Latest
Developer cashes in as investors spend $38m on fast food
A vacant Bunnings purchased for $35m in 2020 and redeveloped into a homemaker centre with fast food outlets has generated $95m in total real estate sales.
- Larry Schlesinger
Sydney’s tallest tower to test battered office market
The Japanese property giant is seeking around $600 million for its 30 per cent stake, which would value the entire Salesforce Tower at $2 billion.
- Campbell Kwan and Nick Lenaghan
Share of $1m suburbs blows out in Perth, Adelaide, Brisbane
The share of suburbs across Australia with a median house price of more than $1million is poised to surge in the next six months.
- Nila Sweeney
Federal buybacks in Murray-Darling Basin to stem fall in water prices
The Commonwealth’s plan to buy back 70 gigalitres of water entitlements in the southern Murray-Darling Basin has already lifted water prices in some markets.
- Larry Schlesinger
European property funds face redemption reckoning as $20b gets pulled
Europe’s fund managers face a dilemma: selling more attractive assets to meet redemptions leaves them overexposed to beaten-up segments of the market.
- Jack Sidders, Neil Callanan and Laura Malsch
Malaysian developer set to sell 50pc stake in Melbourne’s Shangri-La
Sources said the acquirer was a large unlisted credit fund and had put a compelling offer on the table that exceeded the initial sale price expectations.
- Sarah Thompson, Kanika Sood and Emma Rapaport
How it Sold
Vendor goes for ‘bird in hand’ to sell terrace for $1.43m
In a market with two camps of buyers, those on the rebound are acting faster than those thinking the market might slow more.
- Michael Bleby
‘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
Luxury Property
- Exclusive
- Luxury property
Vacant Vaucluse mansion asking $30m
In Sydney’s Vaucluse, an 1890s manor, sitting on more than 2000 square metres, has hit the market guiding $30 million.
- Updated
- Bonnie Campbell
In the market for a Greek island luxury villa? Here’s a look at four
The rise of remote work and Greece’s golden-visa program have spurred a wave of interest from overseas buyers for idyllic island homes.
- Sarah Rappaport
More From Today
- Exclusive
- Luxury property
Vacant Vaucluse mansion asking $30m
In Sydney’s Vaucluse, an 1890s manor, sitting on more than 2000 square metres, has hit the market guiding $30 million.
- Bonnie Campbell
In the market for a Greek island luxury villa? Here’s a look at four
The rise of remote work and Greece’s golden-visa program have spurred a wave of interest from overseas buyers for idyllic island homes.
- Sarah Rappaport
Yesterday
The most expensive house sales outside Sydney
Recent sales of premium homes in top regional areas could challenge Sydney’s status as the country’s most expensive housing market.
- Nila Sweeney
Blumenthal’s $50m mansion at heart of lender suit
Sydney’s prestige property market is not for the faint-hearted. Luckily, Adam Blumenthal has never been that.
- Myriam Robin
Surf Dive ‘n’ Ski founder lists neighbouring period buildings for $30m
Fadil Sadikay is selling the South Yarra apartments with a permit to turn them into a luxury development.
- Larry Schlesinger
What a cash rate hold means for REITs
Office landlords face further asset write-downs this earnings season, but there may be little pain after that as interest rates stabilise, says Barrenjoey.
- Campbell Kwan
Stable cash rate not enough to boost home buyer demand: analysts
The uncertainty over potential rate cuts will weigh on buyer demand and slow price growth in Sydney and Melbourne, experts say.
- Nila Sweeney
Developer Guy Nelson puts Melbourne period mansion on the market
The grand Victorian home on Sorrett Avenue in Malvern is being sold by the former Macquarie Group real estate boss and founder of developer Alpha Partners.
- Larry Schlesinger
X to close flagship San Francisco office
Elon Musk will move X to Texas, after California banned schools from requiring teachers to notify parents if children change their gender identification.
- Kate Conger and Ryan Mac
Ex-RBC banker launches real estate IM with Iris Energy deskmate
Street Talk understands co-founders Bom Shin and Kevin Ghazi have just come off an Asia roadshow and are actively looking at deals.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
Deals in build-to-rent market ready for lift-off, says US giant
Build-to-rent housing is potentially a big contributor in efforts to plug the country’s chronic housing shortfall which has sent rents skyrocketing.
- Nick Lenaghan
Melbourne developers offer big rebates as unsold lots surge
Discounts of up to $35,000 are available and low deposits are being accepted as unsold stock rises to almost 3000 lots.
- Larry Schlesinger
Australia’s 10 most expensive homes are all in one location
Wealthy home buyers splurged nearly a quarter of a billion dollars snapping up the country’s priciest mansions – in Sydney’s eastern suburbs.
- Nila Sweeney
This 23-floor Manhattan office building just sold at a 97.5pc discount
It is the latest and perhaps most surprising sign of how the pandemic has upended the state of office buildings in New York, the largest CBD in the US.
- Matthew Haag
Centuria buys into Nvidia boom with office-friendly data play
It has acquired a half stake in data centre operator ResetData for $21 million, to repurpose its underperforming offices and jump on the AI bandwagon.
- Campbell Kwan
Vendor goes for ‘bird in hand’ to sell terrace for $1.43m
In a market with two camps of buyers, those on the rebound are acting faster than those thinking the market might slow more.
- Michael Bleby
Rate reprieve fails to ignite auction markets
Preliminary auction clearance rates slumped across Sydney as home buyers remained cautious and terrified to commit, amid still high mortgage and holding costs, experts say.
- Nila Sweeney
- Exclusive
- Pubs
Lenders tried to sell Jon Adgemis’ pubs to Justin Hemmes’ Merivale
Merivale was shown internal financial spreadsheets by one major lender, but ultimately decided against exploring a deal, sources said.
- Primrose Riordan and Sarah Thompson
- Analysis
- Due diligence
DroneShield: a capital markets plaything or the real deal?
Even as sceptics question its valuation, the drone detection and jamming group has a near $1 billion market capitalisation.
- Jemima Whyte
German chancellor lines up crisis talks with property titans
Germany’s real estate market is beset by the failure of major developers and a crash in investment and financing as real estate prices slump.
- Tom Sims, John O'Donnell and Matthias Inverardi
