Real estate investor Cromwell Property Group has snapped up a 35-level tower in Brisbane’s North Quarter precinct in a $525 million play, and follows a string of major asset transactions in the capital city. The $524.75 million purchase of 400 George Street, comes as Brisbane’s commercial property market continues to improve with vacancy dropping to…
Mirvac Continues Office Push with Brisbane’s ‘Healthiest’ Tower
Listed developer Mirvac has broken ground on its $836 million 80 Ann Street Brisbane CBD tower, promoting it as Brisbane’s “healthiest” commercial building. Mirvac’s continued push into the office sector has now made it Australia’s second-largest office manager, with $15 billion of assets under management. Mirvac’s pipeline of commercial developments, including 477 Collins Street in Melbourne…
National residential vacancy rates steady in July: SQM Research
Data released by SQM Research today has revealed the national residential rental vacancy rate remained steady in July 2019 at 2.3% from June. The total number of vacancies Australia-wide is now at 76,346 vacant residential properties, a decrease of 2,344 over the month but up 3,888 dwellings over the past 12 months. Brisbane and Adelaide…
Magnolia Residences, Summerlin Banyo –
Construction Update – August 2019
August 2019 The construction crew at Summerlin is working hard and we have achieved the following milestones in the last month: • On the ground level, all window frames have been installed and all units have now been sheeted with Gyprock. Kitchen and bathroom cabinets have been delivered. • Level one has wall partitions installed…
Magnolia Residences, Summerlin Banyo –
Construction Update – July 2019
July 2019 Magnolia Residences construction is progressing well, and we achieved the following milestones since the last update: • In the basement, electrical and plumbing works are now complete and the mechanical exhaust system is 50% complete. • On the ground level, the electrical and plumbing rough ins are complete with windows and gyprock due…
Apartment Developers Urged to Restock Now for Next Wave of Downsizers
Opportunities are ripe for developers in the residential sector, says property specialist Adrian Parsons, who is seeing a rapidly-forming downsizer market soak up supply of quality owner-occupier apartments in Brisbane. TOTAL Property Group Managing Director Mr Parsons says Brisbane is heading for an undersupply of quality apartments, with demand being driven mostly by downsizing buyers…
