This Month
Why this fund manager is ditching malls for private hospitals
RAM says private hospitals are good investments if you buy the right ones, and is selling malls and buying healthcare assets for its ASX-listed property fund.
Mother-daughter duo spend $17m on two off-the-plan Toorak apartments
Wealthier buyers are snapping up luxury apartments in good locations, with this project in Melbourne’s most prestigious suburb now close to selling out.
Why co-working operators love the weak office market
US real estate firm Pembroke is opening its first co-working hub and others are expanding, tapping demand from tenants reticent to sign long-term leases.
Sydney developer snaps up last Virtical pub in first trade of 2025
Sydney developer Lyon Group has bought the Hotel Australasia for $4.1m from receivers, after more than $1bn of NSW pubs changed hands in 2024.
Bidding war looms for home builder AVJennings
Singaporean group Ho Bee Land has trumped a bid by Propium Capital Partners.
Luxury home taken off market after catastrophic landslide
A local agent has been forced to pull a luxury home on Victoria’s Mornington Peninsula from the market after it was damaged by a house that collapsed in a landslide.
Why housing economists got it wrong on Perth, Melbourne prices
Some of the country’s top economists missed the boom in Perth house prices in 2024, and almost no one expected Melbourne values to fall.
Top restaurant groups expand as diners feast on hot new venues
While many are doing it tough, some of the country’s top hospitality operators are expanding as people seek out novel culinary experiences.
Private lender caps raise at $45m, warns of ‘diminishing returns’
Private lender Monark deliberately capped its latest raising, despite strong interest, to ensure it wasn’t pressured to deploy capital into riskier projects.
Goodman, Scentre among REITs set to bounce higher in 2025
A lack of new supply is expected to put more pricing power in the hands of landlords, meaning stronger earnings growth in 2025, say global investment managers.
December 2024
Wealthy families to sell Sorrento’s ‘Conti’ hotel for $180m
The Continental stands at the gateway to some of Victoria’s most expensive real estate, including the clifftop mansion of Portsea owned by Rich Listers.
- Exclusive
- Property development
James Packer-backed $400m Toorak project gets the green light
Developer Orchard Piper has won an appeal against a council decision regarding its eight-level project on the site of a former Mercedes-Benz dealership.
Atlassian tower the next frontier for reborn hostel operator
As it prepares for its most ambitious opening yet, YHA Australia’s business continues to boom as demand for budget stays grows.
Redcape bolsters pub portfolio with triple Brisbane swoop
MA Financial’s hospitality group bought the three venues for a combined $66 million following a recent string of asset sales.
Popular Melbourne pub business collapses
Administrators are seeking buyers for businesses that operated The Carlton Club in the Melbourne CBD and the Windsor Castle Hotel in the inner suburbs.
‘Instant gratification’ investors drive 14pc fall in data centre float
Investors have sold out of data centre landlord DigiCo after it failed to fire up following its much-hyped float on Friday, say brokers.
Orchard and vineyard values down 15pc as livestock farms rally
Farmland planted with permanent crops such as wine grapes and nuts has fallen 15pc on average over the past 12 months, according to a key index.
David Di Pilla says US a ‘huge’ opportunity for data centre REIT
Speaking ahead of the float today of data centre trust DigiCo Infrastructure REIT, David Di Pilla says the much bigger US market is a natural extension of his ambitions.
- Updated
AirTrunk’s Robin Khuda wins battle to build apartments at Palm Beach
The Rich Lister has seen off objections from residents to his plans to develop a series of luxury units next door to Barrenjoey House.
The 16,000-room hotel boom that is yet to slow
The burst of development over the past four years has two more years to run before it slows, a new forecast shows.