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.
This Month
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.
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.
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.
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.
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.
WiseTech founder exits private property deals as board in crisis talks
Richard White has pulled out of three controversial property developments as WiseTech directors mull governance issues following more allegations of inappropriate behaviour.
The Sydney suburbs most affected by new higher-density housing rules
Council bans on apartments, terraces and townhouses to be overridden within 800 metres of 171 NSW suburbs.
At least 50 basis point cut needed to boost housing demand: Stockland
The diversified developer says new home buyer appetite picked up before Tuesday’s rate cut, but further monetary policy easing is crucial.
NSW fast-tracks 6500 homes with new authority
The state government backs its new housing authority’s recommendations for 11 big projects to go in the express lane for approval, bypassing council gridlock.
Beulah to cut ‘hundreds of millions’ from tallest residential tower
The developer of Sth Bnk, to be the tallest apartment tower in Australia, aims to reduce its $2 billion construction bill, putting it in a tussle with authorities.
Catalano goes to the mat for Byron Bay McMansions
The media mogul won’t take no for an answer in his bid to build a 10-bedroom family home split across two houses in Byron Bay.
Lendlease counts on Baby Boomer demand for luxury apartments
CEO Tony Lombardo says the builder, developer and investor is looking firmly at downsizers, because interest rates don’t bother them.
Finally, there’s a bit of housing crisis hope
Interest rate cuts are stirring housing demand before they even arrive. But suddenly, there’s some good news on the supply front too.
‘Deadening effect’ on home building: PC urges slashing red tape
Half as many houses are being built per hour worked today than 30 years ago, according to a report by the Productivity Commission.
Top engineers left unpaid on Australia’s tallest apartment project
Developer Beulah is alienating the consultants it needs to develop Melbourne’s mixed-use Sth Bnk project.
Mirvac says middle ring housing demand is booming
The diversified developer, builder and landlord claimed a ‘solid’ result in a market that is still recovering.
QIC’s big plan to fix the nation’s housing and healthcare shortages
Newly appointed real estate managing director Deborah Coakley says the sovereign wealth fund wants to be known for more than owning shopping centres.
Developer chases finance to get tallest apartment tower back on track
The developer that put one of its companies into administration wants to reassure buyers all is well with the country’s tallest residential project.
Australia’s tallest apartment project stops paying its bills
The developer says putting its project manager into administration gives it time to secure more financing for the $2.7 billion project.