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Rental vacancy stabilises + Triguboff: 'It's time to change approvals process'
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EmailThis is what's moving in property this week.
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NEWS
1
New minister urged to ‘reset housing agenda’
Newly appointed Housing Minister Clare O’Neil is being urged to ‘reset’ the government’s agenda on housing and bring together industry to canvas the best ways to unlock supply,
2
Pressure mounts on rental seekers
Rental properties in some suburbs are being snapped up in half the time they were last year as tenants continue to compete for the few homes available.
3
Influx of property investors stabilises rental market
The country’s rental market is benefiting from more property investors looking to take advantage of price growth, but inbound migration levels will have a role to play in vacancy rates.
4
Greens bank on state-owned lender
The Queensland Greens will push for the establishment of a state-owned bank to offer mortgage relief if the minor party can leverage a balance of power at the October state election.
5
The Agency Group dumps chief Geoff Lucas with immediate effect
Long rumoured within Sydney’s Eastern Suburbs, the exit came just three years after Geoff Lucas left rival McGrath, with the veteran property exec saying his next move is now up in the air.
MARKET MOVERS
Approvals process needs to change, and quickly: Triguboff
NSW’s planning department is happy to go to court and lose, as long as it tried to limit the production of units, writes Meriton managing director Harry Triguboff.
Stockland hits high note with Waterloo Estate win
The job will see the listed group forge back into developing apartments – at the expense of embattled rival Lendlease.
Pallas Group taps lenders as cash for developers dries up
Double Bay property player the Pallas Group is expected to announce a new wholesale financial lending facility from a major financier, rumoured to be US investment bank Goldman Sachs.
Developer exits North Sydney as office pressures rise
Chinese-backed Maville Bay is joining a growing list of companies getting out of Australia.
✣ PRESTIGE PROPERTY
It’s free to dream, right?
The Glasshouse, a Whitsundays entertainer with 180-degree views of the Coral Sea, is on the market - for a cool $20 million.
Meet the tycoon betting big on his Gold Coast penthouse project
Singapore property tycoon Ching Chiat Kwong, who made a fortune developing tiny units in Asia, is behind a $150m Sovereign Islands development offering 10 sprawling homes.
COMMERCIAL PROPERTY
Metricon bounces back after tough times for home builders
Abacus grabs bigger stake in iconic Myer building
High rise tower forges ahead at Macquarie Park
Region cautious on outlook after profit turnaround
NEWSLETTERS
TODAY'S PAPER
MIND GAMES
THE AUSTRALIAN PLUS
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