Latest
Older, ‘cheaper’ houses hide costs that bite owners
More than 80 per cent of Australia’s houses have half the energy efficiency of the latest standards – and that’s going to make them less valuable.
- Michael Bleby
- Exclusive
- Shopping centres
Dexus appeals forced sale of $830m Macquarie Centre stake
Dexus is disputing a court decision that requires one of its managed funds to sell a half stake in the Sydney shopping mall to its co-investors.
- Campbell Kwan
Dexus lobs bid for big super’s Aussie student apartment portfolio
Of note, Canadian giant Brookfield also participated in the first round but ultimately decided the asset wasn’t for it.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Commercial real estate
Why Victoria will struggle to sell Mount Baw Baw alpine resort
More than one-third of the resort’s commercial sites are vacant and it doesn’t have enough power to use them all, business owners say.
- Michael Bleby
Sydney property slumps as buyers wait for price falls
The preliminary clearance rate for auctions in Sydney fell to 58 per cent – its lowest in a year – as buyers anticipate price falls.
- Campbell Kwan
The best beachside suburbs to grab a bargain before the year ends
As buyer demand dries out, sellers in these sought-after coastal suburbs are becoming more motivated to sell.
- Nila Sweeney
How it Sold
‘Shoebox’ apartment sells for $850,000 in less than a day
With supply crunched, this 41-square-metre unit sold at a rate similar to those on nearby Millionaires’ Row.
- Michael Bleby
Not even the agent saw this $4.2m purchase coming
They were three separate houses, sitting in a row. The residential sites were no good for development, but that didn’t stop one buyer from purchasing them all.
- Michael Bleby
Luxury Property
- Exclusive
- Luxury property
TPG boss buys $15m Coogee pad, joining PE trophy home ranks
TPG Asia boss Joel Thickins is the latest heavyweight to join the trophy ranks of Australia’s top private equiteers.
- Bonnie Campbell
- Exclusive
- Luxury property
Fintech founder buys late Wallaby’s clifftop home for $18.6m
The co-founder of HR onboarding software Flare, Daniel Cohen, and his wife, Gina, have set a suburb record by buying Alan Cardy’s mansion.
- Bonnie Campbell
Yesterday
‘Shoebox’ apartment sells for $850,000 in less than a day
With supply crunched, this 41-square-metre unit sold at a rate similar to those on nearby Millionaires’ Row.
- Michael Bleby
This Month
- Exclusive
- Property development
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
Auckland self-storage giant hangs up for-sale sign via KPMG
Street Talk understands National Mini Storage’s earnings have stabilised between $25 million and $30 million.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- 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
Where price growth for apartments will outpace houses in 2025
Apartment price growth has lagged houses for decades, but this could change next year according to experts.
- Nila Sweeney
- 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
The $180m mall Woolies liked so much it bought it
Woolworths’ big buy in Sydney’s west shows the price it’s prepared to pay as it jostles with its rivals for the best position in suburbs across the nation.
- Campbell Kwan and Nick Lenaghan
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
Welcome to Australia Post’s HQ. Just don’t call it the HQ
The postal service has ditched its high-profile head office in a Melbourne skyscraper for a humble yet high-tech building in the suburbs. It’s all about the vibe.
- Nick Lenaghan
Home sellers chop asking prices amid glut in listings
Weaker buyer demand and an influx of stock have prompted some vendors to slash their asking prices.
- Nila Sweeney
- Exclusive
- Agriculture
Macquarie buys $175m stake in fresh fruit producer
Macquarie Asset Management adds a controlling stake in one of the country’s largest citrus, berry and table grape producers to its $4.7 billion agricultural portfolio.
- Campbell Kwan
Have we hit an inflection point in the housing market?
The latest results from CoreLogic show the housing market has entered a new phase.
- Nila Sweeney
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
Trophy farms worth $120m change hands in year-end deals bonanza
Among the five properties sold was the 1900-hectare wool aggregation Avington – and its 16,000 Merino sheep – in Victoria’s Macedon Ranges.
- Larry Schlesinger
Pubs operator beats theme park giants to snap up Sydney’s Luna Park
The popular harbourfront landmark was sold by Canadian investor Brookfield for more than $50 million. Its new owner described it as a “great opportunity”.
- Campbell Kwan
Not even the agent saw this $4.2m purchase coming
They were three separate houses, sitting in a row. The residential sites were no good for development, but that didn’t stop one buyer from purchasing them all.
- Michael Bleby
Rate cuts won’t stimulate a big upswing in house prices: CoreLogic
An undersupply of housing will protect the market from a sharp correction, but there won’t be a significant rise when rates fall, predicts Tim Lawless.
- Larry Schlesinger
Auction clearance rates hit year low as sellers lose confidence
More than half of the homes offered for auction in Sydney in the past week were withdrawn before the auction date.
- Larry Schlesinger
November
The $1.5b housing opportunity at Westfield Hornsby
Seven of Sydney’s transport hubs have been earmarked for fast-track housing development. Mall giant Scentre is an early winner, and says much more can be done.
- Nick Lenaghan
