Email
This is what's moving in property this week.
To view this email as a web page, go here.
In the news
1
City’s property market left sickened by Covid, tax
Five years of lockdowns, budgetary turmoil and criminal violence have seen the Victorian capital’s housing market stagnate – until now.
2
Lendlease plots ‘come back’ meeting to fight for $2bn fund
Property giant Lendlease is planning a radical counter-strike to retain control of its $2bn industrial fund after rival Mirvac's takeover bid.
3
Sydney developers launch $92m legal battle over delayed Oxford St project
A landmark Sydney development meant to breathe new life into Oxford Street faces fresh turmoil as developers pursue a $91.7m court battle against the original builder Growthbuilt.
Market movers
Packer joins Mosman apartment boom
Billionaire James Packer has his sights set on the exclusive Sydney market, as his company negotiates a major harbourside development deal.
Inside Meriton bootcamp: Triguboff looks to new breed of executives
One of Australia’s richest men, 92-year-old Harry Triguboff is writing his final instructions for Meriton’s future, to prepare the next generation, including grandson Daniel Hendler, to suceed.
Billionaire battle heats up over $285m property fund takeover
Billionaire Paul Lederer has hit back at criticism of his $285m takeover bid for Elanor Commercial Property Fund, with both sides trading blows over the fund's future.
US rental giant starts Melbourne housing project
Property powerhouse Greystar is betting big on solving Australia’s rental crisis, with plans to manage 2000-plus apartments worth $1.56bn by 2026.
Prestige property
Chemist Warehouse founder splashes $21.5m on Bondi Beach
A Chemist Warehouse co-founder has joined former Wallaby Jason Little in a boutique Bondi development.
New Mosman project blends lux living with wellness lifestyle
Mosman’s newest luxury address will combine multimillion-dollar apartments with a groundbreaking wellness hub, as luxury developer DARE taps into the global health boom.
Home Hunt: amazing properties for sale around Australia
The views stretch to the ocean from this 7ha property in the Gold Coast hinterland. Asking price, $4.95 million.
Commercial property
Oscars Group buys $30m boutique Barangaroo site
Hot on the heels of buying Luna Park, Oscars Group is buying another Sydney Harbour block.