Latest Property News

Critical Resources has bolstered its Mavis Lake lithium project by staking new claims at the Red Hat gold target in Ontario, spotlighting a historical high-grade gold intercept that sharpens exploration focus.

BWP Property Group posted a 54% jump in statutory net profit for FY26, driven by management internalisation, lease resets with Bunnings, and strategic acquisitions. Distributions rose 4.1%, with Moody’s upgrading the credit rating to A3 stable.

Mirvac Group delivered a robust FY26 with a 7% rise in operating profit to $508 million, a staggering 896% jump in statutory profit to $677 million, and announced a $200 million on-market buy-back, signalling confidence in its growth trajectory.

PEXA has lodged a detailed response to IPART’s draft report on ELNO service fees, revealing FY26 transaction volumes and flagging a downturn in FY27 amid economic headwinds. The company backs its case with independent expert critiques and awaits regulatory outcomes.

Aspen Group delivered a robust FY26 with 27% profit growth and an 11 cents distribution, underpinned by rental portfolio expansion and a 71% surge in development profit. The company also upgraded its FY27 guidance, supported by fresh development approvals and strategic acquisitions.

HealthCo Healthcare & Wellness REIT delivered strong FY26 results with 100% rent collection and solid portfolio metrics, while progressing alternative lease arrangements for its Healthscope hospital portfolio.

CSL Limited’s FY2026 results reveal modest revenue growth offset by a multibillion-dollar statutory loss driven by restructuring and impairments, alongside a maintained dividend and a strategic focus on sustainable growth.

Region Group (ASX: RGN) delivered solid FY26 results with a 3.2% increase in Funds From Operations per security, a 9.8% total security holder return, and a leadership change as Greg Chubb took the helm as CEO.

CVC Limited has decided to let its option to purchase the Liverpool project lapse, triggering a $13 million write-down but avoiding a major cash outflow. The vendor will refund approximately $46 million over coming months, cushioning the financial impact.

Mesoblast has treated 350 patients in its pivotal Phase 3 trial for rexlemestrocel-L, targeting chronic low back pain linked to degenerative disc disease, setting the stage for top-line results in mid-2027.

Haranga Resources has secured 60 acres adjacent to its Lincoln Gold Project in California’s Mother Lode, enhancing exploration flexibility and infrastructure options for a high-grade gold resource with multi-million ounce potential.

Synertec Corporation Limited (ASX:SOP) reported a 19% revenue increase in FY26 alongside its first net operating cash inflow since FY19. The company raised approximately A$6 million through an institutional placement to support working capital and growth initiatives while reaffirming FY27 revenue guidance.