Latest
Developer Jreissati cuts $1.5m from Eureka Tower penthouse price
It’s the latest effort by the family to sell their level-82 apartment in a building one pundit calls the city’s ‘white elephant’.
New housing supply will raise (and lower) prices
The new home-building cycle is just beginning. Its effects on values will vary by location and property type, analysts say.
High-profile Gold Coast project up for sale after HMC foreclosure
The owner lost control of the site, which is approved for a 46-storey residential tower, after owning it for just seven months.
Sydney home gets $200k above reserve, as Melbourne auctions rocket
The nation’s preliminary auction clearance rate notched higher for a fourth consecutive week, but the number of homes going under the hammer remains light on.
Lifestyle Communities hardly a villain in Australia’s housing story
If we remove or restrict land lease models, the only people who lose are those who will be priced out.
Brisk, no-risk housing policies take states back to the future
Fast-track planning rules to accelerate housing development and make better-quality homes show NSW is relearning lessons it has forgotten.
How it Sold
‘There’s definitely profit’ for buyer of $2.4m home
Lower borrowing costs and expectations that purchasers will pay more are spurring developers into action once again. They’re chasing areas with opportunity.
A picture tells a $500k price difference
First impressions count. So for the second attempt to sell this house, that meant cutting back a tree that clouded the front “hero” photograph. And it paid off.
Luxury Property
Annie Cannon-Brookes opens restaurant on her $24m Dunk Island
The project is the first step in a major revitalisation planned for the Far North Queensland island devastated by cyclones.
Southern Highlands trophy home in new hands with $26m price tag
A 2000 square-metre mansion in the lavish Southern Highlands has sold, more than doubling the residential price record of the town of Robertson.
More From Today
‘There’s definitely profit’ for buyer of $2.4m home
Lower borrowing costs and expectations that purchasers will pay more are spurring developers into action once again. They’re chasing areas with opportunity.
This Month
Ryan Stokes in the market for a new CEO penthouse
The Seven Group managing director will be turfed from his Sydney office after the building was acquired by Lendlease.
Alceon follows wealthy downsizers to Coolangatta with $142m retail buy
The investment manager plans to reposition the 32,000-square-metre shopping centre to match the southern Gold Coast’s changing demographic.
Annie Cannon-Brookes opens restaurant on her $24m Dunk Island
The project is the first step in a major revitalisation planned for the Far North Queensland island devastated by cyclones.
Turnaround story for motels, hospitality’s Cinderella asset
The industry is booming off the back of a resurgence in domestic travel during the pandemic, with institutions and small investors pouring into the space.
Everyone wants to be a fund manager. But can they?
Lendlease boss Tony Lombardo must rescue a business he dearly wants to keep.
Asahi Kasei-owned builder NEX expands into land development
The move shows a deeper investment by the company that bought into then-named McDonald Jones Homes in 2017.
Cbus Property set to build $400m Melbourne residential development
Super fund developer Cbus Property purchases one-hectare commercial site to build two apartment towers and townhouses fronting Melbourne’s Yarra River.
How to invest like a millionaire in commercial property – with $100k
As the investment shine comes off residential property, more people are turning to commercial real estate.
Lifestyle Communities’ fees show land lease is Frankenstein’s monster
At its peak, the model looked like innovation. A tribunal decision in Victoria shows it is where financial engineering meets a complete lack of housing policy.
$2.5b luxury apartment project planned for Sydney
The ASX-listed developer, investor and builder wants to show it has progressed a strategy to double down on its Australian development pipeline.
Lord Roberts and Newtown pub switch owners in unusual $20m deal
Universal has swapped the leasehold of one inner-city Sydney pub with publican Sue Cameron and acquired the freehold of another venue from her.
Forget uni hovels, students want a hotel-style ice bath and sauna
A $132 million high-end student housing development in Sydney is tapping global demand with yoga facilities and a rooftop infinity pool.
Mandala Hotels adds Brisbane hinterland resort to $250m portfolio
Regional hotel provider Mandala Hotels and Resorts has acquired a Brisbane hinterland resort with renovation plans that will nearly double its room rates.
Insolvencies surge in construction and hospitality sectors
Although the figures reflect the pain felt by many businesses, they also show that a growing number of small companies are taking steps to trade out of trouble.
The housing crisis is being managed by the wrong people
Planning policy has been monopolised by a small professional silo, which for decades has been insulated from external input, feedback, and oversight.
Abacus Storage King opens its books after $2.17b takeover offer
A consortium led by southern African billionaire Nathan Kirsh has increased a bid first lobbed in April, and will have six weeks to conduct due diligence.
A picture tells a $500k price difference
First impressions count. So for the second attempt to sell this house, that meant cutting back a tree that clouded the front “hero” photograph. And it paid off.
Kirsh-led consortium returns with $2.2b bid for Abacus Storage
Sources said the board have granted Nathan Kirsh’s Ki Group and US-listed Public Storage due diligence.