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Schools out: fund managers snap up Aussie Bush Camps in $60m deal
MA Financial, Pengana Capital and FinCap are targeting returns of more than 15 per cent from a new school camps real estate fund seeded with three big assets.
- Larry Schlesinger
The suburbs where house vendors are amassing $1m profits
Vendors in Sydney’s sought-after suburbs reaped more than $1 million gross profits on average amid tight supply and strong demand according to CoreLogic.
- Nila Sweeney
Rising costs add burden to weak new home construction
The hunt for a replacement product to the engineered stone that has been a standard feature of newly built Australian homes is only adding to the challenge of rising costs.
- Michael Bleby
Where house prices are going in 2024, and the best time to buy or sell
Homebuyers could have a rare chance to snag a good deal in early 2024 across Sydney and Melbourne, but the opportunity won’t last, property experts say.
- Nila Sweeney
Workspace company BE Offices collapses in pandemic aftermath
The London-based office provider entered an administration application, the latest flexible workspace business to fold.
- Sabah Meddings, Lucca de Paoli and Jack Sidders
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
How it Sold
‘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
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
Hedge fund traders snap up some of London’s priciest mansions
High borrowing costs have failed to deter wealthy buyers, lured in part to London by the pound’s weakness and the search for a safe haven for their money.
- Damian Shepherd and Sarah Rappaport
- Exclusive
- 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
This Month
Hedge fund traders snap up some of London’s priciest mansions
High borrowing costs have failed to deter wealthy buyers, lured in part to London by the pound’s weakness and the search for a safe haven for their money.
- Damian Shepherd and Sarah Rappaport
- Exclusive
- 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
$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
- Exclusive
- Rural property
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
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
‘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
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
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
- Exclusive
- Rural property
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
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
- Exclusive
- Luxury property
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
- Exclusive
- Luxury property
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
- Exclusive
- Luxury property
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
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
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
