Latest
Private hospital woes are ‘short term’, says healthcare property fund
Analysts say the HealthCo Healthcare & Wellness REIT could be one of the few listed property trusts to forecast earnings growth this reporting season.
- Larry Schlesinger
Receivers appointed to sell Selina Australia’s ‘flashpacker’ hotels
The global budget hotel operator collapsed last month. Now its profitable Australian hotels are being sold by receivers acting on behalf of Dorado Capital.
- Larry Schlesinger
The Sydney suburbs where rents are falling
Asking rents have fallen in Sydney, Melbourne, Brisbane and Perth. It’s not the end of the rental crisis but could mean the worst increases are over.
- Nila Sweeney
US mortgage rates drop sharply to lowest level in a year
The Fed is expected to start lowering interest rates in September after holding them at 5.3 per cent for the past year.
- Danielle Kaye
- Opinion
- Chanticleer
Why this $27b giant sees a Goldilocks housing market
Demand remains strong, as are listings. That’s just about perfect for the housing market’s most important middleman.
- James Thomson
Quintis receivers put sandalwood trees, factory up for sale
Sandalwood plantations in WA and northern Queensland and an essential oil distillery in Albany are being marketed by Elders on behalf of receivers.
- Larry Schlesinger
How it Sold
Vendor goes for ‘bird in hand’ to sell terrace for $1.43m
In a market with two camps of buyers, those on the rebound are acting faster than those thinking the market might slow more.
- Michael Bleby
‘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
Luxury Property
From dropping pamphlets to selling $85m homes
His father was the first person in Australia to sell a house for $1 million. Brad Pillinger reflects on 30 years selling the country’s most expensive homes.
- Yolanda Redrup
- Exclusive
- Luxury property
Health-focused Toorak mansion hits market with $40m plus hopes
Complete with air and water purification systems, the contemporary mansion has taken Melbourne’s most expensive suburb to another level.
- Bonnie Campbell
Yesterday
From dropping pamphlets to selling $85m homes
His father was the first person in Australia to sell a house for $1 million. Brad Pillinger reflects on 30 years selling the country’s most expensive homes.
- Yolanda Redrup
This Month
Tax fraudster Li Zhang fights the ATO from jail
The irony of the convicted golf course developer now accusing the Tax Office of doing something untoward is so delicious, you could serve it up at a hatted restaurant.
- Max Mason
Deceased estate sells for $7.8m as buyers set to gain spring advantage
Cautious buyers disappointed by delayed rate cuts, cooling migration numbers and incoming spring stock will keep a lid on clearance rates, experts predict.
- Bonnie Campbell
Vibrant CBD retail sector outperforms floundering office towers
New research shows core retail precincts in most CBDs have much lower vacancy rates than their corresponding office markets.
- Larry Schlesinger
- Exclusive
- Luxury property
Health-focused Toorak mansion hits market with $40m plus hopes
Complete with air and water purification systems, the contemporary mansion has taken Melbourne’s most expensive suburb to another level.
- Bonnie Campbell
Dexus, CPPIB in advanced talks to sell Sydney’s $550m Tiffany building
The tower’s book value was about $622 million as of December 31, but this was slashed to about $550 million during Dexus’ revaluation of its portfolio in June.
- Sarah Thompson, Kanika Sood and Emma Rapaport
The Agency sacks CEO following period of underperformance
Geoff Lucas’ exit comes just three years after he left rival top-end real estate firm McGrath.
- Campbell Kwan and Bonnie Campbell
- Exclusive
- Luxury property
Historic Keba set to smash Sydney’s inner west record with $27m guide
The harbourside abode is one of the grandest historic homes on a coveted street in Birchgrove.
- Bonnie Campbell
- Exclusive
- Luxury property
$40m-plus Northbridge waterfront eyes north shore record
The sprawling home on 3434 square metres, the suburb’s largest waterfront estate, last traded for $21 million in 2017.
- Bonnie Campbell
New agents want $90m Crown penthouse sold ‘this side of Christmas’
Two new agents are set to take the reins of Crown’s discounted $90 million penthouse after four years on the market.
- Bonnie Campbell
- Updated
- Earnings season
Building cost rises create horror year for Mirvac
One of the country’s largest property developers says profit margins on some big apartment projects have halved, pushing earnings significantly lower this year.
- Nick Lenaghan
- Opinion
- Chanticleer
Housing crisis rages, but there’s no money in building flats
The property developer’s shock profit downgrade is all about its struggles to make apartment projects profitable, even as housing shortages worsen.
- James Thomson
Assembly Funds Management kicks off $100m raise for property fund
Michael Gutman is aiming for 15 per cent to 17 per cent in annualised target returns from ADPF2, whose mandate allows it to invest in either debt or equity.
- Sarah Thompson, Kanika Sood and Emma Rapaport
How this Brisbane couple added a sea change to their downsizing
Susie and Glenn Molloy wanted to live close to the water after one of their parents passed away, so they moved to a duplex near Port Stephens in NSW.
- Campbell Kwan
Developer cashes in as investors spend $38m on fast food
A vacant Bunnings purchased for $35m in 2020 and redeveloped into a homemaker centre with fast food outlets has generated $95m in total real estate sales.
- Larry Schlesinger
- Exclusive
- Luxury property
Vacant Vaucluse mansion asking $30m
In Sydney’s Vaucluse, an 1890s manor, sitting on more than 2000 square metres, has hit the market guiding $30 million.
- Bonnie Campbell
Sydney’s tallest tower to test battered office market
The Japanese property giant is seeking around $600 million for its 30 per cent stake, which would value the entire Salesforce Tower at $2 billion.
- Campbell Kwan and Nick Lenaghan
Share of $1m suburbs blows out in Perth, Adelaide, Brisbane
The share of suburbs across Australia with a median house price of more than $1million is poised to surge in the next six months.
- Nila Sweeney
In the market for a Greek island luxury villa? Here’s a look at four
The rise of remote work and Greece’s golden-visa program have spurred a wave of interest from overseas buyers for idyllic island homes.
- Sarah Rappaport
Federal buybacks in Murray-Darling Basin to stem fall in water prices
The Commonwealth’s plan to buy back 70 gigalitres of water entitlements in the southern Murray-Darling Basin has already lifted water prices in some markets.
- Larry Schlesinger
