Commercial and residential property news
DESPITE the gloomy economic backdrop, Australians spent more than $14 billion within the country’s top 20 centres last year, considered a strong result.
Read moreJoint venture partners Australian Unity and Australand have lodged a DA with the Wingecarribee Shire Council in the Southern Highlands for a new retirement living community on the 17 hectare site of the former Our Lady of the Sacred Heart centre on Centennial Road, in Bowral.
Read moreCity Pacific Limited (City Pacific or the Company) today announced a net loss of $74.3 million for the half year ended 31 December 2008.
Read moreData showing that population growth in the Richmond-Tweed region has been faster than any other part of NSW in the past two years is evidence that Australians are prepared to move in search of a better lifestyle according to the Real Estate Institute of New South Wales (REINSW). It also accords with the latest property prices released by the Institute, which show house prices in the area grew 11% in the last quarter – among the highest of any regional location.
Read moreTHREE agricultural properties have sold recently, including New South Wale’s Gundy farm and homestead, which sold to local farmers for $5 million.
Read moreWoollam Constructions has been appointed to undertake the $11 million redevelopment of Southern Cross Care’s Aged Care Facility at Tweed Heads South in northern New South Wales.
Read moreTHE RECEIVERS of failed child care operator ABC Learning Centres have been given another month to settle a $US100 million dispute with US developer RCS Capital Developments.
Read moreStockland has successfully finalised the $450 million swap of its mixed use Northpoint building in North Sydney, for a Castlereagh Street office building in the Sydney CBD.
Read moreAUCTION clearance rates fell in both Sydney and Melbourne this weekend, according to new research from Australian Property Monitors.
Read moreThe City of Sydney is planning now to ensure we achieve the Sydney we want by 2030.
Read moreAUSTRALIA’s population is expected to hit at least 30 million by 2056, even using the most conservative estimates from the Australian Bureau of Statistics, latest Social Trends reporting has found.
Read moreSt Hilliers Property is readying a new industrial warehouse facility in Smeaton Grange, south western Sydney as a seed asset for St Hilliers Funds Management Limited’s fourth property fund.
Read moreHARVEY NORMAN founder Gerry Harvey said he will not revalue the company’s $1.25 billion Australian property portfolio, despite evidence values in the commercial property sector have fallen.
Read moreRouse Hill Town Centre combines the traditional values and streetscape of a contemporary market town with the latest in shopping, dining and lifestyle choices.
Read moreMacquarie CountryWide Trust (ASX:MCW) today announced it has entered into unconditional contracts with various parties for the sale of five assets (four in Australia and one in the US) for A$92.6 million [1], reflecting an average initial yield of 7.7%. The sale proceeds will be used to reduce debt and position the Trust to meet its refinancing obligations in the second half of 2009.
Read moreFKP Property Group’s Funds Management division today announced it had purchased historic Chard House at 171 William Street East Sydney for $7.15 million.
Read moreCB Richard Ellis’s former Auckland Managing Director Warren Hutt has relocated to Sydney to head the company’s Asset Services division in the Pacific Region.
Read moreTELSTRA has renewed its office leases at three major office buildings on Australia’s east coast.
Read moreThe GPT Group is pleased to announce workplace6, an 18,000 sqm waterfront office complex in Pyrmont, Sydney, currently being developed by the Group in conjunction with the Citta Property Group, has been awarded the first 6 Star Green Star – Office Design v2 Certified Rating by the Green Building Council of Australia.
Read moreSTOCKLAND DECEMBER 2008 HALF YEAR RESULTS
Read moreInvestors looking for a sound alternative to the stockmarket would be wise to consider residential property according to the Real Estate Institute of New South Wales (REINSW).
Read moreA GROWING number of distressed property assets are the focus of Colliers International in 2009 who have stepped in to manage portfolio’s savaged by the global financial crisis.
Read moreSydney’s ranking as the 11th least affordable city in a survey of international housing is due its popularity and the resulting high demand for property, but buyers should not be put off as housing realises excellent capital growth according to the Real Estate Institute of New South Wales (REINSW).
Read moreThe Reserve Bank of Australia has reduced the country’s cash rate by 100 basis points to 3.25 per cent at its February meeting. This sees the cash rate hit a 45 year low. The next RBA meeting is scheduled for March 3.
Read moreThe Real Estate Institute of New South Wales has called on the State Government to further reduce land taxes on residential properties as a means of bringing sorely needed property investors back into the market.
Read moreNew housing data released by the Australian Bureau of Statistics shows that the Sydney market is gathering pace, fuelled by a demand for apartments significantly outstripping that for single dwellings. In November, approvals were granted for the building of 1805 apartments in Sydney, more than tripling the October figure.
Read moreIn the latest release from the ABS for the September quarter 2008, the overall trend is a widespread fall in occupancy in Australia’s hotel markets.
Read moreBecton Property Group (“Becton”) today announced that its Becton Industrial Fund (or “Fund”) has acquired two industrial properties in Sydney for a total of $38.45 million.
Read moreMortgage Choice hopes to restore some consumer confidence in the New Year with top tips to help Australians take charge of, and better manage, their mortgage in 2009.
Read moreThe Real Estate Institute of New South Wales (REINSW) is supporting agents who manage holiday and short term residential properties in the State by setting up a Holiday Rental Chapter which will develop best practice guidelines for holiday rental operators.
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