Latest
Turramurra home sold for $4.6m despite weaker winter market
The national auction market is losing steam ahead of the spring selling season, with buyer demand waning as expectations of a rate cut this year fizzle.
- 12 mins ago
- Nick Lenaghan
Working from beach is the new WFH (just don’t tell your boss)
Work from anywhere policies – allowing staff to spend some time abroad on the clock – makes people more likely to stay at a company for longer, a survey found.
- Lauren Shirreff
- Exclusive
- Property development
Japanese investors eye Australian residential real estate
Competition for Australian sites is heating up for Japanese companies such as Asahi Kasei Homes, Sumitomo Forestry Group and Daiwa House.
- Michael Bleby
Great Barrier Reef island visited by Captain Cook set to fetch $20m
Quail Island near the Whitsundays was last purchased for $2 million in 2020. Meanwhile, a cattle station north of Alice Springs is on the market for about $40 million.
- Larry Schlesinger
Kimberley beachfront eco resort with own airstrip hits the market
Eco Beach Resort sits just metres from the beach an hour south of Broome. It comes to market amid a boom in demand for luxury, eco-friendly resorts.
- Larry Schlesinger
Fight over Baby Boomer housing takes toll on developer
The Melbourne-based developer and landlord faces the twin battles of a slowing market and criticism of a fee structure that other companies do not use.
- Michael Bleby
How it Sold
First home buy costs $1.28 million – and 858km
Affordability is pushing rookie property purchasers to look more widely than before. But they’re often also older, and have more money to spend.
- Michael Bleby
One-bed unit, no car park – the price? Almost $1m
There were not many takers for this nice, but expensive, property. But one buyer valued it differently – and was prepared to pay for that.
- Michael Bleby
Luxury Property
- Exclusive
- Luxury property
Society couple settle on $20m Bellevue Hill home
Anabel and Andrew de Saxe have settled on their six-bedroom, four-bathroom mansion, following a string of hefty sales linked to their extended family.
- Bonnie Campbell
- Exclusive
- Luxury property
Son of late British billionaire sells $12m Melbourne penthouse
Businessman Mark Healey has offloaded his Toorak penthouse, while packaging executive Alex Commins has downsized to South Yarra.
- Bonnie Campbell
This Month
- Exclusive
- Luxury property
Society couple settle on $20m Bellevue Hill home
Anabel and Andrew de Saxe have settled on their six-bedroom, four-bathroom mansion, following a string of hefty sales linked to their extended family.
- Bonnie Campbell
- Exclusive
- Luxury property
Son of late British billionaire sells $12m Melbourne penthouse
Businessman Mark Healey has offloaded his Toorak penthouse, while packaging executive Alex Commins has downsized to South Yarra.
- Bonnie Campbell
Singaporean billionaire brings Hilton to Hobart
Koh Wee Meng’s Fragrance Group has ditched Accor’s Novotel brand and has instead appointed Hilton to run its new Hobart Hotel as a DoubleTree.
- Larry Schlesinger
Labor rules giving building unions more powers on projects
The construction industry in Queensland is worried about state policies that benefit the CFMEU, but which will saddle consumers with great costs.
- Michael Bleby, James Hall and David Marin-Guzman
- Exclusive
- Luxury property
Luxury homes now ‘critical asset’ for Australia’s wealthy
The number of house sales over $5 million has rocketed since 2019, with a new report saying prestige property is key to long-term wealth creation.
- Bonnie Campbell
- Exclusive
- Office
The 19 corporate giants behind Sydney’s tumbling office values
Australia’s biggest companies have cut close to 200,000 square metres from their Sydney CBD office footprints. And so far, only Westpac is considering expanding again.
- Campbell Kwan
Melbourne a launching pad for Hong Kong hotel brand
Lanson Place will open its first Australian property in September after spending $80m repurposing the former Salvation Army Printing Works in East Melbourne
- Larry Schlesinger
Tenerife waiters forced to live in tents amid tourist-driven property boom
Low-paid service workers who are vital to the tourism industry are being squeezed out of the market because of the boom in holiday rentals.
- James Badcock
Just 7pc of British bosses say they go into the office full-time
The findings could open employers up to accusations of hypocrisy from angry staff who have been forced back to their desks.
- Lucy Burton
Apartment starts fall to 11-year low
Industry groups say the extra costs of construction union agreements compound rising materials and financing costs to make housing projects unprofitable.
- Michael Bleby
Dexus poaches AustralianSuper’s infrastructure tsar Nik Kemp
It is the biggest hire so far by the company’s new chief executive, Ross Du Vernet, who took over the top post from long-serving Darren Steinberg this year.
- Nick Lenaghan
The suburbs turning into buyers’ markets as listings pile up
The sharp increase in inventory levels is creating favourable conditions for buyers, experts say.
- Nila Sweeney
Barrenjoey partner swaps Bondi federation mansion for Double Bay villa
After selling their Bondi home to designer Camilla Franks, Barrenjoey Capital founding partner Ben Scott and wife Pensiri have bought in Double Bay.
- Bonnie Campbell
Remote work crushes next wave of office towers: experts
The next wave of CBD skyscrapers may not emerge for another decade as Sydney and Melbourne office markets recover from the rise of remote work and record high vacancy rates.
- Nick Lenaghan
- Exclusive
- Commercial real estate
Consolidation coming to co-working as Melbourne rivals merge
CreativeCubes, backed by Flight Centre co-founder Geoff Harris, has bought five Melbourne hubs from Workspace365 as it prepares for an offshore assault.
- Larry Schlesinger
- Exclusive
- Retail property
Challenger sells Tasmanian mall for record price
The wealth giant has sold Channel Court, which is the largest sub-regional mall south of the Hobart CBD, for $82.5 million.
- Campbell Kwan
The city that is still relatively affordable to buy a house
Rapid house price increases in the past year has sparked a sharp decline in the proportion of affordable house markets across Perth, Brisbane and Adelaide.
- Nila Sweeney
Office funds post their worst performance since GFC
ISPT 50 Lonsdale Street Property Trust and the Mirvac Wholesale Office Fund were the worst performers, posting declines in total return of more than 20 per cent.
- Campbell Kwan
‘We can’t even dictate contractors’: NSW builders eye EBA changes
Contractors in Australia’s largest state say they have lost influence to the main construction union.
- Michael Bleby
