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Property development


  • Exclusive

Lighthouse raises $300m for disability housing

The pace of investment into the specialised sector from institutional investors is picking up quickly, to help meet the accommodation requirements of an estimated 30,000 eligible people by 2025.

  • Nick Lenaghan

This Month

Lendlease and Mitsubishi Estate Asia have formed a joint venture to acquire the One Circular Quay development in Sydney for about $800 million, with an additional $50 million payment subject to certain project outcomes.

Japan deals are back with $3b Mitsubishi-Lendlease Circular Quay deal

Under the deal, Mitsubishi will increase its 19.9 per cent stake in the $3 billion project to 66.7 per cent and Lendlease will hold the balance.

  • Updated
  • Michael Bleby

Housing construction slows as COVID delays bite

It’s not all bad news as the delays, which reflect the rising costs and delays in home building, will also stretch out activity as underlying demand slows.

  • Michael Bleby
Gamuda Land Australian general manager Jarrod Lai at its site at Fishermans Bend.

Malaysian developer sets sights on building 1000 homes by 2027

Gamuda Land’s latest project is a 200-unit tower in Melbourne’s Fishermans Bend as it hunts for more sites around the city.

  • Larry Schlesinger
It was considered one of the city’s automotive jewels, but now is among most notorious examples of urban blight in the US.

Why Detroit’s car making history faces the wrecking ball

Once one of the city’s industrial jewels, the massive Packard complex is now one of the United States’ foremost examples of urban blight.

  • Corey Williams
The Gleneagle site acquired by Villawood Properties will support 600 lots.

Villawood adds $415m of projects to Queensland residential pipeline

Victoria-based Villawood Properties is moving swiftly ahead with its interstate expansion after buying three sites in Queensland.

  • Larry Schlesinger
Lendlease’s planned Euston Station redevelopment project will develop 400,000sq m of commercial space and 2000 apartments on the site of London’s sixth-busiest railway station. 

Lendlease eyes life sciences hub in London project

Proximity to health and research institutions matters for the life sciences sector, which one report tips to become a $10.3 billion sector in Australia by 2027.

  • Michael Bleby
Xavier College closed its Kostka Hall campus in Brighton last year.

Xavier College sells Brighton campus for $100m to Golden Age

The Jesuits’ exit on South Road provides Golden Age a development prize and a rare entry into one of Melbourne’s mostly highly sought suburbs.

  • Nick Lenaghan

New home build backlog may be starting to ease

A $6 billion backlog in housing construction could show early signs of easing next week, as supply chain constraints and poor weather begin to improve.

  • Tom McIlroy

Deagues’ high country housing plan has a Bright future

A popular destination for tourists throughout the year, Bright is the gateway into nearby snowfields during winter as well as for outdoor activities such as hiking and cycling.

  • Nick Lenaghan
OSK is throwing in furniture packages to buyers of its Melbourne Square penthouses.

Luxury homes with up to $80,000 in freebies thrown in

More than $3 million worth of furniture and design upgrades are being offered by Melbourne Square developer OSK to buyers of penthouses and prestige apartments.

  • Larry Schlesinger

Construction shrinks as interest rate rises blunt housing demand

Construction fell substantially in June for the first time in several months, with worker and materials shortages part of the problem.

  • Hannah Wootton
Australia has only one local eVTOL manufacturer, AMSL Aero, but foreign makers like Wisk are keen to bring in their aircraft

Flying vehicles get a flight path from CASA

A national strategy for flying vehicles, which could be in the skies within a few years, shows Australia is prepared for a “new era of aviation,” says Skyportz CEO Clem Newton-Brown.

  • Jenny Wiggins


Abandoned housing projects point to looming crisis

The opportunity, if it can be seized, is the chance to address the chronic shortage of social and affordable housing.

  • Robert Harley
John Barilaro took an executive director role at Coronation Property in February

Developer that hired Barilaro pays $315m for Sydney site

Coronation Property, which hired John Barilaro as an executive director in February, paid $315 million for a five-hectare apartment site in Erskineville.

  • Larry Schlesinger
Borrowers are being squeezed as rates rise and lenders apply tougher terms and conditions.

How property lenders keep turning the screws on borrowers

Tougher income checks, closer scrutiny of spending, bigger deposits and tougher loan conditions are being used as rates further rise.

  • Duncan Hughes
John McAslan.

NSW plans to expand Tech Central with $3b deck over rail yard

Developing space above rail lines is a highly complex and expensive task and there are many potential pitfalls, a veteran transport architect warns.

  • Michael Bleby
The Deebing Heights site will support over 900 homes.

Frasers project exit provides Queensland entry for Melbourne’s Moremac

Melbourne-based developer Moremac sees a strong future for housing sales in south-east Queensland, after paying $45m for a 115ha site near Ipswich.

  • Larry Schlesinger
The outline of AsheMorgan’s 10ha District Docklands precinct in Melbourne’s inner west, with location of the planned new $100 million Nesuto hotel development.

AsheMorgan spins failed retail into office gold

The developer says repositioning efforts at a failed shopping precinct in Melbourne’s Docklands are paying off by tapping changing workplace demands.

  • Michael Bleby
The tallest buildings proposed would be built at the south-west corner, near the motorway ramps to the Anzac Bridge.

Housing could be the new tax reform

Opposition to a housing development in Sydney’s inner west is an example of why one of society’s worst problems hasn’t been fixed.

  • Aaron Patrick