James Packer backs $110m Sydney unit play + The luxury home with a royal touch

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22 days ago

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EmailThis is what's moving in property this week.

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This award-winning property at 18 Judd Street in Brisbane's Gumdale was the most viewed listing nationally on Realestate.com.au last week.

NEWS

Voters mark down PM as a third forgo essentials for rent, mortgages

One in three Australians are going without essentials to pay for housing and 70 per cent have marked down Labor’s Homes for Australia plan, as the government scrambles to bring foreign tradies into the country.

States need to back events to drive business, says Accor boss

Accor Pacific chief operating officer Adrian Williams wants state governments to secure more major events to drive their economies, given the power they have to drive up hotel occupancies, and in turn room rates.

‘Cautious optimism’ for construction despite challenges

Builders facing labour shortages, challenges keeping staff, inflationary pressures and rising supply costs see a brighter 2025 ahead.

Cutting red tape key to solving housing woes

Australia must rethink policies which block supply and simplify zoning regulations. Find out which countries we could learn from.

MARKET MOVERS

Packer backs $110m Surry Hills property play

The billionaire has become a canny property investor in the emerging luxury apartment space.

Former Age newspaper building to be sold for $120m

The building’s changing fortunes show the tough times for the office market as the building finds a new life after the paper departed.

Charter Hall chases backer for $3bn luxury tower

The property funds manager is seeking a capital partner to develop a luxury apartment and hotel complex overlooking Sydney’s Hyde Park valued at as much as $3bn.

Brookfield snaps up Brisbane’s Hotel X

The hotel purchase shows confidence in the hospitality sector is rising, as interest in the Queensland capital surges ahead of the 2032 Olympic Games.

Goodman offloads Sydney infill portfolio for $87m

The sale shows that the industrial market in Sydney is firing with an active market for infill sites.

✣ PRESTIGE PROPERTY

Royal connection: dazzling design to drive $83m price at ‘pinnacle’

London-based Banda Property will design the interiors of a new apartment block in Sydney’s exclusive Darling Point.

Absolute oceanfront - with change from a million

This three-bedroom oceanfront sanctuary is set on 1058sqm with direct access to pristine beaches and walking trails. Aksing price, $990,000-plus.

COMMERCIAL PROPERTY

Icon builder you’ve never heard of - and how they’ve survived 140 years

ISPT snaps up centres

124 homes for River Torrens caravan park in major plan

Oceania swoops on Perth tower as RF Corval exits

China, India metals exporter acquires Sydney recycling company

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