Salter Brothers buy Sofitel Adelaide Hotel for $154m
One of the region’s most active hotel investors, Salter Brothers, has exchanged contracts to acquire the Sofitel Adelaide Hotel…
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Home building jumps 14% in March quarter
Home building activity jumped 14% to 46,546 dwellings during the March 2023 quarter, fueled by higher density and public…
Charter Hall sells Adelaide shopping centre for $85m
ASX-listed Charter Hall has sold the Brickworks Marketplace convenience-based shopping centre in Adelaide off-market to FRP Capital for $85…
Interview: Life sciences with Colliers’ Ian Sanders and Joanne Henderson
Australia’s life sciences property sector is gaining momentum, driven by a growing research and development industry and strong property…
Worldwide buys Novotel Melbourne Central Hotel for $170m
Worldwide Hotels Group subsidiary Legend Land Melbourne has bought the Novotel & ibis Melbourne Central Hotel for $170 million,…
RBA holds cash rate as pressure on property remains
Interest rates held steady this month, however experts say continued higher interest rates remain a risk to Australia’s property…
Centuria REIT divests Canberra office at 1.7% discount
ASX-listed Centuria Office REIT (COF) has sold an office building in Canberra for $23 million, representing a 1.7% discount…
Sydney industrial supply shortage set to continue
As town planning challenges continue to plague one of Australia’s most land-constrained markets, Sydney’s industrial and logistics vacancy rate…
Regis Healthcare sells Perth retirement village for $53m
ASX-listed aged care operator Regis Healthcare has sold a retirement village and neighbouring parcel of land totaling 5.55 hectares in…
Star sells Gold Coast’s Sheraton Grand Mirage Resort for $192m
Star Entertainment Group and its partners Chow Tai Fook Enterprises and Far East Consortium have sold the Sheraton…
Lendlease to develop $1.7b Melbourne CBD project
Lendlease and the City of Melbourne have unveiled plans for a $1.7 billion development to transform the Queen Victoria…
Arrow Capital snaps up Melbourne warehouses for $23m
Private investment company Arrow Capital Partners has purchased two industrial facilities in the Melbourne suburb of Knoxfield from Dexus…
Australian Unity buys Melbourne site for hospital development
Australian Unity’s Healthcare Property Trust has completed the purchase of a site in Melton in Melbourne’s west for $15…
Mosaic achieves $90m in sales for Gold Coast apartment project
Developer Mosaic has achieved more than $90 million in sales within five weeks for its Lily luxury apartment project…
ISPT shakes up leadership team amid transformation
ISPT has reshaped its executive leadership team (ELT), including a trio of fresh recruits and the elevation of one…
ESR splashes $143m on South Sydney industrial site
ESR Australia has bought one of the few remaining large-scale industrial sites in South Sydney from Allnex for $143…
Industrial remains top pick for lenders as build-to-rent rises
A new survey has found the industrial and logistics sector remains the clear top pick in Australia for lenders,…
Investors eye Sydney data centres amid diversification push
Sydney’s data centre capacity reached 1,746 megawatts (MW) during the first quarter of 2023, as investors look to data…
Brookfield eyes Brisbane for first Australian Build to Rent project
Brookfield has lodged a development application for a dual tower Build to Rent (BTR) project at Brisbane’s Portside Wharf, marking…
Victorian tenants could pay more under budget land tax changes
New analysis says Victorian tenants could potentially pay more under the recent property tax changes in this year’s State…
Charter Hall starts construction on first inner-city multi-level warehouse
Charter Hall has started building its first multi-level warehouse in Sydney in response to space limitations and the growing…
What the 2023 Victorian Budget means for the property industry
The 2023 Victorian Budget has delivered mixed results for the property industry after expanding land taxes for property owners,…
Cedar Pacific raising $500m for Build-to-Rent fund
Investment manager Cedar Pacific is raising $500 million for a new seeded build to rent (BTR) fund, capitalising on…
Shared equity, rental REITs best placed to improve housing crisis
New housing analysis suggests shared equity schemes and institutional ownership offer the greatest potential to improve housing affordability and…
