Commercial Property Development News

Australia’s property sector will return to ‘business as usual’ next year, with looming interest rate cuts and foreign investment likely to turn the sector’s fortunes around, property leaders say.   Property developer and investor activity …

While Australia’s youth may be fine with renting, alternative housing schemes such as build-to-rent and land leasing are needed, the Property Council says.

A passion project of former Lord Mayor Sally Capp on Melbourne’s Yarra River has received a national award, despite the possibility the proposed 4km-long promenade won’t go ahead.

The private developer has warned that capital is demanding extra returns for investing in Victoria, but is confident that the state will forge ahead if changes are made.

Warburg Pincus has committed $490m to MA Financial Group’s real estate credit vehicle that will back developers around the country.

Property developer Charles Mellick of Fortis has nabbed a controversial Double Bay site at auction for exactly the same price it sold for three years ago.

The company is making strides in building up a national operation at a time when industry conditions remain tough.

The private developer is backing a surge in immigration and economic activity in Melbourne’s west to drive demand for homes.

The property industry fears that housing targets will be missed unless governments move to slash tax burdens.