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Nation's top builders names + The surprising city where home prices are set to overtake Melbourne
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EmailThis is what's moving in property this week.
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NEWS
1
Major shakeup as Australia’s top 50 builders revealed
There are major moves in the top builders across the country, with some players hit by cost blowouts while others have risen up the ranks with huge project pipelines.
2
The capital city where property prices keep rocketing up
Perth’s median property price is poised to overtake Melbourne in the coming weeks as a critical undersupply of homes puts pressure on the market.
3
Pub baron on his last chance after $500k instalment shortfall
Jon Adgemis has handed over just $100,000 of $600,000 owed to administrators by a May deadline 1, further delaying an agreement to pay his former hospitality staff.
4
NRL scores new hotels deal
Footballers will be bunking down in top hotels during the footy season, given hotelier Accor has just re-signed its three-year agreement with the National Rugby League.
MARKET MOVERS
Former panel beater turned billionaire splashes $450m on ‘Australia’s best shopping centre’
Billionaire Sam Arnaout has expanded his pubs and hospitality empire, with a hefty pivot into retail on Sydney’s pricey North Shore. What will he do with it?
‘Don’t bet against America’: Cbus’ top stockpicker keeps faith
The new head of the $100bn construction-aligned industry fund major intends to keep deploying cash in the US.
Property tycoon beats crypto billionaire in battle for $200m tower
Melbourne’s office market is springing back to life as cashed-up players battle for position ahead of a recovery.
Billionaires in battle for Queensland casino
Two tourism entrepreneurs are competing to buy Cairns’ largest tourism assets in a deal valued at more than $200m.
✣ PRESTIGE PROPERTY
Packer sells his LA mansion in most expensive deal for Beverly Hills 2025
Australian billionaire James Packer has offloaded his Beverly Hills mansion for a season record price, but he still lost money on the deal.
Former Domino’s boss offloads LA mansion for $31m
Don Meij, who started his working life as a pizza delivery driver, has sold the vast Bel Air trophy home that he bought in 2021.
Byron hinterland homestead that marches to a different beat
Kristy and Hamish Rosser’s private Byron hinterland homestead is a little bit bohemian and very rock’n’roll. Which is apt for an indie band drummer’s family retreat.
COMMERCIAL PROPERTY
Mirvac locks in Japanese support for Sydney project
Feros family swoops on landmark pub for $37m
NEWSLETTERS
TODAY'S PAPER
MIND GAMES
THE AUSTRALIAN PLUS
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