Latest
DWS sells Brisbane CBD office for $24m less than it paid for it
The property fund manager’s acquisition of 120 Edward Street is yet another sign that office values have dropped at least 20 per cent due to WFH headwinds.
- Campbell Kwan
Mitsubishi partners with ESR on first Aussie logistics project
The Japanese property giant will add logistics to a local portfolio which includes investments in luxury apartments, build-to-rent and land lease estates.
- Larry Schlesinger
Record leasing, higher rents lift earnings at Centuria industrial fund
Centuria Industrial REIT leased more than 20pc of its portfolio over FY24 and generated average increases of 43 per cent as rents were reset to market rates.
- Larry Schlesinger
Rest, Barings to build $400m industrial estate by end of 2025
The site will provide much needed warehouse space in Sydney, which has the world’s second-lowest vacancy rate.
- Campbell Kwan
US office loan pain is only starting to ramp up
More than $145 billion of US commercial real estate is distressed. A further $418 billion at risk of slipping into that category.
- Neil Callanan
Scentre, Barrenjoey pin down another Adelaide shopping mall bargain
A month after they struck a deal at Tea Tree Plaza, Scentre Group and Barrenjoey Private Capital Management are back, buying a 50 per cent stake in an Adelaide mall.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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
Rich Lister’s $6b plan for 10,000 homes at master-planned city
The Costa Family Office is the majority investor in a 909ha site near Murray Bridge that will be developed into a $6 billion project with almost 10,000 homes.
- Larry Schlesinger
Melbourne penthouse prices tipped 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.
- Updated
- Larry Schlesinger
Yesterday
Rich Lister’s $6b plan for 10,000 homes at master-planned city
The Costa Family Office is the majority investor in a 909ha site near Murray Bridge that will be developed into a $6 billion project with almost 10,000 homes.
- Larry Schlesinger
High-end property boom sweeps southern Europe
As the Continent faces a housing-supply crunch, Americans have become a key prospective buyer base in many cities.
- Charlotte Hughes-Morgan
Overhaul for Adgemis’ Public Hospitality Group after refinancing
The Jon Adgemis-chaired pubs empire has completed its refinancing with Deutsche Bank, with the former KPMG dealmaker to focus on redeveloping its pubs.
- Kylar Loussikian
A solution to the athletes village conundrum might be on the Gold Coast
Paris’ capital-light infrastructure plan for the 2024 Olympics has been a great success. But plans to turn the village into new housing faces a new hurdle.
- Michael Bleby
July
Brisbane’s property price hot streak may be about to end
Brisbane’s rapid pace of growth has likely peaked but Perth prices are still “shooting the lights out”, experts say.
- Nila Sweeney
Melbourne penthouse prices tipped 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
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
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
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
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
