Commercial Property Development News

Commercial property development news and market insights.

Geelong landmarks snapped up as buyers see city’s prosperous future
News
Geelong landmarks snapped up as buyers see city’s prosperous future
The days appear numbered for the last remaining house on a Geelong CBD street after it sold as a development opportunity. Investors also pounced on a CBD office building at auction.
Colourful Burleigh Heads unit block for sale
News
Colourful Burleigh Heads unit block for sale
This block of units for sale at Burleigh Beach is ripe for development — and the real estate agent says they’d be perfect for backpackers.
Luxury mancave, she-shed sales surge off cashed-up ‘toy’ owners
News
Luxury mancave, she-shed sales surge off cashed-up ‘toy’ owners
Cashed-up Gold Coast apartment dwellers looking for somewhere to park the boat, helicopter, collector cars, jetskis and bikes are driving millions in sales of new-age luxury ‘mancaves’ and ‘she-sheds’.
Apartment builders are ‘kidding themselves’ if they start projects now
Investing
Apartment builders are ‘kidding themselves’ if they start projects now
Property magnate Tim Gurner says developers are “kidding themselves” if they try to launch apartment projects of 300 units or more in Sydney or Melbourne amid an exodus of Chinese buyers and a collapse in immigration caused by the COVID-19 pandemic.
Stockland sees lasting home sales boom beyond end of stimulus
News
Stockland sees lasting home sales boom beyond end of stimulus
Stockland, the nation’s largest residential developer, is seeing a lasting home sales surge that should push beyond the end of stimulus packages, but mortgage pressure is rising in some areas, according to credit agencies.
Developers give mansion market a push
News
Developers give mansion market a push
The boom in Melbourne’s mansion market has taken on a new life and could be further spurred by the latest entrant into the field: property developers. In one of the latest sales, Trenerry Property Group has swooped on the classic Poolman House in a transaction quietly brokered by Sean Cussell of Christie’s International Real Estate.
Neighbours join together for extra millions in Hawthorn East
News
Neighbours join together for extra millions in Hawthorn East
One of these homes has never sold, another for just $77K. They’re now playing the market for eight figures.
Daniel Grollo puts forward plan to pay out Grocon creditors
News
Daniel Grollo puts forward plan to pay out Grocon creditors
Daniel Grollo has handed the administrators of the collapsed Grocon empire a plan to pay out creditors, with its prospects to be decided this month.
A Centrelink office, waterfront pub and oceanfront homes attract interest
News
A Centrelink office, waterfront pub and oceanfront homes attract interest
A Centrelink office, waterfront pub and neighbouring oceanfront homes that may make way for apartments are among a diverse range of commercial properties featuring in this week’s most popular realcommercial.com.au listings.
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