Today
Former REA chief executive Greg Ellis to run Domain, for now
The Nine Entertainment-controlled real estate platform has been searching for a new boss since October. Appointing Mr Ellis will buy it more time.
- 34 mins ago
- Kylar Loussikian
Yesterday
Home buyers ready for rate cut, but there won’t be a rush
There is pent-up demand, but it could be smaller than hoped as purchasers struggle with big financial barriers to entering the housing market.
- Nila Sweeney
This Month
Two-bedroom home jumps reserve by more than $1m as auctions pick up
The 2025 residential real estate market has kicked off stronger than expected, particularly in Sydney where buyers were out in numbers.
- Bonnie Campbell
January
- Exclusive
- Commercial property finance
Merricks’ flagship credit fund goes negative after Sydney CBD pain
Documents circulated to investors in the $1.2 billion vehicle noted there were four loans performing worse than expected amid a difficult office market.
- Primrose Riordan
Private credit giant Metrics takes on housing project after loan sours
The non-bank lender has taken control of an APH site in eastern Melbourne for about $14 million under revised plans to turn it into a residential development.
- Campbell Kwan
‘How I plan to make $300,000 in passive income by 50’
Even with an $8 million property portfolio, Simone Boer and her partner, Paul Kudilczak, can’t quit their day jobs – yet.
- Alexandra Cain and Lucy Dean
- Exclusive
- Victoria residential property
Luxury apartment in Gurner complex offered at $1.3m discount
The Saint Moritz development, popular with Melbourne’s elite, boasts a 25-metre pool and a bar. But it has also been the subject of complaints about defects.
- Primrose Riordan and Campbell Kwan
- Exclusive
- Commercial real estate
$300m private credit fund blocks investor redemptions to preserve cash
Gemi Investments’ safest vehicle has lent about $300 million to commercial real estate projects, and backers say their money is stuck.
- Primrose Riordan
- Exclusive
- NSW residential property
Metrics, Billbergia to develop $3b twin tower project in Sydney CBD
The non-bank lender has acquired 338 Pitt Street in a joint venture with developer Billbergia to build 600 luxury apartments.
- Campbell Kwan
Proptech Coposit’s capital raising upsized to $14 million
The round follows three years of bootstrapped growth by property developer brothers Chris and Dan Ferris and marks the first time Coposit has taken institutional-level external funds.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Victoria residential property
Alex Waislitz and Tim Gurner feud over luxury St Kilda tower
The wealthy businessmen are at loggerheads over problems at the Saint Moritz development. Mr Waislitz says Mr Gurner is trying to silence residents.
- Primrose Riordan and Sarah Thompson
- Exclusive
- Luxury property
Virgin CEO Jayne Hrdlicka lands on $17m Noosa holiday home
The business heavyweight, who also chairs Tennis Australia, has paid $16.9 million for a slice of Queensland’s famed Little Cove.
- Updated
- Bonnie Campbell
- Exclusive
- Commercial Real Estate
They built a $180m office but struggling to get tenants
The vacancies in towers built on the back of private credit come amid difficult times for developers, more of which are falling into administration.
- Primrose Riordan and Campbell Kwan
Where to buy a beautiful house for less than $200,000
With the cost of an average Australian home now around $815,000, anyone spending a quarter of that will marvel at the choice of tempting options in Europe.
- Updated
- Liz Rowlinson
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
Wealthy inner-city suburbs wear the most pain in weak property market
Home values fell in December for the first time in nearly two years. But the dip is much bigger in more expensive areas, while affordable regions soar.
- Campbell Kwan
- Exclusive
- Commercial property finance
MaxCap warns of real estate fund return slump and asset fire sales
The private credit firm has told investors that an “extended period of high market volatility” had hurt the viability of some of its real estate investments.
- Updated
- Primrose Riordan
- Exclusive
- Commercial property finance
The secretive Saunders family is going all in on lending to the rich
The late John Saunders founded Westfield with Frank Lowy. The family investment vehicle sees plenty of opportunities in helping the cash-strapped wealthy.
- Primrose Riordan
December 2024
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
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