This Month
The financier, the developer and the stoush that threatens 1000 units
Bensons Property Group put itself into administration the day a fund managed by Macquarie Private Bank’s former head tipped it into receivership.
- Campbell Kwan
Mother-daughter duo spend $17m on two off-the-plan Toorak apartments
Wealthier buyers are snapping up luxury apartments in good locations, with this project in Melbourne’s most prestigious suburb now close to selling out.
- Larry Schlesinger
The suburbs where renters saved $800 in three months
A sharp decline in asking rents has turned a string of inner Sydney and Melbourne suburbs into tenants’ markets.
- Nila Sweeney
How this reluctant CEO sold his company for $600m
When Payapps co-founder Geoff Tarrant was selling his software company early last year, he was given some sage advice: ‘it’s not Canva’.
- Yolanda Redrup
Bidding war looms for home builder AVJennings
Singaporean group Ho Bee Land has trumped a bid by Propium Capital Partners.
- Larry Schlesinger
- Exclusive
- Property development
Roberts Co names Emma Shipley MD, George Kostas as chair
The Rich Lister-owned building contractor gave little detail about the resignation of its previous CEO Matt Bourne just before Christmas.
- Michael Bleby
Private lender caps raise at $45m, warns of ‘diminishing returns’
Private lender Monark deliberately capped its latest raising, despite strong interest, to ensure it wasn’t pressured to deploy capital into riskier projects.
- Larry Schlesinger
Softer inflation, cheaper land offer new home buyers a boost
Builders say cost growth has stabilised. Costs aren’t yet falling, but there are signs of relief in land discounts and even possible rate cuts.
- Michael Bleby
Why interest rates will keep rents high
The latest housing approval figures show Australian home-building is undershooting what the country needs – even with a pick-up forecast this year.
- Michael Bleby
- Exclusive
- Property development
Metrics takes control of Melbourne site to rescue $750m development
The private credit firm, one of the country’s largest, says taking over the project is the best way of protecting its investors after a sales process failed.
- Campbell Kwan
MaxCap investor groups face off over stalled Byron Bay project
The private credit firm is contemplating selling the development site in a move it has warned could mean one group of investors will end up losing its money.
- Primrose Riordan
- Opinion
- Chanticleer
Shrinking Lendlease shows how to bite the bullet
Having dramatically cut its offshore ambitions, Lendlease hasn’t mucked around.
- Anthony Macdonald
December 2024
The luxe apartments taking over David Jones’ former flagship store
Cbus Property’s redevelopment of the former department store at 111 Castlereagh Street is nearing completion and is about to transform Sydney’s CBD.
- Updated
- Nila Sweeney
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
Industry slams ‘whitewash’ Victoria government report into CFMEU
Employer groups say Victorian Premier Jacinta Allan’s promise to strengthen whistleblower protections and clean up misbehaviour in the building industry ring hollow.
- Gus McCubbing and David Marin-Guzman
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
Why Gurner gave up alcohol – and what he learnt
The property developer and wellness entrepreneur has rarely had a drink for 18 months. He doesn’t like what he sees from people who are imbibing.
- Sally Patten and Martin Peralta
AirTrunk’s Robin Khuda wins battle to build apartments at Palm Beach
The Rich Lister has seen off objections from residents to his plans to develop a series of luxury units next door to Barrenjoey House.
- Larry Schlesinger
The 16,000-room hotel boom that is yet to slow
The burst of development over the past four years has two more years to run before it slows, a new forecast shows.
- Larry Schlesinger
John Holland overhauls executive team as projects struggle
John Holland is searching for a new CEO and its major projects boss will leave in January.
- Jenny Wiggins