National Commercial Property News

A rare buying opportunity to live walking distance from a Costco awaits the future new owners of a handful of new home sites in Booraloo within Lake Macquarie.  The American retail giant’s Lake Macquarie warehouse …

ASX-listed property group Mirvac has seen its new home building profit margins squeezed over the past financial year, but is also seeing an uptick in market activity.  The company made $212 million in earnings before …

Last month popular US burger chain Carl’s Jr closed 24 stores in Australia after its master franchisee CJ’s Group entered into voluntary administration.  A statement from appointed administrators KPMG announced the company had assumed “day-to-day …

The vacancy rate across the nation’s office towers has tightened overall, but Melbourne is lagging behind as the slow down in some CBDs catches up to it.

Australia’s struggling retail sector suffered another blow this year when high-profile fashion label Dion Lee collapsed into administration. Championed by pop world luminaries Taylor Swift, Dua Lipa and Kanye West, the Sydney-born label went bust …

When Australia’s first surf park opened in Melbourne in 2020, it was tipped as the start of a booming new industry. Four-and-a-half years on, there are only two commercial surf parks open to the public. …

Homeowners looking to boost their household income or help out loved ones are increasingly building granny flats and dual occupancies in their backyards. While many homeowners would prefer to keep their backyards as they are, …

Australia’s commercial property market has been in the doldrums for two years now, with sales volumes hovering around decade lows. But in a positive sign for brokers, several forward-looking indicators suggest deals may soon start …

Mirvac’s sale of a two-thirds stake in its planned $2 billion Sydney office tower to Japanese conglomerate Mitsui Fudosan was the biggest Australian commercial property deal of the 2023-24 financial year.   MSCI data showed …