British home prices climb higher
AAPBritish house prices are 5.4 per cent higher than last northern summer as property market activity intensifies, figures show.Lender Halifax said prices rose 0.4 per cent in August, the seventh...
View ArticlePepper increases RHG offer
By a staff reporterPepper Australia Ptd Ltd and Cadence Capital Ltd have offered a sweetened takeover bid for RHG Ltd, after the target recommended a rival offer from the Resimac Syndicate.In a...
View ArticleChiodo exits Telstra: report
Vito Chiodo, the most senior property executive at Telstra Corporation Ltd, has departed the company after more than a decade, The Australian reports.According to the newspaper, Mr Chiodo's exit comes...
View ArticleBarclays to pay subprime fine
AAPMassachusetts Attorney-General Martha Coakley says Barclays Bank PLC has agreed to pay $US36.1 million ($39.5 million) to settle allegations it backed subprime home loans it knew were risky.Coakley...
View ArticleHousing key to retail: Deloitte
AAPThe performance of the Australian housing sector will play a key role in any recovery in consumer spending and retail sales growth, an independent economic forecaster says.Deloitte Access Economics...
View ArticleTAHL bought by Abu Dhabi fund
Australia's largest hotel owner, Tourism Asset Holdings Limited (TAHL), has been purchased by the Abu Dhabi Investment Authority for $800 million amid growing foreign investor interest in Australia's...
View ArticleWestfield offloads Perth assets
Westfield Group and Westfield Retail Trust have sold their stakes in the $740 million Karrinyup Shopping Centre in Perth to the owner of the remaining two-thirds of the property, superannuation fund...
View ArticleBreakfast Deals: Hotel review
IndustriesPropertyLuke McKennaThe domestic property sector has been treated to two significant deals in the past 24 hours: one sees a Middle Eastern heavyweight paying big bucks for Australia's largest...
View ArticleCharter Hall to buy Westfield malls
AAPProperty group Charter Hall has agreed to buy two Westfield shopping centres in Perth's north-west for $255 million.But the deal to acquire the Innaloo Shopping Centre and Shoppers Village, and the...
View ArticleResimac knocks rival RHG bid
By a staff reporterPepper Australia Ptd Ltd and Cadence Capital Ltd sweetened takeover bid for RHG Ltd is not in the best interests of shareholders, according to rival bidder the Resimac syndicate.In a...
View ArticlePepper slams Resimac on RHG bid
By a staff reporterPepper Australia Pty Ltd has criticised rival Resimac Syndicate over "inaccurate statements" in its bid for RHG Ltd.In a statement, Pepper CEO Patrick Tuttle said Resimac's...
View ArticleClik here to view.
Toil and trouble, but no housing bubble
IndustriesPropertyJessica IrvineWith interest rates at record lows and house prices heading north again, talk has emerged of an impending bubble in house prices.Investors seeking higher returns than...
View ArticleWestfield sells US shopping centres
By a staff reporterWestfield Group has entered agreements to sell seven shopping centres in the United States for $US1.64 billion ($1.77 billion).In a statement to the Australian Securities Exchange,...
View ArticleHousing bubble risk rises: IMF
By a staff reporterThe International Monetary Fund (IMF) has issued a report warning of the potential for global housing bubble, calling for toughened lending rules to prevent banks from contributing...
View ArticleThe Distillery: Westfield checkout
Business SpectatorIndustriesThe Distillery:It’s a bit of a mixed bag for this morning’s Distillery, or should we say a cocktail rather than a straight scotch? Westfield’s latest asset sales lead us...
View ArticleOffshore investors eye real estate
Offshore appetite for Australian commercial real estate is strong, investment advisers say, The Australian Financial Review reports.According to the newspaper, The Trust Company Ltd general manager of...
View ArticleExperts warn of housing bubble
Australian regulators are under pressure from two senior economists to take a proactive approach in curbing lending amid growing concerns over a potential housing bubble, according to The Australian...
View ArticleA housing bubble? You bewdy!
Business SpectatorEconomyAlan KohlerInvesting in property is a no-brainer at the moment. Prices have bottomed, auction clearance rates are on fire, especially in Sydney, and you can get a fixed rate...
View ArticleClik here to view.
House price bull heaven
IndustriesPropertyStephen Koukoulas Use this to embed video House prices are continuing to move solidly higher, driven by record low interest rates, a shortage of supply, strong underlying demand,...
View ArticleClik here to view.
How the cork was popped on property demand
Business SpectatorEconomyRobert GottliebsenLeaving aside the election, in the last six weeks a series of major events have transformed Australia – the prospect of further interest rates cuts has all...
View Article