This Month
Elizabeth Bay luxury tower development rejected
The Rolling Stones made a surprise appearance in a judgment backing residents in a fight with developer Fortis about housing needs.
Japanese giant in mega housing deal with Mirvac
The deal marks the next wave of Japanese investment in Australian property as trading companies seek out opportunities.
Macquarie buys into private credit provider IDA
The investment bank is tapping the demand for development funding in Australia’s chronically undersupplied housing market.
How it just became even better to buy an apartment in NSW
A High Court ruling has made it easier for off-the-plan buyers to sue developers and builders for defects – but only if they live in the largest state.
Vendor sells $1m apartment in ‘flooded’ market
In a building with many investors selling, an upgrading owner-occupier was also trying to offload – in a market that changed for the worse within months.
Queensland may have to tap private funds for Olympic projects
With construction cost growth outstripping Sydney and Melbourne, Brisbane 2032 might need private consortia to deliver and operate Games infrastructure.
Older, ‘cheaper’ houses hide costs that bite owners
More than 80 per cent of Australia’s houses have half the energy efficiency of the latest standards – and that’s going to make them less valuable.
‘Shoebox’ apartment sells for $850,000 in less than a day
With supply crunched, this 41-square-metre unit sold at a rate similar to those on nearby Millionaires’ Row.
- Exclusive
- Commercial real estate
Why Victoria will struggle to sell Mount Baw Baw alpine resort
More than one-third of the resort’s commercial sites are vacant and it doesn’t have enough power to use them all, business owners say.
- Exclusive
- Build-to-rent
New tax laws no silver bullet for build-to-rent, NAB warns
Last week’s legislation halving the tax rate for foreign investors is a good start, but rival Macquarie agrees other factors also drag on projects.
- Exclusive
- Commercial property finance
‘It’s a bit of a golden age of private credit’
Fund manager Nuveen, which has done a $400 million deal with Singapore’s sovereign wealth fund, says high returns are possible – and the risks aren’t bad, either.
Big builders enjoy recovery as insolvencies hammer small players
Even as large contractors report stronger earnings, the loss of smaller subcontractors cuts capacity and creates risks for the whole sector.
Worst has passed for new home building: economists
Bad times “are starting to end” as developers now have a handle on costs and the prices they can get for apartments.
Not even the agent saw this $4.2m purchase coming
They were three separate houses, sitting in a row. The residential sites were no good for development, but that didn’t stop one buyer from purchasing them all.
November
‘India, not China, is the historic centre of the Asian world’
Scottish author William Dalrymple argues in his new book that Indian thinkers like Aryabhata and Brahmagupta should be as familiar to the West as Archimedes and Galileo.
AVJennings to go private after mega private equity bid
The takeover offer from Proprium, which is backed by the company’s board, values the major home builder at $374 million, double its market capitalisation.
Housing construction rises to a three-year high
There are some signs of a pick-up in home-building, but higher costs and a risky environment for contractors are holding back development.
Renovations boom while new builds stall
Australia’s trade and subcontractor shortages could be eased if policies and regulations tilted resources towards new home-building.
Stockdale calls for Victorian asset sell off to repay debt
Former Liberal state treasurer in the Kennett government calls on Labor to sell its remaining assets, slash regulation and reduce taxes.
Victoria to sell loss-making Baw Baw, Lake Mountain ski resorts
The two resorts closest to Melbourne have long needed subsidies to keep operating. But selling them creates dilemmas for the state’s alpine tourism market.