A judge has ordered a Sydney law firm to pay $427,000 to a former client after finding it drafted a defective notice in a land sale and defended proceedings that came about because of its own negligence.
The ACCC has confirmed it is investigating real estate listings giant REA Group, saying it was concerned to ensure “strong competition” in the real estate industry.
The liquidators of a company created to invest in a $2.2 million Adelaide property have asked the High Court to reinstate a judgment that found a mortgage that sent the company into liquidation was an unreasonable director-related transaction and could be voided.
Real estate fund manager Charter Hall has secured leases for 90 per cent of its $850 million Light Horse logistics hub in Eastern Creek, Western Sydney.
The Beach Hotel in Byron Bay has reportedly changed hands for $140 million — the second highest price paid for an Australian pub.
Surfers Paradise’s Cavill Lane retail precinct has been sold for $31 million to investment management companies Boston Global and The Property Factory.
Companies can expect to pay 60 per cent more to rent out floors with views in Sydney’s premium office towers, according to a report by commercial real estate broker CBRE.
Real estate listings giant REA Group faces questions by the Australian Competition and Consumer Commission over its subscription offerings.
Developer Thousand Hills Property has won an appeal in its fight with LBA Capital over a scuttled property deal for NDIS housing, with an appeals court accepting that LBA repudiated the deal in an email sent by its former director.
Real estate funds manager Centuria Capital Group has taken advantage of surging investment demand, selling three industrial assets in southern Queensland for an average sales premium of 25 per cent.