Latest
Apartment sales boom – in the $1 million-plus price range
Soaring materials and financing costs are making most apartment projects unviable. But there’s a niche of the development market that is booming.
- Michael Bleby
Great opportunity in hotels, but build-to-rent a ‘catchy title’: Pridham
Andrew Pridham says early in the recovery cycle is when you want to be buying alternative assets like accommodation and pubs, but returns are too low in build-to-rent.
- Larry Schlesinger
- Exclusive
- Retail property
Region Group ends two-year drought with $74m mall deal
The country’s biggest owner of suburban malls has made its first acquisition in two years after buying Canberra’s Cooleman Court centre from Mirvac.
- Larry Schlesinger
Lendlease taps interest for $1.8b ‘tallest’ timber tower in Sydney
The global developer is moving swiftly on its radical restructure. Chief Tony Lombardo has fronted investors with plans for the world’s tallest hybrid tower.
- Nick Lenaghan and Hannah Wootton
Australian Unity hit with stop orders over investment questionnaire
The funds manager has been pinged by ASIC for tactics that could have inappropriately funnelled clients into its one of its funds.
- Max Mason
Rental homes hoovered up by US giant in bet on UK housing shortage
The Blackstone deal is the latest sign that Britain’s rental sector is attracting greater levels of investment from private equity groups and pension funds.
- Melissa Lawford
How it Sold
Downsizers who ‘weren’t looking’ buy $3.6m home
Competition for smaller homes in established suburbs like Claremont is so intense that many downsizers plan to build anew. But if they see something suitable, they jump at it.
- Michael Bleby
First home buyers purchase from investors in $780,000 sale
This Central Coast home’s proximity to the M1 highway made it popular with tradies commuting to Sydney – and with rates outlooks stabilising, they were confident about buying.
- Michael Bleby
Luxury Property
- Exclusive
- Luxury property
Harold Mitchell’s penthouse – combining five apartments – hits the market
The colourful, oversized home of the late advertising and media guru, who died in February, has gone on sale in Melbourne.
- Bonnie Campbell
- Exclusive
- Luxury property
Shoe boss Daniel Agostinelli steps up his Toorak digs with $17.5m buy
The CEO of Accent Group and his wife have upgraded their Toorak base, among a flurry of sales in Melbourne’s priciest suburbs.
- Bonnie Campbell
Yesterday
- Exclusive
- Luxury property
Harold Mitchell’s penthouse – combining five apartments – hits the market
The colourful, oversized home of the late advertising and media guru, who died in February, has gone on sale in Melbourne.
- Bonnie Campbell
- Exclusive
- Luxury property
Shoe boss Daniel Agostinelli steps up his Toorak digs with $17.5m buy
The CEO of Accent Group and his wife have upgraded their Toorak base, among a flurry of sales in Melbourne’s priciest suburbs.
- Bonnie Campbell
Chicago wants to enlist remote workers in rescue of downtown
It’s not the usual return-to-office pitch. Instead, the city is leaning into the rise of remote work by promoting co-working spaces in its iconic locations.
- Isis Almeida
This Month
SA removes stamp duty for first home buyers on all new builds
The pre-budget announcement is a concession that soaring house prices have sabotaged the effectiveness of last year’s more modest exemption.
- Michael Bleby
HAFF housing fund applications top 50,000 in first round
The government revealed demand for funding under the affordable and social housing program surged.
- Michael Bleby
Vicinity’s $96m exit at Pilbara mall opens door for syndicator
For Vicinity, the sale is the latest in a run of exits from smaller assets as it looks to drive an ambitious development program at its top malls.
- Campbell Kwan and Nick Lenaghan
Rich Listers list Gold Coast waterfront tavern
The billionaire Roche family are selling the large-format Harrigan’s tavern within their Calypso Bay waterfront estate as they focus on their NSW assets.
- Larry Schlesinger
Global banks start targeting a new breed of real estate risk
At issue are the carbon emissions of buildings and the expected cost of upgrades needed to stay on the right side of new green regulations.
- Frances Schwartzkopff and Gautam Naik
- Opinion
- Chanticleer
Meet Australia’s new mortgage prisoners
New data from Morgan Stanley suggests high house prices, difficulty getting loans and depleted savings mean more households are stuck in their current home.
- James Thomson
Billions in CBD office tower sales to test valuations
The slew of assets being offered off-market comes as listed property giants gain confidence that the office sector disruption is finally bottoming out.
- Campbell Kwan
Japanese investor joins $200m Cairns hotel exodus
The listing of the Cairns Harbourside Hotel by Japan’s Taisei Kanko follows the sale last week of the Pacific Hotel Cairns for about $35 million to NSW investors.
- Larry Schlesinger
Why owner-occupiers beat investors for industrial property
There’s a soft rebound coming in sub-$40 million commercial property as rates ease, but different sectors face their own challenges.
- Michael Bleby
House prices in cheaper suburbs surge 10pc in three months
Strong demand for affordable homes fueled a sharp increase in prices across some of the cheaper suburbs in Sydney and Perth, according to CoreLogic.
- Nila Sweeney
Migration behind Queensland house price surge: experts
Brisbane has overtaken Melbourne as the second-most expensive city to buy a house and Queensland is now the ‘epicentre’ of the housing crisis, an academic says
- James Hall
Downsizers who ‘weren’t looking’ buy $3.6m home
Competition for smaller homes in established suburbs like Claremont is so intense that many downsizers plan to build anew. But if they see something suitable, they jump at it.
- Michael Bleby
Sydney’s home values to hit new highs within weeks
The city has fully recovered from the recent downturn, while Brisbane overtook Canberra as the second most expensive capital city.
- Nila Sweeney
Spike in auction volumes drags clearance rates lower
Preliminary clearance rates drifted lower across Sydney and Melbourne over the weekend as more vendors put their homes on the market.
- Nila Sweeney
Home buyers are starting to revolt over steep prices across US
Sellers are grappling with the fact that higher-for-longer rates are choking off demand during what’s typically the key season for the US market.
- Prashant Gopal and Michael Sasso
Lendlease profit cut after ACCC delay on $1.3b estates sale
The earnings downgrade comes as an early blow for the company’s radical reset of its vast development business through a $4.5 billion divestment program.
- Updated
- Nick Lenaghan
May
The Young Rich Listers set to smash Queensland property records
Simon and Tah-nee Beard have listed their luxury penthouse for $30 million, more than double what they paid.
- Updated
- Julie-anne Sprague and Bonnie Campbell
