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Star to offload Queensland assets + Interior designers drink to new trend
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EmailThis is what's moving in property this week.
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NEWS
1
Arrested junket operator was ‘acceptable’ to former Star chief
Former Star Entertainment CEO Matt Bekier has told a court Macau-based junket operator Qin Sixin was a ‘suitable person’ despite his previous arrest for money laundering.
2
‘Wartime response’ needed for housing crisis
Some of Australia’s most prominent home builders have issued a clarion call to the federal government over the housing crisis as the nation reaches a critical juncture.
3
Rate cut breathes life into housing
Property prices rebounded to a fresh high in February, with the recent interest rate cut proving a boon for market conditions.
4
Comyn to keep his head down ahead of election
CBA chief Matt Comyn has advised it might be ‘wise’ for businesses to keep their heads down during the looming federal election.
5
Melbourne’s property market has a pulse but is this a revival?
Weighed down by a high-taxing state government, Melbourne has been a basket case for property investors so a one-month upswing has set the industry buzzing.
MARKET MOVERS
Star closes in on deal to offload Queen’s Wharf to HK partners
A deal is close to being brokered to sell troubled Star Entertainment’s stake in Queen’s Wharf in Brisbane to its Hong Kong-based partners Far East Consortium and Chow Tai Fook.
‘Too big a job’: Pub king Laundy steers clear of Star
The casino would have fitted well with the billionaire publican’s empire, but he decided against chasing the prize property.
Expanding Marriott makes its biggest splash in Fiji
Despite the cost-of-living crisis, Marriott International had a record-breaking 2024 and its Fiji resort was the shining light.
Cambridge snaps up campus for $111m
Educational assets are moving even as the commercial property markets remain tough.
Healthscope faces eviction threat at eleven private hospitals
The private hospital operator has failed to pay rent on 11 facilities owned by David Di Pilla’s healthcare property trust, leading to threats of replacing the group.
✣ PRESTIGE PROPERTY
Interior designers say this one surprising feature is taking off in Australian homes
The cocktail trend that began during the pandemic has continued. Houses are now adapting to let the good times roll.
Interest rate cut, planning approvals get Harry building
Meriton supremo Harry Triguboff has been spurred into action by the RBA’s interest rate cut and an improved approvals process to begin one of his biggest building sprees in many years.
Luxury digs hit by moderating growth
The nation’s best homes and apartments may be cheap on a global scale but there have been big jumps across the past decade.
COMMERCIAL PROPERTY
Double Bay spending spree as debts disappear at Pallas
Foreign investor snaps up Australia’s largest sheep station
Maximise makes $44m move on Melton
Accor checks in for climate goals
NEWSLETTERS
TODAY'S PAPER
MIND GAMES
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