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REA Group boss calls time + Melbourne dismisses swathes of new office space
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EmailThis is what's moving in property this week.
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NEWS
1
Acres of new offices on offer, but Melbourne’s not interested
Near record highs of new office supply was added to Australia’s major cities in the last year, but Melbourne’s CBD vacancy rate continues to be a concern to the Property Council.
2
Adgemis pays up as pubs rise from ashes
Hospitality operation Linchpin is taking over several of Jon Adgemis’ former pubs, as the property player seeks to pay creditors and complete several big builds.
3
CBA opens up prefab mortgages in bid to fix housing crisis
Commonwealth Bank is the first major bank to ease lending guidelines around prefabricated housing in a bid to lift supply.
4
The decade ahead: Millennial spending, lifestyle shifts, suburban makeovers
We look into the decade ahead for the workforce, for consumers, for those seeking home ownership. Here’s everything you need to know.
5
Vested interests distort debate on super change
The Coalition has vowed that if it forms government this year it will allow people to access the so-called Australian Dream by taking up to $50,000 from their super fund for a deposit.
MARKET MOVERS
REA flags balanced property market as CEO calls time
Owen Wilson, the head of digital property giant REA, is set to depart, and he believes that the housing market is well-placed to perform this year.
Receivers appointed to $300m apartment project
Receivers have been appointed to one of the largest apartment developments in Sydney’s eastern suburbs, the $300m Nautique apartment block in Rushcutters Bay.
Property prices fall for second month
After several months of modest price falls, property experts are not expecting a housing market resurgence off the back of an interest rate cut.
Revealed: Fate of $20m KI golf course after tycoon pulls out
High-profile property magnate Ross Pelligra has pulled out of a $20m “destination” golf course project on Kangaroo Island. Here’s what the developer has to say about its future.
Cyclone-ravaged Whitsunday resort’s $40m resurrection closer
Developers of a $40m eco-resort on cyclone-ravaged Hook Island in the Whitsundays say construction will start this year.
✣ PRESTIGE PROPERTY
Take in this beachfront beauty with a $10m price tag
Imagine sitting in your front room and looking out to this view. At Mona Vale on Sydney’s Northern Beaches this absolute beachfront sanctuary captures the imagination.
Apartments plan for historic harbourside hotel
After years of delays the Sydney harbourside hotel Sir Stamford is expected to be redeveloped as entrepreneurs bet on the top end of the apartment market.
COMMERCIAL PROPERTY
Ford offloads historic Melbourne site set for $250m revamp
Agencies forecast a commercial property recovery
NEWSLETTERS
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