Commercial Property Development News

The Federal Budget matters for the property industry, which accounts for 11.5% of GDP and $34 billion in state & federal taxes.

Don’t let the futuristic skyline and dazzling lights fool you; commercial property prices and rents peaked six years ago.

With its reputation as “the shaky isles” seemingly a distant memory, New Zealand’s commercial property is emerging as a bright spot in the global market. According to a report released by JLL, there were transactions …

The Victorian Government last week released its draft Planning Policy Framework and is giving the citizens of the state fewer than six weeks to digest the 129-page document and suggest tweaks. It’s a big task …

MOST of the cranes dotted across our capital cities are building homes – not offices. Red-hot demand for apartment living is responsible for 61% of the cranes we see today on our skylines.

For the eighth month in a row, the official cash rate has remained steady at 2.5%, after the Reserve Bank of Australia decided last week there were no compelling reasons to lift or decrease it. …

Outdated office towers are being transformed into stylish boutique hotels as investors take advantage of high office vacancy rates and a well-performing hotel sector. Office vacancy rates rose nationally from 10.1% in July 2013 to …

The Block is back on our screens and the contestants are turning an old commercial building into four luxury homes. The property is Dux House, a 1176sqm warehouse in Melbourne’s Albert Park that in previous …

The construction industry has been a big winner from the 20-year expansion of the two dominant football codes. Australia’s sporting calendar now hosts events as diverse as the kick-off of Major League Baseball and fast …