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This is what's moving in property this week.
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NEWS
1
Policy disaster: Build fast or hit crisis on home front
A new home would have to be built every two minutes to accommodate current population growth and the immigration ­intake, according to industry analysis.
2
Shortfall likely as big home build starts
Housing industry experts expect have welcomed day one of the Albanese government’s plan to build 1.2m homes in the next five years but are anticipating a significant shortfall
3
Cost of living leads to spike in mortgage extensions
Mortgage holders are asking banks to push out the life of their home loan – saving money in the short term but building very big debts for the future.
4
Young adults facing a buy-or-try dilemma
Young adults face a particularly challenging decision, akin to a modern-day ‘Sophie’s Choice’ about whether to prioritise starting a family or securing their first home.
MARKET MOVERS
How will Lang Walker’s $6bn empire be carved up?
The late tycoon left behind one of Australia’s biggest private companies and new documents reveal how his wife, children, and two trusted directors will share the property behemoth’s assets.
ACCC concerned by Lendlease, Stockland estate sale
The competition regulator says the deal in its current form could create issues in three states.
Cashed-up owners close major Perth hotel for ‘rebranding’
The Hyatt Regency in Perth will close after 35 years at the behest of its Singapore owners, marking an end of an era in the city’s hotel industry.
✣ PRESTIGE PROPERTY
$30m penthouses: Gurner, Qualitas team for Jam Factory revamp
The developer is banking on turning the iconic Melbourne complex into New York-style apartments, luxury hotels, cinemas and high-end shopping.
Snowfalls and $9m lodge sale lift alpine spirits
The recent $9m sale of Thredbo’s priciest accommodation, Sastrugi Lodge, has added impetus to the alpine area’s real estate holdings given recent snowfalls and freezing temperatures.
COMMERCIAL PROPERTY
Property sector urges independent review
IP Generation inks $315m deal for Stockland Glendale
Student accommodation expansion ‘hampered by taxes’
$250m deal makes this Brisbane’s top tower
 
 
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