Oct 14 2017Add to Favorites
Marc Pallisco, The Sydney Morning Herald
AFL footballer-turned-property developer, Fraser Brown, is speculated to be paying more than $70 million for another development site in Melbourne's south-east.
The 48-hectare parcel at 205 Hardys Road in Clyde North, about 48 kilometres from the CBD, was marketed for its potential to be subdivided into 557 housing lots, leaving a 10-hectare portion for a commercial development.
SOURCE: The Sydney Morning Herald
Home loan approvals have fallen significantly off the back of the APRA and the Royal Commission initiatives together with new Responsible Lending Criteria. The ABS recently reported that home loan approvals have fallen by 13.6% year on year and within that, investment loans have come back by c.20%
Off the back of successfully settling a $48m syndicated first mortgage for a residential apartment development in Sans Souci just weeks ago, Sydney-based real estate investment manager Centennial Property Group (CPG) opened a new fund with a focus on the industrial and logistics market, Centennial Industrial and Logistics Fund II (CIL II). The fund, available only to wholesale and private high net worth investors, opened on 1 November and was seeking to raise c. $38 million. CPG closed the fund less than two weeks later, well before the official close date, due to oversubscription.
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