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- Commercial real estate
Consolidation coming to co-working as Melbourne rivals merge
CreativeCubes, backed by Flight Centre co-founder Geoff Harris, has bought five Melbourne hubs from Workspace 365 as it prepares for an offshore assault.
- Larry Schlesinger
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- Retail property
Challenger sells Tasmanian mall for record price
The wealth giant has sold Channel Court, which is the largest sub-regional mall south of the Hobart CBD, for $82.5 million.
- Campbell Kwan
The city that is still relatively affordable to buy a house
Rapid house price increases in the past year has sparked a sharp decline in the proportion of affordable house markets across Perth, Brisbane and Adelaide.
- Nila Sweeney
Office funds post their worst performance since GFC
ISPT 50 Lonsdale Street Property Trust and the Mirvac Wholesale Office Fund were the worst performers, posting declines in total return of more than 20 per cent.
- Campbell Kwan
‘We can’t even dictate contractors’: NSW builders eye EBA changes
Contractors in Australia’s largest state say they have lost influence to the main construction union.
- Michael Bleby
Build-to-rent starts tumble as high costs take a toll
But by the end of the decade, build-to-rent housing could hit its next growth spurt, accounting for nearly 20 per cent of apartment starts.
- Nick Lenaghan
How it Sold
First home buy costs $1.28 million – and 858km
Affordability is pushing rookie property purchasers to look more widely than before. But they’re often also older, and have more money to spend.
- 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
Luxury Property
Rich Americans flex-working on French Riviera fuel property boom
International buyers want long-term investments in sunny wealth hubs such as the French Riviera, Dubai and Miami, where they can live for long periods each year.
- Damian Shepherd
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- Luxury property
High-profile pair’s luxury farmhouse hits Southern Highlands market
Eastern suburbs couple Sanchia Brahimi and Paul Smith have listed their Berrima weekender, while the Golman family are selling a trophy estate in Bowral.
- Bonnie Campbell
Yesterday
‘Off the market’: The $175m pub sale that never happened
The Thomas family will retain ownership of The Oaks Hotel in Neutral Bay after a local family was unable to stump up the money to settle the circa $175 million deal.
- Larry Schlesinger
Rich Americans flex-working on French Riviera fuel property boom
International buyers want long-term investments in sunny wealth hubs such as the French Riviera, Dubai and Miami, where they can live for long periods each year.
- Damian Shepherd
First home buy costs $1.28 million – and 858km
Affordability is pushing rookie property purchasers to look more widely than before. But they’re often also older, and have more money to spend.
- Michael Bleby
This Month
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- Property survey
High costs choke supply of new homes: property experts
The cost of construction in capital cities has risen at a faster clip than house price growth, making it less economical to build new dwellings.
- Nick Lenaghan
Downsizers pay $130,000 above reserve for villa as auctions slow
SQM research director Louis Christopher said the low auction volumes indicated housing prices could to dip up to 4 per cent during the second half of this year.
- Campbell Kwan
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- Luxury property
High-profile pair’s luxury farmhouse hits Southern Highlands market
Eastern suburbs couple Sanchia Brahimi and Paul Smith have listed their Berrima weekender, while the Golman family are selling a trophy estate in Bowral.
- Bonnie Campbell
Why this segment of the housing market is struggling
Despite the overall increase in Sydney’s home values, pockets of weakness are emerging in higher-end markets and starting to spread.
- Nila Sweeney
Did King Charles really buy a $9m New York condo?
It wouldn’t be the first time that a suggestive name on a deed led to unfounded reports that a royal had bought a piece of Manhattan real estate.
- Rukmini Callimachi and Vivian Marino
- Exclusive
- Luxury property
Stock picker tipped to be buyer of $24m Darling Point unit
As the trophy market enters the winter doldrums, Potentia Capital’s Andy Gray and his wife Emma have quietly sold their Darling Point mega apartment.
- Bonnie Campbell
- Exclusive
- Luxury property
Jesinta Franklin on selling ‘life-changing’ Gold Coast hinterland home
Jesinta and Buddy Franklin are selling their luxury Gold Coast hinterland mansion Villa Casa as they plan to build a luxury farm.
- Bonnie Campbell
- Exclusive
- 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
- 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
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
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
