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Dahua strikes $140m deal to buy Point Cook site from land bankers

March 25, 2019

Government Infrastructure Melbourne Region Property and Investment News Strategy Victoria

Shanghai-based developer Dahua has beefed up its Melbourne housing pipeline after striking a $140 million deal to buy almost 100 hectares of land in Point Cook in the city’s south-west. Title deeds show Dahua Group Melbourne has placed a caveat over a 98.4-hectare site at 688 Aviation Road after agreeing to buy it from land […]

Sydney house prices to fall 5.1 pc, but surge on Central Coast: Moody's

September 20, 2018

ACT Region Canberra Region Melbourne Region New South Wales Property and Investment News Strategy Tasmania Victoria

Sydney house prices will fall 5.1 per cent this year, and then tread water in 2019 with only a 0.6 per cent gain, according to forecasts by Moody’s Analytics and Corelogic. However, the correction in NSW won’t be uniform with more affordable areas like the Central Coast – where developers like Rich Lister Tony Denny are selling out […]

 

$50b underground train network for Melbourne’s suburbs announced by Premier

August 30, 2018

Government Infrastructure Melbourne Region Property and Investment News Victoria

A PROPOSED underground train network for Melbourne would carry passengers from the southeast to Melbourne Airport in 45 minutes, government modelling shows. Premier Daniel Andrews today released “expert modelling” that predicts travel times from Cheltenham to the airport – 45 minutes – would be faster than the current car trip. Box Hill to the Melbourne […]

Developer Backs Innovative Build-to-Rent-to-Buy Model

July 25, 2018

Melbourne Region Property and Investment News Strategy Victoria

Impeded by an uninviting property tax landscape, the build-to-rent sector has been stagnant in Australia despite the increasing viability of the model as home ownership rates continue to plunge. More than 40 per cent of Australians now rent by choice and the proportion of households in the rental sector now equals the number of dwellings […]

Melbourne Airport Inks Deal for $100m Medical Marijuana Facility

July 25, 2018

Melbourne Region Property and Investment News Victoria

Melbourne airport will soon be home to Australia’s largest state-of-the-art medical marijuana facility after signing a deal with ASX-listed medicinal cannabis grower Cann Group. Cann signed a heads of agreement on Wednesday for the lease of a five-hectare site in the Melbourne Airport precinct. Australia Pacific Airports will finance and manage the primary construction of […]

Victorian Government Pledges $5 Billion for Airport Rail Link

July 25, 2018

Government Infrastructure Melbourne Region Property and Investment News Victoria

Construction of the long-awaited Melbourne airport rail link could start within four years after the Victorian Labor government promised to match a $5 billion funding pledge commitment from the federal government. Victorian Premier Daniel Andrews promised his government would invest if Labor was re-elected at the November state poll. The project will cost an estimated $8 […]

Melbourne Apartment Market Looking Up

July 16, 2018

Melbourne Region Property and Investment News Strategy Victoria

Melbourne’s apartment market has not been immune to commentary about oversupply, however a new report suggests that current supply is balancing out demand in the inner-city apartment market with median prices growing steadily in the past six months. The report from researchers Secret Agent shows the median price of apartments in the March to May 2018 […]

Brisbane, Melbourne rents flat despite oversupply concerns

July 12, 2018

Brisbane Region Melbourne Region New South Wales Property and Investment News Strategy Victoria

Rents in Brisbane and Melbourne have not fallen despite fears of an oversupply of new dwellings, an indication that surplus stock is slowly being absorbed by rising rental demand, new data shows. Domain’s latest Rental Report has Melbourne house and unit rental prices holding steady over the June quarter, while Brisbane rents remained flat. Falling vacancy rates […]

Sunland Buys Victorian Site for $100m Townhouse Project

July 4, 2018

Melbourne Region Property and Investment News Victoria

Queensland developer Sunland has acquired a site in Victoria for a townhouse development project with an estimated end value of $100 million. Sunland bought the 5.1-hectare site in Carrum Downs, 36 kilometres south-east of Melbourne’s CBD for $13 million. The developer has backed the medium-density residential model in Victoria and Queensland, with the Carrum Downs […]

Melbourne apartments face resale issues as experts report saturation of stock

July 3, 2018

Melbourne Region Property and Investment News Victoria

“There is not going to be an auction today,” declared the young sales executive standing in the entrance foyer of an apartment building in Abbotsford. It was just two minutes before a two-bedroom apartment in the block was scheduled to be auctioned on a Saturday in early April – and now the sale had been […]