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Bank of China eyes $80m office sale

The Bank of China has tapped real estate agents for advice on the sale of its former building in the Sydney CBD, with the York St asset tipped to sell for more than $80m.

Housing needs in full flight as migration rises

A lift in the migration cap, which could see thousands of additional people enter the country, will put additional pressure on Australia’s beleaguered residential rental market.

By MACKENZIE SCOTT, JOSEPH LAM

Flip to build-to-rent good on many levels

Build-to-rent projects are becoming increasingly attractive to developers and investors as younger generations shift away from house ownership.

Property in ‘tug of war’ over confidence

A tug of war of confidence has emerged in the property sector as negative expectations around the economy stand at odds with internal operations.

By MACKENZIE SCOTT

Lee family in private drive as industry surges

Malaysia’s Lee family are looking to seize control of their diversified hotel and resort group Mulpha and have lobbed a takeover bid for the global investment and development giant...

By BEN WILMOT, LISA ALLEN

Prime Melbourne offices on sale block

Melbourne’s office market has sparked up with major sales with both Mirvac and Dexus looking to unload key buildings.

Brisbane tower goes it alone with no Accor hotel

Hotelier Accor has put its plans for a Mövenpick Hotel in Brisbane on hold as it searches for a new site after decoupling from Keylin Group’s residential tower in Spring Hill.

By MACKENZIE SCOTT

Spanner in the works for cross-border tax grab

A string of states have joined forces to hobble a Queensland land tax plan that has been widely branded as inappropriate.

Price rout: House plunge ‘like the US during GFC’

Australia will be hit by a full retracement of any post-Covid price gains, Wall St bank Morgan Stanley says.

Asian investor’s $120m buy ends shopping centre sale ‘drought’

A foreign investor has defied fears of a slowing economy to purchase part of a suburban Sydney centre in a major deal which indicates there is life in the sector.