Inside track: Property & Real Estate - in the media and cases

In the media Commonwealth

Property investors lose hundreds of thousands of dollars through unregulated real estate advice Even though residential real estate has generally been a strong investment for people over the past few decades as Australia went through its biggest ever property boom, plenty of people have lost money, especially buying off-the-plan or new developments (25 October 2019). More...

'No-go' lending zones: Development defaults rise in Sydney and Melbourne Receivers and managers are preparing for an increase in workloads as investors default on loans when pre-sales of residential projects fail to materialise. One of the highest-profile collapses has been the Raylan Group, but there are more projects in the wings that are teetering on the edge, according to receivers and managers (23 October 2019). More...

Majority of new apartments worth less than purchase price, data shows Shaky confidence in the capital city apartment market is hitting off-the-plan buyers hard, with a rise in the number of newly constructed units now worth less at completion than the price they were originally purchased for (21 October 2019). More...

Victoria

Next step for the new central Dandenong There has been strong interest from the private sector in a mixed-use development worth up to $300 million under the Andrews Labor Government's Revitalising Central Dandenong project. Following the conclusion of a Request for Proposal process in 2020, Development Victoria will work with the successful developer to consult with the local community and businesses during the design phase, in collaboration with the City of Greater Dandenong (24 October 2019). More...

Charter Hall lodges plans for 150 Lonsdale Street Fund manager Charter Hall...