BUOYED by the strength of the St Kilda Rd office market, SC Capital Partners will splash $40 million on refurbishing the newly acquired former police complex, which had been slated for a Zaha Hadid-designed apartment project. The Singapore-based group has paid $107.08 million for the vacant 412 St Kilda Rd tower on behalf of its RECAP Fund series, continuing a run of sales along the CBD fringe…

AUSTRALIANS are taking advantage of lower interest rates to get in front. Fitch Ratings shows the mortgage prepayment rate has rebounded from a 19-year low and arrears also fell in the third quarter. Fitch Rating’s latest Dinkum RMBS Index for 3Q19 shows the borrower payment rate (BPR) increased by 320bp to 21.4% in 3Q19 from the previous quarter, while the conditional prepayment rate (CPR)…