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Housing recovery hinges on rates: Stockland + Inside Gurner's luxe health club
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6 months ago
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EmailThis is what's moving in property this week.
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NEWS
1
Housing market recovery hinges on interest rate outlook, Stockland says
Moves made by the Reserve Bank will influence how fast sales come back, and the country’s largest residential developer called out one state’s performance as lagging.
2
Property market buoyed by rates outlook as conditions stabilise
Property portal Domain’s profit growth narrowly missed expectations as it the market is stabilising for the first time in several years.
3
Patient Westfield considers options
Scentre Group, the owner of the shopping centre empire, has beefed up security and says that shoppers are spending in complexes despite the tough environment.
4
‘Ageing challenge’: navigating demographic shifts; economic impacts
The global ageing trend, fuelled by declining birthrates and increasing life expectancy, presents significant challenges and opportunities that demand urgent attention, writes Hari Hara Priya Kannan.
5
Lendlease falls to $1.5bn loss amid costly international exit
The embattled listed property developer is winning local jobs, but still faces a tough task getting capital back to Australia from its offshore unit.
6
Dexus falls to $1.58b loss as office towers weigh
The office group is making a move from being a landlord into more active businesses and will cut its distribution as it invests in new sectors.
MARKET MOVERS
Arada launches into Australia with $2.5bn housing foray
The Middle Eastern developer is looking to bring its smarts into the market Down Under – and one of its main advantages is a homegrown chief executive.
The quiet rise of a property billionaire
Nick DiMauro has emerged as one of Australia’s richest property magnates. This is his rags-to-riches story and why he wants other migrants to be given a chance.
Liquidator’s sale breathes life into riverfront site
A prime Brisbane riverfront mega site that had been earmarked for a four-apartment tower urban village has sold, with its new owners commenting on plans for the site.
Adelaide property giant targets shopping centres in new move
Adelaide property identity Ross Makris is looking to capitalise on the shopping centre sell off via a new fund backed by local and overseas investors.
Future Fund checks out of Perth mall as Vicinity makes big play
The deal shows the strength of demand for assets at the top end of the retail market but also locks in a big pricing reset.
Realestate.com.au takes on renovation market with AI tool
What would happen if you painted that room white or tiled your bathroom? Now you can find out with the help of artificial intelligence.
✣ PRESTIGE PROPERTY
Inside Saint Haven: the controversial club promising eternal youth
It’s dedicated to providing its members with the very best in wellness, ensuring that their investment in health yields extraordinary returns. But how much would you pay for access to this utopian wellness centre?
You could be king of this castle
Italianate “Burnham Castle”, built in 1887, casts a commanding presence on Sydney’s Lower North Shore. Price: $18 million.
Agents at odds over value of veteran banker’s penthouse
Former Macquarie banker Edward Jewell-Tait is caught in a polite war of words between estate agents after selling his Bellevue Hill penthouse on its second marketing campaign.
COMMERCIAL PROPERTY
Charter Hall surprises as cycle gets into gear
REA exits SE-Asian property portal in $US1.1bn deal
Aware targets next generation logistics
GPT turns to investment management despite hit from sliding offices
Hawaiian goes shopping for QIC’s Claremont Quarter stake
NEWSLETTERS
TODAY'S PAPER
MIND GAMES
THE AUSTRALIAN PLUS
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