Latest Residential Property Development News

Finbar Group has secured development approval for its Leeder Residences in West Leederville, boosting the project's estimated end value to $265 million. The two-tower development will deliver 244 apartments and is set to start pre-sales in late 2026.

Millennium & Copthorne Hotels New Zealand (NZX:MCK) reported a 12% revenue increase and a 58% rise in profit before tax for the first half of 2026, driven by hotel refurbishments and growing room availability despite softer property sales.

Finbar Group has wrapped up its $114 million Bel-Air Apartments development in Belmont with titles issued and settlements set to begin late June. The company maintains its FY26 net profit guidance between $18 million and $22 million despite some settlement timing uncertainty.

Cedar Woods Properties has secured over 740 new townhouse and apartment lots across Victoria and Queensland, boosting its medium-term development pipeline while maintaining a strong sales and earnings outlook.

Peet Limited has upgraded its FY26 net profit guidance by up to 17%, driven by accelerated construction and robust market demand in Western Australia and Queensland.

Finbar has completed settlement on a prime West Leederville site and lodged a development application for a $230 million mixed-use project featuring 240 apartments and commercial space, aiming for earnings impact in FY2029/FY2030.

Aspen Group (ASX: APZ) has delivered robust operational and financial results for the nine months ending 31 March 2026, showing significant growth in rental income, development profits, and earnings. The company confirms it remains on track to meet its full-year guidance for FY26 and FY27 amid a supportive market environment.

Tian An Australia Limited reported a remarkable turnaround in FY2025, posting a statutory profit of $23.4 million on $84 million revenue, driven by the completion of The Henley, Enfield project and a significant gain from debt restructuring.

Peet Limited has reported a robust half-year performance with statutory profit doubling and a significant dividend increase, underpinned by strong sales and settlements across key Australian markets.

Zimi Limited has landed a significant contract with Homecorp to supply smart home devices for nearly 300 apartments in a major Gold Coast development, marking a milestone in smart technology adoption in residential construction.

Finbar Group has achieved over 70% presales for its Palmyra West Apartments project, signalling strong market demand ahead of construction starting in March 2026.

Finbar Group has conditionally acquired a prime South Perth site for $16.5 million, aiming to launch a $350 million apartment development by 2028 and boosting its pipeline to over $1.6 billion.