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Do you live in a 'forever home' subrub + Cromwell's challenging return to Australia
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EmailThis is what's moving in property this week.
To view this email as a web page, go
here.
NEWS
1
Rates, job losses fuel mortgage arrears
A cocktail of higher for longer interest rates and a rising number of Australians losing their jobs is set to fuel the number of households falling behind on mortgage repayments.
2
The revolution that could change gen Z’s gloomy outlook
Despite their currently very pessimistic view of housing, gen Z could actually enter a property market in the 2030s that is more affordable than it is today.
3
Treasured trove of Australia’s leading ‘forever home’ suburbs revealed
New data has revealed Australia’s favourite ‘forever home’ suburbs where homeowners have kept hold of their properties for more than two decades.
4
Cromwell Property hit by $531m loss as it returns to Australia
The Gary Weiss-chaired company has sold off its sprawling European funds business and is back focused on its home market.
5
Write-off dents AVJennings profit
Home builder AVJennings paid the price for the termination of an option on a mega subdivision north of Brisbane with profit before tax plunging 95 per cent in the 2024 financial year.
MARKET MOVERS
Property veteran’s drive to diversify keeps things fresh
After more than 40 years in the property game, John Potter still reckons there’s never a dull moment.
Legal battle raging over Shamir property portfolio
The twists and turns surrounding the financing of an impressive Sydney residential property portfolio seem set to continue, as the number of auctions across Australia rises.
Figtree Grove up for grabs in busy retail centre sector
The shopping centre market is set for another test with the offer of Figtree Grove in the NSW coastal hub of Wollongong, which is expected to draw bids of close to $200m.
✣ PRESTIGE PROPERTY
Here’s what $15 million gets you in Adelaide
Set on 4,085sqm in Adelaide’s inner north, “Opus” is a 2018-built French Provincial-inspired home with a pool, tennis court and gym. Price: $15 million.
Perth’s luxury real estate sector booms
Buyer confidence in this capital city’s future, combined with strong economic fundamentals and limited supply helps drive 24.7 per cent increase in home values over the past year.
COMMERCIAL PROPERTY
Skyscraper sell off as developer ditches office towers
Large format retail boom rolls on as tax cuts boost sales
HMC Capital snaps up Brandon Park centre for $107.5m
NEWSLETTERS
TODAY'S PAPER
MIND GAMES
THE AUSTRALIAN PLUS
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from this newsletter. Sent by The Australian, GPO Box 4245, Sydney, NSW, 2001 Australia.
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