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Packer connection to Crown's $80m penthouse sale + Why now is a "great time" to build Olympics venues

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Kategorien: Medien | News | Zeitung | TV | Radio | Social Media | bner ist Nachrichten Alter: 19 - 30 Jahr 31 - 64 Jahre 65 Jahre und älter

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EmailThis is what's moving in property this week.

To view this email as a web page, go here.

The linked hidden escapes at 67 & 75 Grooms Hill Road, Koonya, were the most viewed residential listing in Tasmania on Realestate.com.au last week.

NEWS

1

‘Great time’ to build smaller Games venues

Construction on smaller venues for the Brisbane 2032 Olympic Games should begin as soon as possible to take advantage of gaps in the infrastructure pipeline, a leading industry figure says.

2

Median stamp duty bill a record $31,210 (and $160k in NSW for foreigners)

The stamp duty burden has hit a record high and taxing foreign investment is only worsening the crisis, developers say. The average stamp duty bill on a median-priced home has now reached $31,210 nationally, a 55 per cent increase since 2019.

3

Unit investors flooding market to sell

Property investors with units in key areas of Melbourne and Sydney are selling for a loss, with some areas the worst since the deep recession of the 1990s.

4

The rise of solo ‘sports’ shows how Aussie leisure is changing

Forget cricket or golf. The most popular participatory sport in Australia is now walking. Although, the rise of pickleball might give it a run for its money.

MARKET MOVERS

Who bought Crown penthouse? Trail leads to Packer company boss

James Packer’s right hand man Lawrence Myers is the talk of luxury real estate circles as the favoured buyer of Sydney’s best apartment, joining the tycoon in the prestige building with his even pricier purchase.

Lowy firm wins US backing for big ticket Melbourne shopping centre buy

Retail property is coming back in a big way and the most famed investors in the sector are leading the charge.

Property developer GemLife to float on ASX after raising $750m

The IPO breaks the drought of major raisings in the property sector and shows that demand is strong for housing stocks.

Life science property sector in good health

The biggest listed and private developers are staking their claim in life sciences and medical property, even as parts of the sector struggle.

✣ PRESTIGE PROPERTY

Famous Snowy Mountains resort in new hands

Bangkok-based Minor Hotels has scooped up the famous Lake Crackenback Resort & Spa in a deal due to settle later this month.

COMMERCIAL PROPERTY

Gateway on hunt for assets with new fund

Investors eye $300m slice of western suburbs retail gem

Keppel eyes university campus buy

Pro-invest strikes build-to-rent JV with Kajima as affordability fix flies

NEWSLETTERS TODAY'S PAPER MIND GAMES THE AUSTRALIAN PLUS

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Manage your newsletter preferences or unsubscribe from this newsletter. Sent by The Australian, GPO Box 4245, Sydney, NSW, 2001 Australia.

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