Theurbandeveloper.com [2022]

Last Update: April 3, 2022

Real Estate Tech Now Targeting Institutional Investors

The slew of technology start-ups targeting the real estate sector continues, with a new real estate investment vehicle based in New York giving a hint of things to come.

Actived: 4 days ago

URL: https://www.theurbandeveloper.com/articles/real-estate

Hines Puts Foot on Second Build-to-Rent Site

(7 days ago) Global real estate firm Hines has cemented its focus on Melbourne’s build-to-rent market with the acquisition of a second site in the Victorian capital. The 3068sq m site at 36-58 Macaulay Road in North Melbourne already has permit approval for a two-tower mixed-use development (pictured above), overlooking the North Melbourne Recreation Reserve.

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Getting Started in Property Development: A Beginner's

(4 days ago) Commercial real estate, such as offices, retail, hotels and industrial property. Every one of these asset classes involves a sub-market that operates at its own pace that is governed by a different set of factors which combine to …

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House Prices Tipped to Rise 6pc in 2022

(3 days ago) The total value of residential real estate in Australia is now worth a record-breaking $9.1 trillion—almost a third more than all superannuation, the ASX and commercial real estate combined. Low interest rates, which have propelled market growth, and the increase in housing prices has since pushed up the level of debt Australian homeowners

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Six Residential Property Trends to Watch in 2022

(6 days ago) Over the five months from April to September this year, house prices rose so rapidly that the total value of Australia’s residential real estate increased by a trillion dollars to reach $9.1 trillion, generating an incredible annualised growth rate of almost 30 per cent. Estimated value of residential real estate

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Melbourne Housing Market Insights: March 2022

(4 days ago) Real Estate Institute of Victoria figures revealed that a total of 115 postcodes scored new price benchmarks across 2021. These included inner-city hubs such as Fitzroy North, Brighton East and Thornbury, to the metropolitan outposts …

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Gold Coast Housing Market Insights: December 2021

(7 days ago) Westpac has also updated its property forecasts, with south-east Queensland real estate prices tipped to surge 10 per cent between 2022 before dialling back -1 per cent in 2023. Gold Coast auction clearance rates. Week Clearance rate Total Auctions; Week ending 5 December 2021 59.8% 123; Week ending 12 December 2021

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Hines Nabs Brunswick Site for Build-to-Rent

(8 days ago) International real estate firm Hines will build a 250-apartment build-to-rent complex at Brunswick after spending $16.5 million on an industrial site at 10 Ballarat Street. Approvals were already in place for an eight-storey 163-apartment multi-use development on the 4242sq m site, which transacted at the end of July.

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Australia’s Top 10 Mansions

(Just Now) According to the inaugural edition, here are the nation’s top 10. 1. Fairwater Mansion in Point Piper. Fairwater Estate. Atlassian Co-Founder Mike Cannon-Brookes and his wife Annie purchased what was Australia’s most expensive property in 2018, the late Lady Mary Fairfax’s 2.77 acre Sydney Harbour estate, Fairwater.

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Hudson Yards: The Largest Development In U.S History

(7 days ago) Since breaking ground more than four years ago, progress has steadily continued on the largest private real estate development in U.S history. Husdon Yards is considered the largest development in New York City since Rockefeller Centre and the buildings that make up the project have been steadily rising since breaking ground, with some elements

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EG Lays Down $43m for Two Waterfront Taverns

(Just Now) EG Lays Down $43m for Two Waterfront Taverns. Real estate fund manager EG has swooped on two taverns, paying $43 million to add to its private wealth division, with the underlying land values driving the sale. The Anglers Tavern in Maribyrnong, Victoria was purchased for $23.33 million in an off-market sale.

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Build-to-Rent Interest Tipped for Brunswick Sites

(2 days ago) Real Estate Marisa Wikramanayake Tue 22 Feb 22 Build-to-rent developers are likely to pounce on three sites in inner Melbourne that have gone to market and tipped to go for north of $55 million. The sites are in Brunswick, the location of several build-to-rent projects, and Abbotsford , in Melbourne’s inner north.

