Real Estate

HighlightBillionaire Dennis Bastas has reportedly paid a record $136.1m for a Toorak mega estate.The landmark sale sets a new benchmark at the very top of Australia's prestige property market.Record trophy home sales reflect extremeWealthandDemandfor the most exclusive properties.The top end often performs differently from …

HighlightThe founders of Sonoma Bakery have paid around $13m for a mansion formerly owned by a Lendlease CEO.The sale reflects continued strength in the prestige and luxury end of the property market.High-end property is often more resilient than the broader market, supported by wealthy …

HighlightThe Deague family has listed a $33m Toorak estate after buying a $21m penthouse.The moves reflect activity andWealthat the prestige end of the Melbourne property market.Toorak is one of Australia's most prestigious suburbs, home to trophy properties and wealthy owners.High-value transactions signal confidence andDemandin …

Sydney's eastern suburbs are home to some of the most valuable and sought-after real estate in Australia, and a reported high-profile purchase has put the spotlight on the prestige market once again. Singer Delta Goodrem has reportedly bought an $11 million mansion in Rose …

HighlightConstruction giant Multiplex has received a $500m cash boost following three years of losses.The injection reflects the financial pressures facing builders amid rising costs and tough conditions.Construction has been squeezed by cost increases, fixed-price contracts and project challenges.TheCapitalstrengthens Multiplex's position but underscores the sector's …

Cedar Woods operates on a long-dated development model — acquiring well-located sites, obtaining planning approvals, undertaking civil and vertical construction works, and selling lots or completed dwellings to end buyers. The company's presale model, where a significant proportion of futureRevenueis contracted before construction commences, …

The gain came as the A-REIT sector rose 0.183%, reflecting investor appetite for defensive yield and value in property. United Overseas Australia's move outpaced the broader property sector's gain, suggesting that, alongside the day's defensive rotation, there may have been some company-specific interest in …