Larry Schlesinger

Rising real estate values and new developments have underpinned growth of the Queensland-dominated sector.

StorHub, backed by Warburg Pincus, has acquired three self-storage facilities for over $110 million, expanding the number of sites it owns to 11.

Just 63 per cent of homes sold under the hammer this past week, according to CoreLogic, while Domain recorded an even lower figure of 57 per cent.

The three big Ds – death, divorce and downsizing – plus land tax bills are behind an unprecedented surge in mansions on the market in Melbourne’s Toorak.

Tim Storey’s renovated East Melbourne home includes an underground cigar and wine tasting room, as well as a spa with a sauna and flotation tank.

The $80 million apartment hotel is the Hong Kong chain’s first in Australia, and fills a gap in the market.

The vendors of the 1540-square-metre site in Melbourne’s Toorak are aiming for a record. But veteran buyer’s agent David Morrell says it’s grossly overpriced.

A tripling of builder insolvencies and the challenges of obtaining financing has made it much harder for Sydney developer to get apartment projects under way.

Oscar Ledlin has tapped into the Instagram generation to build his fast-growing commercial property empire, but there have been falls along the way.

Orchard Piper has launched a $300 million apartment and hotel project joining the likes of Tim Gurner, Cbus Property and Peter Devitt with projects on St Kilda Road.