Commercial real estate
NAB branch quickly back on the market
Vicland developer Bill McNee is flipping the NAB branch on the corner of Toorak Road and Chapel Street, just weeks after he settled on the high-profile property.
- by Nicole Lindsay
Latest
BMA House brings a little bit of New York to Sydney’s CBD
Tourists and locals can look up at the building’s highly decorative exterior, and see everything from giant medieval knights to koalas on the top of the façade.
- by Stephen Crafti
Sydney city sandstone precinct to be transformed to tourism hub
Sydney’s heritage sandstone buildings precinct in the heart of the city is undergoing the final stage of redevelopment.
- by Carolyn Cummins
Sentinel gets green light for $225m Newcastle expansion
Sentinel Property Group is to develop a $225 million distribution hub in Newcastle to cater for the increasing demand for land with direct access to the expanded Port of Newcastle container terminal.
- by Carolyn Cummins
Mirvac inks $600m deal aimed at downsizing Baby Boomers
Property giant Mirvac will buy 27 land lease communities – where the home is owned but the land is rented – moving into the growing affordable housing market.
- by Carolyn Cummins
‘Perfect storm’: Paddling against the housing shortage tide
Rising construction and financing costs mean far fewer homes are being constructed than will be needed in Sydney and Melbourne, as the populations of our two biggest cities surges.
- by Nicole Lindsay
Trophy office and retail assets to test buyer’s appetite
Fund manager ISPT is offering up a portfolio of retail and office properties worth about $600 million across Sydney and Melbourne.
- by Carolyn Cummins
Queen Street office fetches best building rate in five years
A foreign owner-occupier has purchased a 126 square metre strata office on the corner of Queen and Flinders streets for $1.22 million.
Analysis
Property market
New apartments are on the way, but are there enough?
The high-rise apartment supply pipeline in key inner-city growth areas is not keeping up with demand and remains limited, with about 30,000 expected to be under construction across Sydney, Melbourne and Brisbane in 2024.
- by Stephen Miles
1880s Gothic church finds new creative use
The impressive Gothic-style Wesleyan church on the grounds of the Albert Park Primary School has been transformed into a new-look, multipurpose performance hub.
- by Stephen Crafti
Mount Martha pub changes hands for $15.7 million
Mornington Peninsula’s Dava Hotel fronting the Esplanade and the beach has been sold for more than $15.7 million.
- by Nicole Lindsay