Latest
Ink finally dries on Jon Adgemis’ big pub refi with Deutsche Bank
An announcement is expected as early as Wednesday, after Deutsche’s slice settles.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Thai family targets distressed sellers for luxury hotel growth plans
Earp Siriphatrawan, whose family owns the 415-room Amora Jamison Sydney Hotel, says distressed vendors have created a buyer’s market.
- Larry Schlesinger
NSW’s eviction rules will trigger landlord ‘exodus’
The NSW government’s proposed ban on evicting tenants without reasonable grounds will spark landlords’ exodus and deprive the state of billions of dollars in investments in the rental sector, property investors warn.
- Nila Sweeney
Costa family puts Victoria’s biggest tomato farm on the market
goFARM, a joint venture between the Costa family and Liam Lenaghan, is selling 4,855ha Winlaton Farms which grows field tomatoes sold to Kagome.
- Larry Schlesinger
Vendors need to rein in price expectations says Ray White boss
While auction clearance rate are holding up well and standout results on some properties are being achieved,
- Larry Schlesinger
- Opinion
- NSW residential property
Considering buying a rental property in NSW? Think again
NSW Premier Chris Minns plans to ban at-will evictions of tenants. The policy is unfair on owners.
- Aaron Patrick
How it Sold
‘Death clause’ triggers an extra $1.2m for vendor
“You’re not legally allowed to ask for a price reduction just because someone dies,” said the agent. But one buyer did – and then pulled out of the sale.
- Michael Bleby
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
Luxury Property
Melbourne penthouse prices to double as demand surges
Project marketers and valuers have tipped the average price of a Melbourne penthouse to double to $60,000 per square metre in the next few years.
- Larry Schlesinger
Trend-setting Toorak mansion for sale for the first time in 70 years
Ballara was one of the first Toorak homes to be built in the simpler California bungalow style that soon spread across suburban Melbourne.
- Larry Schlesinger
More From Today
Melbourne penthouse prices to double as demand surges
Project marketers and valuers have tipped the average price of a Melbourne penthouse to double to $60,000 per square metre in the next few years.
- Larry Schlesinger
Yesterday
Trend-setting Toorak mansion for sale for the first time in 70 years
Ballara was one of the first Toorak homes to be built in the simpler California bungalow style that soon spread across suburban Melbourne.
- Larry Schlesinger
This Month
QIC loses real estate chief, recruits ex-Dexus executive
QIC Real Estate managing director Michael O’Brien resigned from his role earlier this week.
- Campbell Kwan
Rich Lister-owned home building empire faces $100m class action
West Australian construction company BGC Housing Group – founded by the late Len Buckeridge and still controlled by the family – is facing a class action from potentially thousands of aggrieved home owners.
- Tom Rabe
‘Business as usual’ for Selina’s Australian ‘flashpacker’ hotels
The collapse of budget accommodation operator Selina’s London-based parent company will not impact the operation of its Australian hotels, says chief operating officer.
- Larry Schlesinger
The millions being made in flipping luxury homes
Four out of the top 10 most expensive houses sold last year were held for less than five years.
- Nila Sweeney
Sydney house prices at a record high but growth slows
Brisbane, Perth and Melbourne are poised to hit new milestones in the next six to 12 months but prices in Sydney and Adelaide are likely to moderate.
- Nila Sweeney
Home transaction growth will be ‘modest’ this year
Steady transaction volumes in the first two quarters of this calendar year show consumers are cautious, especially without a rate cut, PEXA data indicates.
- Michael Bleby
Construction, labour woes force developer to offload $200m of sites
APH Holding, which has a multibillion-dollar pipeline of Melbourne projects, has put more than $200m worth of sites on the market, including many with permits
- Larry Schlesinger
Melbourne ‘a proper basket case’ as office vacancy hits 20pc
As tenants shift into new towers, older and emptier office blocks will be deemed functionally obsolete.
- Nick Lenaghan
- Exclusive
- Retail property
Leica backs Melbourne CBD revival with world’s biggest store
The famed German camera maker has transformed an entire building in the Melbourne CBD into a retail hub that includes an art gallery.
- Larry Schlesinger
Canada rate cut fires up housing market
Falling interest rates can trigger a rush of activity, pushing up house prices. Policymakers must deal with the ripple effects when the market takes off.
- Aimee Look
The Hong Kong tower that symbolises China’s credit bubble bust
The woes at the building symbolise a credit bust that hit the city after the Chinese government’s crackdown on excessive leverage ended a property frenzy.
- Lorretta Chen and Pearl Liu
Sale price for Captain Cook pub doubles to $35m since 2020
The price paid for the Botany hotel by publican Kent Walker is in sharp contrast to the $6.6m paid recently for the Captain Cook Hotel in Paddington.
- Larry Schlesinger
- Analysis
- Commercial real estate
Tourism gimmicks won’t save the office wastelands of Canary Wharf
The landlords who own the old business districts need to be far bolder, and come up with some genuinely radical solutions as major firms head for the exits.
- Matthew Lynn
Architects, fire engineers, building surveyors fingered over cladding
Victoria’s combustible cladding crisis shows the permit system failed to ensure compliance with building rules, a new government agency report shows.
- Michael Bleby
- Sponsored
- Commonwealth Private
Migration supports demand for trophy homes
Demand for luxury properties is also growing thanks to strong migration underpinning the housing market.
Sponsored
by Commonwealth Private
Fear of CFMEU reprisals keeps building bosses silent
Major builders and developers say union power is driving up the cost of housing and infrastructure projects, and they don’t want more trouble on their sites.
- Michael Bleby, Nick Lenaghan and Larry Schlesinger
Why Melbourne could beat other cities in the next housing upturn
Melbourne’s prolonged downturn is priming the city for a strong rebound when interest rates fall, experts say.
- Nila Sweeney
AustralianSuper, Hesta look to supercharge housing investment
The industry super fund giants have taken shared ownership of Assemble, which develops affordable rental and for-sale housing.
- Michael Bleby
