Listed property giants Dexus and Frasers Property Australia have announced the design team behind their $2.5 billion Central Place Sydney in the government-backed technology precinct next to Central Station. The twin-tower proposal, designed by architects Fender Katsalidis and Skidmore, Owings and Merrill, was selected following an international design competition by the City of Sydney, the…
Australia’s Luxury Market “Most Resilient”
Australia’s prime residential market was the strongest performer during the second quarter of the year, with prices remaining resilient despite the impacts of the COVID-19 outbreak, according to the latest study by Knight Frank. The Australasian and the North American region were the most resilient during the quarter, but the former reported the strongest performance…
First-home buyer enquiry surges as buyers navigate the COVID-19 market
Australia’s real estate industry has been put to the test in 2020, and while the coronavirus pandemic has forced the sector to slow down, first-home buyers are doing the opposite. WATCH VIDEO HERE – COVID-19: The surge in first home buyer activity Since the beginning of the year, we have seen a surge in first-home…
Millennials Making Big Move to Regions
Regional Australia attracted more people than it lost to capital cities during the last census, reveals a new report, which also found Sydney lost more millennials to the regions than it gained between 2011 and 2016. Regional Australia Institute’s “Big Movers” report examines how Covid-19’s aftershocks may affect regional population trends, as a growing number…
Infrastructure Construction Key to Economic Recovery: Moody’s
The rapid progression of large, shovel-ready, infrastructure projects could lead to new investment by the private sector, Moody’s Investors Service says. While spending on infrastructure construction is important to state government plans, Moody’s says a “coordinated approach with the private sector is likely”, given that the states are already facing rising debt and record infrastructure spending…
Western Sydney Airport Metro Rail Gets Green Light
Construction work on a metro line connecting to the Western Sydney Airport at Badgerys Creek will be brought forward following an injection of $3.5 billion. Prime minister Scott Morrison yesterday, along with NSW premier Gladys Berejiklian and NSW transport minister Andrew Constance, said the project would be fast-tracked and serve as an important initiative for…
