HASSELL wins Martin Place design competition


Yesterday - Property Week
Following a three-month design competition involving six local and international architects, HASSELL has been selected to design a new office tower at 60 Martin Place in Sydney’s CBD.

Hotel occupancy rates at record high


Yesterday - Property Week
Australia’s hotels recorded an occupancy rate of 68 per cent in 2014, a new high for the Australian market and an increase of 2.2 per cent on the previous year.

Sydney’s housing deficit shortfall to rise to 190,000

Sydney’s housing deficit shortfall to rise to 190,000

Sydney is facing a housing deficit that will rise by 190,000 unless local councils accelerate the number of new approvals, according to a new report.

Multimedia

Soapbox

Mixed messages on foreign investment

Tuesday, 03 Mar 15
What is Australia’s policy on foreign investment? The federal government can’t seem to make up its mind.

People Watch

Chris Mountford
20 Nov 2014
Chris Mountford is the Executive Director of the Queensland Division of the Property Council of Australia.

State by State

Property Council Divisions

space home state by state

We maintain offices in every state and territory around the country.
Check out your local advocacy and property news now:
  • Canberra office market posts highest office vacancy rates on record

    Canberra office market posts highest office vacancy rates on record

    05 Feb 15 - ACT Division
    The office market vacancy rate in Canberra increased over the past six months to its highest level on record according to the Property Council of Australia’s latest Office Market Report released today.


  • Sydney’s housing deficit shortfall to rise to 190,000

    24 Feb 15 - NSW Division
    Sydney is facing a housing deficit that will rise by 190,000 unless local councils accelerate the number of new approvals, according to a new report.


  • Darwin Office Market Vacancy on the mend

    05 Feb 15 - NT Division
    The Darwin office market vacancy has decreased in the last twelve months on the back of positive demand.


  • Brisbane CBD and Fringe Office Vacancy increases: renewal needed

    05 Feb 15 - QLD Division
    The vacancy rate in Brisbane’s CBD office market has climbed to a new record high of 15.6 per cent over the past six months according to the Property Council of Australia’s latest Office Market Report.


  • Tax reform needed to address office vacancy

    05 Feb 15 - SA Division
    Office vacancy in the Adelaide CBD commercial office market has posted a slight decrease over the last six months, largely due to withdrawals.


  • An opportunity for structural reform

    05 Feb 15 - TAS Division
    Hobart’s CBD office market vacancy rate has increased from 7.3 per cent to 8.9 per cent, due to supply addition and negative demand, according to the Property Council of Australia’s Office Market Report.


  • Rising demand and supply power Melbourne’s commercial growth

    05 Feb 15 - VIC Division
    Melbourne’s office market remains vibrant despite the Melbourne CBD vacancy rate edging up slightly from 8.5 per cent to 9.1 per cent according to the Property Council of Australia’s Office Market Report released today.


  • Congratulations To Chris Palandri

    13 Feb 15 - WA Division
    The Property Council is pleased to announce Chris Palandri as the new WA Property Council President.


  • Building for a Resilient 2015

    08 Jan 15 - Residential Development Council
    Strong ABS Building Approvals numbers recorded for November 2014, support ongoing activity in the pipeline for new homes to provide a much needed boost for housing supply and construction jobs, as we move into 2015.

Retirement Living

Nominate a rising star


21 Jul 14
The Rising Generation Award is an opportunity to celebrate the success of young individuals who display innovation and leadership in their work and uphold the values of the retirement living industry.

Super stress for retirees

Super stress for retirees

28 Jul 14 - Property Week
Current superannuation structures may soon lead to hundreds of thousands of retirees renting, downsizing or moving in with their children because of dwindling retirement funds, says Club Plus Super.

Sustainability

First 5 Star Green Star – Performance rating ...


09 Feb 15
Wollongong City Council’s Administration Building, on the NSW south coast, is the first Australian building to achieve a 5 Star Green Star – Performance rating, the highest of its kind.

Government reduces energy efficiency red tape

Government reduces energy efficiency red tape

23 Feb 15 - Property Week
The Property Council of Australia has welcomed the passage through the Federal Parliament of a long-overdue legislative amendment to streamline the disclosure of energy performance for office buildings.

Office

Finbar disposes of Gateway Building project


09 Feb 15
Finbar Group has sold the Gateway Building for $72.8 million in a sale that is expected to eventually deliver $20 million in cash for the apartment developer.

