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Mirvac eyes off part of Lendlease's portfolio + Is it time to turbocharge construction with robots?
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EmailThis is what's moving in property this week.
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NEWS
1
Housing fix: more robots, less red tape
Housing Minister Clare O’Neil says red tape is making it too hard to build homes in Australia, vowing to turbocharge productivity in the construction sector.
2
Detached homes’ price soars past units
Homeowners are opting to secure a house and a backyard despite capital city house prices soaring and the gap between detached homes and units widening since the pandemic.
3
First-home buyers forgo big deposits to buy sooner
Gone are the days where first-home buyers saved a fifth of the price of a new home with many taking the riskier route to get into the market sooner before prices rise out of reach.
4
Lloyd-Hurwitz: where are the women in the CEO pipeline?
The former Mirvac boss has been recognised for her contribution to the real estate industry. But she says more must be done on the gender front across corporate Australia.
5
‘Chinese fairytale’ as agent’s $30m charitable pull applauded
Monika Tu is no stranger to an award, but after spearheading $30m in charitable giving, the most fashionable realtor in Sydney’s eastern suburbs can add an OAM to her mantlepiece.
6
Final whistle in Lendlease tax fight against Tony Watson
A confidential settlement has been signed in the Lendlease whistleblowing case which Tony Watson was at the centre of.
MARKET MOVERS
Lendlease’s APPF empire in Mirvac’s sights
In a move which could shape the management of some of the country’s best office towers, Mirvac tops a field of property managers keen on Lendlease’s Australian property funds empire.
Wrecking ball as Roberts Co scores Sir Stamford project
Sydney’s Sir Stamford Circular Quay faces wreckers as apartment boom takes hold. But its choice of partner is controversial as other units of the builder set up by tycoon Andrew Roberts still face demands from creditors.
Powerful real estate group snares junior player
Commercial real estate player CBRE is tapping into the most active end of the market by purchasing a long-time rival.
Retail therapy as Bvlgari’s flagship store in Sydney hits the block
The jewellery and bag retailer’s home on Sydney’s Castlereagh Street has been put up for sale by a German real estate investment company as it seeks to almost double its investment amid a luxury retail boom.
✣ PRESTIGE PROPERTY
Mystery buyer nabs Sydney’s swankiest apartment for $80m
After years languishing on the market, Crown’s penthouse is about to be sold for a $20m discount to its original asking price of $100m back in 2019.
Gurner project to blend heritage with luxe design
Richlister Tim Gurner’s development company is taking on an old Bluestone church in Melbourne’s Prahran for its latest venture in boutique luxury apartments.
COMMERCIAL PROPERTY
Industry funds clash amid bitter airport dispute
Chinese group weighs exit from Sydney’s tallest office tower
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