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    Today

    The resort includes a pool and bar.

    NRMA snaps up Yamba holiday park for more than $40m

    The association will add the Blue Dolphin Holiday Resort in Yamba to a tourism portfolio that includes Cradle Mountain Hotel and Freycinet Lodge in Tasmania

    • 1 hr ago
    • Larry Schlesinger

    Not a home office: cafe finds coffee and laptops don’t blend well

    The same reasons that drove19th-century writers from their garrets have led office workers to colonise café tables.

    • Jane Shilling

    Yesterday

    Avid Property Group CEO Cameron Holt.

    Developer Avid flags $1.4b land lease housing play

    The privately owned developer that acquired Villa World in 2019 has expanded into the fast-growing land lease business. At scale.

    • Michael Bleby
    Lenders have appetite to provide finance for developments, but most of that money is going to smaller, luxury projects.

    Lenders’ preference for luxury units a blow to housing supply hopes

    Mortgage broker Stamford Capital is arranging construction finance for developments worth $5 billion. All of them are luxury apartment projects.

    • Larry Schlesinger
    This McDonald’s in North Rothbury sold on a 2.97 per cent yield.

    Developers cash in as investors spend big on fast food and childcare

    Nearly $50m was splashed by investors at a commercial property auction in Sydney, of which almost half was spent on fast food outlets on long leases.

    • Larry Schlesinger
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    Can $32 billion fix the housing crisis?

    The Albanese government’s ambitious plan to boost housing supply might not make a difference before the next election. Is there a better solution?

    • Robert Harley

    This Month

    Colourful houses in the Longyearbyen settlement.

    For $490 million, last private land in Arctic archipelago can be yours

    The massive tract of land could be an investment project for a high-net-worth individual looking to make an impact as an environmentalist.

    • Sarah Rappaport
    Confident about its housing business: Frasers residential boss Cameron Leggatt.

    Demand for housing and sheds to drive Frasers forward

    Frasers’ booming Australian residential and industrial businesses will help drive profits at the Singaporean giant, after they fell at the half-year stage.

    • Larry Schlesinger

    Lendlease tax woes could trigger second profit downgrade

    John Wylie’s Tanarra Capital is pushing for a seat on the Lendlease board, as the country’s largest property group faces the prospect of a damaging profit downgrade after tax officials handed it a $112 million bill.

    • Updated
    • Michael Bleby, John Kehoe and Aaron Weinman
    Developer Ashley Williams says Victoria’s decision to cut its infrastructure pipeline will free up little capacity to boost housing construction

    House builders can’t compete with states’ cash splash

    In the race for talent and materials in Australia’s construction game, housing has consistently run in second place to the infrastructure sector.

    • Michael Bleby
    Damien Frawley was CEO of QIC from 2012 to 2022.

    Former QIC boss Damien Frawley puts Qld cattle station on the market

    Damien Frawley, who is a director at Mirvac and chair of Hostplus, is the biggest shareholder of Blue Sky Beef which is selling Gowan Station.

    • Larry Schlesinger
    Record levels of wheat production have helped fuel a price boom in WA.

    WA farmland boom to end as drier conditions prevail

    Farmers in Australia’s wheat and sheep powerhouse state enjoyed a 32 per cent uplift in land values in 2023, but there will be no repeat performance of that in 2024.

    • Larry Schlesinger
    Tim Gurner.

    Gurner-Roberts merger plan sinks

    A lack of “chemistry” between the two Rich List business leaders also hindered a merger of their development and construction businesses.

    • Michael Bleby and Larry Schlesinger
    Matt Carolan in Sydney, where his new platform will focus its initial efforts.

    Dutch pension fund giant puts $700m into Sydney build-to-rent start-up

    Apt.Residential has won the backing of PGGM, which has committed $700m to the rollout of 2500 apartments.

    • Larry Schlesinger
    Holding up construction: Australia has too few workers to build the homes it needs. But it also has a productivity problem, economists say.

    Government’s $91m tradie plan only ‘modest’ boost for home building

    Australia’s target of 1.2 million new homes is a crisis of surging demand and a construction workforce facing its own demographic challenges.

    • Updated
    • Michael Bleby
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    Property giant GPT slammed as too ‘woke’ for growth

    GPT’s chair Vickki McFadden has defended the company’s efforts on environmental and social issues at its annual shareholder meeting.

    • Nick Lenaghan
    Goodman Group CEO Greg Goodman says the company is enmeshed in the AI ecosystem.

    How Goodman Group’s data centre dream could be super-sized

    The next generation of data centres will require even more land. That’s something Greg Goodman says his group can provide. 

    • James Thomson
    Victorian Treasurer Tim Pallas is banking on property taxes. But has he got the mix right?

    Victoria cannot tax its way to prosperity

    Victoria arguably has some of the most complex rules and highest property tax imposts in the country. Will it work?

    • Matthew Cridland

    Melbourne shuns office return, Sydney coaxed by redundancy fears

    New figures also show Canberra has the second-lowest office attendance rates as public service workers do not face the same scrutiny as Sydney’s private sector.

    • Campbell Kwan
    CEO Greg Goodman.  The China market is weaker.

    Goodman warns on China as data centre push gathers speed

    Occupancy across Goodman’s China portfolio was 93 per cent over the March quarter, compared with 98 per cent across its overall portfolio.

    • Larry Schlesinger