New South Wales

Life sciences real estate is taking off across the country, with long-term investors betting the area will pay dividends.

The famed shopping centre family is now fishing for bargains in offices alongside the savvy Wentworth operation.

Global investment manager BGO has paid about $580m for a Sydney CBD office tower as it bets on the top end of the market.

Listed groups headed by Dexus, GPT and HMC Capital are leading the charge back into buying large shopping centres.

It’s hosted the likes of Princess Dianna, INXS rockstar Michael Hutchence and former US president Bill Clinton, but now the iconic hotel is set to make way for a new level of luxury, featuring some of the country’s finest apartments, a boutique hotel and shopping.

A plan to turn one of Australia’s most famous hotels into a ‘$1bn lifestyle destination’ includes plans to immortalise late icons Michael Hutchence and Princess Diana.

Bob Ell had ridden the dramatic rise in land values on the city’s outskirts.

The national boom in build-to-rent projects is finally gathering steam in Sydney with a huge precinct proposed for the inner west suburb of Marrickville.

A buyer has snatched a decommissioned electricity substation for twice the expected price at a heated auction – because of one attribute.