Latest
Mirvac wins control of $7.7b AMP office fund
The vote ends more than six months of uncertainty over the future of the fund, after Mirvac revived its bid this year, backed by disgruntled investors.
- 7 mins ago
- Nick Lenaghan
Kennards locks onto former Masters hardware store site
Kennards is aiming to redevelop a site in Melbourne’s north through a mixed-use scheme with retail, fast food and self-storage.
- Nick Lenaghan
Rental growth to ‘compensate’ for lower industrial values: ESR boss
ESR Australia boss Phil Pearce is confident industrial rents will rise strongly over the next two-three years after snapping up $107m of assets across Melbourne.
- Larry Schlesinger
China tries to stem mortgage boycott with developer loans
Home buyers have stopped paying mortgages on at least 100 projects across 50 cities.
- Qilai Shen
- Exclusive
- Property development
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
Multibillion building rectification bills draw new lenders, loans
Friction over the new loans reflects the pressures on strata management, a cottage industry that has undergone huge growth and has to deal with increasingly complex issues.
- Michael Bleby
How it Sold
Serious buyers are out there – they’re just not hurrying
In a sign of how much the market has turned, the vendor of this Sydney property waited until the final week of a four-week campaign before the buyer appeared.
- Michael Bleby
An $8000 reno adds $300,000 to sale price of Sydney unit
In a lower north shore suburb with plenty of one- and two-bedroom apartments for sale, one vendor found a cheap way to attract downsizers with a third bedroom.
- Michael Bleby
Luxury Property
- Property
- Hotels
Rich Lister Sam Arnaout outguns Sydney hoteliers for Canberra casino
This latest deal by the hospitality property king’s Iris Capital takes its investment in new hospitality assets this month to about $220 million.
- Larry Schlesinger
Laundy family buys $47m Port Macquarie pub
The Rich List Laundy family has again teamed up with Port Macquarie hospitality operator Alistair Flower to buy the Tacking Point Tavern in the northern NSW coastal town for about $47 million.
- Michael Bleby
More From Today
Serious buyers are out there – they’re just not hurrying
In a sign of how much the market has turned, the vendor of this Sydney property waited until the final week of a four-week campaign before the buyer appeared.
- Michael Bleby
Yesterday
The ‘toolkit’ helping measure carbon capture in real time
Using flux towers and sensors, the technology developed by Queensland University of Technology and Agrimix has the backing of some big industry names.
- Larry Schlesinger
Holistic farming couple spend $22m on South Grampians beauty
Wykeham at the foothills of the Grampians was acquired by Anna and Michael Coughlan, who farm according to holistic principles.
- Larry Schlesinger
It’s a buyer’s market as auction weakness spreads
Fewer new listings and vendor discounting have helped ease tumbling clearance rates a little, but the market is still trending down. It’s a boon for buyers.
- Nick Lenaghan
This Month
China’s troubled property market has global investors on edge
Mounting signs of stress this week have roiled China’s credit markets, dragged down the nation’s bank stocks and pummeled commodities from iron ore to copper.
- Richard Frost
Office vacancy nudges upward as tenants wait out uncertainty
As corporate Australia navigates through rising cost pressures and an uncertain economy, tenants are delaying their office accommodation decisions.
- Nick Lenaghan
China in crisis meeting with banks on mortgage boycotts
Reports of rapidly escalating refusals to pay mortgages have sparked losses in Chinese bank shares, reflecting concerns that the property crisis may spread to the financial system.
- Bloomberg News
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
Woolworths brings customers straight to its warehouse
Woolworths new online fulfilment centre in Brisbane is the first to offer car boot delivery services for time-poor customers.
- Larry Schlesinger
‘Flexibility has gone too far’: CBD office returns stall
The uptake of CBD desks nationally barely budged in June over the previous month and is at levels well below pre-pandemic, as a fresh wave of illness takes its toll.
- Nick Lenaghan
Rents jumped a record 12pc last year
The median asking rent of houses across all state and territory capitals jumped 12 per cent over the year to June – a record – and the equivalent figure for unit rents leaped 12.2 per cent.
- 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
- Exclusive
- Office
ISPT secures life insurance giant for ‘new build’ office tower revamp
ISPT will invest $150m overhauling 500 Bourke Street - a 1970s Melbourne office tower - to create a net-zero development.
- Larry Schlesinger
- Opinion
- Commercial property finance
Commercial property values could fall 10 to 30pc
Commercial property around the globe faces another unhappy downturn. But the outlook is unlike either of the previous collapses. Today’s downturn is largely a question of price.
- Robert Harley
Last-minute twist delays vote on $7.5b AMP office fund
Investors will consider the merits of an 18-month fee holiday before voting on their long-term future, with either Dexus or Mirvac as their fund manager.
- Nick Lenaghan
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
Industrial property’s ‘spectacular’ run coming to end: analysts
After registering huge valuation increases in recent years, the latest update from $4 billion landlord Centuria Industrial REIT suggests this run may be over.
- Larry Schlesinger
Brisbane office and retail complex changes hands for $55m
It is the latest property deal struck as the city hopes to woo more investment in commercial and residential real estate in the lead-up to the 2032 Olympics.
- Nick Lenaghan
- Exclusive
- Commercial real estate
Gwynvill joins the move to an upmarket George Street
Office developers are following in the footsteps of luxury retailers that over the past decade have gravitated towards a revamped George Street in Sydney’s CBD.
- Michael Bleby
- Property
- Hotels
Rich Lister Sam Arnaout outguns Sydney hoteliers for Canberra casino
This latest deal by the hospitality property king’s Iris Capital takes its investment in new hospitality assets this month to about $220 million.
- Larry Schlesinger