Centennial closes $700m logistics fund with Brookfield
Centennial has closed its $700 million Australian last mile logistics fund, with a Brookfield Asset Management private real estate…
Interview: REA’s Cameron Kusher on Australia’s housing market in Q1 2023
REA’s Cameron Kusher says housing prices are likely to grow moderately this year, but the uptick in prices will hinge…
Australian farmland values jump 20% in 2022
National farmland prices jumped 19.8% in 2022, led by Tasmania that saw median prices soar more than 50% last…
Mintus snaps up Bathurst mall for $18m
Property investment firm Mintus has secured the Bathurst Chase shopping centre in regional New South Wales from Quanta Investment…
Woolworths sells Brisbane malls for $66m
Supermarket giant Woolworths Group has sold two of its newest neighbourhood shopping centres in and near Brisbane to private…
Lewis Land lists Adelaide outlet mall for sale
Adelaide’s only purpose-built outlet shopping centre has hit the market for the first time, following considerable interest in the…
What the 2023 Federal Budget means for Property
The Federal Government has increased rent assistance, created new tax breaks for build-to-rent projects and introduced other property initiatives…
Sally Dale becomes first female NSW Valuer General
The NSW Government has appointed Sally Dale as the new NSW Valuer General, becoming the first woman appointed to…
Building approvals fall to decade low
The first quarter of 2023 saw the lowest number of building approvals since 2012, as new home approvals edged…
Intensive agriculture assets set to reap benefits from global middle class
Population growth and the associated growth of the new middle class across the globe will increase the demand for…
New first-home loan numbers still low despite March jump
New first-home buyer loans rose 15.8% in March after falling to a five-year low in February. …
Australian commercial property deals slump to 11-year low
Commercial property sales in Australia fell to the lowest level in more than a decade at the start of 2023,…
Interview: M3 Property’s Matt Webb on Australia’s Industrial market in Q1 2023
M3 Property’s Matt Webb says industrial property deal activity is likely to increase after a quiet start to 2023, while…
Interview: Colliers’ Lucy Mallick and Chelsea Anstee on Australia’s Office market in Q1 2023
Office deal activity is poised to pick up after a quieter first quarter in 2023, with likely transactions in the…
Melbourne hotel trades for $17m
A hotel in Melbourne’s inner north suburb of Carlton has traded hands for $17.38 million, as hotel occupancy in…
Agricultural land on track for further price growth in 2023
Australian agricultural land is on track for another year of strong price growth in 2023 after land prices surged…
Industrial investment volumes ease amid rental growth resilient
Australia’s eastern seaboard experienced slowing industrial investment volumes in the first quarter of 2023, while rental growth remained resilient…
Rental crisis deepens as weekly rents hit record high
Rental market pressures have been intensifying in capital cities, with rents up 13% year-on-year to $520 per week.
Investors earmark $15.9b for Australian Build-To-Rent housing
Institutional investors have earmarked more than $15.85 billion to Build-To-Rent housing in Australia, as the country faces an ongoing…
Westpac revises up Australian housing outlook
Westpac’s economics team has revised up its forecast for the Australian housing market following clear signs of stabilisation in…
IP Generation buys Craigieburn Central for $300m
Lendlease has sold the Craigieburn Central shopping centre in Melbourne’s northern suburbs to IP Generation for $300 million.
Apartment values rise, as national vacancy falls
Apartment values rose across the country for the first time in 11 months, up 0.6% in March, while the…
Fortis secures approval for South Melbourne office project
Fortis has received the green light to develop a new office building in South Melbourne amid demand for premium…
Centuria sells office, childcare centre
Centuria Capital Group has sold a refurbished office building in Sydney and a childcare centre on the Gold Coast,…
Redcliffe deals show development ambitions on Brisbane’s northside
A private buyer has acquired seven lots in Redcliffe, Brisbane for a total of $8 million in a series…
Savills strengthens Victorian industrial team
Savills has appointed 10 new hires to its Victorian Industrial team as occupier activity in Melbourne’s industrial and logistics…