Latest
Home transaction growth will be ‘modest’ this year
Steady transaction volumes in the first two quarters of this calendar year show consumers are cautious, especially without a rate cut, PEXA data indicates.
- Michael Bleby
Construction, labour woes force developer to offload $200m of sites
APH Holding, which has a multibillion-dollar pipeline of Melbourne projects, has put more than $200m worth of sites on the market, including many with permits
- Larry Schlesinger
Melbourne ‘a proper basket case’ as office vacancy hits 20pc
As tenants shift into new towers, older and emptier office blocks will be deemed functionally obsolete.
- Nick Lenaghan
- Exclusive
- Retail property
Leica backs Melbourne CBD revival with world’s biggest store
The famed German camera maker has transformed an entire building in the Melbourne CBD into a retail hub that includes an art gallery.
- Larry Schlesinger
Canada rate cut fires up housing market
Falling interest rates can trigger a rush of activity, pushing up house prices. Policymakers must deal with the ripple effects when the market takes off.
- Aimee Look
The Hong Kong tower that symbolises China’s credit bubble bust
The woes at the building symbolise a credit bust that hit the city after the Chinese government’s crackdown on excessive leverage ended a property frenzy.
- Lorretta Chen and Pearl Liu
How it Sold
‘Death clause’ triggers an extra $1.2m for vendor
“You’re not legally allowed to ask for a price reduction just because someone dies,” said the agent. But one buyer did – and then pulled out of the sale.
- Michael Bleby
First home buy costs $1.28 million – and 858km
Affordability is pushing rookie property purchasers to look more widely than before. But they’re often also older, and have more money to spend.
- Michael Bleby
Luxury Property
Historic pub to close after Rich Lister sells building, keeps pokies
Pub and pokies baron Bruce Mathieson exchanged contracts to buy the Captain Cook Hotel for $13.5m in late 2022. His BLM Group sold it this month for $6.6m.
- Larry Schlesinger
- Exclusive
- Luxury property
Society couple settle on $20m Bellevue Hill home
Anabel and Andrew de Saxe have settled on their six-bedroom, four-bathroom mansion, following a string of hefty sales linked to their extended family.
- Bonnie Campbell
This Month
Sale price for Captain Cook pub doubles to $35m since 2020
The price paid for the Botany hotel by publican Kent Walker is in sharp contrast to the $6.6m paid recently for the Captain Cook Hotel in Paddington.
- Larry Schlesinger
- Analysis
- Commercial real estate
Tourism gimmicks won’t save the office wastelands of Canary Wharf
The landlords who own the old business districts need to be far bolder, and come up with some genuinely radical solutions as major firms head for the exits.
- Matthew Lynn
Architects, fire engineers, building surveyors fingered over cladding
Victoria’s combustible cladding crisis shows the permit system failed to ensure compliance with building rules, a new government agency report shows.
- Michael Bleby
- Sponsored
- Commonwealth Private
Migration supports demand for trophy homes
Demand for luxury properties is also growing thanks to strong migration underpinning the housing market.
Sponsored
by Commonwealth Private
Fear of CFMEU reprisals keeps building bosses silent
Major builders and developers say union power is driving up the cost of housing and infrastructure projects, and they don’t want more trouble on their sites.
- Michael Bleby, Nick Lenaghan and Larry Schlesinger
Why Melbourne could beat other cities in the next housing upturn
Melbourne’s prolonged downturn is priming the city for a strong rebound when interest rates fall, experts say.
- Nila Sweeney
AustralianSuper, Hesta look to supercharge housing investment
The industry super fund giants have taken shared ownership of Assemble, which develops affordable rental and for-sale housing.
- Michael Bleby
Haben raising $263m to bankroll QIC’s Westpoint shopping centre buy
Potential investors have been told to expect 6.6 per cent in average annual distributions which would be paid quarterly, and at least 17 per cent pre-tax IRR.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Historic pub to close after Rich Lister sells building, keeps pokies
Pub and pokies baron Bruce Mathieson exchanged contracts to buy the Captain Cook Hotel for $13.5m in late 2022. His BLM Group sold it this month for $6.6m.
- Larry Schlesinger
Westfield’s Paris shopping centres bid for an Olympic leg-up
Unibail-Rodamco-Westfield, the owner of Westfield malls in Europe, is looking for a spurt of extra visitors and a profit boost for its convention centres.
- Hans van Leeuwen
‘Death clause’ triggers an extra $1.2m for vendor
“You’re not legally allowed to ask for a price reduction just because someone dies,” said the agent. But one buyer did – and then pulled out of the sale.
- Michael Bleby
How building codes are crunching affordability
Energy efficiency demands and stringent accessibility rules are increasing the cost of building homes by tens of thousands of dollars.
- James Hall
Turramurra home sold for $4.6m despite weaker winter market
The national auction market is losing steam ahead of the spring selling season, with buyer demand waning as expectations of a rate cut this year fizzle.
- Nick Lenaghan
Working from beach is the new WFH (just don’t tell your boss)
Work from anywhere policies – allowing staff to spend some time abroad on the clock – makes people more likely to stay at a company for longer, a survey found.
- Lauren Shirreff
- Exclusive
- Property development
Japanese investors eye Australian residential real estate
Competition for Australian sites is heating up for Japanese companies such as Asahi Kasei Homes, Sumitomo Forestry Group and Daiwa House.
- Michael Bleby
Great Barrier Reef island visited by Captain Cook set to fetch $20m
Quail Island near the Whitsundays was last purchased for $2 million in 2020. Meanwhile, a cattle station north of Alice Springs is on the market for about $40 million.
- Larry Schlesinger
Kimberley beachfront eco resort with own airstrip hits the market
Eco Beach Resort sits just metres from the beach an hour south of Broome. It comes to market amid a boom in demand for luxury, eco-friendly resorts.
- Larry Schlesinger
- Exclusive
- Luxury property
Society couple settle on $20m Bellevue Hill home
Anabel and Andrew de Saxe have settled on their six-bedroom, four-bathroom mansion, following a string of hefty sales linked to their extended family.
- Bonnie Campbell
Fight over Baby Boomer housing takes toll on developer
The Melbourne-based developer and landlord faces the twin battles of a slowing market and criticism of a fee structure that other companies do not use.
- Michael Bleby
- Exclusive
- Luxury property
Son of late British billionaire sells $12m Melbourne penthouse
Businessman Mark Healey has offloaded his Toorak penthouse, while packaging executive Alex Commins has downsized to South Yarra.
- Bonnie Campbell
