Centuria abandons float plans: report
Centuria Capital Ltd has abandoned plans to float a listed property trust after failing to raise the $215 million it needed, The Australian Financial Review reports. According to the newspaper, the...
View ArticleCharter Hall Group FY profit rises
By a staff reporter Charter Hall Group Ltd is tipping earnings growth of 7 per cent in the current year on expectations investors will seek to capitalise on the low cash rate by increasing their...
View ArticleAbacus Property posts steep rise in FY profit
By a staff reporter Property investment firm Abacus Property Group Ltd says demand in the domestic real estate market is ignoring weak fundamentals, attributable to a slowdown in the office environment...
View ArticleWestfield Retail Trust H1 profit slips
By a staff reporterWestfield Retail Trust Ltd has reiterated its full-year earnings guidance, despite a slight fall in interim profit.In the six months to June 30, Westfield Retail Trust's net profit...
View ArticleNew home sales fall in July
AAPSales of new homes have fallen for the first time in five months but it is believed to be only a temporary setback.New home sales fell 4.7 per cent July, seasonally adjusted, the Housing Industry...
View ArticleRHG accepts Resimac takeover deal
By a staff reporterThe RHG Ltd board has unanimously accepted the Resimac Syndicate's sweetened takeover offer, which values the target at almost $153 million.In a statement to the Australian...
View ArticleGoodman Fielder CFO resigns
By a staff reporterShane Gannon will resign his role as chief financial officer of Goodman Fielder Ltd to take up the same position with Mirvac Group Ltd.In a statement to the Australian Securities...
View ArticleBarangaroo apartments up for sale
Lend Lease is expected to sell all 159 of its planned luxury apartments in Sydney's Barangaroo development when they go on sale this weekend, the Australian Financial Review reports.The newspaper said...
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Abbott will trigger a housing boom
PoliticsElectionRobert Gottliebsen - Election 2013The looming Coalition landside win on Saturday is now virtually certain to trigger a series of housing booms in Australia. In some areas the boom is...
View ArticleHome prices lift in August: survey
AAPAustralian capital city home prices have risen more than five per cent in the past year, with the Sydney and Perth property markets leading the charge.Home prices across the eight state and...
View ArticleJuly building approvals jump
By a staff reporter, with AAPBuilding approvals jumped over 10 per cent in July, beating analyst expectations of a more modest rise, according to the Australian Bureau of Statistics.ABS data showed the...
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VIDEO: BoQ's property outlook
Adapt or Die Knowledge HubFinancial ServicesRobert GottliebsenIn this special interview from the Australia Davos Leadership Forum, Robert Gottliebsen talks to Stuart Grimshaw, CEO of the Bank of...
View ArticleMacquarie buys Mexican assets
Macquarie Group Ltd's real estate investment trust in Mexico will buy a pair of retail properties for a pricetag of $US153, as it ramps up its expansion into and around North America, The Australian...
View ArticlePacker buys Zillow stake: report
Crown Ltd chairman James Packer has bought a five per cent stake in American online real estate marketplace Zillow, The Australian Financial Review reports.According to the newspaper, this lifts his...
View ArticleHousing affordability highest in decade
By a staff reporterHouses are more affordable than at any time in the past decade according to research released by the Real Estate Institute of Australia (REIA).According to the research, housing...
View ArticleBreakfast Deals: Packer to the rafters
IndustriesPropertyDaniel PalmerJames Packer has used some of the proceeds from his recent Seek and Magellan stock sales to make a major, and so far very profitable, investment in an online US real...
View ArticleACCC clears Westfield's Perth buy
By a staff reporterWestfield Group and Westfield Retail Trust have been cleared to acquire a Perth shopping centre after the consumer watchdog said it would not oppose the deal.In a statement, the...
View ArticleMirvac appoints John Mulcahy chair
By a staff reporterMirvac Group has appointed John Mulcahy as its chair, replacing James MacKenzie.In a statement to the Australian Securities Exchange, the real estate group said Mr MacKenzie had...
View ArticleThornley in $10m home sale: report
A number of homes in the top end of Melbourne’s property market are quietly changing hands including the $10 million sale of ex-Labor MP Evan Thornley’s East Melbourne residence, The Australian...
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Big budget bucks down the property drainpipe
Business SpectatorEconomyDavid HetheringtonLet’s assume, despite the evidence, we do have a “budget emergency”. No one doubts the budget needs to be rebuilt over the economic cycle, but let’s assume...
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