Land sales edge to a new recent low as market nears bottom says RPM
The latest report from RPM Research & Data for Q4 2022 shows gross greenfield land sales across the Melbourne and Geelong growth corridors fell 24 per cent to 2,054, with the rolling 12-month average down 70 per cent to 14,567, Says Luke Kelly, RPM.
In the US, large companies currently own five per cent of residential rental properties “multi-family” assets
Multi-family in the US is the largest property investment type . A study by MetLife Investment Management has forecast that by 2030, this asset class will increase to 40 per cent. In Australia, “build-to-rent”, as we call “multi-family” is still in its infancy. With 84% owned by private...
RPM SEQ Property Research Report revealed SEQ buyers waiting 208 days after signing a contract to settle on residential lots
This is more than double the median of 96 days buyers had to wait in 2021 and more than three times the 67 days it took to settle land purchases in 2020. Despite record construction activity across the state, southeast Queensland is failing to keep up with demand for residential lots,” said...
AURA by Aqualand game changing display showroom revolutionises buying property
Aqualand, has set a new benchmark in property marketing with the innovative technology on show at their latest development in North Sydney, AURA by Aqualand. Designed in collaboration with proptech company DisplaySweet, the multi-million-dollar showroom features a number of state-of-the-art...
Developer focus on owner-occupied stock to further pressure rental market - Knight Frank Residential Developer Survey 2023
Knight Frank has released its Australian Residential Developer Survey 2023, which is the first of its kind. Knight Frank Partner, Head of Residential Erin van Tuil said more developers were opting for a balanced buyer pool or homes designed purely for an owner-occupier.
Lendlease among first in Australia to unlock fossil fuel-free construction
One of Australia’s first ever cranes to be powered by 100 per cent renewable diesel has recently taken to the sky on the NSW Government’s Powerhouse Parramatta project, marking a critical transition towards fossil fuel-free construction.
Newmark Capital secure approval for mixed-use office and serviced apartment precinct at Brandon Park
Newmark Capital has announced approved council plans to develop a mixed-used precinct at Brandon Park Shopping Centre including commercial areas and serviced apartments, said Newmark Capital’s Head of Property, Angus Machutchison.
New PBSA Report Reveals Extent of Student Spending
The first-of-its-kind report produced by The Student Accommodation Council in partnership with Accenture, reveals the average PBSA student spends $4,400 per month not including tuition, while the average Australian spends $4,600, says The Student Accommodation Council’s Executive Director Torie...
