Apollo and Ares are expected to be among the most competitive of the seven known bidders hoping to buy Rio Tinto’s power plants and lines in Pilbara and Canada.

#gic #apollo #rio

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‘Extraordinarily weak’: Fewer than half homes sold at auction

Property & Real Estate

3w ago

‘Extraordinarily weak’: Fewer than half homes sold at auction

Would-be buyers, worried about the prospect of another rate rise, are taking a step back. Meanwhile, too many sellers still won’t meet the market.

#extraordinarily #interest-rates #extraordinarily-weak

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Former ANZ boss Shayne Elliott lists Toorak home with $11.9m hopes

Property & Real Estate

3w ago

Former ANZ boss Shayne Elliott lists Toorak home with $11.9m hopes

Elliott departed the big four bank last year. The listing of his Toorak mansion comes amid a property downturn where even the prestige market is suffering.

#anz #shayne-elliott #toorak

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Double whammy predicted for new home building

Property & Real Estate

3w ago

Double whammy predicted for new home building

A warning from the Reserve Bank’s deputy governor sent expectations for rates up and for house prices down. That’s bad for residential construction.

#rba #australia

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It’s property versus shares in horse racing’s heavyweight battle

Property & Real Estate

3w ago

It’s property versus shares in horse racing’s heavyweight battle

Top fund manager Geoff Wilson and Melbourne property giant Ozzie Kheir will face off in a unique edition of the Cox Plate.

#racing #heavyweight #battle

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Dentist and battery guru behind $33m Mosman showstopper

Property & Real Estate

3w ago

Dentist and battery guru behind $33m Mosman showstopper

Amy Sacco and husband Bevan Dooley, parents of seven, demolished the former family home of Gai and Robbie Waterhouse and replaced it with a designer mansion.

#mosman #sacco #amy

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If you can’t beat ’em, join ’em: Property fund swings into lending

Property & Real Estate

3w ago

If you can’t beat ’em, join ’em: Property fund swings into lending

Garda has sold off its remaining portfolio, $300 million of warehouses, confident it can generate better returns as a property lender than a landlord.

#garda #fund

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Mirvac says home sales slumped by almost a third in three months

Property & Real Estate

3w ago

Mirvac says home sales slumped by almost a third in three months

One of the country’s largest home builders has warned that rising interest rates and changes to property tax concessions are creating a challenging market.

#interest-rates #mirvac #sales

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Nassif family list Sydney’s biggest mansion with $45m price tag

Property & Real Estate

3w ago

Nassif family list Sydney’s biggest mansion with $45m price tag

An 11-bedroom mega-mansion on the outskirts of Sydney has a price guide below replacement cost - and is set to smash The Hills District record.

#nassif #sydney #hills

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