Co-working spaces and retail here to stay, say property analysts

Co-working spaces and retail here to stay, say property analysts

The future of Australia's property market looks bright with co-working spaces here to stay and retail set to change dramatically according to analysts. CBRE's annual Australian Market Outlook conference held last week revealed optimism about the future of Australia's property market. One of the key outtakes at the event sh...

Read More...
Southport to receive lavish $550m entertainment precinct

Southport to receive lavish $550m entertainment precinct

A $550 million retail, dining, entertainment and residential precinct is set to transform Southport on the Gold Coast. Dubbed the 'Queen Street Village', construction is due to commence following the Commonwealth Games in April. The precinct will be built on a 3.2 hectare site bound by Queen, Nerang and Little High streets in ...

Read More...
Eureka Group acquires Tasmanian assets for $18 million

Eureka Group acquires Tasmanian assets for $18 million

Eureka Group Holdings (ASX: EGH) has acquired five rental villages throughout Tasmania in a joint venture deal with a group of private investors. The Gold Coast-based retirement village operator acquired the seniors' rental assets in Hobart, Launceston and Devonport from Ingenia for a total of $18 million. The acquisition adds 254...

Read More...
The Darling to officially open ahead of the Gold Coast Commonwealth Games

The Darling to officially open ahead of the Gold Coast Commonwealth Games

After three years of construction, a date has finally been announced for the opening of The Star Gold Coast's new hotel, The Darling, which will open its doors on March 22 ahead of the Commonwealth Games. Located at the front of the Broadbeach Island property, the new 17-storey hotel forms the centrepiece of The Star Gold Coast's ...

Read More...
Sunshine Coast shopping centre snapped up for $12.85 million

Sunshine Coast shopping centre snapped up for $12.85 million

A popular shopping centre in the Sunshine Coast has been bought for $12.85 million by Brisbane based private equity firm Altor Capital. The shopping centre, Cooloola Cove Shopping Centre, is a Woolworths anchored neighbourhood shopping centre located in the Cooloola region north of the Sunshine Coast. The centre is nearby the largest ...

Read More...
Joint venture success buoys Villa World profit

Joint venture success buoys Villa World profit

Villa World (ASX: VLW) is on track to deliver its full-year forecast profit growth as the company today announced a $17.3 million statutory profit after tax. The property developer upgraded its guidance range to $17-18 million in December following a new joint venture project at Wollert in Victoria has since contributed $5.2 million net p...

Read More...
Changes to Australian property market means investors need to 'get smart' to make gains

Changes to Australian property market means investors need to 'get smart' to make gains

Far-reaching changes in Australia's property markets are set to bring an imminent end to a long run of extraordinary returns, requiring investors to become savvier and more sophisticated in choosing where to place their money to capture the best returns, new analysis from BIS Oxford Economics shows. After five years where investors ha...

Read More...
Gold Coast office vacancy declines on market demand

Gold Coast office vacancy declines on market demand

Healthy demand for office space on the Gold Coast has seen vacancy rates fall over the final half of 2017.

The Property Council of Australia's latest Office Market Report, released today, shows that over the last six months of 2017, Gold Coast office vacancy fell from 11.3 to 10.6 per cent off the back of positive market demand and buildi...

Read More...
VILLA WORLD JOINS FORCES WITH SINGAPORE DEVELOPER ON MELBOURNE PROJECT

VILLA WORLD JOINS FORCES WITH SINGAPORE DEVELOPER ON MELBOURNE PROJECT

GOLD COAST-based property developer Villa World (ASX: VLW) has announced a joint venture agreement with Singapore's Ho Bee land that will deliver 285 homes sites north of Melbourne's CBD. The joint venture relates to Villaworld's two previously contracted land sites in the suburb of Wollert, comprising 16 hectares adjacent to ...

Read More...
ACCLAIMED RESTAURANT AND ENTERTAINMENT DUO ENLISTED TO THE STAR'S NEW ROOFTOP VENUE

ACCLAIMED RESTAURANT AND ENTERTAINMENT DUO ENLISTED TO THE STAR'S NEW ROOFTOP VENUE

THE Star Gold Coast's new tower The Darling, which is nearing completion, has enlisted high profile Gold Coast identities Simon Gloftis (pictured right) and Billy Cross (pictured left) for its new rooftop restaurant and bar. Acclaimed restaurateur Gloftis and entertainment guru Cross will co-manage the venue, bringing a wealth of home...

Read More...
CITIMARK DEFIES THE MARKET, SECURES $200 MILLION TO FUND NEW TOWER

CITIMARK DEFIES THE MARKET, SECURES $200 MILLION TO FUND NEW TOWER

BRISBANE-based Citimark Properties has secured $200 million in funding to add a new gem to the Surfers Paradise skyline. Construction on the 46-level 210 apartment Markwell Residences is due to begin in the new year, and in a remarkable twist, Citimark managing director Angus Johnson revealed that for the first time in Citimark's hist...

