APRA deflates fears of bubble
The banking regulator has weighed into renewed fears that the nation’s housing “bubble” is about to burst, claiming the $4.6 trillion banking system is better placed than other nations to handle any...
View ArticleNew park in the sky for Melbourne city
Melbourne's unique laneways and a New York-style elevated public park will be incorporated into a $1.9 billion development linking the CBD with Docklands.The Melbourne Quarter project, to be built over...
View ArticleBob Day defends Huxley Homes
Family First senator Bob Day says a housing company he founded has had problems in the past, but has since improved its operations.Huxley Homes, one of a number of housing construction companies linked...
View ArticleHome lending growth stalls
Investors are walking away from the property market in droves, stalling bank lending growth even before the recent debate about winding back negative gearing benefits.In a weak start to the calendar...
View ArticleLabor plan would smash housing: PM
Malcolm Turnbull says Labor’s negative gearing changes will make every home “worth less” as he described Bill Shorten’s policy as ill-thought out and dangerous.But Labor says the Prime Minister is...
View ArticleLabor’s hit on property investors
Bill Shorten will today unveil bold plans to limit negative gearing to new houses and halve capital gains tax concessions from July next year, but faces a backlash from the property industry which has...
View ArticleWA reaps $135.5m from Market City sale
Market City has become the first asset sale announced by the West Australian government after a $135.5 million bid by Perth Markets.The industry consortium, led by the Chamber of Fruit and Vegetable...
View ArticleLabor pressured on negative gearing
Federal Labor faces pressure from NSW members of the party to wind back negative gearing and superannuation tax breaks.Labor's NSW state conference to be held this weekend will debate a raft of motions...
View ArticleForeign investors retreat from UK real estate
Overseas investors have pulled back from the UK commercial real-estate market, a signal weak oil prices and volatile stockmarkets continue to bite, according to a survey of property agents. Demand for...
View ArticleUS home purchases rebound in Dec
US home sales rebounded in December after new federal regulations delayed the completion of purchases in November, while total sales in 2015 were the highest in nine years.The National Association of...
View ArticleLend Lease to sell retirement villages
Lend Lease is believed to have placed its New Zealand retirement business on the market, with Goldman Sachs understood to be advising on the transaction.The listed group manages 77 retirement villages...
View ArticleBrisbane property tipped to shine in 2016
Brisbane's residential property market is expected to shine in 2016, while Perth is approaching the bottom of the cycle, property developer Cedar Woods says.Chief executive Paul Sadlier said Brisbane's...
View ArticleMacquarie eyes Asian partner for Mirvac buy
Further evidence is emerging that Macquarie Group has regained its appetite for direct real estate investment, with the Australian listed bank preparing a partnership with an Asian party to buy Mirvac...
View ArticleCalls grow for home sales tax
Former Australian of the Year Simon McKeon has thrown his weight behind an idea to tax profits on the sale of homes worth over $2 million.Mr McKeon, who currently serves as chairman of AMP, told...
View ArticleReal estate underquoting in focus
Victorian property agencies suspected of underquoting are being targeted by property watchdogs.Six agencies have been raided as part of a statewide blitz to curb unethical pricing behaviour.Consumer...
View ArticleRoy Morgan evicted from office
Roy Morgan staff in Melbourne have been locked out of their building following a dispute with their landlord over a lift.Impact Funds Management, acting for the landlord, evicted the 70-year-old...
View ArticleBid to thwart Dexus
Plans by the Investa Commercial Property Fund to launch a rival offer for Investa Office Fund to counter a move made by Dexus last week are thought to be accelerating.Apparently, ICPF now has 99 per...
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Perth property owners brace for more pain
Perth property owners are bracing for a turbulent year as rising unemployment, falling house prices and an oversupply of rental properties creates a perfect storm.Slowing population growth and a large...
View ArticleVicinity plots portfolio shake-up
Shopping centre giant Vicinity Centres has identified up to $1 billion of non-core properties that it could sell as part of its plans to shake-up its $22 billion portfolio.The company -- which was...
View ArticleFocus on Investa as offers loom
Investa Office Fund is expected to remain under scrutiny this week, with suggestions groups such as Charter Hall, Cromwell or private equity firm Blackstone may lob offers by next Monday to rival the...
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