Sydney and San Francisco office investment yields lead the world

Sydney and San Francisco office investment yields lead the world

16 Feb 15 - Property Week
Globally, Sydney and San Francisco deliver the most attractive office investment yields, and Hong Kong and Tokyo the tightest, according to new research from Savills and Deakin University.

Residential

Housing starts the year in good health


09 Feb 15
CoreLogic RP Data Home Value Index results for January indicate a strong start to 2015 for the housing market, with capital city dwelling values up 1.3 per cent over the first month of the year.

Foreign investment rule changes imminent

Foreign investment rule changes imminent

09 Feb 15 - Property Week
Strengthening the compliance framework for foreign investment in residential to underpin record building approvals is emerging as a priority for the Abbott Government in 2015 with an announcement of rule changes expected shortly.

Retail

Retail vacancy rates continue downward trend


09 Feb 15
The second half of 2014 saw retail vacancy rates continue to decline, signalling a gradual improvement in leasing markets, according to JLL Research

Retail investment activity still growing

Retail investment activity still growing

23 Feb 15 - Property Week
Retail investment activity continues to grow, achieving record transaction volumes for the third consecutive calendar year, according to research from JLL.

Infrastructure & Planning

Sydney can’t afford to wait on infrastructure


23 Feb 15
New rail and road projects to tackle congestion will be deferred or axed under the NSW Opposition’s infrastructure plan without the revenue from asset recycling, according to the Property Council of Australia.

Let’s have the facts not fear on foreign investment

Let’s have the facts not fear on foreign investment

27 Feb 15 - Fiona Benson
The Property Council of Australia is calling for a facts-based debate on the Government’s proposal to introduce a federal stamp duty for foreign purchases of Australian real estate.

Capital Markets

Brookfield to build Melbourne apartment tower


19 Jan 15
Brookfield Multiplex has been appointed by Central Equity to build Australis Melbourne, a 46-level apartment tower located at 601 Little Lonsdale Street in Melbourne’s CBD.

Investors to boost global real estate allocation

Investors to boost global real estate allocation

27 Jan 15 - Property Week
Investment allocations in global real estate are set to rise due to low interest rates and low bond yields, according to survey results jointly published by international industry associations ANREV, INREV and PREA.

Advocacy

Concerns raised on NBN plan for new projects


02 Feb 15
The Property Council has formulated a submission to the federal government’s ‘Telecommunications infrastructure in new developments policy’, focussing on the key issues arising from the policy, which could impact residential developers and homeowners nationally.

ACT signs up for Asset Recycling Initiative

ACT signs up for Asset Recycling Initiative

23 Feb 15 - Property Week
The Commonwealth Government has signed the first of its asset recycling agreements with the ACT Government and will undertake a scoping study into the divestment options of six Commonwealth properties in Canberra.

Shop Front

Property Australia Summer 2014-15

Property Australia Summer 2014-15
Champion of change: The secret of Carol Schwartz's success

Research

  • January 2015 Office Market Report
    Total Vacancy by Capital City
    Sydney CBD 7.4% icon arrow green down
    Melbourne CBD 9.1%
    Canberra 15.4%
    Brisbane CBD 15.6%
    Perth CBD 14.8%
    Adelaide CBD 13.5% icon arrow green down

    Visit www.propertyoz.com.au/officemarketreport for more information.


     

  • Q3 2014 Investment Performance Index
    Total Annual Returns by Sector
    All Property  9.9% green arrow up
    Retail  10.0% green arrow up
    Office  9.3% green arrow up
    Industrial  11.4%
    MSCI AU Real Estate Equities Gross in Local Currency  14.3% green arrow up
    MSCI Australia Equities Index Gross in Local Currency  6.3%
    CBA Bond: All Series, All Maturities  7.9% green arrow up
    Visit IPD Australia's website for more information.
  • May 2014 Construction Activity Forecasts
    Annual Growth Rates by Sector
    Residential (3 Year) 4.3%
    Residential (6 Year) 2.3%
    Residential (9 Year) 2.2%     
    Non-Residential (3 Year) 0.4%
    Non-Residential (6 Year) 0.6%
    Non-Residential (9 Year) 1.1%
    Engineering (3 Year) -5.4%
    Engineering (6 Year) -3.8%
    Engineering (9 Year) -1.8%
    Visit www.cfc.acif.com.au for more information.
 

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