Negative gearing chatter reignites following Albanese's $4.3m purchase + Developer's $1.45bn build-to-rent investment

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EmailThis is what's moving in property this week.

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"Cranlana" at 62 Clendon Road, Toorak, was the most viewed listing nationally on Realestate.com.au last week.

NEWS

Labor MPs renew negative gearing push after PM’s $4.3m house splash

Labor MPs want negative gearing reform to be put back on the table in the wake of revelations Anthony Albanese purchased a $4.3m home, threatening a pre-election schism between the PM and Jim Chalmers over housing tax policies.

Buying into trouble: Albanese’s political judgment on a cliff edge

Anthony Albanese has been forced to deny he is contemplating life after politics just months before an election campaign, after paying $4.3m for a clifftop house on the NSW central coast where he will live with future wife Jodie Haydon.

Construction costs pick up pace and hit housing plan

The federal government wants to address the housing crisis with the construction of more than a million homes but its key plan won’t be made easy by data showing building costs are rising.

Businesses’ late bill payments at their worst since Covid

Late payments by businesses are at their highest level since the depths of Covid-19, and it’s the hospitality and construction sectors faring worst.

Building tomorrow: How Australia can thrive as global population explodes

The global population could soar to 11 billion by 2100, bringing enormous opportunities for Australia’s resources and skills, writes Bernard Salt.

MARKET MOVERS

Coronation planning build-to-rent projects

Coronation has earmarked plans for two new major mixed-use precincts comprising 750 build-to-rent apartments and a combined end value of $1.45bn.

Pub group faces $24m insolvent trading claim

Administrators have recommended creditors vote to wind up parts of Jon Adgemis’s pubs business despite an attempt to lodge a rescue plan.

Tower trades: Gateway office deals signal comeback

The run of big-ticket office sales shows that the best buildings are trading, and bargains may be drying up in the country’s largest market.

British-backed Merlin selling down regional Aussie assets

Two much loved family holiday destinations are on the block, with the Otway Fly in Victoria and Illawarra Fly in NSW now on the sales block.

✣ PRESTIGE PROPERTY

Albanese bagged a property bargain, says star agent John McGrath

The boss of the real estate agency which sold the PM’s new $4.3m clifftop mansion says he nabbed a bargain price compared with what he would have paid for a similar property in Sydney’s trophy markets.

This TV presenter’s dream home renovation brings global travel chic

A transformational home makeover with plenty of handy design tips.

Boutique development at Darling Point will tick all the boxes

The developers behind a boutique apartment project in Sydney’s exclusive Darling Point are holding fire on price guidelines ahead of its launch in February.

COMMERCIAL PROPERTY

$500m deal: Warburg Pincus stakes claim in private credit

Logistics rents hit by e-commerce slowdown

Cosgrove buys shopping hub as property legacy shines

Centuria buys NSW central coast mall in $34.85m deal

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