Read More...
VILLA WORLD LAUNCHES ITS BIGGEST QUEENSLAND PROJECT

VILLA WORLD LAUNCHES ITS BIGGEST QUEENSLAND PROJECT

NATIONAL residential developer Villa World has unveiled its largest Queensland project to date with the launch of the 1502-lot Covella masterplanned community at Greenbank in Logan City, near Brisbane.

Developed as a joint venture with Ron and Tony Perich's Greenfields Development Corporation, Covella will rise on a 153-hectare semi-rural...

Read More...
BRISBANE SHOPPING CENTRE SALE BREAKS QUEENSLAND RECORD

BRISBANE SHOPPING CENTRE SALE BREAKS QUEENSLAND RECORD

A SHOPPING centre in the Brisbane suburb of Warner has been sold for $78.35 million in the largest neighbourhood shopping centre deal ever recorded in Queensland.

MarketPlace Warner has been sold to an AMP Capital-managed private client mandate as part of the deal which was negotiated by JLL's Jacob Swan and Sam Hatcher.

Th...

Read More...
WESTFIELD COOMERA $470M SHOPPING COMPLEX SET TO OPEN IN 2018

WESTFIELD COOMERA $470M SHOPPING COMPLEX SET TO OPEN IN 2018

CONSTRUCTION of the $470 million Westfield Coomera development is underway on the northern Gold Coast with the massive shopping centre expected to open in late 2018.

Retail landlord Scentre Group (ASX: SCG) and co-owner QIC Global Real Estate have begun work on the development which will feature 140 speciality stores in the area includin...

Read More...
GOLD COAST BUILDING INDUSTRY SET FOR 'MAJOR SHAKEUP', INSOLVENCY FIRM SAYS

GOLD COAST BUILDING INDUSTRY SET FOR 'MAJOR SHAKEUP', INSOLVENCY FIRM SAYS

MORE than 84 Gold Coast construction businesses are at high risk of insolvency with more than 3.7 per cent of the total industry facing financial failure within 12 months, according to new data by a specialist accounting firm.

SV Partners, which specialises in insolvencies, says the Gold Coast construction industry could be in for a majo...

Read More...
ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

AS THE Australian population continues to grow, analysts are predicting what the country is likely to look like within the century. Research conducted by IKEA Australia in its People & Planet Positive Report shows that the headcount is likely to reach 70 million in the next hundred years, but only a fraction of the current population ...

Read More...
RESIDENTIAL COLLAPSE TO LEAD SHARP BUILDING MARKET DECLINE, BIS SAYS

RESIDENTIAL COLLAPSE TO LEAD SHARP BUILDING MARKET DECLINE, BIS SAYS

THE Australian building market is set to decline by 17 per cent over the next three years led by a collapse in residential starts, according to BIS Oxford Economics.

National building commencements peaked in 2015/16 at $107.3 billion, up by 22 per cent in real terms from the end of the resources investment boom in 2012-13, but is expected...

Read More...
SKYCITY INJECTS $330 MILLION INTO FESTIVAL PLAZA REDEVELOPMENT

SKYCITY INJECTS $330 MILLION INTO FESTIVAL PLAZA REDEVELOPMENT

THE long-neglected and much maligned Festival Plaza in Adelaide has received a hero in the form of long-time neighbour: SkyCity. SkyCity Entertainment today announced it will commit to a $330 million expansion of the Adelaide Casino, revamping the Festival Plaza precinct. The expansion will include a boutique hotel, signature restaura...

Read More...
SCA PROPERTY GROUP BUYS THIRD GOLD COAST SHOPPING CENTRE FOR $46 MILLION

SCA PROPERTY GROUP BUYS THIRD GOLD COAST SHOPPING CENTRE FOR $46 MILLION

SCA Property Group has acquired the Worongary Town Centre for $46.3 million, bringing the total number of Gold Coast centres owned by the group to three. The sale, brokered by Peter Tyson and Jon Tyson of Savills, reflected a yield of six per cent and generated over 200 buyer enquiries. Featuring 42 retail, medical and office tenancie...

Read More...
VILLA WORLD SNAPS UP GOLD COAST LAND FOR $300M RESIDENTIAL DEVELOPMENT

VILLA WORLD SNAPS UP GOLD COAST LAND FOR $300M RESIDENTIAL DEVELOPMENT

RESIDENTIAL developer Villa World (ASX: VLW) has secured one of the last remaining parcels of Central Gold Coast land for $300 million with plans to build a 400-house development.

The Arundel Springs community is the largest residential development the group has undertaken on the Gold Coast and taps into a growing demand for more homes in the...

