Commercial Property Development News

Developers are tussling to take over a Kensington project fast-tracked to stimulate Victoria’s COVID-19 recovery.

A high density apartment tower is set to be built in this quiet southern Sydney suburb as developers circle a prime vacant block.

Australia’s islands offer the chance to combine a commercial income with a relaxing lifestyle, unencumbered by COVID-19 restrictions. Yet as with any property purchase, this unique lifestyle has its ups and downs. Here’s what potential buyers need to know.

The country’s largest residential developer, Stockland, says inquiries are running 40% ahead of normal as it rides the tide of low interest rates and government stimulus.

Property funds manager Charter Hall has flagged a shift towards developing new office towers and industrial parks as it shrugs off the coronavirus crisis with a wave of new projects.

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.

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.

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’.

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.