Industrial property owners will likely be the standout performers in the reporting season which kicks off in earnest next week for the Australian real estate investment trust sector.
Australia’s largest privately-owned container logistics operator says rampant warehouse demand across the country is a sign of retailers building up inventory to deal with shipping issues and COVID delays.
Stockland,the country’s biggest residential developer,has signalled a slowdown in housing sales growth in the coming month as buyers remain cautious about higher interest rates.
The upcoming profit reporting season for listed real estate income trusts (REITs) is shaping up as a test of how the sector will cope if the economy slows as expected.
Sydney’s north shore office market is roaring back to life with the green light given to private developers Third.i for a $650 million skyscraper known as Warada on Walker,being built with joint venture partner Toohey Miller.
Welcome to the 2022 property market,where a narrow plot of land in Queensland’s Sunshine Coast region is for sale for $400,000 with a footpath running down its centre.
Property giant Stockland has delivered a first-half profit of $850 million thanks to more than half a billion dollars in gains from revaluing its shopping centres,and announced a $987 million deal to sell its retirement villages.
The launch of property giant Stockland’s $2 billion-plus data centre precinct in Sydney’s north-west is a reflection of how this infrastructure IT sector has gained significant interest from real estate investors.
A quarter of retail tenants in the $11 billion property developer’s town centres are struggling to pay their rent as state lockdowns extract a heavy toll.
Booming demand for warehouses and logistic hubs together with a spike in housing settlements has propelled property giant Stockland to a $1.1 billion statutory profit for the pandemic-hit 2021 financial year.
Stockland plans to deliver more than 3000 lots in its burgeoning land lease division,which offers affordable manufactured homes for the retirement sector.