National private developer Novus has expanded its footprint in the burgeoning build-to-rent sector with the purchase of site in Melbourne which will be the home to 212 apartments with an end value of $250 million.
The number of multimillionaire property owners in Sydney is swelling.
Global property giant Lendlease has warned the challenging market conditions in Australia will impact its local housing development earnings due to the higher interest rates and timing delays of sales.
A first-time buyer from mainland China has made their first foray into the Australian property market,buying Pakenham’s Village Lakeside shopping centre.
Around Australia more and more office buildings have large vacancies,but Australia’s landlords aren’t budging on pricing or their plans to build even more skyscrapers.
Scientists have discovered that a green roof can keep temperatures cool and improve the ability of solar to produce power on the hottest days. A bio-solar green roof will be showcased on the first building in Bradfield city centre,south of Penrith,where temperatures have hit nearly 50 degrees.
Federal and state pandemic-era housing stimulus has been partly blamed for the collapse of residential builders such as Porter Davis.
Former Crown Resorts head Steve McCann has returned to more familiar stomping grounds,winning a seat on retail landlord Scentre’s board.
The booming build-to-rent sector will be a player in Sydney’s west,with two major projects worth a combined $900 million in the planning stages.
The global law firm will occupy up to 10,000 square metres at the new 39 Martin place skyscraper owned by Investa and Manulife Investment Management.
Sydney’s city skyline is enjoying a $100 billion-plus building boom,which has sparked a battle for the best upmarket amenities,rooftop bars,including the usual office spaces and luxury hotel rooms.