Private investor Peter Harburg is selling the State Law Building in Brisbane, colloquially referred to as “Gotham City”, and could achieve as much as $140 million. While 55 office buildings totalling more than $5.3 billion have traded in the Brisbane CBD in the past five years, there is now a shortage of government-leased office towers
Want to know the basics for property development? Check out our guide below. Land Development Cost (LDC) Land Development Cost finance provides property developers with the funds to undertake the acquisition and construction of the development. It also includes soft costs such as architecture, engineering and interest costs. This is the most common form of
Lenders are offering double-digit discounts and decades-low fixed home loan rates in a new round of fierce competition to build market share in booming property markets. Transactions, or the amount of properties being bought and sold, are at record levels despite February traditionally being a quiet month, according to RP Data, which monitors more than
Direct property investment has never been a passive occupation. Unlike shares or bonds, investment properties can’t be placed in the bottom drawer and forgotten about. Tenants must be found, served and replaced from time to time. Checking in regularly with the managing agent should be an ingrained discipline to maintain an even keel and avoid
First-time property investment can be a daunting experience. The sums involved are large, it often entails a large amount of debt and everybody else involved seems a lot more confident. Unfortunately sometimes these mistakes are made by ‘experienced’ property investors so here are the top 10 investment property mistakes we have found our clients making.
Sydney-based fund manager Tasman Capital is the latest to see the opportunity in manufactured home estates, nabbing six sites for $50 million. A housing option for low and middle- income retirees and over-55s, manufactured home estates (MHEs) are communities of easily built homes in holiday park-style surroundings or inside converted caravan parks. Institutional investors including
More and more borrowers are locking in fixed rate mortgages over longer terms, after banks slashed rates to record lows last month. Three weeks after the big banks dropped a range of their fixed rates to below 5 per cent, Westpac, National Australia Bank and ANZ say more customers are looking to fix some or
The Australian commercial property market has absorbed $10.5 billion in transactions in the past six months, with deal flow slowing only slightly from last year’s record haul. After posting $6.1 billion in transactions of office towers, shopping centres and industrial property in the second quarter, the market is on track for its second-biggest annual total