Latest Commercial Real Estate News

Investor eyes are on regional Victoria amid cooler Melbourne market conditions and following a Federal Budget tipped to boost towns and cities outside the state capital.

The listed CC Land Holdings, the Hong Kong-based firm controlled by Chinese property magnate Cheung Chung-kiu, has quietly emerged as one of the canniest investors in Australia’s most recent office property cycle.

The family behind one of Melbourne’s favourite coffee brands has made bank selling their property in the epicentre of Brighton’s cafe culture.

The love affair with real estate is ingrained into the Australian psyche. You can touch it, see it, drive past it and improve it. But with home prices falling, policy questions over tax incentives and less availability of credit, perhaps the love affair with residential property investment is over. So what does this mean for commercial real estate?

Every morning Chuck Clatterbuck takes the construction lift a minute and half up the face of Crown Resorts’ $2.1 billion casino, hotel and apartment tower taking shape on Sydney Harbour, and walks down floor by floor.

It pays to buy and hold onto neighbouring properties, as one patient Wantirna seller is about to find out.

Unit giant Meriton has joined the ranks of Sydney developers forging into Melbourne but its entry is taking a twist with the company planning to build a serviced apartment project rather than sell flats in the sluggish market.

It is one of the most ruggedly beautiful places on the Central Coast, spanning an entire peninsula and accessible by boat only.

The tourism industry has been angered by the $15 million pledged by the federal government over the four-year forward estimates, saying it is insufficient to help attract more international visitors.