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Positioned on the waters edge in one of the most beautiful locations on the East Cost of Australia, the new Headlands Resort development will comprise of a new tavern, restaurant and rooms overlooking the Pacific Ocean. With 61 serviced apartments which will feature a choice of studio, one and two bedroom apartments with onsite management […]
Bringing you the latest Canberra commercial property development news. Works approval applications have been lodged with the NCA for two out of five development sites in Campbell which form part of the ACT Government’s Constitution Avenue upgrade. Known as Campbell 5, the sites were sold earlier this year for a total of $64,000,000. Development […]
A block of six flats at 17 Smith Street, Wollongong, has sold under the hammer for $2.23 million to mum and dad investors. The apartments, at the harbour end of Smith Street, were bought by a family keen to add to their investment portfolio in the Illawarra. Sales agent Travis Machan, of MMJ Real Estate […]
The RBA has left Australia’s target cash rate on hold at 2.5% as expected. There’s no change in the key paragraph in the statement, which says that “monetary policy is appropriately configured to foster sustainable growth in demand and inflation outcomes consistent with the target. On present indications, the most prudent course is likely to […]
Bringing you the latest Canberra commercial property development news. The Canberra Times last week featured a report on the next stage of the Constitution Avenue upgrade. Read the update here. Two lake front development sites in Yarralumla were purchased by Canberra Girls Grammar School for a total of $1,780,000.Blocks 15 & 16, Section 17 […]
Most investors feel comfortable with investing in residential property as they are familiar with it. Most of us have rented a property, and some of us have bought a house or unit, and understand what that experience entails. Commercial property, on the other hand, is a little more mysterious, but is an increasingly valid investment option […]
The GPT Group’s $200 million venture is at the forefront of a wave of property investment into the Wollongong City Centre. Coupled with large scale public expenditure, the CBD is experiencing a spike in local investment and entrepreneurialism, spanning everything from small bars to large-scale innovation in construction. Its only been two weeks since the new Wollongong […]
New South Wales leads the pack: Where the states and territories’ economies rank. For the first time since July 2011, CommSec’s quarterly economic ranking of the states and territories has shown New South Wales lead the pack. The ranking takes into account economic growth, retail spending, equipment investment, unemployment, construction work, population growth, housing […]
Bringing you the latest Canberra commercial property news. Northbourne housing precinct redevelopment in jeopardy The ACT’s Land Development Agency is reconsidering the proposed revitalisation of the Northbourne Flats area due to a provisional Heritage Listing. The Heritage Council is seeking public submissions on a full heritage listing of the sites between Morphett and Macarthur & Wakefield Avenues along […]
Bringing you the latest Canberra commercial property news. SOLD – New West Industry Park, Hume An IZ1 zoned block in Hume’s new industrial estate has been sold this week – Block 7 Section 29, with an area of 11,029sqm. This is in addition to a small block in the same area which sold last week, as […]