Shareholder opposition to Westfield split grows
Westfield Group’s plan to split its Australasian and international operations faces an increasingly uphill battle, as major investors in the domestically focused Australian real estate investment trust...
View ArticleEslake slams Aust housing policy
Economist Saul Eslake has slammed Australian housing policy, saying government self-interest has led to the worst affordability problem in more than 50 years.In a submission to the senate economics...
View ArticleSmall lenders triple share of fixed rate mortgages: AFG
Smaller lenders are challenging the big banks in the home loan market, tripling their share of fixed rate mortgages in 2013.Less than one in five borrowers are opting for a fixed-rate loan but the...
View ArticleConfidence among builders lifts: report
Confidence among builders spiked in the December quarter, a Master Builders Australia survey showed, The Australian Financial Review reports.According to the newspaper, builders believe their...
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Sydney's property dam is about to burst
IndustriesPropertyRobert GottliebsenNew ingredients are emerging that look set to generate a surplus of apartments in Sydney in two or three years – the first time that has happened for a long time.The...
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Housing investors follow Hockey’s lead
Business SpectatorPoliticsRob BurgessDemocracy is predicated on the idea that voters aren't silly – they make the right choices ... eventually.And so it appears to be with the nation's understanding of...
View ArticleDeep property cracks will shake other markets
IndustriesPropertyRobert GottliebsenHome owners in Australia, the UK, the US and Germany are set to enjoy 2014 according to last night's report from the global ratings agency Fitch. But there are...
View ArticleWill Abbott be a housing visionary?
Business SpectatorPoliticsRob BurgessWhat is the difference between visionary policy and social engineering when it comes to solving a housing shortage? Britain's coalition government is having trouble...
View ArticleFitch flags more first-home buyer strife
Ratings agency Fitch has flagged further housing affordability pressure as record low interest rates and below-average supply continue to fuel Australia’s booming property market in 2014, albeit at a...
View ArticleASIC in property sector crackdown
The nation’s corporate regulator has enhanced actions against mortgage brokers who use misleading information to secure loans, according to The Australian Financial Review.The Australian Securities and...
View ArticleCBD office vacancies climb
A new report suggests CBD offices across the country are struggling to be filled, with vacancy rates touching a 17-year high, according to The Australian Financial Review.The research, by real estate...
View ArticleChinese eye hotel purchases: report
Chinese groups are eyeing more Australian hotel purchases after Hong Kong-based Fu Wah International Group bought Melbourne's Park Hyatt hotel for more than $130 million, The Australian...
View ArticleWestpac tops sustainability list
Westpac Banking Corporation has topped a global list of sustainable companies released during the World Economic Forum in Davos.Other Australian companies in the Global 100 list include Australia and...
View ArticleBoom, boom: China just keeps on giving
EconomyChinaAmber PlumThe family members of China’s political elite are stashing huge amounts of cash in offshore accounts, according to a two-year financial reporting project by the International...
View ArticleBrokers tapped over Goodman sale
Goldman Sachs and Morgan Stanley have been two of the investment banks named as among those sounding out brokers yesterday about the likely level of interest in Goodman Group shares in the event of a...
View ArticleChinese interest in commercial property surges
Chinese investment in commercial property in Australia is tipped to grow by at least 30 per cent this year after more than tripling to US$700 million in 2013, as Beijing’s biggest insurance companies...
View ArticleUK housing market confidence growing
Confidence in the UK housing market is growing, assisted by government-backed initiatives such as the Help to Buy scheme, according to newly published research.The scheme is particularly popular with...
View ArticleRoadshow set for Mantra IPO
Private-equity owned hotels operator Mantra Group is set to embark on a roadshow in Asia and Australia next week ahead of a $500 million initial public offering, The Australian Financial Review...
View ArticleGPT flags FY earnings lift
Property company GPT Group Ltd has flagged a lift in full-year earnings for 2013.The owner of office towers, shopping centres and business parks expects its realised operating income for the full year...
View ArticleDexus declares CPA offer unconditional
Dexus Property Group and the Canada Pension Plan Investment Board last night declared that their $3 billion takeover bid for the Commonwealth Property Office Fund was unconditional and urged unit...
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