Sydney build-to-rent developer Novus has unveiled plans for its new project near the soon-to-be finished ANZAC railway station in Melbourne,where cheaper land and speedier planning processes trump Sydney.
Property developer Salta is moving to liquidate some of its assets in a bid to fund its $3 billion build-to-rent development pipeline.
The Bermuda-based media veteran has sold his WIN Grand development site in Wollongong to premium development company Level 33 for a record $70 million.
John Singleton has sold his former head office in Sydney’s trendy Paddington to Annie Cannon-Brookes,the estranged wife of Mike Cannon-Brookes,the billionaire co-founder of tech giant Atlassian.
Melbourne Central mall has roared back to life as shoppers flock to its Monopoly Dreams store,students meet to hang out and commuters come for lunch.
Private developers Central Element,with joint venture partner Boston Global Group and the Golden Age Group,are taking advantage of the busy hotel sector with two major assets in Sydney being offered for sale.
Big investment dollars are rolling into the long forgotten holiday model that is now aimed at the generation that puts holidays above homeownership,and experiences over possessions.
Australia’s builders are suffering a three-speed market as high interest rates erode households’ ability to borrow and build dwellings.
A build-to-rent project near the Queen Victoria Market has been quietly canned,with the new owner of the site proposing a change to student accommodation.
Despite investment deal volumes in the industrial property sector slumping by 26 per cent in the past 12 months,agents predict the growth of internet shopping and data storage will send transactions soaring next year.
Everyone loves Freo’s gorgeous Gold Rush-era streetscape,but there are deep divisions within the community about how to save it.