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Top 20 Brisbane Development Projects

(8 days ago) Global real estate investment manager, DWS and Consolidated Properties Group has work underway at its joint venture development of an A-Grade commercial office building to be located at 895 Ann Street, Fortitude Valley.

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Sun Tipped to Set on Coastal Dream in 2022

(6 days ago) Australia’s residential real estate value has grown $2.2 billion in 12 months to reach $9.4 billion at the end of 2021 off the back of stimulus packages and a white-hot property market. Corelogic head of research Eliza Owen said house values increased 22.2 per cent in the 12 months to November, the highest increase since 1989, while more than

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Why Banks Are Still A Property Developer’s Best Friend

(4 days ago) While Australia’s non-bank lenders and private financiers have a strong appetite for commercial real estate (CRE), banks still have the lion’s share of the market.Approximately 90 per cent of all CRE debt, or $381 billion, is provided by the banks, with the remainder provided by a growing number of smaller financiers and non-bank lenders.. Bank funding costs declined to …

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Rising Inflation Not All Bad News for Property Sector

(6 days ago) “Returns for commercial real estate have outpaced the rate of inflation, so relative returns are mostly positive, even taking into account any dip in asset values due to inflation-driven interest rate rises,” says Woodward. He notes CPI has risen by …

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Cryptocurrency Mining Land Grab Tipped for 2022

(3 days ago) A wave of investors looking to establish cryptocurrency mining facilities is expected to hit the commercial real estate market in 2022, but industry commentators say the property sector must be prepared in order to seize the opportunity. Interest in cryptocurrency mining facilities has been building during the past six months, with China

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2018 Rich List: Top 10 Property Players

(2 days ago) The 2018 Financial Review Rich List has been released, featuring 200 of Australia's wealthiest people.. It is an unprecedented era of wealth in Australia, with 16 billionaires added to this year's Rich List. And property is king: with twice as many billionaires making their fortunes through real estate than any other industry.

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NY Real Estate Giant on Creating Communities of Opportunity

(Just Now) The New York real estate firm has developed close to $3 billion of projects in the United States, and manages more than $1.5 billion in property, with a focus on affordable and environmentally-conscious projects. Core to the firm’s projects is its development mission, “communities of opportunity”—creating and redeveloping green

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Sydney Housing Market Insights: December 2021

(1 days ago) The Urban Developer’s latest Sydney housing market insights reveals the city’s median house price, $1.36 million, will, on current trends, soon breach the $1.5-million mark while house rents have also surged.. This resource, updated periodically, will collate and examine the economic levers pushing and pulling Sydney’s housing market.

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Bligh House Back on the Block After Deal Falls Over

(5 days ago) Bligh House is being taken to market by McVay Real Estate’s Sam McVay and Rob Sewell and JLL’s James Barber, Simon Storry and Luke Billiau via an expressions of interest campaign. McVay said Sydney's core precinct was going through a once in a generation transformation with the completion of an extraordinary level of private and government

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Top 10 Australian Property Development Players

(4 days ago) Meriton founder and the third-richest Australian, “high-rise” Harry Triguboff, has retained his ranking as Australia's richest property player with $12.31 billion in the bank and more than 75,000 apartments completed across the country.

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Brisbane Housing Market Insights: December 2021

(3 days ago) Westpac has also updated its property forecasts, with Brisbane real estate prices tipped to surge 10 per cent between 2022 before dialling back -1 per cent in 2023. Brisbane auction clearance rates Week

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Fresh Listings Flood Melbourne Market as Restrictions Ease

(8 days ago) The city’s real estate market has been buoyant after experiencing a net gain from interstate migration for the first time in nearly six years in the three months to March. Fresh listings were up 17.4 per cent month-on- month while properties hitting the …

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Interest Strong in $100m Barangaroo Penthouse, Says Agent

(4 days ago) Real Estate Taryn Paris Fri 28 Jan 22 Despite languishing on the market for about six months, One Barangaroo’s $100-million penthouse is receiving strong interest from the local market. Knight Frank partner Erin van Tuil said there …

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Coast Hotspot Caravan Park Goes to Market

