Latest
Banks’ pullback from offices, hotels opens door for non-bank lenders
With the bank sector reducing exposure to assets like commercial property, residential subdivisions and tourism, alternative players can now grab them.
- Larry Schlesinger
Why AustralianSuper isn’t investing in build to rent
The head of the country’s largest industry super fund says risk and scale are crucial factors for any investment it considers – and that’s an issue with BTR.
- Michael Bleby
WeWork’s exit opens opportunity for new co-working hub
The owner of 66 King Street in Sydney’s CBD has taken over the space from WeWork and decided to run his own co-working office there under a belief that he can do it better.
- Campbell Kwan
- Exclusive
- Superannuation
Keystone lent money to director’s $300m Port Douglas resort dream
Keystone Asset Management, under ASIC investigation, lent money to companies associated with a director’s controversial plan to develop an “uber five-star luxury” resort in Port Douglas.
- Max Mason
How higher building costs will shape the Brisbane Olympics
High labour costs will put pressure on the construction sector, forcing changes in how new projects are procured.
- Michael Bleby
Rural Funds eyes further sales of farms to cut debt and risk
Rural Funds COO Tim Sheridan says the trust may look to sell half-stakes in other cattle, cropping and macadamia properties it currently owns and operates.
- Larry Schlesinger
How it Sold
The 10-minute, $1.5m sale that was an afterthought
An interstate buyer paid $835,000 for in investment block of land, sight unseen. When they did come to see it, they bought the neighbouring block, too.
- Michael Bleby
Working from home option secures $1.8m sale
A Gold Coast home had a commercial side to it that put most buyers in the area off. So the agent went further afield.
- Michael Bleby
Luxury Property
Rich Listers sign up Marriott for $500m Gold Coast marina project
Marriott will operate the new Marina Mirage hotel under its Luxury Collection brand after signing an agreement with developers the Makris family.
- 37 mins ago
- Larry Schlesinger
- Exclusive
- Rural property
Fund manager Allan Fife pays $11m for 180-year-old Yass sheep farm
The Fife Capital founder will add Dowan Hill to a farming portfolio that includes Stonehenge, a sheep farm in Tasmania he bought last year for $25 million.
- Larry Schlesinger
More From Today
Rich Listers sign up Marriott for $500m Gold Coast marina project
Marriott will operate the new Marina Mirage hotel under its Luxury Collection brand after signing an agreement with developers the Makris family.
- 37 mins ago
- Larry Schlesinger
Yesterday
The 10-minute, $1.5m sale that was an afterthought
An interstate buyer paid $835,000 for in investment block of land, sight unseen. When they did come to see it, they bought the neighbouring block, too.
- Michael Bleby
This Month
- Exclusive
- Rural property
Fund manager Allan Fife pays $11m for 180-year-old Yass sheep farm
The Fife Capital founder will add Dowan Hill to a farming portfolio that includes Stonehenge, a sheep farm in Tasmania he bought last year for $25 million.
- Larry Schlesinger
Aviation exec to sell Provence-style vineyard in the Adelaide Hills
A $7 million luxury vineyard escape has joined the Adelaide Hills market complete with ornamental lake and Provence-style homestead.
- Bonnie Campbell
Tiny Sydney studio sells for $425,000 as clearance rate slides
A buyer from Dubbo snapped up one of Sydney’s smallest homes for just $425,000, but the city’s clearance rate fell to just 63 per cent, according to Domain.
- Larry Schlesinger
Post-pandemic demand for Australian housing softens
Overseas interest in Australian residential real estate softened in the six months to December, according to new Treasury figures of Foreign Investment Review Board applications.
- Michael Bleby and Tom McIlroy
- Exclusive
- Luxury property
Rich Lister buys Manly’s most expensive home
Maas Group’s Wes Maas and his wife Emma have emerged as the buyers of Manly’s most expensive home for around $35 million.
- Bonnie Campbell
- Exclusive
- Luxury property
Power couple creates Brisbane’s most expensive family compound
Prominent Brisbane couple Steve and Jane Wilson have bought the property next door to their recently restored landmark home Lamb House.
- Bonnie Campbell
Scentre’s bargain-hunting lands it $308m stake in Adelaide mall
The Westfield owner has set up a fund with Barrenjoey to buy a half stake in Tea Tree mall, in a deal that was struck at a 12 per cent discount to book value.
- Nick Lenaghan
- Exclusive
- Commercial real estate
Rich List Snow family sets sights on Canberra’s next landmark
It is the first major project launched by Capital Property, the owner of Canberra Airport, since Terry Snow stepped down from active management last month.
- Nick Lenaghan
- Opinion
- Chanticleer
Why the office property market is still in real pain
Sliding valuations in Australian office real estate means the debate about whether the sector has hit the bottom will rage on.
- James Thomson
GreenFort Capital targets $800m land lease portfolio
There’s a growing snowball of players and money rolling into the residential property play on one of Australia’s biggest demographic changes.
- Michael Bleby
Sydney house prices tipped to rise 8pc to $1.76m median in 12 months
House prices across Sydney, Brisbane, Perth and Adelaide are predicted to hit records within 12 months, but Melbourne and Canberra will fall short, Domain says.
- Nila Sweeney
- Investigation
- Property development
Bankrupt developer’s plan to repay $131m: start a new firm with mum
Andrew Bodnar’s empire went bust last year, taking self-funded retirees and a champion swimmer down with him. But he’s back in business to clear the massive debt.
- Larry Schlesinger
‘Private AI’ surge powers Equinix’s $240m data centre expansion
The surge in AI use adds to existing drivers for data centre demand, including cloud computing and increasing consumption of streaming services and social media.
- Nick Lenaghan
- Exclusive
- Office
Mirvac set to sell two office towers at discounts of more than 20pc
Pricing for the latest deals on the office towers in Sydney and Melbourne – worth close to half-a-billion dollars in total - shows just how far values have fallen.
- Campbell Kwan and Nick Lenaghan
Poor energy-efficient properties becoming stranded in Europe
More than half of 250 European commercial real estate portfolio managers surveyed acknowledge that more than 30 per cent of their assets are stranded.
- Frances Schwartzkopff
Employers lure workers back to office with promise of their own desk
Hot desking took off during the pandemic as a way to save money amid a new era of hybrid work. Now some firms are having second thoughts.
- Matthew Boyle
Nuclear plan puts sovereign risk back into infrastructure: Contractors
The Coalition’s energy proposal rekindles uncertainty for a contracting industry counting on renewable energy to offset a slowdown in rail and road work.
- Michael Bleby
Investor exodus gathers pace in Melbourne and Sydney
Higher tax burdens and weaker capital gains are prompting a growing number of property investors to sell out of Melbourne and Sydney.
- Nila Sweeney
