Business News

Australian office users are pouring millions of dollars down the drain each year by keeping their air conditioning set at 1950s levels, an expert says.

Negative interest rates have property investors facing a counter-intuitive quirk: their borrowing costs can actually rise as interest rates fall. This article originally appeared on theaustralian.com.au/property.

An extensive and ongoing refurbishment program at a Park Rd office block in Brisbane’s prime fringe market in Milton has netted a long-term lease from one of world’s leading energy sector operators.

A surge in investor interest and shrinking yields are the catalysts for a spate of petrol stations hitting the market across Australia, agents say.

Large format retail is coming to Perth Airport, with Vicinity Centres to develop a Direct Factory Outlets complex on airport land.

The demise of Australia’s car manufacturing industry will leave a vast hole in its industrial property landscape that the market is scrambling to fill.

Victorian planners vowing to preserve Melbourne icons including the Hoddle Grid and the Bourke Hill heritage precinct have released planning controls for public consultation. This article originally appeared on theaustralian.com.au/property.

Retirement group Aveo is understood to be in talks with REST ­Industry Super as it chases long-held plans to gain a 100% stake in the unlisted retirement group RVG. This article originally appeared on theaustralian.com/property.

Shimao Group, controlled by billionaire Hui Wing Mao, is scouring Australia for more property investments after revealing it was an early bidder for the Kidman cattle empire. This article originally appeared on theaustralian.com.au/property.