Property

  • Residential developers on the lookout

    Residential developers with spare equity are chasing development sites and many believe the market has bottomed.

  • Stonington Mansion back on the block

    The Stonington Mansion site in Melbourne's leafy Malvern is up for sale once more.

  • Hudson Conway makes comeback

    Lloyd William's Hudson Conway is back in the property game. According to well-placed sources, the developer has bought Stockland Group's St Kilda Road apartments development site for $27.5 million.

  • Rent squeeze homes in on top end

    The national squeeze on rental accommodation has extended to the top end as wealthy executives shift their families to Australia to capitalise on strong employment growth and skills shortages.

  • Westfield values REITs' exposure to recovery

    Property trusts offer one of the best exposures to the economic recovery of any asset class, says Westfield Group finance chief Peter Allen.

  • Colonial reshapes unlisted funds

    Colonial First State Global Asset Management will restructure its $2.5 billion unlisted Direct Property Investment Fund, winding down its industrial portfolio and recapitalising its shopping centre holdings.

  • Dunstan starts advisory

    Craig Dunstan, the founder of real estate investment managers MacarthurCook and Australian Unity Funds Management, has started out again.

  • McHugh pubs shake-up under way

    The private McHugh Holdings has sold Kinselas Hotel in the Sydney inner-city suburb of Darlinghurst for $12 million as it considers a break-up of its pub empire.

  • Defaults defy rise in mortgage stress

    Growing numbers of homeowners are cutting back on things they enjoy to meet their mortgage repayments as interest rates and house prices climb, according to a mortgage stress report.

  • Property briefs

    A residential development site opposite the Queen Victoria Market in Melbourne has sold to a developer with Chinese backing for $10 million.

  • Late payments rise slows

    Payments more than 60 days late on commercial mortgages bundled and sold as bonds rose 33 basis points to 5.25 per cent in February, the smallest increase in six months, Morgan Stanley said in a report.

  • There's no bubble in China, says CapitaLand

    CapitaLand Ltd., which has Chinese properties valued at more than $14 billion, said demand in China is "strong" and the real estate boom can't be called a bubble.

  • Westpac tips home prices to stabilise

    is predicting that Australian house prices will stop climbing by the middle of this year as reduced government stimulus and higher interest rates put the brakes on.

  • Recovery only by 2011

    Westpac Banking Corp is giving a cautious outlook for the commercial property sector over the next two years despite strong economic growth forecasts.

  • Housing bubble on hold as lending slows

    A modest showing by investors in the latest housing finance figures adds to concerns over the strength of the residential recovery.

  • Theatre first act in luxury hotel plan

    The listed Amalgamated Holdings has unveiled plans to open the first new luxury hotel in Sydney's central business district for almost a decade with a proposal for a boutique property in the upper levels of the city's State Theatre and Gowings Buildings.

  • Botched bill adds to Madden's woes

    Victoria's embattled Planning Minister, Justin Madden, has admitted botching a major reform stripping councils of development powers in key areas of Melbourne.

  • Fraser Island interests up for grabs

    The Japanese-backed Kingfisher Bay Resort & Village Group has put its resort and tourism facilities on Queensland's iconic Fraser Island up for sale and expects to receive about $45 million.

  • Melbourne's fever pitch bound to drop

    Scott Keck, the managing director of Melbourne-based strategic property consultants Charter Keck Cramer, has 90 valuers out in the field talking to purchasers every day. He thinks the buyers now competing for houses in the boom $600,000 to $1 million sector of the city's traditional housing market are fully stretched.

  • Property briefs

    The federal government's NBN Co will move into three floors of office space at Innovation Place in North Sydney in mid June.

  • Hotel buyers surf the menu

    Hotels on Victoria's surf coast are attracting the interest of owner-occupiers keen to buy assets that benefit from the local tourism sector.

  • CBD retail market stays strong

    CBD retail property markets are still strong, although luxury retailers are opening stores in "super regional shopping centres" in Melbourne and Sydney.

  • Architects home in on thriving uni residential market

    Designing student accommodation has been a godsend for nettletontribe architects, after their first venture into the sector three years ago with a project at Australian National University.

  • Student housing is the smart investment

    University accommodation is proving resistant to down cycles, with a constant demand that has no sign of waning. But for the private sector, universities aren't easy to deal with, writes Ben Hurley.

  • Uni aims to increase housing

    The University of Sydney has set a target of 6000 student accommodation places by 2014 in an attempt to retain its valuable international student base.

  • Signs of life in Perth's top end

    In typical WA fashion, Perth's selling agent to the stars, Willie Porteous, emerged from Bond Corporation three decades ago with enough contacts to be propelled to the top of the selling game in the state.

  • Top end bottoms

    Australia's top end property market well and truly bottomed in June with signs already showing that the sector will underpin much of this year's price growth.

  • Melbourne's blue ribbon homes to jump in value

    Melbourne's top end real estate market has witnessed dramatic prices increases over the past 12 months led by unbridled demand from overseas.

  • Stockland sells St Kilda apartment site for $27 million

    Stockland Group has sold its St Kilda Road apartments development site in Melbourne for $27.5 million as the group looks to wind down its apartments business.

  • Trusts must cast their nets wider

    Australian real estate investment trust managers need to start getting their heads around investing offshore if they want to deliver real returns to investors, according to Ernst & Young.

  • Outlook bearish without investors

    Despite reports of investors returning to the property market, sales evidence is yet to be seen according to analysts.

  • Solid firm gets a boost

    The financial crisis and downturn in the property market has proven to be an unlikely catalyst for the Brisbane Housing Company, with management taking the not-for-profit business into new, uncharted waters.

  • Tenant commits at Macquarie Park

    Property group Stockland has secured Schneider Electric as a major tenant in its new Waterloo Road office building in Macquarie Park.

  • Rubicon US loses exclusivity rights

    ©2010 Bloomberg News

  • Apollo buys Citi unit

    Apollo Management LP agreed to buy Citigroup's real estate investment unit, according to a person with knowledge of the deal.

  • Liberty to become two companies

    Liberty International, the largest UK mall owner, plans to split into two listed companies to offer investors a choice between London shopping centre developments.

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