Property Focus


Air NZ's Cam Wallace comes down to earth for the Sevens

Billionaire Gina Rinehart, chairman of Hancock Prospecting Pty, center, speaks with attendees during the Mines and Money conference in Hong Kong, China, on Thursday, March 26, 2015. The conference runs through March 27. Photographer: Jerome Favre/Bloomberg *** Local Caption *** Gina Rinehart *** Local Caption *** Gina Rinehart

Carolyn Cummins 12:00 AM   While Australian and Kiwi sports fans were tuned into the final of the Cricket Wold Cup in Melbourne on Sunday, those that favour the game of Rugby were cheering on the Aussies at the Sevens tournament in Hong Kong. It is an unlike a Kiwi to miss a rugby game, and Air New Zealand's chief sales and commercial officer, Cam Wallace, was slated to be among a rowdy horde of fellow countrymen at the Hong Kong Sevens last weekend.

Sold! The suburban Sydney tennis court became the key to an $11 million property deal

Former owner: John O'Brien on <i>Inside the Siege: The Untold Story</i>.

Eamonn Duff   On paper, it was just another bumper sale of prime coastal real estate, soon to make way for a block of luxury units boasting ocean views.  

City buildings halfway to emissions reduction target

Artist impression of the landmark $750 million 60 Martin Place redevelopment.

Carolyn Cummins   New developments across Sydney, will aim to have high green star ratings.

Property boom reaches all sectors

View from the top of  Tower 2 of the Barangaroo South Lend Lease construction site Sydney.

Carolyn Cummins   The NSW property sector is currently experiencing a long term recovery.

Outperformance of retail capital values to drive CBD supply

AMP Capital has named Denmark's 3XN as the winning architectural firm in its Design Excellence competition for the 50 Bridge Street tower and Masterplan architects for the Quay Quarter Sydney (QQS).

Carolyn Cummins   Down at street level, there has been a power shift among retailers.

More mergers flagged for REITS

CBD Towers of Power.  Deutsche Bank, Chifley Sq, Aurora Place, Gov Philip Tower - the most expensive rents in Australia.

Carolyn Cummins   GPT Group has emerged as the latest name to be casting an eye over the Investa Property Group portfolio.

Battle for Sydney's prime retail strips looming

505 George St
74 storeys, 260m high, being developed by Mirvgac and Coombes family.

Carolyn Cummins   The battle is looming in the Sydney central business district as to which street, Pitt, George or Castlereagh, will be crowned as the ''One''.

Without reserve

330 King street, Newtown. Newtown Central shopping centre.

Newtown Central_260814_01.jpg

Carolyn Cummins   Australian Property Opportunities Fund II (Fund), has made its first foray into NSW.

Hot property: Playing the global game

Andrew Holder   What does the growing power of multinationals mean for our local commercial property market?

Collins Street building sells for $8.888888 million

Auctioneer Phillip Kingston called for a series of figure eights – considered lucky in Chinese lore - to round off the auction.

Nicole Lindsay   A Chinese investor has paid a lucky $8.888888 million for a small piece of Collins Street.

Leasing ladder

Carolyn Cummins   Leasing ladder submissions.

Note of change as Minogue family diversifies property portfolio

Kylie Minogue

Marc Pallisco   After dealing in Melbourne shops, offices, flats and mansions, the Minogue family has quietly invested in the unusual property class of storage units.

Upper House here for the long term

Moody: Black-lined living areas at Upper House accentuate the views.

Stephen Crafti   Piccolo Developments' 'new response' to the city sold out in 90 days.

Barangaroo tower hits the top

Premier Mike Baird and Lend Lease managing director Steve McCann at the topping out ceremony on Tower 2 of the Barangaroo South site.

Carolyn Cummins   The first stage of the $6 billion Barangaroo South development has reached a milestone that will make the chief executive of Westpac, Brian Hartzer, smile.

RBA 'disconnected with the market'

Agents deny RBA warnings that the office market could be headed for a fall.

Carolyn Cummins   Commercial property agents have dismissed suggestions made by RBA Govenor, Glenn Stevens, that there is a pending slump in the sector.

Illegal foreign buying 'inevitable', says FIRB

This $39 million Point Piper mansion has been illegally purchased by China's 15th richest man.

Sally Rose   Regulators' ability to uncover and prosecute illegal residential property buying by foreigners is "sorely limited" and such sales are "inevitable", the Foreign Investment Review Board chairman has admitted.

RBA warns of potential commercial property slump

Sydney faces the choice of whether it wishes to grow up or out.

Michael Heath   (Updates with currency in sixth paragraph.)

Reforms will slow housing, in time, says RBA

It will take a while for the financial regulator's reforms to slow the number of housing loans being taken out by investors, the Reserve Bank says.

Haymarket site ripe for redevelopment

In demand: The site at 15-33 Parker Street, Haymarket.

Carolyn Cummins   A wide range of developers are tipped to swoop on a new site at Haymarket.

Investors move into Collins Street as values build up

606 St Kilda Road is for sale through Knight Frank.


Nicole Lindsay   Heat in the market is sparking a sell-off among owners and a buying spree from both local and offshore investors.

Victorian Spiritualists’ Union to sell earthly possession


Simon Johanson   Victoria's spiritualists are shaking off their earthly bonds.

Aldi hunts for new Melbourne CBD site

Aldi plans a new store in Melbourne's CBD, as part of its ambitious nation wide expansion.

Simon Johanson   Soaring central city population growth from Melbourne's apartment boom has prompted Aldi to join a growing list of retailers looking for new CBD store spaces.

Deague family's tower to top Box Hill skyline

Whitehorse Towers

Nicole Lindsay   Asian Pacific Group has been granted a permit to build the $330 million Whitehorse Towers at 850 Whitehorse Road.

Small shop sales sizzle as investors scoop up Melbourne's retail assets

A local private investor paid $1.96 million  for a securely leased old-fashioned butcher's shop in Centre Road, Bentleigh.

Simon Johanson   Retail shops on Melbourne's suburban strips are changing hands on unprecedented yields as a wave of cheap money from a growing pool of investors pushes up prices.

Market wrap

Position: The commercial investment property at 2-4 Nepean Highway, Mentone sold for $1.55 million.

The former New Ascot Theatre has sold to a local developer for well above market expectations.

Bridge Road landlords in the firing line of Premier Investments

Chief executive of Premier Investments Mark McInnes said the group was pushing landlords on Bridge Road and elsewhere to set rents at market value.

Simon Johanson   One of Australia's largest retail outfits, Solomon Lew's Premier Investments, has taken aim at Bridge Road landlords over excessive rents.

GPT looks to office growth


Carolyn Cummins   GPT Group has forecast a recovery in office rents in the next couple years, saying they have reached the turnaround point, particularly in Sydney and Melbourne.

Digital agency gets started in iconic Georges on Collins building

The leasehold of the historic Georges building has sold.

Nicole Lindsay   Digital advertising agency Get Started has moved into office space in the iconic Georges on Collins Street.

The battle for ANI REIT heats up

Carolyn Cummins   The battle for the $225 million Australian Industrial REIT has intensified with the bidder, 360 Capital, increasing the cash and scrip offer to sweeten the deal.

Trenerry to stamp signature style on postal giant's development site

An artist's impression of Australia Post's proposed development in Rosslyn Street, West Melbourne. Trenerry Property Group has bought the site and plans a mixed use development.

Simon Johanson   Mid-tier apartment developer Trenerry Property Group is believed to have paid $40 million for a site in the booming West Melbourne precinct.