(Just Now) Real Estate Taryn Paris Mon 07 Feb 22 A significant parcel of beachfront land in one of Queensland’s top spots is on the market with price expectations north of $25 million. The 37,500sq m NRMA Agnes Water Holiday Park is expected to attract interest from domestic and international investors looking for land banking and capital growth

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Future of Carpark Real Estate in Limbo

(2 days ago) Repurposing carpark real estate assets Not everyone believes that the future is bright and commuters will continue to drive their cars into the CBD once more freedoms return. “Clearly the CBD car parking industry has been placed under enormous stress by the challenges of Covid, particularly during times of lockdowns when CBD’s become

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Six Ways Covid Has Shaped the Housing Market

(7 days ago) By February 2022, CoreLogic estimated the total value of residential real estate to be $9.8 trillion, up from $7.2 trillion at the onset of the pandemic. The median Australian dwelling value increased $173,805, to $728,034. Cumulative change in home value index

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Centuria Splurges $202m in City Fringe Retail Coup

(2 days ago) “This was a rare, off-market opportunity to secure modern, high-quality retail real estate within a landmark masterplanned community, catering to approximately 1250 households within the West Village development in addition to the surrounding West End and South Brisbane residential community,” Centuria head of retail Bruce McCully said.

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A Great Property Marketing Plan 7 Best Practices

(9 days ago) Research your property market. Invest the time to conduct property market research to have a clear understanding of: - Who the market is. - What product, price and amenities they are looking for. - Who the competitors are, what they are marketing and how they are communicating it. The deliverables of each may vary depending on the project size

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Students Share Experience of New Real Estate Course

(4 days ago) Students Share Experience of New Real Estate Course. In 2020, IE University launched its cutting-edge Global Master in Real Estate Development course—and the verdict is in. Some of the program’s first students have given their feedback on the program, including its methodology, format, content and more. Of course, 2020 wasn’t the easiest

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Sekisui House Acquires Baulkham Hills Masterplan for $104m

(5 days ago) Real Estate Marisa Wikramanayake Tue 22 Feb 22 Developer Sekisui House has acquired Aqualand’s 12.5-hectare Baulkham Hills masterplan in Sydney’s north-west for around $104 million. Aqualand purchased the site, at 64 Mackillop Drive, Baulkham Hills from the Sisters of St Joseph for $80 million in 2017 .

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Agents Follow the Money as Build-to-Rent Ramps Up

(3 days ago) Commercial real estate agents are marketing development sites as build-to-rent opportunities, taking advantage of booming interest from institutional investors. An increasingly unaffordable housing market coupled with tax and planning reform are heating up the sector, with some on-market campaigns dominated by build-to-rent bids.

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Allianz, NPS Deal for Half Stake in Darling Quarter

(9 days ago) Allianz Real Estate and the National Pension Service of Korea will soon own half of the marquee Commonwealth Bank Place in Sydney’s Darling Harbour. Allianz, representing the National Pension Service of Korea through its AREAP Core I fund, picked up the 50 per cent stake in Darling Quarter for $634 million. The Darling Quarter asset comprises

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Not Time to Lose Sleep Over Inflation, Yet

(3 days ago)Real estate investment trusts generally aim to generate returns of at least 5 per cent above the inflation rate,” Geha says. “The main impact for REITs in inflationary environments is their assets become inflated in capital terms compared with their signed-lease incomes. This means that the rate of return on the investment lowers.”

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NY veteran calls for 'next generation' approach to real estate

(4 days ago) New York-based fund manager Resource Real Estate Global Property Securities has called on Australian institutional investors to look beyond property as a passive investment and take a 'next-generation' approach to real estate investing.. RRS GPS Portfolio Manager Scott Crowe, in the country speaking with major Australian fund managers, said that property …

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Who are the Top Owners of Office Space Globally

(1 days ago) TH Real Estate, an affiliate of Nuveen, is one of the largest real estate investment managers in the world with $109 billion in AUM as of 31 December 2017. Nuveen currently manages more than $970 billion in assets for investors. Related reading: TH Real Estate Eyes Debt Strategy and Build-to-Rent in Australia

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