HINES BUYS QUEENSLAND COLD STORAGE PROPERTY FOR APAC FLAGSHIP FUND

US developer and investment manager Hines has acquired a cold storage property in Queensland on behalf of its flagship Asia Pacific fund, marking the vehicle’s second acquisition in the northeast Australian state and seventh industrial asset overall in the country. The property in Ormeau, a suburb midway between Brisbane and Gold Coast, is the first …

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Gold Coast fitness model takes the keys to ‘ASX Wolf’ Tyson Scholz’s luxury home

A Gold Coast fitness model who splashed $4.61 million on a mansion owned by fallen financial influencer Tyson Scholz has listed her own Las Vegas-inspired trophy home on Sydney’s leafy north shore. Bikini competitor and mum-of-two Francine Baba said her heart was pounding as she made the winning bid for the Hamptons-style home in a …

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Moving on up: significant growth forecast for first business to move into new CBD building

The first tenants to move into a newly completed $10 million office building at the gateway of the new Maroochydore CBD have a few reasons to celebrate. Local accounting firm Yield Advisory has become the first official tenant to move into Evans Long’s latest commercial building, A1 on First Avenue. Yield director Lachlan Ballinger said …

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What the median house price could buy you in commercial property

Investing in bricks and mortar assets means making a choice: residential or commercial property? While requiring more capital up front, commercial assets can offer investors longer lease periods with fixed increases and a higher rate of return compared to residential property. And it doesn’t have to cost more than the average home. We take a …

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City Beat: Brisbane unit market insights for February

Brisbane unit values continued to show signs of improvement over February, as overall market sentiment across the country saw dwelling value declines flatten. CoreLogic’s March Home Value Index showed that, for the first time since August, units values in Brisbane didn’t decline. They didn’t rise either, with CoreLogic suggesting they stayed flat over February. The …

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Best conditions in years: Why now is the time for hopeful first-home buyers to strike

Despite some gloomy headlines, now could be the best time in years for hopeful first-home buyers to strike thanks to several combining favourable factors, experts say. Home prices have slipped in many parts of the country over the past several months, down 3.9% nationally from a peak in March last year, making conditions easier for bargain …

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5 reasons buyers are flocking to Springfield Rise

The desire for brand-new homes continues and buyers are hunting for a place that meets all their expectations. Celebrating its 30th birthday this year, Springfield (a 35-minute drive from Brisbane CBD) is home to 50,000 people. With all the amenities and services of a big city, Springfield Rise, a new suburb of Greater Springfield, has …

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The Gold Coast’s best penthouses on the market

JAW-DROPPING views, hefty price tags and unforgettable heights. The Gold Coast is renowned for its beachside penthouses and there’s been a flurry of sky-high apartments hitting the market. These are some of the Glitter Strip’s penthouses currently for sale: 42/11 Peak Ave, Main Beach Price: Contact agent The ultimate in luxury penthouse living beckons in …

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Gold Coast block of land sells for $7.5m

ONE of the “best blocks” on the northern Gold Coast has sold in a deal worth a staggering $7.5 million. The double block at 19-21 Knightsbridge Parade West, Sovereign Islands includes 1407sq m of north-facing waterfront land. Amir Prestige’s Amir Mian and Jeanette Schmidt brokered the multimillion-dollar sale and said the buyers were from NSW’s …

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