Festival Plaza Tower Two Gets Green Light Amid Heritage Debate
A 38-storey office tower has been approved for Adelaide's Festival Plaza, sparking debate amongst SA property professionals. Walker Corporation's 160-metre "Festival Tower," slated for completion in 2027-28, will accommodate up to 5,000 workers, adding significant commercial space to the CBD....
Uni Accommodation: A Solution to Australia’s Rental Squeeze?
Australia's rental crisis is prompting government intervention, with new policies requiring universities to increase student accommodation provisions to support international student growth. This initiative, reported by realestate.com.au, aims to alleviate pressure on the broader rental market, where vacancy remains tight...
JobSeeker Stoppage: What it Means for Aussie Property & Rentals
A recent audit reveals government failings in JobSeeker payment administration, impacting vulnerable Australians and potentially destabilising the rental market. The audit found 1,009 JobSeeker recipients had their benefits illegally cancelled due to ICT system failures following legislative changes. This can...
AUSTRAC’s Remitter Crackdown: Property Pros Need to Get Registered, Pronto
AUSTRAC is cracking down on inactive remittance businesses, urging deregistration to prevent exploitation for money laundering. This impacts Australian property professionals who must now exercise greater due diligence on clients using remittance services, especially for cross-border payments. Real estate agents,...
Brookfield’s Aussie Property Portfolio Powers Strong Q2
Brookfield Asset Management (BAM) reported strong Q2 results, with fee-related earnings up 16% year-over-year, driven partly by its Australian property portfolio. Key highlights include the $2.4 billion sale of Aveo Group, a major senior living platform, and the $2 billion...
Big Tech’s AI Content Grab: Property Sector Next in the Firing Line?
Opposition Leader Sussan Ley's concerns about big tech using copyrighted Australian content to train AI models have significant implications for the property sector. While the initial focus is on journalists and artists, the debate surrounding fair compensation for content creators...
