June 2022
‘Buyer numbers have diminished’ but bidding still robust
The mood has shifted in commercial property because of rising interest rates but tight yields and high prices are still being paid for the right assets.
Audit exposes NSW ePlanning portal failures
NSW’s planning bureaucracy botched the introduction of its ePlanning portal and still has issues communicating with key stakeholders about the system.
GPT buys into North Sydney with plans for premium tower
GPT’s wholesale office fund plans to build a 46,000sq m office tower in North Sydney by the end of this decade after buying two older buildings on Walker Street.
UBS names its top picks amid REIT rout
The value of property stocks has plunged this year and buying opportunities are surfacing, but the investment bank says it’s not cheap yet.
Industrial property’s golden run to ‘lose steam’ as debt costs rise
Signs are the bull run of Australia’s industrial property sector is easing, but a leading analyst predicts a soft landing and positive outlook.
- Exclusive
- Commercial real estate
Charter Hall set to break Canberra office record with $370m deal
The REIT’s office spending spree in Canberra will soon exceed more than $1 billion in just over 12 months as the business targets secure, long-leased assets.
- Exclusive
- Commercial real estate
StoreLocal Group secures $100m equity injection from Partners Group
The pandemic ignited demand for self-storage, a trend that shows no sign of slowing with global investors such as Partners Group looking to capitalise.
Rental crisis deepens as vacancy rates slump
Australia’s rental crisis deepened through May as national vacancy rates fell to 1 per cent, the lowest level in 16 years.
Australia’s total dwelling value passes $10trn for the first time
Housing values boomed in the year to March 31 but, based on recent expert forecasts, that may represent a near-term peak as interest rates bite.
New office projects fill up amid switch to inner suburbs
Alongside the leasing success at Goldfields’ 627 Chapel Street tower, another project by Peregrine Projects in Collingwood is 92 per cent leased.
Sam Arnaout makes a splash in Newcastle on the QT
It seemed like a gamble at the time, but Sam Arnaout’s East End development in Newcastle is paying off big time.
‘Big gorilla’ Stack buys into Aussie data centre business
Builder Hickory has sold a controlling share of a key division to the US-based company as part of a $1.5 billion pipeline of growth.
Mt Hotham moves to capitalise on developer demand as snow dumps
Snow is falling, alpine optimism abounds and Mt Hotham management is looking to capitalise on the buoyant mood, putting key development sites on the market.
Green financing takes off in commercial property
It was a long time coming, but it’s now clear that Australia’s commercial property sector has finally embraced sustainable financing.
Sydney, Melbourne home prices could fall 20 per cent
Home prices in Australia’s biggest cities rose the highest and have the furthest to fall as mortgage interest rates rise faster than expected.
Property stocks down 20pc for year as interest rates, inflation bite
A tough year may get even tougher for property stocks with further interest rate rises tipped.
Stockland hits new heights as North Sydney’s tallest building approved
It’s all part of developer Stockland’s push into premium office space.
Billion-dollar Parramatta growth plans threatened by state government move
The state government’s conservative approach to floor space ratios in Parramatta undermines its high-rise goals for Sydney’s second CBD.
Mirvac’s new Aspect on Western Sydney Aerotropolis site takes off
Mirvac is making up for lost time in the booming logistics sector, rapidly expanding its industrial developments in western Sydney.
Centuria Industrial REIT takes $20m gain on $13m purchase
The listed investor is following a broader strategy of acquiring adjoining assets within key infill markets to drive scale and tenant diversity.