Landlords have been hit by steep land tax increases from soaring property values, in some cases more than doubling tax bills and making investments uneconomic.
Property Editor at The Age and BusinessDay journalist for Fairfax's theage.com.au, smh.com.au, watoday.com.au and brisbanetimes.com.au.
A lack of available stock and attractive yields are driving office sales in fringe office markets.
A Singapore-based REIT with extensive industrial property holdings in Australia has purchased a $22.25 million facility from retirement-focused fund manager Challenger Life.
Leasing activity has stepped up in city fringe markets as vacancy rates tighten across Melbourne.
US-based retailer T.J. Maxx is set to open its first Australian store adding to an onslaught of global retailers.
Boutique fund manager Key Capital will test investor appetite for shopping centres when it offloads its Wangaratta large format retail centre.
Collins Street shops rarely hit the market, but one sold at auction for $4.64 million on a yield of 3.97 per cent.
Australia's biggest retail landlord Scentre Group lifted its full year profit 10.4 per cent to $2.99 billion on the back of strong sales, new developments and property revaluations.
Self-managed super fund portfolios were overlooking a key asset class with strong 6 per cent-plus returns and long-term growth, a fund manager at Charter Hall claims.
The average time on market for land in Melbourne's outer growth suburbs has dropped below 60 days, the lowest ever recorded.