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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.
- Larry Schlesinger
Rich Lister Sam Arnaout caps year with mega Sydney pubs deal
The real estate magnate has bought Sydney’s Cabramatta Hotel and the El Cortez Hotel in a transaction worth more than $180 million.
- Nick Lenaghan
Can an ‘upmarket boarding house’ solve Sydney’s housing problem
Hotel Capital Partners is acquiring the former Quest Potts Point hotel and turning it into short-term rental housing to capitalise on inner-city housing shortages.
- Campbell Kwan
Charter Hall’s pursuit pays off as pubs giant accepts $760m bid
After months of opposing the offer, the board of listed pubs landlord Hotel Property Investments has recommended that investors accept the deal.
- Campbell Kwan
10 suburbs for property investors to target in 2025
Investors can still score six-digit equity gain in 2025 despite the current housing market slowdown, but it requires thorough due diligence and smart property and area selection.
- Nila Sweeney
- Exclusive
- Shopping centres
Dexus’ own shopping centre fund vetoes $450m Melbourne mall purchase
The unusual situation has left one of the country’s largest real estate owners scrambling to find a way to finalise the acquisition of the Woodgrove mall.
- Campbell Kwan
How it Sold
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.
- Michael Bleby
‘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.
- Michael Bleby
Luxury Property
- 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.
- Larry Schlesinger
A dilapidated mansion tops the year’s biggest home sales
It’s been another record year for the luxury end of the market, with the total top 10 sales beating last year’s tally, despite the slowing market.
- Updated
- Bonnie Campbell
This Month
- 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.
- Larry Schlesinger
A dilapidated mansion tops the year’s biggest home sales
It’s been another record year for the luxury end of the market, with the total top 10 sales beating last year’s tally, despite the slowing market.
- Bonnie Campbell
Investor letters reveal private credit exposure to collapsed developer
APH Holding fell into administration last week, owing several lenders significant sums. Correspondence shows how short one lender, MaxCap, is on a project.
- Primrose Riordan
Aveo auction heads to second round with big new asset in play
The company has won over big real estate groups such as Lendlease and Dexus for the right to develop the Manly Health and Wellbeing site, people close to the process say.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Michael Bleby
The $4b rebound in office tower trades in the heart of Sydney
A $600 million office tower in the heart of Sydney is on track to change hands, capping off a remarkable resurgence for the battered sector.
- Campbell Kwan
Major developer APH collapses, sending ripples through private credit
The Melbourne company had already put many of its projects on the market. Its biggest lender, MaxCap, says it expects to be repaid in full.
- Primrose Riordan
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.
- Michael Bleby
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.
- Larry Schlesinger
Macquarie buys into private credit provider IDA
The investment bank is tapping the demand for development funding in Australia’s chronically undersupplied housing market.
- Michael Bleby
Resort-style $70m Toorak mansion sold in Melbourne’s top deal of 2024
A Melbourne mega-deal has been sealed a week out from Christmas, with the sale of a contemporary four-storey mansion on Macquarie Road.
- Bonnie Campbell
Charter Hall clears first hurdle in fight to control big name pubs
The property giant and superannuation fund Hostplus have taken a majority stake in Hotel Property Investments during a drawn-out battle for control.
- Campbell Kwan
- Sponsored
- Place Studio
The ‘Australian Dream’ is looking more like an apartment than a house
These days, housing affordability, just like the classic Hills Hoist, is fast becoming a thing of the past.
Sponsored
by Place Studio
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.
- Michael Bleby
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.
- Larry Schlesinger
Home sellers rake in record profits despite slowing market
More home sellers scored bigger profits in the September quarter, boosted by a broader lift in values nationally, but this could change next year, experts say.
- Nila Sweeney
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.
- Larry Schlesinger
- Exclusive
- Luxury property
‘Once in a lifetime’: Khuda ends stellar 2024 with $18m penthouse sale
AirTrunk’s Robin Khuda’s passion for luxury property development is proving a lucrative side hustle, with his Manly penthouse selling for a suburb high.
- Bonnie Campbell
- Opinion
- Chanticleer
The 3 housing charts that should make young people furious
New data shows how housing is slipping even further out of the reach of younger people. The election will kick off a new debate on the problem.
- James Thomson
‘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.
- Larry Schlesinger