Dexus exchanges contracts for $22M sale of Kilsyth warehouse

The asset at 147-153 Canterbury Road was sold at a premium of 17% compared to its December 2021 book value

Three shopping centres to rebrand as Westfield

Forms part of URW’s Westfield brand expansion across Europe, including Sweden and Poland

Openn Negotiation to run pilot with bridgeMLS in California

This brings OPN to five pilots across North America, focusing on Northern California, including San Francisco

Elanor signs lease with Alliance Pharmaceuticals and completes $37M raising

Some 2,000sqm leased in repositioning of Cannon Hill property, and over $18M raised in retail component of offer

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Commercial property to undergo ESG-driven ‘revolutionary change’

The Property Funds Association (PFA) held their first in-person conference since the pandemic began in Cairns last week

Today in A-REIT: 3 May 2022

The market closed down 18.70 points at 7,328.30.

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Pellicano commences work on Berwick House

$60 million Fortitude Valley project is the fifth build-to-rent development undertaken by Pellicano Living

$500M community to be built in Moreton Bay

More homes for the area likely welcome news, as stock levels very low

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First home buyers relying more on government schemes than ever before

Those in WA were the most likely to make use of the support

Victoria’s rezoning tax threatens regional affordability

Pitcher Partners Melbourne’s Craig Whatman says it will have a marked impact on housing affordability

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Smaller cities drive price growth as Melbourne and Sydney slows down

However, Australian dwelling values still rose by 2.4% – about $17K – during the first quarter of this year

Top 20 suburbs where rents are set to rise

Regional suburbs dominate chart with 17 listed

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One of Australia’s most substantial Large Format Retail assets is for sale

Only four LFR Centres above $150 million have sold since January 2010

Underdeveloped George Street building set to sell for over $50 million

Comes as Core Precinct assets in the Sydney CBD attract a 20% rental premium

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Skills and material shortage at root of land sales dip

Housing affordability may be at risk as land sales decline 22%

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UK real estate assets offer better growth than continental Europe

Fixed-rate debt and long income the best strategies to utilise, says a recent report

Openn Negotiation to run Canadian pilot, and signs with US MLS

G’day to the world, as Australia’s Openn Negotiation takes on Canada and North Carolina markets in two major deals

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Property listings remain tight but demand is easing… in some places

Penrith and Cranborne remain investment-grade areas, writes Kate Hill

Pitfalls for the new investor

Mark Hay discusses what to look out for, and what to avoid

Why Queensland investment will dominate for some time yet

The sunshine state is continuing to attracting new residents from interstate

Changing market conditions making negotiation tricky

Some sellers yet to accept the realty of the market, says Ben Plohl

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Tri-level Vaucluse mansion hits the market

Nearby similar properties have sold for as much as $62 million in recent times

9.3 hectare Whitsunday Islands luxury lodge hits the market

The Hook Island Lodge site is home to two private beaches

The Rocks penthouse hits the market for $40M

Has been described as a “pinnacle of luxury”

$25B of Australian homes at risk from coastal surges and erosion

CoreLogic has found the top 10 suburbs at risk by value

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