Offshore buyers grabbed a larger slice of Australia’s commercial property market in 2015, accounting for 41 per cent of all transactions. Data complied by CBRE found that $28.4 billion of office, industrial and retail property (valued at more than $5 million) changed hands last year.

A Perth family claims 70 acres of land it bought near Mandurah almost 20 years ago is now worthless after the state government recently valued the property at “zero” because it was reserved for open space.

Apartment developers from Sydney and Melbourne are heading to Qld following buyers priced out of the southern cities to Brisbane and the Gold Coast. Half a dozen developers have purchased more than $100 million worth of development sites in the last few months with close to $1 billion worth of apartments planned.