Australian Property Journal

20/12/2024

OPINION: WE came into 2024 expecting an inflection point in the commercial real estate sector following two years of declines in the face of rising interest rates. This thesis seems to be playing out.

OPINION: WE came into 2024 expecting an inflection point in the commercial real estate sector following two years of declines in the face of rising interest rates. This thesis seems to be playing o…

20/12/2024

OPINION: BUILDERS hate red tape & regulation, but more is inevitable.

OPINION: BUILDERS hate red tape & regulation, but more is inevitable. However, over the past two decades we have witnessed the decline of the national building industry and as a result we see t…

20/12/2024

LIVING Gems has lodged a development application for a new 292-home lifestyle community in Townsville’s west, which could become one of the city’s first land lease developments since the 1970s.

LIVING Gems has lodged a development application for a new 292-home lifestyle community in Townsville’s west, which could become one of the city’s first land lease developments since the 1970s. The…

20/12/2024

GOLD miner Westgold Resources has signed a long-term lease in Maddington in Perth’s southeast.

GOLD miner Westgold Resources has signed a long-term lease in Maddington in Perth’s southeast. Westgold has leased 8,755 sqm of space for a distribution and warehouse at 146 Maddington Road Madding…

20/12/2024

GOLDFIELDS is backing the Brisbane commercial property market, lodging a development application for an A-Grade office building in Brisbane’s James Street precinct.

GOLDFIELDS is backing the Brisbane commercial property market, lodging a development application for an A-Grade office building in Brisbane’s James Street precinct. Injecting around 16,000sqm of ne…

20/12/2024

WHILE Sydney remains the top market for flexible office space in the Asia Pacific, both Melbourne and the NSW capital have experienced a significant slowdown over 2024.

WHILE Sydney remains the top market for flexible office space in the Asia Pacific, both Melbourne and the NSW capital have experienced a significant slowdown over 2024. According to the latest anal…

20/12/2024

THE Albanese government will exercise “go-slow” instructions on international student visa processing once universities near their applications benchmarks, according to reports, as it tries to find a workaround for its failure to legislate a cap on numbers with the issue looming as a housing policy play in an election year.

THE Albanese government will exercise “go-slow” instructions on international student visa processing once universities near their applications benchmarks, according to reports, as it tries to find…

20/12/2024

APJ'S daily wrap up of social infrastructure, development site and commercial property investment sales, as well as leasing transactions across Australia.

APJ'S daily wrap up of social infrastructure, development site and commercial property investment sales, as well as leasing transactions across Australia. Feature your deals in the daily wrap, subm…

20/12/2024

FORMER Dexus CEO Darren Steinberg has been appointed as the inaugural chair of IFM Investors’ new Real Estate Investment Committee.

FORMER Dexus CEO Darren Steinberg has been appointed as the inaugural chair of IFM Investors’ new Real Estate Investment Committee. Steinberg will bring more than 30 years of experience across prop…

20/12/2024

ARENA REIT is expecting a $7 million value increase for the HY2025, as the group closes out the year with the acquisition of a key worker accommodation site in Bendigo, VIC.

ARENA REIT is expecting a $7 million value increase for the HY2025, as the group closes out the year with the acquisition of a key worker accommodation site in Bendigo, VIC. Arena’s net revaluation…

20/12/2024

THE nation’s most indebted state has announced its new Treasurer, while the Housing portfolio will be rolled into a “super ministry” that will take charge the Victorian government declares as the “nation’s biggest housing project”.

THE nation’s most indebted state has announced its new Treasurer, while the Housing portfolio will be rolled into a “super ministry” that will take charge the Victorian government declares as the “…

20/12/2024

HOUSING All Australians (HAA), a for-purpose organisation helping mobilise private sector resources to address Australia's housing crisis, has announced Nightingale chief executive Dan McKenna as its own inaugural CEO.

HOUSING All Australians (HAA), a for-purpose organisation helping mobilise private sector resources to address Australia's housing crisis, has announced Nightingale chief executive Dan McKenna as i…

20/12/2024

MELBOURNE has seen its largest home transaction of 2024 in the week leading up to the summer break, with a Toorak mansion fetching around $70 million – marking another major house sale below or at the bottom of price guidance in the blue-ribbon locale.

20/12/2024

MORE than 150 industry suppliers and contractors have taken part in a property industry golf day which raised $120,000 for the Property Industry Foundation and mental health charity Mates in Construction.

MORE than 150 industry suppliers and contractors have taken part in a property industry golf day which raised $120,000 for the Property Industry Foundation and mental health charity Mates in Constr…

20/12/2024

WESTERN Australia’s Cook government has expanded a grant scheme that now allows first home buyers access to $2,000 for purchases of up to $500,000.

WESTERN Australia’s Cook government has expanded a grant scheme that now allows first home buyers access to $2,000 for purchases of up to $500,000. The Homer Buyers Assistance Account (HBAA), admin…

19/12/2024

CHINESE-backed Melbourne-based property developer APH Holding has gone into administration, putting in doubt billions of dollars worth highly ambitious of projects, in the biggest collapse since Caydon and closing the year with a stark reminder of the continued challenges faced by the industry.

CHINESE-backed Melbourne-based property developer APH Holding has gone into administration, putting in doubt billions of dollars worth highly ambitious of projects, in the biggest collapse since Ca…

19/12/2024

MACQUARIE is seizing on strong tailwinds in Australia’s market by investing in Melbourne-based specialist IDA.

MACQUARIE is seizing on strong tailwinds in Australia’s real estate private credit market by investing in Melbourne-based specialist IDA. Macquarie Real Estate Partners’ investment will provide add…

19/12/2024

OFFICE revaluations are continuing to wash out through the sector, but the magnitude of losses is shrinking – with Australia’s biggest owner of white collar workplaces Dexus taking a relatively modest 3.2% haircut in over the past six months.

OFFICE revaluations are continuing to wash out through the sector, but the magnitude of losses is shrinking – with Australia’s biggest owner of white collar workplaces Dexus taking a relatively mod…