Today
China’s enthusiasm for Australian housing cools
Home buyers from China are being squeezed between a slowing economy and high prices for Australian residential real estate.
This Month
Rich Lister strikes three with $170 million Adelaide mall deal
After making a fortune in petrol stations, Nick Andrianakos is reinvesting that wealth into the retail revival, with a string of big mall investments.
- Exclusive
- Commercial real estate
Big industry super property fund plunges to $1.5b loss on write-downs
ISPT, backed by AustralianSuper and other big funds, has written down the value of assets in its flagship vehicle as it prepares to merge into IFM Investors.
Stockland bumps up earnings after buying Lendlease estates
The mega deal hands 12 greenfield projects to Stockland to develop in the midst of a housing crisis when new homes are in hot demand.
David Di Pilla flags $4b data centre float
Di Pilla’s group, HMC Capital, now has $2.5 billion of digital infrastructure assets in its control. It plans to spin off the portfolio and list it on the ASX.
Housing market braces for Trump’s interest rate gyrations
Less than two thirds of homes listed for auction sold in the past week as an already weakening market absorbed the prospects of Donald Trump’s re-election.
October
Property downturn nips into Walker Group profit
The empire founded by the late Lang Walker is powering on, with a $36 billion development pipeline and landmark projects stretching from Sydney to Malaysia.
Office funds drop 27pc, but the downturn may soon be over
Rising interest rates, weak demand and the switch to hybrid work have wrought havoc for the office sector over the past two years.
Costello backs negative gearing: ‘It’s not a concession’
Both the former treasurer and Opposition Leader Peter Dutton say negative gearing should be upheld as a basic principle of our tax system.
Giant $1.5b build-to-rent housing project slated for Marrickville
The massive project is put forward as a state significant development. Fully funded, work can begin as soon as approval is granted by the NSW government.
‘Be careful what you wish for’ in property tax reform
Any benefit from falling house prices by curbing investor concessions may be short-lived. And there would be a price to pay, say property experts.
Office mandates on the rise as jobs market softens: experts
The trend back to the office has further to run in the short term as power swings back toward employers. But there may be limits to that shift.
House price growth to slow to 5pc nationally: experts
The pace of house price growth is slowing as affordability constraints and high borrowing costs take the edge off strong underlying demand.
Google HQ, Media House up for grabs
The offerings come after two years of significant upheaval across the office market. But there is growing confidence the down cycle is finally bottoming out.
September
Di Pilla’s $50b funds dream inches closer with major mall deal
If it is finalised, the deal for a stake in the Sydney mall will be a fresh expansion of the rapidly evolving funds platform that went public five years ago.
Weak auction markets point to falling house prices
Auction clearance rates have fallen to their lowest level this year, suggesting buyers are worried there is little relief in sight from high interest rates.
ACCC green light for $1.3b Lendlease, Stockland estates deal
The divestment is one of a number of major initiatives that Lendlease boss Tony Lombardo is pursuing in a radical overhaul of the global developer.
Country’s biggest builder warns on housing slowdown
Forget fiddling with tax settings and focus on fixing red tape and the tradie shortage to deliver more housing, says Metricon boss Brad Duggan.
Australia’s most powerful people in property for 2024
Interest rates and construction costs are wreaking havoc and creating new winners and losers. Perhaps the biggest power shift is the fading influence of the CFMEU.
Apartments taking two-and-a-half years longer to deliver: Urbis
The forecast delay in supply comes as pressure is increasing on the federal government to navigate political opposition to key planks in its housing policy.