More pain for AREITS exposed to commercial property: Colliers
While recent revaluations by Centuria Office REIT (ASX: COF) suggest there’s more pain in store for AREITs exposed to commercial…
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Loss-making resales mirror mounting mortgage stress: CoreLogic
CoreLogic’s latest Pain & Gain Report for the September quarter revealed that loss-making short-term resales on properties held for three years or…
‘FOMO-on-steroids’ reversed what should have been a major property slump in 2023: Judo’s Warren Hogan
Warren Hogan, chief economics adviser at Judo Bank expects residential property prices to fall -6-7% in 2024.
Sydney CBD makeover: Bank branches are out – tea & cosmetic retailers are in
Ongoing branch closures by major banks are having a material impact on the shape of our CBD retail landscape, especially…
$2bn mixed-use development to transform Mermaid Beach into the GC’s next ‘must visit’ location
The $2bn mixed-use development, dubbed The Landmark, earmarked for a 1.1-hectare site at Mermaid Beach is capitalising on the growing…
Incentives and flight-to-quality to define Australia’s CBD office market in 2024: Cushman Wakefield
With vacancy remaining above pre-pandemic levels, Cushman Wakefield also expects incentives to remain elevated across Australian CBDs next year. While…
Lendlease offloads 12 estates to Stockland for $1.3bn
Plans by ASX-listed Stockland Corp (and its capital partner, Supalai Australia Holdings) to acquire 12 Australian master-planned communities projects from…
Revaluation of assets is child’s play for Arena REIT
Not all REITs have the ‘Sword of Damocles’ hanging over them when it comes to the dreaded valuation of assets,…
Is industrial property becoming a two-speed market?
While the average national vacancy rate - up for the first time in five years - may suggest a possible…
CoreLogic’s ‘alpha and omega’ analysis of 2023 reveals Perth as the standout performer
After a rollercoaster of a year, in which Perth accounted for a whopping eight of the top 10 spots for…
Sydney City to play catchup with Melbourne on BTR
The difficulty the City of Sydney has attracting and retaining people after working hours may have a lot to do…
Will proposed property taxes & fees on foreign buyers have the desired result?
To lift the nation’s supply of affordable housing, the government announced within its Mid-Year Economic and Fiscal Outlook (MYEFO) plans…
Diaspora from South Sydney makes the south west industrial precinct one of the city’s hottest markets
With South Sydney starved of A-grade warehousing, the city's south west industrial and logistics market has been one of the…
Proposed surf & golf resort wins Gold Coast city council approval
The Gold Coast inched closer to hosting what is likely to become Australia’s second wave park to open after the…
Erratic price growth underpins Australia’s bi-polar property market: PropTrack
While price growth is likely to be slower in 2024, PropTrack expects persistent strong demand for housing, limited new housing…
Can new commission boost building quality in NSW?
As a one stop shop for regulation, licensing and oversight, the recently opened NSW Building Commission is expected to play…
What goes up: Oliver predicts double dip fall in house prices
While the supply shortfall should prevent house prices from falling off a cliff, Shane Oliver chief economist at AMP expects…
Home approvals waning but mortgage relief in sight
While new home approvals are showing no sign of bouncing back any time soon, homeowners can now refinance or renegotiate…
Mortgage and rental stress hit record highs
While overall rental and mortgage stress have both hit new record highs, this has yet to translate into a significant…
Interest rates may have peaked – but can this staunch runaway house prices?
