Latest
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- Restaurants
Crown offloads Nobu stake in deal valuing restaurant group at $1.3b
Blackstone-run Crown has had a 20 per cent stake in the acclaimed Japanese chain, part-owned by Robert De Niro, since James Packer bought in a decade ago.
- Nick Lenaghan and Matthew Cranston
How Sharona avoided years of saving to afford a five-bedroom home
Sharona Ghaemmaghami and her boyfriend paid lenders mortgage insurance to enter the housing market earlier than if they saved for a 20 per cent deposit.
- Campbell Kwan
The investor survival kit for property taxes
Property investors, particularly in Victoria and NSW, face what seems to be an ever-increasing regime of extra costs and charges. Here are some tips to stay the course.
- Robert Harley
PGIM hops on private credit boom with $750m fund
The global fund manager’s first local private credit fund has raised $300 million and received an additional $300 million in commitments so far.
- Campbell Kwan
House price growth to ease under 5pc as affordability bites
Some of the heat is finally coming out of the market’s remarkable rebound as the burden of servicing mortgages weighs more heavily on prospective buyers.
- Nick Lenaghan
The $175b super fund that’s shopping for old London office blocks
With $11 billion in its property portfolio, Aware has been unafraid of going early and hard with a countercyclical strategy. And it means going global.
- Nick Lenaghan
How it Sold
One-bed unit, no car park – the price? Almost $1m
There were not many takers for this nice, but expensive, property. But one buyer valued it differently – and was prepared to pay for that.
- Michael Bleby
The unusual move that made this seller $4.8m
Most people with a large block to offload would do just that, but this vendor developed it – and made a much bigger profit in the process.
- Michael Bleby
Luxury Property
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- Luxury property
Hedge fund manager’s Perth mansion sells for $25 million
A contemporary mansion in Mosman Park has sold for $25 million in Western Australia’s biggest residential deal so far this year.
- Bonnie Campbell
- Exclusive
- Luxury property
Young Rich Lister splashes $19m on 1950s waterfront home
Founder of streetwear label Geedup Co. Jake Paco and his mother Debbie have emerged as the buyers of sprawling waterfront estate in Sydney’s Sutherland Shire.
- Bonnie Campbell
Yesterday
- Exclusive
- Luxury property
Hedge fund manager’s Perth mansion sells for $25 million
A contemporary mansion in Mosman Park has sold for $25 million in Western Australia’s biggest residential deal so far this year.
- Bonnie Campbell
- Exclusive
- Luxury property
Young Rich Lister splashes $19m on 1950s waterfront home
Founder of streetwear label Geedup Co. Jake Paco and his mother Debbie have emerged as the buyers of sprawling waterfront estate in Sydney’s Sutherland Shire.
- Bonnie Campbell
This Month
Now is the time to buy commercial property, says this veteran analyst
Veteran real estate research analyst Sameer Chopra says population growth and the high cost of construction will lead to property values surging.
- Larry Schlesinger
Interest rate uncertainty dogs builders as buyers stay away
Less than half of companies polled by Macquarie said they expected sales to increase, even as inquiries for new houses begin to increase from last year’s lows.
- Campbell Kwan
Alceon names Goldman Sachs private capital operative as its new CEO
David Gribble will succeed former investment banker and Babcock & Brown executive Trevor Loewensohn, who founded Alceon alongside Phil Green and Morris Symonds.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Property Winner
- Sustainability Leaders
How to get to net zero with recycled building rubbish
Nu-Rock founder Maroun Rahme says reusing waste products could deliver Australia its net-zero target by 2030 as the company takes out the Property and Construction category.
- Larry Schlesinger
- Exclusive
- Sales
Rivers of gold from Surfers Paradise towers flow to ex-Evergrande exec
A local real estate developer with extensive links to the collapsed Chinese property giant says it has more than $500 million in unsold units on the Gold Coast.
- Primrose Riordan
Home loan size hits record $626,055 as Perth, Brisbane power up
Owner-occupiers are, on average, taking out larger loans than ever before despite the fact the cash rate is sitting at a 12-year-high.
- Nick Lenaghan
Redcape sells trio of pubs for $136m to meet priority redemptions
Redcape managing director Chris Unger said the group will pay out priority redemptions and provide $40 million of liquidity over the next year.
- Campbell Kwan
Foreign land buyers take class action against Victorian surcharge
It’s the latest step in a debate between those who argue taxation based on nationality is discriminatory and state governments that say it’s about revenue.
- Michael Bleby
One-bed unit, no car park – the price? Almost $1m
There were not many takers for this nice, but expensive, property. But one buyer valued it differently – and was prepared to pay for that.
- Michael Bleby
Office deal flow still a trickle despite 60pc increase
Office deal activity will not ramp up quickly as due diligence processes are taking as much as four times longer due to concerns about the sector.
- Campbell Kwan
- Exclusive
- Industrial
AWH lease renewal locks cotton, wool in shed for another 7 years
Transport access is key for the fibre handler, which accounts for 4 per cent of the REIT’s total portfolio.
- Michael Bleby
Lendlease plans $500m development in Sydney’s Edgecliff
The new project is one of many the developer needs to show investors it is replenishing its local housing pipeline as it pivots to a new Australian focus.
- Michael Bleby
Winter chill, school holidays cut auction volumes
Buyers and sellers are cautious about the interest-rate outlook, but are still willing to pay strong prices for good homes – when they can find them.
- Michael Bleby
- Exclusive
- Insolvency
Administrator takes builder Mahercorp to task for halting creditor payments
The insolvent builder has an obligation to meet repayment arrangements it struck with creditors before its restructuring, its own administrator says.
- Michael Bleby
Georgian homestead near Canberra sold for the first time since 1841
Manar was an 11,000-acre farm when it was purchased by Scottish emigrant Hugh Gordon with his inheritance for £12,000.
- Larry Schlesinger
- Exclusive
- Luxury property
Family behind global furniture sensation buys $10.5m Sydney clifftop home
The Condos family of luxury furniture brand Harbour Outdoor pick up a second Maroubra house, while former Pendal CEO sells in Cremorne.
- Bonnie Campbell
- Exclusive
- Luxury property
Architects buy Wesfarmers executive’s Cottesloe mansion
Wesfarmers heavyweight Ed Bostock has sold the family home in Cottesloe following his appointment as CFO of the conglomerate’s health division.
- Bonnie Campbell
UBS has a new suggestion for REIT investors – buy battered Mirvac
The bank’s analysts, in a 65-page overview of the sector, said the market had yet to confront the impact of higher interest rates. It expects two increases.
- Kylar Loussikian
