Student accommodation expansion ‘hampered by taxes’
Student accommodation operator and owner Scape has taken on management of two more Melbourne properties but says the cost of doing business in Victoria is becoming increasingly prohibitive.
Property
Budget blowouts hit property industry confidence
Property owners have a ‘glass-half-empty’ attitude about economic growth thanks to concerns about high-taxing state budgets, the results of a Procore/Property Council Survey show.
Elanor, PGIM team up for tilt at e-commerce
The listed Elanor Investors Group is set to unveil a fresh partnership with US heavyweight PGIM Real Estate.
ALP homes target sliding out of reach
Housing experts have warned that new home commencements would flatline for the remainder of 2024 putting the Albanese government’s claims of 1.2 million new homes within five years further beyond reach.
How will Lang Walker’s $6bn empire be carved up?
The late tycoon left behind one of Australia’s biggest private companies and new documents reveal how his wife, children, and two trusted directors will share the property behemoth’s assets.
$30m penthouses: Gurner, Qualitas team for Jam Factory revamp
The developer is banking on turning the iconic Melbourne complex into New York-style apartments, luxury hotels, cinemas and high-end shopping.
$250m deal makes this Brisbane’s top tower
Fund manager Quintessential has settled on Brisbane’s largest office purchase this year, buying 240 Queen St after seller Brookfield cut the price.
Property sector urges independent review
Queensland treasurer Cameron Dick has been urged by industry to make a planned post-election review of property charges and taxes independent and without parliamentary influence.
Cashed-up owners close major Perth hotel for ‘rebranding’
The Hyatt Regency in Perth will close after 35 years at the behest of its Singapore owners, marking an end of an era in the city’s hotel industry.
Policy disaster: Build fast or hit crisis on home front
A new home would have to be built every two minutes to accommodate current population growth and the immigration intake, according to industry analysis.
Shortfall likely as big home build starts
Housing industry experts expect have welcomed day one of the Albanese government’s plan to build 1.2m homes in the next five years but are anticipating a significant shortfall
Cost of living leads to spike in mortgage extensions
Mortgage holders are asking banks to push out the life of their home loan – saving money in the short term but building very big debts for the future.
Lendlease marches out of US military housing
Embattled developer Lendlease has kicked off its return to Australia strategy with the sale of its US military housing business for a higher than expected $480m.
Eureka to sell two SA villages after seeing off Aspen bid
The move comes as the over-55s rental community operator eyes more acquisitions and developments.
Housing prices’ upward march slowing
Home prices have continued their inexorable march upwards on a national basis but parts of the market are slowing and some east coast capitals are now in reverse.
Original URL: https://www.theaustralian.com.au/business/property