Australian Property Markets News

A further boost to already improving sentiment in property markets has been put on hold along with the cash rate in the Reserve Bank of Australia’s (RBA) decision today, according to Knight Frank. As widely expected, the RBA has left the official cash rate on hold at 4.1%, following a cut of 25 basis points in February, from 4.35% to 4.1%. Knight Frank Australia’s Chief Economist Ben Burston said: The decision to hold rates steady today was widely anticipated and indicates that the RBA wants to see firmer evidence of declining inflation in the full Q1 data release in late April. https://lnkd.in/g_4vHBH9 #KnightFrank #RBA #RateCut #CashRate #CommercialProperty #PropertyNews

Construction on Tipalea Partners’ brand new $50 million Spring Farm Village has officially commenced, and Kingston locals will be shopping in the next-generation retail centre by the middle of next year. The milestone was celebrated with a soil turning ceremony on site today with the Mayor of Kingborough, Cr Paula Wriedt in attendance along with numerous other VIP’s including John Carrington, Coles Regional Manager for Tasmania and Paul Ransley, General Manager at Fairbrother. Scott Spanton Philip De Jong https://lnkd.in/g56ZNEGF #TipaleaPartners #Kingston #RetailCentre #Construction #SpringFarmVillage #PropertyNews

Colliers is excited to bring a commercial opportunity to market in the Adelaide Hills community of Lobethal. Spanning two Certificates of Title, 60-60A Main Street occupies a 2,958sqm* landholding within Lobethal’s commercial and retail precinct. The existing improvements comprise a large character building of 828sqm*, which features a large, open-plan commercial/retail space complemented by individual rooms. The building boasts large glass-fronted shop fronts which extend along the property’s 44.3m frontage, providing excellent natural light. Rhys Newman Jack Dascombe https://lnkd.in/gFvQsJ4c #Colliers #ForSale #Commercial #Retail #Lobethal #Redevelopment #PropertyNews

In a move described by one of Australia’s leading mortgage brokers as a “game changer”, first home buyers have a new way to increase their income by $650 per month, which could be the difference between home ownership or renting. Founder of Madd Loans George Samios, who is also a multiple winner of the Finance Brokers Association of Australia ‘Finance broker of the year award’, has revealed that only days ago a major bank has changed its policy to allow first home buyers to rent out a room, and use the rental income to service the loan, while still being able to access government first home buyers grants. https://lnkd.in/g4nxUMZb #MaddLoans #Mortgage #HomeBuyers #Residential #Loan #Housing #PropertyNews

Long-standing family-owned and operated South Australian businesses have traded a food processing and distribution facility for $4.85 million in an off-market deal. Slape & Sons - producer of premium sausages, burgers, rissoles and chevapchichis - will be handing over the keys of the 1,724sqm facility to the popular and multi-award-winning ready-made meals brand Enzo’s At Home. McGees Property Adelaide’s Marco Onorato and Ross Christodoulou negotiated the significant sale. https://lnkd.in/gWf_58s2 #McGeesProperty #Sold #IndustrialProperty #RealEstate #Newton #PropertyNews

A strategic and rare freehold opportunity in one of Sydney’s most tightly held large format retail, trade and automotive precincts has come to market. The freestanding multi-tenanted large format retail and showroom centre at 27 Victoria Avenue in Castle Hill provides an unprecedented opportunity of occupation, investment and redevelopment potential, which is underpinned by existing income from national occupiers including BCF, Ultra Tune and Pizza Hut. The Colliers team of Paul McGlynn and Harrison Jones have the exclusive listing, with price expectations in the order of $25M. https://lnkd.in/g3bYEWNe #Colliers #ForSale #Retail #Redevelopment #Investment #PropertyNews

Leading developer Kokoda Property Group has acquired a new site on Burnley Street in Richmond to deliver its first commercial project. Located at 418 Burnley Street, Kokoda Property’s vision for the 854sqm corner site is to deliver a boutique nine-storey tower designed by Kokoda Property in collaboration with Chris McCue of Studio McCue. Designed by Studio McCue, the building will feature commercial floorplates across nine levels, each with aspects to the north-east, south and west, capped by an expansive rooftop terrace. Mark Stevens https://lnkd.in/gQxkPHyT #KokodaPropertyGroup #Commercial #Development #Richmond #RealEstate #PropertyNews

Bradfield International Real Estate (BIRE®) is proud to announce the listing of a premium commercial development opportunity at 90 Gurner Avenue, Austral, now available via Expression of Interest.   Neighbouring a Woolworths-owned site earmarked for a future supermarket, this 9,987sqm* B1 Neighbourhood Centre-zoned parcel is perfectly positioned within one of Sydney’s fastest-growing residential and retail precincts. Nick Estephen Thomas Mosca https://lnkd.in/er4wJn8q #BIRE #ForSale #Development #Landholding #Commercial #Austral #PropertyNews

Bradfield International Real Estate (BIRE®) is proud to offer for sale 430 Western Road, Kemps Creek, a strategically located 9.1 Acre* landholding within the rapidly expanding Rossmore Precinct, a pivotal component of the Western Sydney Aerotropolis.   This significant landholding arrives on the market at a pivotal moment, as investment into the Western Sydney Aerotropolis has reached unprecedented levels. According to recent BIRE Research, annual transaction volume for Aerotropolis properties soared beyond $1.4 billion AUD in 2024, more than double the previous year’s figures, highlighting the intense investor interest and confidence in the region’s long-term growth prospects. Nick Estephen Thomas Mosca https://lnkd.in/ejsWhRR9 #BIRE #ForSale #Development #Landholding #KempsCreek #PropertyNews

National property investment group and developer, Centennial has acquired one of Brisbane's premier inner-city waterfront retail precincts at Portside Wharf, Hamilton for $59.4m. Purchased from Brookfield Asset Management and brokered by CBRE, the sale of the landmark retail asset went unconditional on March 28 and comprises a 100 per cent interest in 68 retail tenancies offering a combined net lettable area (NLA) of 13,731sq m, plus 398 car spaces and a substantial “wet lease”. Anchor tenants include national chains, Dendy Cinemas, Subway and IGA, plus a diversified tenancy mix spanning fine dining, entertainment, retail, services and allied health categories to reflect the precinct's broad customer demographics comprising local residents, visitors and tourists.  Paul Ford Adrian Taylor https://lnkd.in/gZbtFPwD #Centennial #Acquisition #PortsideWharf #RetailProperty #PropertyNews