The Netherlands’ largest pension fund asset manager, APG, has provided an initial AUD220 million to invest in developing luxury student housing in Australia with the help of UK-based developer Scape Student Living. The joint venture has already acquired two development sites in Melbourne close to RMIT University.

Privately-owned property developer Crown Group plans to use the site of an office building it purchased in 2003 in Ashfield, Sydney to construct an $88 million apartment tower.

A U.S. survey has found that many borrowers would rather not visit a bank and prefer if the entire mortgage process moved online.