Bunbury development site sold to Hong Kong based Oriental Property Group for $4.95 million - RWC WA & Elders
The 16,484sqm site at lot 76 Ocean Drive Bunbury sold by RWC WA agents Daniel Abisedon and Brett Wilkins, alongside Elders agent Mick Caddy, on behalf of a Sydney based property group.
Greystar Tops Out VIC’s Largest Build-to-Rent Development
Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of real estate, including rental housing, logistics and life sciences, has today announced the completion of structure on its $500 million residential project on Gladstone Street in...
Lendlease secures formal go-ahead for $1.7b project at Melbourne’s Queen Victoria Market
Formal approval of Lendlease’s Development Application for Gurrowa Place follows last week’s execution of contracts between Lendlease, student accommodation provider Scape, and the City of Melbourne for the major urban regeneration project which has an end development value of circa $1.7b.
Living’ now the preferred sector for institutional investors, says JLL
A new JLL Report has found that ‘Living’ sectors accounted for the largest share (27 per cent) of global transaction volumes in 2023, outpacing traditional commercial property sectors. Commentary from, JLL's Ronak Bhimjiani, Andrew Quillfeldt, Tommy Christian and Jack Bergin.
GURNER™ submits plans for $800m high-end building on iconic South Yarra gateway site
GURNER™ has this week submitted plans for circa 200 apartments over 19 levels, designed by Chicago-based, international architecture firm SOM, in what is the developer’s first collaboration with the architecture firm.
Luxury project The Centennial Collection breaking records as apartment living back in vogue
Developed by Stargate Property, The Centennial Collection is breaking records, with more than $100 million in apartments sold so far, marketed for sale by Ray White projects experts Marcello Bo and Eddie Mansour.
Fortis achieves planning approvals for $570 million worth of projects in Sydney and Melbourne
The Fortis projects include the second tower of the $320 million Wiltshire House in Richmond, an $80 million commercial building in Manly and a landmark $170 million precinct in Double Bay, in collaboration with Restoration Hardware (RH), that will bring the luxury lifestyle brand to Australia...
Retirement communities can shift dial in achieving housing targets
The Australian Government should include retirement communities as a key delivery component of achieving the Housing Australia Future Fund (HAFF) target to build 1.2 million new homes by 2029.
US based giant Sentinel's first Victorian BTR project unveiled
Sentinel Fund Manager Australia, the Australian arm of leading American development and real estate investment management firm Sentinel Real Estate has launched Melbourne’s latest Build to Rent development, The Briscoe by Kinleaf in West Melbourne.
More housing supply would render reforms redundant, says REIQ
REIQ CEO Antonia Mercorella said the problems the State Government keeps trying to solve through constant legislative reform, were symptoms of a market with dire supply levels, which continues to the elephant in the room.