Residential

Instability in the broader construction sector is adding further pressure to a constrained residential pipeline as Australia faces a mounting rental and housing crisis. 

MaxCap Group, one of Australia’s leading real estate investment managers, has unveiled its latest response to the growing housing challenge in Melbourne by acquiring a ~ $95million portfolio of 125 recently completed apartments across four high quality buildings.

Lendlease and Mitsubishi Estate Asia’s luxury residential tower, One Circular Quay, has reached a new milestone, surpassing $1 billion worth of sales as construction powers ahead to deliver the highly sought-after residences on the doorstep of Sydney’s world-renowned harbour. Since its exclusive off-market launch in late-2022, more than 50 per cent of residences have pre-sold.

Trackside House at Moonee Valley Park, the anticipated first track-fronting residential offering at the $2 billion redevelopment of Moonee Valley Racecourse, has defied challenging market conditions to generate approximately $100 million worth of pre-sales.

The Property Council of Australia today welcomed the strong, cyclical economic results in the Federal Budget but warned the government must match its targeted approach to migration with the same focus on housing investment and better planning across the country.

Sydney’s luxury market is spearheading a broader market resurgence, as the city experiences its most significant increase in house prices in more than a year.

The penthouse in one of Australia’s newest iconic landmarks developments, Sapphire by the Gardens, developed by SP Setia, has sold to a local businessman Adrian Portelli, for a record-breaking $39 million in a deal secured by Tim Storey from Colliers.

Adelaide is facing a student accommodation crisis that could provide an opportunity for a Build to Rent (BTR) development, according to JLL Research.

 Sydney saw the sixth highest annual growth in luxury residential rents in 2022 out of 10 ranked global cities, according to the latest research from Knight Frank.

A new partnership between one of Australia’s leading developers, Goldfields, and rapidly growing property-buying platform Coposit is opening doors for Brisbane homebuyers keen to get a foot on the ladder in a challenging market.

Real estate private equity firm Jameson TTB has partnered with ANZ to deliver a disability housing project in Melbourne’s south-eastern suburbs.

Diversified developer Pellicano has announced another string to its bow – adding to its residential, industrial and retail arms – a short-stay apartments product that will sit within its Pellicano Living build- to-rent projects, to be known as Rambla.

Leading Australian integrated property development group, Aqualand, is collaborating with Chief Economist, Nerida Conisbee and real estate investment specialist and Wealthi Co-Founder, Peter Esho, to host a free 2023 Property Outlook event on Thursday 9 February 2023, for anyone interested in purchasing in the Sydney market this year.

A luxury boutique residential collection of just four pavilion residences in the New South Wales’ Southern Highlands is expected to attract buyers looking for a low-maintenance home offering privacy.

Kō, Australia’s first co-ownership platform for luxury holiday property, has expanded into the Japanese holiday home market in collaboration with high-profile developer NISADE – effectively making international alpine real estate more accessible for Australians.