Property developer Villa World has entered into a binding agreement with Avid Property Group in a $293.6 million takeover deal. Under the scheme, ASX-listed Villa World agreed to $2.3451 cash per share. Independent chair of Villa World Mark Jewell said once the scheme is implemented shareholders will receive a cash payment at a “meaningful premium to the…
Brisbane’s apartment vacancy rate fell to just 1.6 per cent in March, driven lower by a slowing decline in supply and continued population growth. Brisbane’s vacancy rate tightened by 0.6 per cent from the previous quarter according to a new report by property consultants Urbis. Comparatively, the Real Estate Institute of Queensland (REIQ) recorded a…
Mirvac will kick off construction on its Everton Park project later this year, the development will feature 124 residences including a mix of homes and townhouses located seven kilometres from Brisbane CBD. The development approval, granted by Brisbane City council, comes after community pushback and an appeal made against the project. Mirvac has since reduced…
Research from the Australian Housing and Urban Research Institute (AHURI) consistently shows that regardless of which funding or financing model is used to provide social housing, there is a gap between what it costs to build and manage social housing and the amount low-income tenants can afford to pay to live in it. While rent…