Property Focus


Industrial rents could rise for storm-affected businesses

Carolyn Cummins 9:53 PM   Property damage from the Anzac Day hail storm in Sydney forces some businesses into short-term premises.

Inner city mall changes hands

 Surry Hills Shopping Centre, 240 Baptist Street and 397-399 Cleveland Street, Redfern.

Carolyn Cummins   Demand for small to medium-sized shopping centres is on the ascendancy with sales approaching $8 billion in the past year, according to agents.

Housing boom helps bulky goods

Super A-Mart Furniture recently leased a site through CBRE at 152 Taren Point Road, Caringbah.

Carolyn Cummins   Strong whitegoods and home furnishing sales boost demand for retail space.

House developments on the agenda

Gentrification: NSW Leather occupied the site at 707 Elizabeth Street, Waterloo for 30 years before deciding to move further south.

Carolyn Cummins   Inquiries about older-style properties with potential for residential conversion has reached new levels, according to agents.

Sentiment improving

No 1 Martin Place, the new home of LinkedIn.

Carolyn Cummins   Business growth sees spike in sub lease market.

Housing undersupply 'mission critical'

"They are not just places to live but untapped assets": Matthew Taylor, Centre for Independent Studies.

Carolyn Cummins   Sydney is entering a "golden decade" of housing growth, with no bubbles in sight, says one of Australia's the biggest residential developers.

Palisade Hotel sold

Palisade Hotel, Millers Point, sold for a suggested $20 million.

Carolyn Cummins   The Palisade Hotel at Millers Point has changed hands with a suggested price tag of about $20 million.

Buyers line up for Investa

420 George Street, which is being sold by Fortius Funds and Lend Lease’s APPF investment unit.

Carolyn Cummins   The completion of the first round of offer submissions for the Investa platform, being sold by Morgan Stanley, will be an obvious battle between multinational and domestic investors.

Melbourne's Celtic Club back on market

Marc Pallisco - Capital Gains - dink - dinkus

Marc Pallisco   The committee which leads Australia's oldest Irish club has finally lobbied enough members to sell its super-prime headquarters and relocate to another site within the CBD.

Forbes reveals the richest real estate tycoons in the world

Harry Triguboff is Australia's richest real estate billionaire.

Rachel Clun   According to the 2015 Forbes Billionaires List, it's been a good year for property tycoons.

Louvre house shines light on E589 apartment design

E589 has been constructed in concrete and steel, together with an extensive use of louvres.

Stephen Crafti   Several features in a Hawthorn house have proved appropriate for light-filled E589 apartments.

Now is the chance to make a change

NSW Planning Minister Rob Stokes.

Angus Nardi   Newly minted NSW Planning Minister, Rob Stokes, has a chance to both instil investor confidence and deliver on something that a number of his predecessors, both Labor and Coalition, have failed to do: A modern and comprehensive retail policy.

Labor to move on negative gearing

Shadow treasurer Chris Bowen.

Mark Kenny   Middle Australia's runaway love affair with investment property could be shifted to the slow lane as Labor indicates it will alter negative gearing rules, if elected.

Four Points hotel expands

Addition: The new office tower One Wharf Lane and conference tower at Four Points by Sheraton overlooking Darling Harbour.

Carolyn Cummins   The upgrade will be a third tower that will include up to seven floors of new office space.

REITs shore up balance sheets with $1.8b debt and equity raisings

Property trusts have been taking advantage of cheap money to repay existing loans and fund acquisitions.

Carolyn Cummins   Real estate investment trusts are shoring up their balance sheets in the low interest rate environment after raising a rapid fire $1.8 billion through the debt and equity markets.

Australian property seen as hot destination for money laundering

"They are not just places to live but untapped assets": Matthew Taylor, Centre for Independent Studies.

Australia needs to tighten safeguards against money laundering in its booming property market, which has attracted Chinese funds with likely links to corruption, an international anti-money laundering body says..

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Dexus teams with capital partner for Waterfront Place, Brisbane

Waterfront Place Brisbane is being sold by Stockland and the Future Fund for about $630 million.

Carolyn Cummins   DEXUS Property Group is tapping its investors for $450 million to buy a large office and retail complex in Brisbane from owners the Future Fund and Stockland.

Melbourne's most prestigious tower 101 Collins faces more view threats

MELBOURNE, AUSTRALIA - APRIL 14:  A businessman is seen walking past 101 Collins Street in the cbd on April 14, 2015 in Melbourne, Australia.  (Photo by Jesse Marlow/Fairfax Media)

Simon Johanson   Melbourne's most prestigious Collins Street address is under siege from plans for a super-thin skyscraper alongside but analysis of property records show several other sites could also threaten its spectacular views if they fell into developers' hands.

A 101 lesson in maintaining the status quo

101 Collins Street, Melbourne.

Simon Johanson   Melbourne's premium office tower 101 Collins has been given $30 million in upgrades to maintain its position among Australia's top office landmarks.

Industrial yields tight as competition ramps up

Colliers International's Nick Saunders and Stephen Newsham have been appointed to sell a major site at Lot 7A, 207 Sunshine Road in Tottenham, about seven kilometres west of the Melbourne CBD.

Nicole Lindsay   Yields are sharpening in Melbourne's huge industrial property sector as investors at all levels compete for properties to underpin their portfolios.

Melbourne Uni buys historic pub for 'student amenity'

Melbourne University wants students to have continued access to food and drink across the extended campus.

Simon Johanson   The Prince Alfred Hotel in Carlton, which sold at a public auction in late March for $4.5 million, was bought by Melbourne University.

Singapore developer launches first foray into Melbourne house and land estate

 Far East Organization executives (from left) chief operating officer Lay See Shaw,  executive director  Augustine Tan and chairman Ai Lian Fang in Melbourne on Tuesday.

Simon Johanson   Singapore's largest private property developer will start construction on a $180 million master-planned community in Melbourne's north next week as it plans other property investments in Sydney.

Development site sale sets West Melbourne price record

For sale.

Nicole Lindsay   The possibility of larger minimum apartment sizes is having no impact on the pace of development site sales.

Pitt Street and Bourke Street Malls in high demand

Pitt Street Mall, where Microsoft will lease the former Guess store. Rents have risen along the strip by 11 per cent in the past year.

Carolyn Cummins   Pitt Street Mall and Melbourne's Bourke Street Mall rents have jumped by 11 per cent in the past 12 months, boosted by the influx of the international retailers.

Sydney house prices driven by Chinese 'bolthole' buyers

Bidding at auction

Luke Malpass   Foreign buyers continue to supercharge the Sydney housing market, accounting for more than 21 per cent of demand in NSW and 15 per cent-plus nationally

Pearcedale Village Shopping Centre sells for $6.8 million

The Pearcedale Village Shopping Centre at 75-99 Baxter-Tooradin Road.

Marc Pallisco   A consortium of private investors  has offloaded a neighbourhood shopping centre in a semi-rural coastal town slowly being encroached upon by housing estates.

Benefits of building innovation being lost by miscommunication

Building Information Modelling (BIM) was used at Christchurch Hospital in New Zealand.

Philip Hopkins   Andrew Bagnall cheerfully admits mistakes happen in construction projects.

Private investors snap up five Carlton homes in a row

A 1970s apartment block in Windsor has sold for $3.5 million.

A 1970s three-level block with eight large one-bedroom apartments and on-site car parking has sold for $3.5 million on a yield of 3.2 per cent.

Big Chinese developer hears the sound of the suburbs

An artist's impression of the planned FG Funds development at Five Dock in Sydney.

Carolyn Cummins   Chinese property developers have increased their presence in the suburban housing market.