Today
From dropping pamphlets to selling $85m homes
His father was the first person in Australia to sell a house for $1 million. Brad Pillinger reflects on 30 years selling the country’s most expensive homes.
- Yolanda Redrup
This Month
The Agency sacks CEO following period of underperformance
Geoff Lucas’ exit comes just three years after he left rival top-end real estate firm McGrath.
- Campbell Kwan and Bonnie Campbell
- Updated
- Earnings season
Building cost rises create horror year for Mirvac
One of the country’s largest property developers says profit margins on some big apartment projects have halved, pushing earnings significantly lower this year.
- Updated
- Nick Lenaghan
Assembly Funds Management kicks off $100m raise for property fund
Michael Gutman is aiming for 15 per cent to 17 per cent in annualised target returns from ADPF2, whose mandate allows it to invest in either debt or equity.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Property market
The maths justifying rentvesting has changed. Here are the numbers
It’s a popular strategy for building wealth but how does rentvesting stack up after 13 rate rises?
- Kelly Kennedy
QIC property funds head quits
David Asplin, a 12-year veteran of the firm, has left just days after Michael O’Brien quit as the real estate division head.
- Aaron Weinman
July
UBS, Centuria Bass Credit team up for inaugural warehouse facility
The Swiss investment bank has put up an initial $100 million senior secured commitment as it increases its exposure to Australia’s non-bank real estate lending sector.
- Sarah Thompson, Kanika Sood and Emma Rapaport
NAB backs Federation Asset Management’s Homesafe acquisition
The agreement is a drop in the ocean for a big four bank with a $702 billion loan and advancement book.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Homesafe lands with local asset manager after Bendigo exit
Relative to comparable markets like Canada and the UK, “Homesafe has only started to scratch the surface of the service it can provide,” according to Federation founder, Cameron Brownjohn.
- Sarah Thompson, Kanika Sood and Emma Rapaport
NSW, Queensland flag going it alone in PEXA property settlement snafu
Commonwealth Bank-backed PEXA could still be forced to open its platform to competitors despite the regulator earlier finding it was outside its remit.
- Kylar Loussikian
Interest rate uncertainty dogs builders as buyers stay away
Less than half of companies polled by Macquarie said they expected sales to increase, even as inquiries for new houses begin to increase from last year’s lows.
- Campbell Kwan
- Opinion
- Competition
Could this be the country’s stupidest public policymaking debacle?
From a regulator which has declared it can’t do anything to a company – PEXA – transparently trying to keep its monopoly, there’s not much that can compare.
- Kylar Loussikian
- Opinion
- Chanticleer
ACCC uses land grab to put new property prices under microscope
Two big property groups trying to trade 12 would-be housing estates have caught the regulator’s eye.
- Anthony Macdonald
‘I got a six-figure rent’: The benefits of owning a famous building
A piece of cultural history, such as a property that appeared in the films “Groundhog Day” or “Atonement”, can help pay bills – and bring unexpected visitors.
- Etan Smallman
Cars, boats and houses won’t make you happy, says this Rich Lister
Property developer Paul Blackburne landed on the Rich List with an estimated $536 million fortune. There’s a success trap entrepreneurs need to be mindful of, he says.
- Julie-anne Sprague
June
Property payment fintech Coposit taps Ad Astra for a $10m fundraise
The platform allows buyers to pick up an off-the-plan property for $10,000, saving for the remainder of the deposit during the construction in instalments.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Analysis
- Property prices
Australians aren’t alone in their housing pain
Affordability and supply have become big issues in the US as immigration and high interest rates further strain the market – a scenario all too familiar in Australia.
- Matthew Cranston
CBA has fighting words as it prepares to get one back at Macquarie
Commonwealth Bank’s move to chase $20 billion in real estate agents’ bank accounts seems bitsy, until you realise who it is going after.
- Anthony Macdonald
Why house prices are surging once again around the world
In Australia, the US and parts of Europe, property markets have shrugged off higher interest rates to post strong gains – and there’s likely more to come.
- The Economist
- Opinion
- Property Observed
‘Eyes wide open’: How to ride the private credit boom
Private credit for commercial real estate has never been stronger. It’s also running into trouble. “All of us need to be eyes wide open and alert. It is real estate and it is credit. Let’s not misprice the risks.”
- Robert Harley
