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Student crackdown easing rents + Favourite Sydney pub changes hands for double the price
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EmailThis is what's moving in property this week.
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NEWS
1
New loans on the rise as feared ‘mortgage cliff’ passes
There has been a flood of new home loans while refinancing activity has actually fallen thanks to easing of fears about the ‘mortgage cliff fall’ that didn’t happen, PEXA data shows.
2
Government efficiency needed to shore up development projects
Increased hurdles in getting approvals are driving up construction costs, which threatens the viability of affordable housing, despite a further easing in building materials costs.
3
Student crackdown easing rent stress
Rental price growth has slowed as challenging market conditions see more renters either struggling to afford record-high asking prices or looking to become property owners.
4
Changing trends to shape housing, community needs
The famous idea that people were not doing things together as a community anymore is catching on in how we are now living, with more people now going it alone.
MARKET MOVERS
Pubs veteran buys up prime Sydney site for $35m
The owner of a prominent Botany pub has doubled his money after selling the site, bought in 2020 for $17m, for about $35m to veteran Kent Walker.
Surf’s up for The Strand as Vinta seeks to sell
The shopping centre on the famed Gold Coast strip is again up for grabs, with expectations that it will trade after the sector’s big reset.
‘King of Toys’ to offload Sydney Exchange building
The sale of the office block housing the Australian Securities Exchange will be the next big test for the commercial market.
Goldman Sachs rides last-mile delivery boom
The US investment bank is charging into the area locally as same-day delivery changes the face of traditional warehousing.
✣ PRESTIGE PROPERTY
A Gold Coast enclave ‘reserved for the fortunate few’
Opulent apartments in billionaire Singaporean property developer Ching Chiat Kwong’s ambitious waterfront development on a man-made island on the Gold Coast have been taken off the market.
North Shore trophy home blends the old and the new
Felicity and Fergus Davidson have seamlessly retained the charm of their historic property in Sydney’s Upper North Shore, while transforming it into an ultimate family home.
Match point: Discover the world’s most scenic tennis courts
Serve up luxury while you stay at some of the most breathtaking destinations.
COMMERCIAL PROPERTY
Office leasing hit by rising lower-grade vacancies
Huge coup for $400m Market Square project
Super fund giants team up for $15bn housing plan
Sydney malls sold as retail rerating settles sector
NEWSLETTERS
TODAY'S PAPER
MIND GAMES
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