profit margins are already shrinking for many builders.

Home builders will compete for business in 2024

Profit margins are already weakening for many of Australia’s home builders and greater competition will make that worse.

  • Michael Bleby

The suburbs where houses gained $1m in 12 months

Premium suburbs led the biggest gains in house prices growth by value, while the affordable suburbs posted a faster rate of increases.

  • Nila Sweeney
Meriton founder Harry Triguboff.

Rich Lister Harry Triguboff books 9 per cent dip in profit

Mr Triguboff’s Meriton Properties’ bottom line profit fell 9 per cent to $290 million, as income apartment sales dipped and management costs rose.

  • Campbell Kwan
An engineered stone slab.

Engineered stone ban leaves builders, customers in disarray

A ban on the artificial product was expected, but there was little detail on the immediate practical implications in a government agreement announced Wednesday.

  • Michael Bleby