New South Wales

New South Wales 

Take Photos of Your Property Pre-Road Construction, Rozelle Residents Warned

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BUILDING inspection giant Archicentre has warned residents in Sydney’s inner-west to take digital photos of their properties, ahead of major new roadworks nearby, which threaten to damage of their properties.

“At the very least all home owners should be taking a digital photographic record of their homes and its condition inside and out with a date stamp on the shots to record the conditions of their home for any legal disputes in the future,” Archicentre state manager Angus Kell told the Daily Telegraph.

He added if this was not possible, residents should commission reports on their homes detailing any damage caused.

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New South Wales 

$69 Million Upgrade For NSW Supreme Court Building

Premier Nathan Rees today announced that $69 million will be spent upgrading NSW Supreme Court building in Queens Square, creating 350 jobs over four years.

Mr Rees said the upgrade of the Law Courts Building would preserve the Supreme Court’s status as the preferred forum for commercial litigation in Australia.

“This is an important project, which will not only bring business to NSW, but will provide 350 jobs, both on and off-site, as construction work takes place,” Mr Rees said.

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New South Wales 

Crown International Pays Becton $15 Million For Parramatta Development Site

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CROWN International has paid Becton about $A15 million for a major development site in the Sydney transit city of Parramatta.

The 45 Macquarie Street development site includes two heritage buildings which will be retained, and an approval for a 40,000 square metre commercial building. However Crown said its purchase is subject to approval of a revised application, that would also include residential and retail space.

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New South Wales 

Orchard Puts 233 Castlereagh Street on the Market

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MONTHS after listing its 350 Collins Street office for sale in Melbourne, Orchard Funds Management has put a Sydney CBD building on the market, in a deal which could be worth $130 million.

Orchard is selling its 31-level 233 Castlereagh Street building in Sydney, three years after buying it for $120 million with joint venture partners Leighton Properties and Lend Lease Real Estate. The office building is now 95 per cent occupied, returning about $9 million per annum. This compares to 40 per cent when the consortium bought the building in 2006.

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New South Wales 

Second Sydney Airport Mooted For Former Richmond RAAF Site

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THE Federal Government has identified a former RAAF base as a possible site for a second Sydney airport.

Transport Minister Anthony Albanese said projected growth in traffic to 427,000 annual aircraft movements by 2029, makes the case for another Sydney airport one of “national interest”.

The state government is teaming with Mr Albanese, to conduct a joint study identifying possible airport sites. It’s believed the Bankstown Airport, which recently came onto the market for sale; and a site at Badgerys Creek, have been disqualified as possibilities.

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343 George Street Sydney
New South Wales 

Dexus Close to Selling 343 George Street

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343 George Street SydneyDEXUS Property Group is believed to have found a buyer for its 343 George Street office building, in the Sydney CBD.

A private investor is understood to be in exclusive due diligence to buy the heritage listed 11-storey building for more than $50 million. The negotiation may explain why a public campaign to sell the ASX building at 20 Bridge Street, has been delayed two weeks. That building was expected to sell for about $170 million.

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New South Wales 

Giant Football Academy Still on Track For Former Liverpool Golf Course

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PLANS to develop a giant football academy on a former golf course, in the south-western Sydney suburb of Liverpool are still on track, despite banks putting the property on the market for $6 million as a mortgagee in possession.

Property developer Eddie Parilio said he expects to pay out money owed on the property, before the end of the property’s marketed tender. A repayment would give him back clear possession of the property, and allow him to proceed with redevelopment plans.

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New South Wales 

Frasers Property Gets Moving to Redevelop Sydney’s Former CUB Site

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SINGAPORE-based developer Frasers Property is preparing to redevelop Foster’s former Sydney CUB Brewery into a $500 million mixed use project.

The new proposal will include two office towers, two apartment buildings and will be flanked by ground floor retail. Frasers has appointed an architect to design the proposal, and has started lodging applications with the NSW Department of Planning.

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Cochlear Headquarters Macquarie University Sydney
New South Wales 

Watpac Awarded Cochlear HQ Project Development at Sydney’s Macquarie University

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Cochlear Headquarters Macquarie University Sydney
ASX-listed construction and property group Watpac Limited (ASX:WTP) has been awarded the contract to construct the new Global Headquarters building for Australian hearing implant specialist Cochlear.

The $80 million Global Headquarters and manufacturing facility will be based in the emerging Hearing Precinct of Sydney’s Macquarie University.

The project involves the construction of a six-storey building with a nett lettable area of approximately 24,000m2, in close collaboration with Cochlear to meet their unique requirements.

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New South Wales 

Top Ten Complaints of Apartment Living, New South Wales Office of Fair Trading Analysis

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A bedroom-based trout farm, a horse kept in an apartment, and an owners’ corporation deadlocked over taking action against a nudist neighbour – these are just a few of the strangest complaints received by the Office of Fair Trading about strata living in NSW.

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New South Wales 

Real estate agents you can trust

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The most innovative and professional real estate agents in NSW have been revealed with the announcement of the finalists of the REINSW Awards for Excellence.  

The Awards recognise excellence in service, creativity and commitment in categories including residential sales, property management, auctioneering, marketing and community service.

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New South Wales 

Australian Unity & Australand Lodge DA for Bowral Retirement Village

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Joint 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.

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New South Wales 

Richmond-Tweed Heads Region, NSW, Fastest Growing Precinct in State

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Data 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. 

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New South Wales 

Google and Accenture Fully Lease workplace6 Office Building in Sydney

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GPT today announced that the Group had successfully fully leased all the office space at the Group’s workplace6 development, NSW’s first 6 star Green Star building, well ahead of initial expectations. Internet company Google, and global management consulting company, Accenture have agreed to lease the office space at workplace6, an 18,000 sqm waterfront office complex developed by the GPT Group in conjunction with Citta Property Group.

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New South Wales 

GPT Announces New Building For Pyrmont, Sydney

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The 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.

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New South Wales 

Sydney apartment market kicks into action

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New 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.

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New South Wales 

Councils crying poor while hoarding hundreds

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The Property Council of Australia has criticised advertisements by the Local Government Association of NSW and Shires Association of NSW calling on the NSW Government to delay reforms which would stop councils hoarding taxpayers’ money as a misguided attempt to preserve an unsustainable and unfair funding system.

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