Commercial Property Development News

A huge property on the outskirts of the CBD, which is currently operating as a motel, is being offered to prospective buyers with the option of tapping into a lucrative development opportunity.

Prior to the COVID-19 pandemic Australia’s tourism sector had been growing, but the pandemic border closures have had a huge impact on the hotels being built in this sector. Many of these developments have been deferred and with no end on sight to border issues, developers are now looking to turn distressed hotel assets into apartment blocks.

A Midas servicing centre in Sydney’s south looks set to make way for a major apartment development after coming up for sale – and the buyer could go even bigger if they do one simple thing.

The $125m that developers paid for a Sydney hotel sounds expensive, but wait until you hear what the new apartments there are going to sell for.

A new food production hub in Western Australia has entered the second stage of construction as experts weigh in on its potential to help producers process food locally and expand their markets both domestically and overseas.

A veteran Gold Coast developer has offloaded a vacant block of land in Palm Beach for $2.4 million – almost double what he paid for the prized lot just three months ago.

Historic Lamb House, perched on the Kangaroo Point cliffs overlooking the Brisbane river and central business district, is set for major restoration works after selling to a well-known local couple.

A rare bowling club in Eastwood has sold for big money at a bumper auction, with over 30 parties registering to bid.

One of Australia’s premier horse trainers has put their Sydney home on the market, and as you’d expect it comes with some incredible stables.