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Demand for CBD office space defies pandemic predictions
Demand for CBD office space is continuing to defy expert predictions of a pandemic-induced office market collapse, according to the Property Council of Australia.
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What makes an ideal commercial property for an investor?
The commercial property sector in Australia has shown signs of getting hot after more than a year beset by the COVID pandemic.
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Optimism abounds, as new research reveals the state of Sydney’s CBD
The number of Sydneysiders working in the office tripled last month, according to the latest Office Occupancy survey by The Property Council of Australia. Property Council NSW Executive Director Luke Achterstraat said the survey revealed positive signs for Sydney’s CBD, with the office occupancy levels increasing from eight per cent to 23 per cent in November. “With lockdown restrictions lifting,…
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Childcare centres the latest hot property for investors
Demand for childcare centres is swiftly increasing with investors attracted to high leasing rates, long-term tenancy options and reassurance that the industry is an essential service. Colliers Associate Director, Melbourne Metro Sales, Ben Baines said childcare assets were one of the most highly sought in 2021. “Nationally this year, in excess of $200 million worth of childcare assets have transacted,…
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Colliers seals multimillion dollar Queensland deals
Colliers has negotiated two multimillion dollar commercial deals in Queensland, including a record-breaking $22 million industrial sale, and the acquisition of a rare residential in-fill site.
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‘Lifestyle industrial’ the latest trend in Australian real estate market
The days of industrial precincts being an ‘avoid at all costs’ area for residential property are over with “lifestyle industrial” flagged as the standout new trend in Australia’s real estate market.
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Darwin commercial property sets a new record
A Darwin transit centre, located in the centre of major shopping and entertainment block has set a record price at sale, highlighting the strength of the local mark.
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CBD office markets emerge from lockdown strongly
CBD office markets have seen the most tenants taking up office space in nearly three years.
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Commercial real estate market in low-earth orbit taking off
Voyager Space Holdings Inc.’s Nanoracks is planning to launch its own space station, known as Starlab, in what marks a turning point in commercial real estate.
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Outlook for commercial property remains positive despite lockdowns
The outlook for commercial property looks strong as tenants return to offices around the country and ecommerce drives record sales.
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Industrial and logistics real estate market tipped to skyrocket
Australia looks likely to be the major beneficiary of booming investment in the logistics and industrial real estate market, according to a new report by JLL..
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Knight Frank NSW appoints new Head of Assessment Management Services
Knight Frank has announced the appointment of their new Head of Assessment Management Services (AMS) in NSW, Jeremy Prestoe.
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Making an impact in Canberra: Guy Randell
Guy Randell he got his start in the industry and why his first-hand experience sets him apart in the competitive Canberra market.
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REA Group expands LivePreso partnership to include commercial and developer sales
REA Group has partnered with automated digital content platform LivePreso to include commercial and developer team opportunities
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Strong interest for commercial investment properties in NSW despite lockdowns
Strong demand for investment properties in New South Wales has been maintained despite lockdowns, according to Knight Frank.
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Cheaper for small businesses to buy commercial property than lease
Raine & Horne Commercial have released their second quarter 2021 edition of Commercial insights, supplying the industry with an insight into the health of the commercial property market in Australia.
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EVENT sells $79.6 million of commercial property, cinemas reeling from lockdowns
EVENT Hospitality and Entertainment, best known for the Event Cinemas franchise, has sold $79.6 million worth of non-core property assets.
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Western Australia’s commercial property market is thriving
The commercial property market in Western Australia has risen from the ashes in the last financial year, according to Ray White. Ray White Commercial research has found Western Australia (WA) has greater certainty across all sectors, with tenants again occupying premises, business up and running, and low interest rates. Ray White head of research Vanessa Rader, in conjunction with Ray…
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Strong quartet to lead Raine & Horne Commercial on Central Coast
Raine & Horne Commercial, has enlisted four local real estate specialists agreeing to head up its brand on the NSW Central Coast. The local quartet of Geoff Tilden, Brad Rogers, Sue Tilden and Naomi Rogers will lead Raine & Horne Commercial’s Central Coast operations. Mr Tilden, who started his real estate career in commercial and industrial property sales in Sydney in the 1980s, is…
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Office occupancy rates up as workers return to CBDs
New data released by the Property Council of Australia has revealed CBD office workers have returned to their workplaces in strong numbers in 2021.
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The hits and misses for commercial property in 2021
COVID-19 changed the way we do commercial property, potentially forever says to Steve Palise, commercial property expert and author.
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Ryan Seacrest lists resort-style house for $115.5m
Ryan Seacrest is joining the long list of wealthy Hollywood stars moving away from Los Angeles, as he puts his resort-style Beverly Hills house on the market for a hefty AUD$115.5 million.
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Reese Witherspoon sells her Malibu ranch for US$6.7m
Reese Witherspoon has offloaded her second Los Angeles property in the past six months, after recently selling their Malibu ranch in an off-market $6.7m deal.
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Payments have resumed for most deferred home loans
“This is an encouraging sign that most Australians are through the worst”, said Australian Banking Association CEO, Anna Bligh.
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Check out Cameron Smith’s new home on the Gold Coast
Rubgy League legend Cameron Smith played his final game for the Melbourne Storm this year, but it appears he had made the mental move up the coast as early as May.
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Eagle Software brings QR Codes to contactless inspections
Eagle Software have harnessed the power of QR Codes to assist agents in performing contactless inspections.
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PICA secures landmark green solar deal for its strata buildings
PICA Group has announced a new green solar energy deal, which will see 64 of its strata buildings save an estimated $681,000 annually, while reducing carbon emissions.
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Claudio Encina announces ‘Deep Live Intensive’ with a 2020 twist
December 1 is the first day of summer, and what better way to celebrate the start of the season than with a cold plunge into icy water?
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HTW: Was the pandemic a ‘booster shot’ for industrial real estate?
It made sense at the beginning of the pandemic to expect a decline in all commercial property markets.
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Exclusive: REA Group freezes prices, introduces data-based AREAs
REA Group CEO Owen Wilson and Chief Sales Officer Kul Singh spoke exclusively to Elite Agent this week about navigating the highs and lows of 2020, and their next steps in supporting the industry after what has been a challenging year. Reflecting on 2020, Owen Wilson says when the pandemic hit, REA Group understood they needed to move quickly. Once…
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Australians are building the biggest houses in the world
Australia is again building the biggest houses in the world, pushing ahead of the United States, according to the latest CommSec Home Size Report. The average new house built in Australia in 2019/20 was 235.8 square metres, up 2.9 per cent on the year and the biggest increase in 11 years. Conversely, American houses are shrinking, with sizes falling for…
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Celebrity homes: The most and least popular
REVEALED: The Celebrity Homes We Love (And Hate) Most! Kim Kardashian West’s house tour is the most viewed, with over 52 million views and counting!Also among the most viewed celebrity homes include Wiz Khalifa, Zedd and Kendall Jenner Lena Dunham’s L.A. home is least favoured as it has the worst like…
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Kristen Stewart puts her Malibu retreat on the market
The house was designed by world-famous architect Lorcan O'Herlihy.
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Dwelling approvals and construction loan commitments surge
The number of dwellings approved rose 15.4 per cent, according to ABS data released today.
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Property developers and investors make AFR Rich List
Three moguls who have made their fortune in the property game appear in the top ten of the annual AFR Rich List, which was published in full today.
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