Rawlinsons Costs at Odds With That BER is Paying
RAWLINSONS – the construction industry’s cost handbook – is going a long way into highlighting waste in the ALP government’s $16.2 billion Building the Education Revolution program.
According to the latest edition of the Rawlinsons Constrution Handbook, single level primary school buildings should cost about $1350 per square metre to construct.
By comparison, the NSW government is spending $13,306 per square metre building 21 canteen buildings in public schools.
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THE Little Bourke Street building that houses popular Chinatown restaurant Shark Fin House is for sale and expected to sell for about $6.8 million.
SYDNEY’s 227-room Mercure Potts Point has opened after a major renovation that started three years ago.
STOCKLAND has paid $48.7 million for residential development sites in south-east Queensland.
EDWARD Chancellor, the man who predicted the global credit led economic downturn in 2007, has referred to Australia as being amidst an “unsustainable housing bubble” with values potentially more than 50 per cent above their fair market value.
ONE of Brunswick East’s biggest developments will take place behind wire gates, after planning minister Matthew Guy approved a $271 million expansion of SP Ausnet’s Brunswick Terminal Station, at the T-intersection of Glenlyon Road and King Street.
SYDNEY’s Bristol Arms Retro Hotel, in Sussex Street, has sold to a private investor for $9 million.
THE Azure Blue Kawana Lifestyle Community will be developed on a 6.3 hectare site at Wurtulla near Queensland’s Sunshine Coast.
What’s in store for apartment investors when the rental guarantee runs out? Marc Pallisco finds out.
PLANS are afoot to develop another major skyscraper on a Southbank site abutting the West Gate Freeway.
COFFEE specialist Nespresso has opened its largest store in the southern hemisphere.
ASX listed Redcape Property Group will sell two large pubs including the Kirra Beach Hotel in the Gold Coast, and the Lakeview Hotel in Illawarra, in New South Wales.
A SURVEY by commercial real estate agency PRDnationwide (owned by Colliers International) has found Sydney is the “most overpriced property market” in the country, followed by Brisbane.
Battle lines have been drawn in the sand as planners and protest groups debate our sprawling suburbs. Marc Pallisco reports.
ANOTHER property in Lisson Grove, one of Hawthorn’s most revered tree-lined streets, may be replaced with a medium density, luxury apartment village.
RUGBY League club the Canberra Raiders is reportedly looking at buying a Brisbane office building for $26 million.
THE Federal Government’s contentious plan to build record amounts of commission flats and social housing around your streets, and without proper community consultation – seems to finally have caught the attention of the wider community.
PICKLES Auctions has signed a short-term lease for 60,000 square metres of industrial space, until recently occupied by one of its rivals, Fowles.
IN THE east Melbourne suburb of Doncaster, a Manningham City Council has suggested long-time dweller Westfield financially contribute to an infrastructure project designed to cope with the traffic it will permit for development along the eastern corridor.
LACHLAN Murdoch is the latest young billionaire to expand his Sydney property holding, buying a delapidated property abutting the Bellevue Hill mansion he paid $23 million for last year.
LEIGHTON Holdings has made about $95 million from the sale of a tower within its HQ Development in Brisbane’s Fortitude Valley.
A YARRA Glen farm on land zoned Green Wedge will be converted into “the number one rural tourism attraction in Australia” after the Yarra Ranges Shire Council unanimously approved a $31 million chocolate centre at a prominent corner site.
A SOUTH African investor is set to reap between $17 million and $25 million, from the sale of an entire apartment block on Bondi Beach, in Sydney’s ritzy east.
IN one of the first major CBD office transactions for the year, Eureka Funds Management, on behalf of the Aria Property Trust, has purchased an investment in Sydney.
CENTRAL Melbourne is set to expand under a new proposal by the Baillieu liberal government.
NEW plans have been lodged to redevelop the notorious, but rundown Sydney hotel where INXS lead singer Michael Hutchence died.
THE Federal Government has scrapped its blotched $2.45 billion insulation scheme, designed to save jobs – but instead, now looking to cost them.
SURF giant Billabong has paid $10.6 million for the former Cult Industries building at Burleigh Heads on the Gold Coast.
A SOUTH Yarra development site within the Forrest Hill precinct that is quickly becoming a high-rise apartment compound, has sold for $5.5 million to a consortium of off-shore and local investors.
PRIVATE investor Kirsh Group has paid a combined price of $153.5 million for two Martin Place, Sydney office towers.
BUDGET holiday makers are driving a surge in occupancy for humble caravan park accommodation – and many are staying for longer than they have in the past.
A HISTORIC CBD property, purchased by barristers almost 30 years ago, and occupied as legal industry offices since, is expected to fetch about $5 million at auction next month. 
BILLIONAIRE media and gaming magnate James Packer has received council approval to redevelop a 3369 square metre sloping site in Sydney’s ritzy eastern suburb of Vaucluse.
AHEAD of a move to an as-yet-undeveloped facility at Cheltenham, the Returned and Services League is selling its Beaumaris facility in a deal expected to pocket the club around $17 million.
FORMER politician Pauline Hanson will sell her country estate in south-east Queensland, ahead of a move to Britain.
THE SUPREME Court will decide whether a Victorian sheriff acted unconscionably when he sold a $630,000 Braybrook house for $1000 at a no-reserve auction.
BECTON Office Fund has sold a North Sydney office to Sydney-based private equity group, Altis Property Partners for $38.25 million.