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Property development

This Month

Peter Dutton on the hustings on Tuesday.

Coalition to revive technical colleges, won’t commit to housing target

Peter Dutton claimed a $260 million pledge to establish new Australian technical colleges was another pillar of his housing affordability and accessibility policies.

A render of the Harry Seidler-designed Hilton Brisbane building at 190 Elizabeth Street building in the CBD, which will reopen in July as an Intercontinental Hotel and will then undertake an extensive two-year refurbishment. 

ISPT to plug a gap with Brisbane’s first Intercontinental hotel

The super fund-backed developer and fund manager is pairing with operator IHG for the first part of its 1ha transformation of central Brisbane.

Pointing to the problem: Australia doesn’t have enough homes. And the pace of building slowed in the December quarter.

Home building just got slower

In the week that political parties are offering to stoke demand, new figures show the sector started building 4 per cent fewer homes in the December quarter.

Zac Fried is opening “a retail store on steroids”.

Spotlight’s new Anaconda will teach shoppers to fish

The privately owned large-format retail group will also offer tinnies moored to a life-sized jetty and a cold room for Queenslanders to try on puffer jackets.

Experts warn lower homeownership rates will make poverty among retirees worse in coming decades.

House prices to rise up to 15pc under either side’s policies

Economists widely criticised the lack of policies to boost housing supply by both parties, even as they laid out plans to increase demand.

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MRCB International has secured development approval for Maris, a $200 million, 20-storey, 192-unit apartment tower at 20 Queen Street in Southport, QLD. 

Gold Coast developers ‘right-sizing’ projects amid construction crunch

MRCB International is focusing on a high-end 20-storey project which it says will be easier to get off the ground at a time when builders are harder to find.

Coalition v Labor: what’s on the table for housing

The first major policy battle of the election campaign erupted on Sunday. Here are the key points.

Australia can only hope to build 600,000-650,000 homes over the next five years: developer Nigel Satterley with (from left) the Financial Review’s Michael Bleby, Master Builders Australia’s Denita Wawn and Cedar Woods’ Nathan Blackburne.

New home ownership won’t rise without more skilled workers: developers

Signature housing policies both major parties announce will kick off a wider chain reaction if they are properly implemented.

Boosting the total: Amazon’s 80,000-square-metre Oakdale West large item facility in western Sydney’s Horsley Park.

Industrial property’s golden run comes to an end

The pandemic surge in demand has eased while supply is still ramping up, with rents falling as a result, a new report shows.

The Forest Lodge development in Warriewood consists of 14 townhouses and 66 apartments.

Metrics-funded Northern Beaches development heads for court

Street Talk understands Metrics briefly paused funding the Sam Mustaca-led residential development in Sydney’s Warriewood.

Anglicare North Coast CEO Mark McNamara on Wednesday.

Housing tenders run aground on election rocks

Partisan political housing arguments and slow implementation put at risk Australia’s first major effort in years to boost social and affordable housing.

Lendlease CEO Tony Lombardo.

Lendlease faces $100m hit in Sydney land dispute

The setback at Figtree Hill comes as the ASX-listed developer, led by Tony Lombardo, presses ahead with a radical overhaul of its global business.

Walking the talk: Sentinel Property Group chief executive Warren Ebert travelled to Japan last month seeking capital to buy under-valued office properties in Brisbane and expects to go back “every six weeks” until he completes his first deal.

Sentinel takes Brisbane office property deals to Japan

The commercial real estate investor is seeking capital for the first time overseas in a change of pace for the Queensland company.

Investing in the future: Mitsui Fudosan last year paid $1.3 billion for a two-thirds stake in Mirvac’s planned 55 Pitt Street tower.

Real estate now takes 1 in 5 Japanese deals – and it’s growing

At a time of global uncertainty, Australian real estate is finding its perfect match in Japanese investors seeking stable revenue and capital growth.

James Zhang’s Ferrari SF90 Stradale worth $1 million.

The secret Ferrari fire sale while dozens are out of pocket

James Zhang lived large. Is he now about to sail off into the sunset?

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Render of developer Hirsch & Faigen’s $240m, 140-unit planned apartment tower at 71 Queens Road in Melbourne’s Albert Park. 

Apartment prices in record jump to $19,000 per square metre

Australian housing is locked in a battle between affordability and viability of new projects and that means price tags have further to rise.

Build-to-rent developers eye fewer amenities but cheaper rents

Projects without all the “bells and whistles” can achieve higher retention rates for landlords.

The construction site at 1167-1193 High Street in Armadale, where two new cranes have gone up over the past six months.

Crane index shows little sign of a building boom

While home-building activity picked up in one large city, the latest crane count paints the picture of a sluggish construction sector.

Home builder AVJennings accepts $365m takeover bid

A takeover battle for the builder erupted between a US bidder and a Singaporean player. Local builders face tough conditions, but their land banks are appealing.

March

John Aloisi’s soccer team plays on despite ATO audit

The Tax Office has been revealed as the applicant trying to wind up the parent companies of Australia’s highest ranked A-League club Western United.

Original URL: https://www.afr.com/topic/property-development-60u