Wilson warns on house prices
Australian Property Monitors economist Andrew Wilson has warned house price growth in Melbourne and Sydney is likely to slow to half the pace of last year, The Australian Financial Review...
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New home sales hit five-year high: HIA
New home sales have increased for the first time since the global financial crisis hit in 2008, according to the Housing Industry of Australia.Sales rose 14.4 per cent in 2013, the first year of growth...
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Chinese buyers don't want your house, they want the land
IndustriesPropertyFlorence ChongForget about off-the-plan apartments. What cashed-up overseas Chinese buyers really want is a house in Australia, and more precisely, the land on which the house...
View ArticleMeriton debt linked to extortion attempt
A multi-million dollar extortion has been linked to a disputed debt that involved Harry Triguboff’s Meriton Group, according to Fairfax Media.A long-lasting $9 million disagreement between Mr...
View ArticleAgents look to cash in on bankers' bonuses
A rush of listings on the Australian sharemarket last year has boosted the real estate industry's hopes of a price lift in some of the nation's most expensive suburbs.The industry's hopes are based on...
View ArticleWestfield chases British sell-off
Westfield Group is looking to shake up its British portfolio, selling about £600 million ($A1.128 billion) of assets there ahead of a planned split of its Australasian and international shopping centre...
View ArticleBuilding approvals fall in Dec
Building approvals fell more than expected in December, according to the Australian Bureau of Statistics.ABS data showed the number of buildings approved fell a seasonally adjusted 2.9 per cent to...
View ArticleHome values lift in Jan: RP Data
Home prices have continued to climb in January with Melbourne leading the charge.Capital city home values rose 1.2 per cent last month and 9.8 per cent in the year to January, according to the RP Data...
View ArticleInvesta, Stockland link up
Investa Property Group and Stockland have taken the first steps in a joint venture that could see the pair owning about $700 million of Sydney property assets.In the first leg of the tie-up, the...
View ArticleGrocon announces new chief
Prominent Australian building firm Grocon has appointed Carolyn Viney to the role of chief executive after Daniel Grollo stepped aside to become chairman, according to The Australian.Mr Grollo said his...
View ArticleREA Group posts lift in H1 profit
REA Group Ltd chairman Hamish McLennan says the group's strong first-half results are vindication of the board's long-term strategy.In the six months to December 31, net profit was $70.69 million, a 37...
View ArticleChallenger reaffirms FY guidance
Challenger Diversified Property Group Ltd has reaffirmed its full-year earnings and distribution guidance, despite a slip in first-half net profit primarily due to fair value adjustments.In the six...
View ArticleDoubts raised on UGL demerger
Private equity may be circling the $1.3 billion property arm of listed utilities company UGL, but if the price doesn't measure up to expectations, the demerger proposal may be abandoned.Some market...
View Article360 Capital takes grip on CVC
Expanding property funds manager 360 Capital Group has snared the management of the small listed CVC Property Fund as its growth ambitions step up a gear.The Tony Pitt-led group has struck a...
View ArticleApartment sites snapped up
International developers are snapping up apartment development sites in Sydney with booming prices allowing seasoned local players to cash in or ride the market themselves.In the most prominent deal,...
View ArticleWestfield, WRT merger hits trouble
Increasing opposition to a merger between Westfield Retail Trust Ltd and the Lowy family's Westfield Group Ltd's Australian and New Zealand businesses has seen the former entity forced to fine-tune its...
View ArticleAustraland tipped to pursue spin-off
Market speculation has had it that Australand Property Group will be the next takeover target in the property space, but it's now thought that the current activity surrounding the $2.2 billion listed...
View ArticleHousing puts banks at risk
A prominent former government economist fears Australia’s banks have loosened lending standards on home loans, boosting the risk of the property market overheating, according to The Australian...
View ArticleDexus gains majority CPA holding
Dexus Property Group and the Canada Pension Plan Investment Board (CPPIB) have gained a majority holding in the Commonwealth Property Office Fund (CPA).In a statement to the Australian Securities...
View ArticleSunsuper to buy out Discovery stake
The $22 billion superannuation fund Sunsuper is buying the remaining 70 per cent interest of Discovery Holiday Parks that it does not already own in a deal believed to be worth about $240 million,...
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