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Boldstone has completed settlement on a large residential development site at Cotswold Hills in Toowoomba, Queensland, with an estimated end value of about $400 million. The acquisition positions the group to progress a major new housing project in the Toowoomba growth corridor.
8:11 PMPropertymarkets NewsPrime Urban Group has finished Stage One of its $55 million Prime Business Park Bendigo, with tenants now operating on the 5.51 acre site as it approaches full occupancy. The project is progressing as a regional employment and light industrial style hub.
7:51 PMPropertymarkets NewsWestpac says mortgage applications are tracking toward their weakest quarter in a year as recent tax changes reduce demand from property investors. The bank is seeing softer borrowing interest tied directly to shifting investor incentives.
7:24 PMBloomberg MarketsSummary
Boldstone has completed settlement on a large residential development site at Cotswold Hills in Toowoomba, Queensland, with an estimated end value of about $400 million. The acquisition positions the group to progress a major new housing project in the Toowoomba growth corridor.
Why it matters
A large greenfield deal in Toowoomba points to more housing supply coming, with direct implications for affordability, construction pipelines, and growth expectations in regional southeast Queensland.
Summary
Prime Urban Group has finished Stage One of its $55 million Prime Business Park Bendigo, with tenants now operating on the 5.51 acre site as it approaches full occupancy. The project is progressing as a regional employment and light industrial style hub.
Why it matters
High occupancy delivery in regional hubs signals where commercial demand is durable outside major capitals and where new supply can still clear.
Summary
Westpac says mortgage applications are tracking toward their weakest quarter in a year as recent tax changes reduce demand from property investors. The bank is seeing softer borrowing interest tied directly to shifting investor incentives.
Why it matters
A sustained drop in investor mortgage demand can cool price growth and tighten revenue momentum for banks that rely on housing credit.
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