Townhouse site sales lift as attention shifts to Sydney’s ‘missing middle’

Wednesday 17 May 2017

Townhouses are emerging as the next hot ticket item for investors and developers looking to capitalise on Sydney’s residential ‘boom’, amid the State Government’s push to develop the ‘missing middle’ of NSW’s housing sector. CBRE’s Xavier Rahme said over the past nine months, investor demand had shifted from apartment development sites to those that could

South Melbourne supersite records 86 per cent price gain over three years

Wednesday 29 March 2017

A South Melbourne supersite with over 200 metres’ of prominent street frontage has sold for more than $41 million – representing an 86% price gain since it last transacted in 2013.  CBRE’s Victorian Development Sites team of Mark Wizel, Julian White, Lewis Tong and Bianca Butterworth negotiated the sale of the high profile portfolio, comprising

Chinese resurgence underpins multimillion-dollar sales frenzy

Tuesday 27 September 2016

A recent flurry of close to $50 million worth of commercial property transactions in South West Sydney will pave the way for a wave of new development over the next decade.  CBRE’s Investment & Development Properties team has transacted $44.45 million in commercial property over the past four weeks, underpinned by a resurgence of Chinese

Residential market spurs development site sales across Melbourne

Thursday 21 July 2016

The continued strength of Melbourne’s residential market has underpinned the sale of two development site sales for close to $5 million.  An offshore developer has secured two residential lots at 27-29 Jasper Road in Bentleigh for $3.01 million at auction.  The 1,405sqm property was sold with approved planning for 24 residential units over three levels

Baby boomers driving North Shore residential site sales

Wednesday 20 July 2016

Developers are continuing to target Sydney’s north shore market, snapping up sites to cater to ongoing demand from downsizing baby boomers. Nick Heaton, from CBRE’s Capital Markets team, said the North Shore apartment market was witnessing its strongest levels of growth in recent years. Development sites positioned between Northbridge to Manly and across to Cremorne

Australian residential markets to remain strong

Monday 4 April 2016

 Despite softening price and slowing rental growth from the strong results in the past few years, rapid declines in value for Australian residential markets are not expected according to the latest Australia Residential MarketView report from CBRE. CBRE Senior Research Manager, Sam Reilly, said economic growth is forecast to improve modestly throughout 2016 and stability

Melbourne reaches top of development cycle

Monday 4 April 2016

Melbourne building approvals will continue to decline in 2016, as the city reaches the top of the development cycle according to the latest Australia Residential MarketView report from CBRE. CBRE’s Victorian Residential Valuations Director, Greg Gerry, said the historically high building levels witnessed over the past few years means there is now a substantial supply

Residential markets plunge as resource towns come off peak of mining boom

Tuesday 20 October 2015

Property prices in Australia’s regional resource hubs have plunged by up to 74% over the past three years, as the market comes off its peak after riding the mining boom for more than a decade. CBRE’s Australian ViewPoint, Volatile pricing in mining towns, shows mining towns are now seeing the flipside of the cycle, as