The OECD has concluded that the Reserve Bank will not lift rates again and expects inflation to fall below 3%…
Allan government forced it eat-its-greens on land tax
After a lengthy impasse, Victoria's Labor government managed to win the support of the Greens by agreeing to double the…
Sherpa Property Group acquires best three sites on Gold Coast
With the acquisition of three new sites, Sherpa Property Group is hitching more of its growth upside to sustained demand…
Saving for a deposit is more out of reach than ever: PEXA
Having examined median deposit amounts and compared differences by state, region, property type and property value, the PEXA report found…
Irongate’s Smithfield of dreams
Rather than being wary of an inflection point for industrials, the Irongate Industrial Property Fund (IIPF) has gone out of…
Resi rents could be up by double-digits again in 2024: SQM
With renters facing significant competition for limited stock, courtesy of high immigration and fewer dwellings being built, SQM’s Housing Boom…
Lindrum, the grand-old-dame of Flinders Lane, to morph into premium office space
Melbourne’s historic landmark hotel, Lindrum, at 26-30 Flinders Street looks set to undergo a major reincarnation after Time & Place…
Savills waves red flag on warehousing’s bull run
Savills latest Shed Briefing Report suggests the bull run enjoyed by industrial property since the pandemic, which delivered a cycle…
2024 to herald a good year for commercial property: Knight Frank
Knight Frank expects 2024 to be a year of recovery for commercial property, which will be characterised by a return…
Property listings soar, clearance data points to possible down-trend
PropTrack data for October 2023 reveals a whopping 32.5% and 31.7% increase in new listings for Sydney and Melbourne respectively,…
A weekly roundup of deals you may have missed
It's been another busy week for commercial and industrial property. Simon Jones went in search of noteworthy deals you may…
$170m mixed-use Chatswood Towers precinct to take working-from-home to new heights
Sydney-based developer Billbergia has revealed plans for a $170m mixed-use development at Chatswood on Sydney’s lower North Shore.
Sydney claims global top spot in luxury rent increases
At 18%, Knight Frank’s Q3 data reveals that Sydney's annual luxury rental growth rate was 2.3 times the 7.9% average…
Melbourne City is Australia’s most improved CBD area: CreditorWatch
The Central Melbourne area, which houses 159 050 people within an area of 31.00 square kilometres is benefiting from improved foot traffic…
WA offers ‘fist full of dollars’ to convert Airbnbs into long-term rentals
WA state government hopes attractive cash inducements will encourage property investors to favour long-term rentals over Airbnbs.
Centuria adds to industrial capacity in Brisbane’s south-west
Centuria Capital Group has filed plans for a multi-warehouse complex in Brisbane’s south-west.
Listings declined in October, yet looked more distressed: Is property’s Indian summer waning?
While October heralded a mixed bag property data, a notable uptick in distressed listings makes for ominous reading.
Balancing professionalism with profitability in a ‘digital age’: It’s a delicate dance for valuers
What resonates loudest within the API’s recently commissioned Future of the Property Profession Report 2023 is the robustness of property…
Perth we’ve got a live one: CBD office chalks up first sale for year
The plight of Perth’s beleaguered office market has received a timely ray of hope with a building at 10 William…
Sydney is the world’s eighth strongest growing housing market: Knight Frank
Four Australian capitals in the top 15 globally based on average property price growth.
Court ruling to slash US realtor/buyer agent commission
Last week a Missouri jury ruled in favour of plaintiffs (home sellers in several Midwestern states) who accused real estate…
Can today’s RBA rate rise cool the housing market?
Given the RBA's recent warning that it has a “low tolerance” for a slower-than-expected fall in inflation, today’s rate hike…
Silversea Investments acquires two Sydney-based hotels
Silversea Investments has bought two Sydney hotels from Singaporean real estate giant CapitaLand Ascot Trust (CLAS) for $109m.
Landmark High Court ruling puts all landlords on notice
The High Court has concluded that the NT government is liable for compensation to tenants for ‘distress and disappointment’ caused…
Landmark rental reforms for SA tenants
the South Australian government is about to introduce ground-breaking reforms that promise to reshape the state's rental landscape.
60,000 new homes earmarked for Melbourne’s urban fringes
The Victoria State government plans to up to build 60,000 new homes across 10 of Melbourne's busiest suburbs.
Building approvals plunge while dwelling prices continue rising
ABS data points to a 4.6% drop in Australian building approvals in September on the back of the fastest increase…
ACT zone-changes encourage high-density living
In an attempt to boost dual occupancy, the ACT has announced plans to introduce a new stamp duty exemption for…
Vicinity takes full control of Chatswood Chase: Luxury makeover to follow
ASX-listed shopping mall landlord Vicinity Centres has acquired the remaining 49% interest of Chatswood Chase Sydney for $307m and plans…
Deal activity to limp hesitantly into 2024: MSCI Real Assets
While the three core sectors all showed significant double-digit (sales) declines in the third quarter, office fared the worst down…
Biggest changes to QLD property law in half a century
Replacing QLD's Property Law Act 1974 with the more modern Property Law Bill 2023 is expected to deliver a more…