Land sales edge to a new recent low as market nears bottom says RPM
The latest report from RPM Research & Data for Q4 2022 shows gross greenfield land sales across the Melbourne and Geelong growth corridors fell 24 per cent to 2,054, with the rolling 12-month average down 70 per cent to 14,567, Says Luke Kelly, RPM.
In the US, large companies currently own five per cent of residential rental properties “multi-family” assets
Multi-family in the US is the largest property investment type . A study by MetLife Investment Management has forecast that by 2030, this asset class will increase to 40 per cent. In Australia, “build-to-rent”, as we call “multi-family” is still in its infancy. With 84% owned by private...
RPM SEQ Property Research Report revealed SEQ buyers waiting 208 days after signing a contract to settle on residential lots
This is more than double the median of 96 days buyers had to wait in 2021 and more than three times the 67 days it took to settle land purchases in 2020. Despite record construction activity across the state, southeast Queensland is failing to keep up with demand for residential lots,” said...
GURNERTM & Qualitas add $2 billion of firepower and close second GQ build-to-rent fund
The GQ Multifamily Build-to-Rent platform (GQ) owned by multi-billion-dollar developer GURNERTM and ASX-listed leading Australian alternative real estate investment manager Qualitas, has been bolstered by another $2 billion of capital capacity after closing their second fund raising.
Developer focus on owner-occupied stock to further pressure rental market - Knight Frank Residential Developer Survey 2023
Knight Frank has released its Australian Residential Developer Survey 2023, which is the first of its kind. Knight Frank Partner, Head of Residential Erin van Tuil said more developers were opting for a balanced buyer pool or homes designed purely for an owner-occupier.
Lendlease among first in Australia to unlock fossil fuel-free construction
One of Australia’s first ever cranes to be powered by 100 per cent renewable diesel has recently taken to the sky on the NSW Government’s Powerhouse Parramatta project, marking a critical transition towards fossil fuel-free construction.
New PBSA Report Reveals Extent of Student Spending
The first-of-its-kind report produced by The Student Accommodation Council in partnership with Accenture, reveals the average PBSA student spends $4,400 per month not including tuition, while the average Australian spends $4,600, says The Student Accommodation Council’s Executive Director Torie...
Experts discuss green and gold decade for Olympic city
Ray White Commercial’s Between the Lines live webinar attracted more than 300 listeners this month as experts discussed south east Queensland’s green and gold decade
Australia’s construction costs continue to rise at record rates
CoreLogic Research Director Tim Lawless said while the rising cost of construction was not new, the persistent increase in construction costs would continue to have a big impact nationally. CoreLogic Construction Cost Estimation Manager, John Bennett, said the Cordell costings team were...
