Solido Capital funds developers as banks withdraw

Solido Capital’s Michael Corcoran and Beau Quarry aim to back small and medium developments. Michael Corcoran, a veteran developer and the national president of the Urban Development Institute of Australia, has joined with wealthy private investor Gavin Donnelly to form Solido Capital and provide finance for development site acquisitions, construction and residual stock funding. “We[…]

Future residential developments to look to new district plans for targets

“For the first time we have a long-term vision; not having just a short-term view, but a long-term goal,” CEO of the Greater Sydney Commission Sarah Hill said. Future residential projects in Sydney would have to follow targets within the Greater Sydney Commission’s newly released district plans, which include a 5 to 10 per cent[…]

NAB Quarterly Australian Residential Property Survey: Q3 2016

03 November 2016 NAB Quarterly Australian Residential Property Survey: Q3 2016 Economic commentary By NAB Group Economics The NAB Residential Property Index improved to +15 from +3 in Q3, with sentiment rising in all states except SA/NT. NSW leads the states at +53 (up from +23) and Victoria improved notably to +40 (up from +23).[…]

Units and Houses now even hotter property in Victoria

Units and houses now even hotter property in Victoria, with buyer demand up: REA Group report November 10, 2016 12:01am SAMANTHA LANDY Buyer demand for units in Victoria is up, according to REA Group. Picture: Rob Leeson. It’s common knowledge houses are in serious demand in Victoria, but new research reveals the state’s apartments are[…]