Read More...
ICONIC GOLD COAST NEIGHBOURHOOD SHOPPING CENTRE CHANGES HANDS

ICONIC GOLD COAST NEIGHBOURHOOD SHOPPING CENTRE CHANGES HANDS

MUDGEERABA Market, one of the Gold Coast's favourite suburban shopping centres, has changed hands for $35.8 million following a heated sales campaign which attracted attention from offshore buyers.

Although contested by numerous private investors from Asia, Sydney-based SCA Property Group ended up winning the sale at an estimated ble...

Read More...
ASF UNVEILS THE CHERRY ON TOP OF ITS INTEGRATED RESORT DEVELOPMENT

ASF UNVEILS THE CHERRY ON TOP OF ITS INTEGRATED RESORT DEVELOPMENT

ASF Consortium has revealed the newest addition to its $3 billion Gold Coast integrated resort (GCIR) project, a 6,000sqm beach club in the heart of The Spit.

The open-plan venue, inspired by beach clubs in holiday destinations including Florida, Thailand, Dubai and Indonesia, will be able to cater for more than 3,000 guests across a var...

Read More...
VILLA WORLD TAPS MARKET IN $80m CAPITAL RAISING TO RAMP UP GROWTH

VILLA WORLD TAPS MARKET IN $80m CAPITAL RAISING TO RAMP UP GROWTH

Residential property developer Villa World (ASX: VWL) is ramping up its growth strategy on Australia's east coast "hot spots" with an $80 million capital raising venture.

The Gold Coast-based company, which develops and sells residential land and buildings mostly in Queensland, NSW and Victoria, is looking to grow its inven...

Read More...
CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINESE coin continues to dominate Australia's offshore real estate investment market, accounting for almost half of the total capital transacted during 2016. Last year around US$28.2 billion flowed in from Chinese investors who were seeking a slice of Aussie property, often in the form of Melbourne and Sydney's CBD office assets....

Read More...
VILLA WORLD ADDS CLYDE LAND TO VICTORIA DEVELOPMENT PIPELINE

VILLA WORLD ADDS CLYDE LAND TO VICTORIA DEVELOPMENT PIPELINE

HOUSING developer Villa World (ASX:VLW) has bought a 42 hectare site at Clyde, south east of Melbourne, for $33 million, adding to its growing portfolio in Victoria.

Villa World CEO and managing director, Craig Treasure, says he considers the Melbourne market to be strong right now, buoyed by population growth.

The state's new first ho...

Read More...
AGENT EXITS, LOW LISTINGS HURT MCGRATH

AGENT EXITS, LOW LISTINGS HURT MCGRATH

PROFITS have dived 72 per cent at real estate group McGrath (ASX:MEA) to $2.4 milllion on the back of low property listings.

Listings with company-owned offices were down 20 per cent in the half year, and there's been an exodus of agents, which has dampened sales results.

McGrath speculates Australians have been put off selling ...

Read More...
INTEREST IN RETAIL PROPERTY SPIKES AS INTERNATIONAL BRANDS LOOK TO ROLL OUT IN AUSTRALIA

INTEREST IN RETAIL PROPERTY SPIKES AS INTERNATIONAL BRANDS LOOK TO ROLL OUT IN AUSTRALIA

AN influx of international retail brands into Australia over the next five years are expected to push up demand for floor space, says CBRE head of research for Australia, Stephen McNabb.

The retail commercial property sector is attracting keen interest, despite a modest rental growth of 1-2 per cent forecast in the year ahead, according to CB...

Read More...
BEAUDESERT SITE SELLS FOR $5.5 MILLION

BEAUDESERT SITE SELLS FOR $5.5 MILLION

A SITE with preliminary approval for residential development in Beaudesert, south-west of Brisbane, has been sold for $5.5 million. The 81.25ha site at Kerry Road, Beaudesert, was sold to developer Beaudesert Oasis by Mark Creevey and Tony Williams of Ray White Special Project Queensland. There were 58 enquiries and four offers received. ...

Read More...
NORFOLK VILLAGE SELLS FOR $9.7 MILLION

NORFOLK VILLAGE SELLS FOR $9.7 MILLION

A MELBOURNE-based syndicate has bought Norfolk Village in Ormeau for $9.7 million, reflecting a yield of around 7.2 per cent. Located at 174 Pascoe Road on a 6,161sqm site, the single level neighbourhood centre has net lettable area of 1,481sqm and comprises 16 shops varying in size from 49sqm to 199sqm. The centre is fully leased with annu...

Read More...
BRISBANE AND GOLD COAST COMMERCIAL PROPERTY MARKETS TIGHTEN

BRISBANE AND GOLD COAST COMMERCIAL PROPERTY MARKETS TIGHTEN

BRISBANE'S commercial property market performed at five times its historical average in the six months to 31 December as the city's vacancy rate dropped from 16.9 per cent to 15.3 per cent, according to the latest Property Council's Australian Office Market Report.

This result has come despite, or perhaps because of, the Quee...

Read More...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter