ASIC probes SMSF push: report
The corporate regulator is investigating cases where real estate agents may be pushing investors into self managed superannuation funds to buy real estate, The Australian Financial Review...
View ArticleHousing bubble worries 'alarmist': RBA
AAP, with a staff reporterThe Reserve Bank of Australia says concerns record low interest rates will spark an unsustainable house price bubble are "alarmist".RBA assistant governor Malcolm Edey told a...
View ArticleBrickworks lifts FY profit
By a staff reporterBrickworks Ltd expects an improved result in its building products division in the coming year and says its property trust is seeing significant growth, after posting a lift in...
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Watch: Master Builders on poor housing starts
IndustriesBusiness AcceleratorsJackson HewettWilhelm Harnisch, CEO of Master Builders Australia says that low interest rates have not been flowing through to the new home sector. Watch to hear how...
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What a housing bubble looks like
IndustriesPropertyChristopher MasonCalgary— The road ahead for Australia's property market features predictions of an urban housing boom, as well as a housing bubble and an openness on the Reserve Bank...
View ArticleUS existing home sales rise in Aug
Dow JonesSales of previously owned homes rose unexpectedly in August to the highest level since 2007, an indication that potential buyers were rushing to lock in deals before mortgage rates rose...
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I will be wrong on house prices
IndustriesPropertySteve KeenRight up until the early 20th century, taking an innocent stroll on the foreshores of the US West Coast was hazardous for your health: you might suddenly fall unconscious,...
View ArticleOffshore funds' wary on property crash
Big offshore portfolio managers with billions of capital invested in Australian residential mortgages have become concerned about an Australian property market crash, The Australian Financial Review...
View ArticleAbacus Property raises $75 million in share sale
Business SpectatorDataRoomBrett ColeAbacus Property Group raised $75 million in a share sale to buy more buildings, including seven properties it plans to acquire in Queensland, Victoria and New South...
View ArticleCSR H1 net profit lifts
By a staff reporterCSR Ltd has reaffirmed guidance at the upper end of forecasts, assuming no significant deterioration in construction volumes or in Australian dollar aluminium prices, after posting a...
View ArticleWestfield reaffirms FY guidance
By a staff reporter Westfield Group has reaffirmed its full-year net operating income forecast, saying its global operations continue to perform in line with expectations.In a third-quarter update,...
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The ugly duckling in property
Business SpectatorMarketsKirstie SpicerApparently office property is the ugly duckling when it comes to property investment at the moment. Even retail space doesn’t look as unappealing -- even in a...
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What’s holding back the wall of money?
Business SpectatorPoliticsRob BurgessWhen structural change is underway, it makes sense to swim with the tide. And as described in a series of articles over the past week, structural forces are moving...
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MacKenzie resigns from Mirvac
By a staff reporterNon-executive director of Mirvac Group Ltd, James MacKenzie, will resign from his position in January 2014.In a statement to the Australian Securities Exchange, Mirvac chairman John...
View ArticleNational Storage eyes float: report
National Storage is increasingly expected to float Australia's first listed self-storage trust before Christmas, responding to renewed interest in equity for real estate investment trusts, according to...
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Lend Lease upbeat on outlook
By a staff reporterLend Lease Group Ltd says it is well positioned for the year ahead with a substantial pipeline of development and construction projects, and has welcomed the new coalition...
View ArticleNational Storage REIT launches $123.7 mln bookbuild
Fund managers are backing a $123.7 million bookbuild for the National Storage REIT ahead of it being thrown open to institutional investors tomorrow. “It’s not the world’s cheapest or most exciting...
View ArticleNational Storage REIT launches $123.7 mln bookbuild
Fund managers are backing a $123.7 million bookbuild for the National Storage REIT ahead of it being thrown open to institutional investors tomorrow. “It’s not the world’s cheapest or most exciting...
View ArticleThe Distillery: GPT pluck
IndustriesPropertyThe DistilleryGPT Group’s takeover bid for the Commonwealth Property Office Fund (CPA) caught the market off-guard yesterday, with many believing the Dexus Property Group-Canada...
View ArticleCapitaLand selling one-third of Australand stake
Singaporean property giant CapitaLand is selling a 20 per cent stake in listed developer Australand for $426 million, sources said.Investment bank Citigroup is handling the block trade, selling 115.66...
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