Latest
Property fund manager Centuria flags $1.5b in floats as upswing begins
The confidence that investors are swinging back towards real estate stocks comes as interest rates fall in Australia and New Zealand.
Why commercial property is at a turning point
Real estate investment trusts around the world are pointing to brighter outlook for commercial property.
How these women are building wealth through property
Shyanne Kuru, Ivy Chen and Tanya Turner are among the growing but still small cohort of women who own an investment property, but had to overcome initial fears.
Westfield owner’s next big play is apartment towers
Shopping mall giant Scentre wants to obtain as many rezoning approvals as possible at its shopping centres to allow for high-rise apartments.
Foreign home buyers race to beat April ban
The latest figures show buyers from China are the largest group investing in housing. Foreign residents will soon be banned from buying existing homes.
Ingenia says its turnaround, not the market, is boosting earnings
The land lease developer has a new CEO who says his new strategy, which included cutting off a sub-scale funds management arm, is working.
How it Sold
COVID ‘refugee’-turned-investor flips $5.3m home
An aspiring reality TV star who fled Victoria’s pandemic lockdowns has developed a profitable line of work in buying – and selling – Queensland homes.
Home in ‘last affordable frontier’ goes for $760,000
Price growth may be slowing in this city, but some market niches are booming – precisely because other levels have priced buyers out.
Luxury Property
Adam Blumenthal incurs $2.6m loss in sale of Double Bay trophy site
The EverBlu Capital founder and his wife had owned the site – earmarked for whole-floor luxury apartments – for less than two years.
Former EL&C Baillieu rainmaker Stephen Macaw sells Brighton home
The corporate banker, who left his blue-blood Melbourne firm after publication of a number of secretly recorded conversations, has sold his Golden Mile pile.
Yesterday
Adam Blumenthal incurs $2.6m loss in sale of Double Bay trophy site
The EverBlu Capital founder and his wife had owned the site – earmarked for whole-floor luxury apartments – for less than two years.
Former EL&C Baillieu rainmaker Stephen Macaw sells Brighton home
The corporate banker, who left his blue-blood Melbourne firm after publication of a number of secretly recorded conversations, has sold his Golden Mile pile.
This Month
North shore record smashed as waterfront mansion sells for $44m
The deal also catapults Northbridge ahead of blue-chip rival and neighbour Mosman, where the price record stands at about $40 million.
Former AFL boss sells $22m Hamptons-style mansion
Ex-Gold Coast Suns chairman Tony Cochrane has sold his Gold Coast waterfront property in a speedy deal following a lengthy campaign.
Welcome to the Waldorf: Forrests’ luxury hotel rises in Circular Quay
In a $520 million deal two years ago, Andrew and Nicola Forrest, now separated, acquired the project, which is set to be finished by the end of next year.
Australia is entering a housing ‘super cycle’, Qualitas says
The real estate fund manager says it has no shortage of capital to deploy as demand for housing surges, but construction labour shortages remain a hurdle.
Which suburbs have become affordable after the rate cut?
A number of desirable suburbs that were previously unaffordable are now within reach for high-income and median-income earners, according to CoreLogic.
Pallas nails down $185m construction warehouse facility with big bank
The Double Bay-based shop has just recorded its most active quarter, finalising $807 million in new loan settlements in the December quarter.
Developer Bensons offers unpaid creditors chance to stump up again
A week after coming out of administration owing $813 million, the company has a new $20 million site to develop. And it needs money.
COVID ‘refugee’-turned-investor flips $5.3m home
An aspiring reality TV star who fled Victoria’s pandemic lockdowns has developed a profitable line of work in buying – and selling – Queensland homes.
Plenary’s $1b Abu Dhabi deal boosts its housing firepower
After the sale of a 49pc stake to a Middle Eastern sovereign wealth fund, the developer wants to tap an expected upswing in residential development.
Two-bedder sells for $255k over reserve as rate cut spurs auction buzz
Agents say more buyers are already coming into the housing market because of the Reserve Bank’s first interest rate reduction in more than four years.
Mornington mansion sells for $17m – but it’s not where you’d expect
An opulent Spanish-style mansion in Victoria has sold for a record price - but it’s not in Sorrento or Portsea.
The pros and cons of a 30-year fixed mortgage
Kyra Tsitsinaris and Daniel Charalambous would jump at the chance to lock in their home loan interest rate for 30 years – as long as they save money in the end.
Bellevue Hill trophy mansion has $25m price guide
The sale offers buyers the chance to own a home designed by acclaimed architect Leslie Wilkinson, while a $12m Spanish Mission mansion with harbour views is on offer in Mosman.
Harbourside mansion sells for $55m, smashing suburb record
A Rose Bay home has sold for a hefty price, setting a new high for the suburb in Sydney’s east.
Fund manager Charter Hall takes off as correction ends
Managing director David Harrison says fund managers thrive as corrections end, as large investors hand over funds to invest in a rising market.
Brookfield sells $330m logistics estate 3 months after it was built
Local player Gateway Capital has partnered with two global funds in the race for position in one of the world’s tightest markets for logistics properties.
The return to office gathers pace, except in Melbourne
Daily attendance rates are creeping steadily closer to pre-pandemic levels. And major employers are adding to the push with mandates.
Reserve Bank cut a turning point for commercial property markets
For the commercial property sector, the rate cut is more a marker of a fundamental shift to a stable, even cheaper, cost of debt.