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The $1.5bn housing project in Albo’s backyard + Property tycoon warns on Victoria' s 'sovereign risk'
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EmailThis is what's moving in property this week.
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NEWS
1
Fife Capital snaps up industrial site
The group is buying into one of the country’s hottest industrial precincts as the south Sydney area takes off.
2
The $1.5bn housing project in Albo’s backyard
The national boom in build-to-rent projects is finally gathering steam in Sydney with a huge precinct proposed for the inner west suburb of Marrickville.
3
Domain boss Pellegrino exits as Nine faces shake up
Investors were shaken as Jason Pellegrino flagged his exit from Domain after six years running the company, and Nine is keen to turn its property offshoot around.
4
New vision for Globe Derby Park amid land sell-off
The SA Harness Racing Club has unveiled sweeping plans to redevelop Globe Derby Park, including a $55m land sale aimed at securing the racecourse’s financial future.
5
Property tycoon warns on Victoria's 'sovereign risk'
The private developer has warned that capital is demanding extra returns for investing in Victoria, but is confident that the state will forge ahead if changes are made.
MARKET MOVERS
Tropical island property on market for less than average suburban home
A two-storey home on a Queensland tropical island that counts Justin Hemmes as a neighbour is back on the market with its price slashed to $600,000.
Aristocratic Vesteys selling out of prestige Adelaide Hills winery
The aristocratic Vestey family, once the second richest in the UK after the royal family, is selling its Australian wine interests including a leading Adelaide Hills winery.
Plotting past prime ministerial purchases
Anthony Albanese and fiancee Jodie Haydon’s $4.3m purchase has copped some heat but history shows the PM is far from the first in the nation’s top office to spend big on property.
Adelaide rich lister buys ‘icon’ suburban mall
Rich lister Nick DiMauro has added another mall to his growing retail portfolio, paying $128m for one of Adelaide’s largest suburban shopping centres.
✣ PRESTIGE PROPERTY
EVT checks in for hospitality expansion amid tourism surge
The hospitality heavyweight wants to make running and owning hotels a priority in coming years, as they offer higher returns than cinemas and ski resorts.
Buyers are spoilt for choice in this beachside Sydney suburb
A healthy line-up of luxe listings hits the market ready for the spring selling season as buyers look to lock in holiday homes for summer.
Blue-chip suburbs hit new milestones in thriving real estate market
In these neighbourhoods, median house prices have surpassed the $2m and $3m marks. It’s an impressive upward trend for Australia.
COMMERCIAL PROPERTY
ISPT finds a suitor on Cranbourne Park stake
Mirvac sees housing comeback as govt stimulus drives market
Billionaire offloads Sydney industrial site
Drop bank rules that make it impossible to borrow
NEWSLETTERS
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