This Month
Game changer or sellout? The election fight over the future of housing
Labor says build-to-rent changes will turbocharge apartment construction. The Coalition says it just kicks the problem along. Get ready for one of the big election battles.
- Tom McIlroy
- Exclusive
- Housing crisis
More than 1000 apartments to rise from old Sydney Fish Market site
A long-heralded plan to transform the site into housing is gaining momentum, as three major developers are shortlisted for the $1.5 billion project.
- Campbell Kwan
- Exclusive
- Build-to-rent
New tax laws no silver bullet for build-to-rent, NAB warns
Last week’s legislation halving the tax rate for foreign investors is a good start, but rival Macquarie agrees other factors also drag on projects.
- Michael Bleby
- Exclusive
- Commercial property finance
‘It’s a bit of a golden age of private credit’
Fund manager Nuveen, which has done a $400 million deal with Singapore’s sovereign wealth fund, says high returns are possible – and the risks aren’t bad, either.
- Michael Bleby
- Exclusive
- Commercial real estate
James Packer behind $110m deal for Surry Hills heritage building
An investment company ultimately owned by James Packer is partnering with developer Time & Place on plans for a $500m inner-Sydney development.
- Larry Schlesinger
Big builders enjoy recovery as insolvencies hammer small players
Even as large contractors report stronger earnings, the loss of smaller subcontractors cuts capacity and creates risks for the whole sector.
- Michael Bleby
Keystone lands in liquidation; bids rejected
The fund’s investors had several proposals on the table heading into a vote on Monday, and liquidation was the outcome.
- Updated
- Sarah Thompson, Kanika Sood and Emma Rapaport
Worst has passed for new home building: economists
Bad times “are starting to end” as developers now have a handle on costs and the prices they can get for apartments.
- Michael Bleby
November
AVJennings to go private after mega private equity bid
The takeover offer from Proprium, which is backed by the company’s board, values the major home builder at $374 million, double its market capitalisation.
- Michael Bleby
Housing construction rises to a three-year high
There are some signs of a pick-up in home-building, but higher costs and a risky environment for contractors are holding back development.
- Michael Bleby
Renovations boom while new builds stall
Australia’s trade and subcontractor shortages could be eased if policies and regulations tilted resources towards new home-building.
- Michael Bleby
Mirvac taps stamp duty exemptions to sell luxury Melbourne apartments
News of the sales – and strong demand for a Sydney development with no tax break – raise questions about who should benefit from stamp duty cuts.
- Michael Bleby
Australia will comply with international law on Netanyahu arrest
Penny Wong has given her strongest signal that Australia would arrest Benjamin Netanyahu; man charged over Sydney anti-Israel vandalism. How the day unfolded.
- Updated
- Lucy Slade
‘Horsing heartland’: Merlin Park up for grabs for over $30m
The horse training ground outside Melbourne may could become a residential development.
- Campbell Kwan
Plug-and-play homes can be cheap, but are not for everyone
Ingenia Communities’ John Carfi welcomes federal government plans to make it easier to finance prefabricated homes, but warns against going beyond that.
- Campbell Kwan
Student bed developers look beyond Sydney, Melbourne as market matures
Demand remains strong in the two largest cities, but the purpose-built accommodation sector is looking more widely for cheaper sites.
- Michael Bleby
- Exclusive
- Australian economy
Why new apartments don’t sell and old ones do
A combination of high interest rates and weaker prices make established housing stock more attractive to buyers than apartments built as costs soared.
- Michael Bleby
How the Aussie dream is making the housing crisis worse
Pakistani migrant turned property developer Khurram Saeed says the Victorian government cannot rely on apartment construction to meet its ambitious housing targets.
- Gus McCubbing
Risks rise in Gold Coast apartment development
As banks focus on smaller and more secure projects, developers of bigger projects are turning to riskier and more expensive sources of credit.
- Michael Bleby
NSW to fast track approval of large housing plans
The country’s two biggest states are taking steps to speed up the housing approval processes that developers say are holding back new projects.
- Michael Bleby
