Little in real estate buy
Paul Little's private property company Little Group has made a $60.7 million offer for listed real estate services group Real Estate Corp.The 37 cent a share cash offer has been recommended by the...
View ArticleNew airport could drive property boom
Real estate experts are expecting a property boom in Sydney’s west should a proposed airport at Badgerys Creek get the go-ahead, according to The Australian Financial Review.The coalition government is...
View ArticleHousing finance falls in Dec
The demand for home loans fell against expectations of a rise in December, according to the Australian Bureau of Statistics.The data showed the number of home loans granted in December fell a...
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Capital flight is China's house of cards
EconomyChinaJohn LeeChina's wealthy and emerging middle class looking at boats on display at the Shanghai Boat exhibition center (AFP PHOTO/Mark RALSTON)Another weekend and another couple of days...
View ArticleStockland lifts on H1 profit
Stockland shares have lifted after the group said it remains conservative in its full-year outlook due to continuing uncertain economic conditions but expects to achieve the upper end of its guidance...
View ArticleDexus increases H1 profit
Dexus Property Group Ltd is confident of achieving full-year earnings guidance and says it is well positioned to capture improvements in office and industrial markets it expects in fiscal...
View ArticleGoodman Group's H1 profit lifts
Goodman Group Ltd has flagged an improvement in full-year operating earnings after posting a lift in first-half profit, boosted by the performance of its overseas business.Net profit for the half rose...
View ArticleGPT Group FY profit slips
GPT Group says it is targeting $10 billion growth in funds under management and expects economic growth to remain below trend this year after its full-year net profit fell slightly.Net profit after...
View ArticleAquaint on the prowl for property deals
Singapore-backed Australian Securities Exchange newcomer, Aquaint Capital, is looking to buy up to $400 million in distressed or run down property assets on the eastern seaboard.Chief executive Tan...
View ArticleUGL accused of 'cooking the books'
UGL Ltd has been accused of “cooking the books” by the former leader of its property services arm, according to The Australian.Robert Shibuya, who left UGL Property Services (now DTZ) in September last...
View ArticleAustraland FY profit slips
Australand Property Group Ltd has posted a slide in full-year profit and warned subdued tenant demand, as well as a lower than usual forward workload, could weigh on the year ahead.In the twelve months...
View ArticleUGL considers unsolicited PE offers
UGL Chief Executive Richard Leupen is considering unsolicited private-equity proposals for the contractor’s lucrative DTZ property business but has ruled out running a formal trade sale process, as the...
View ArticleUGL hit with more allegations
Bob Shibuya, the former chief executive of UGL Limited's property services business has added to his claims that UGL "cooked the books," now accusing the group of unfairly denying himself and other...
View ArticleChinese money is driving a housing glut
IndustriesPropertyRobert GottliebsenWhen you buy residential real estate in inner city and suburban areas in Sydney and Melbourne where Chinese buyers are active, the price is often 10 or 20 per cent...
View ArticleThe dangerous SMSF property cocktail
IndustriesPropertyRobert GottliebsenIt’s not just the Chinese who are having a love affair with Australian residential property – self-managed funds are now jumping on board in a big way.To the extent...
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A housing policy lesson from New Zealand
IndustriesPropertyCallam PickeringAustralia and New Zealand share a lot in common and throughout history Australia has learned much from its little neighbour across the Tasman Sea. From voting rights...
View ArticleFederation Centres H1 profit soars
Federation Centres has upgraded its full-year earnings expectations on forecast savings from debt restructuring, overhead reductions and increased earnings from acquisitions after posting a lift in...
View ArticleHealthscope hospitals up for sale in $1bn operation
Healthscope's $1 billion-plus property portfolio will be offered to buyers in two separate parcels of similar value, with major pension funds likely to circle the private hospitals, according to market...
View ArticleAust property top target for wealthy Asians: HSBC
Over a third of affluent Asians own an investment property overseas according to HSBC, with Australia ranked as one of the top destinations.According to research conducted by market research firm RFi...
View ArticleASIC warns real estate agents on SMSFs
Real estate agents and property advisers who recommend investors use self-managed superannuation funds to invest in property may not be complying with the law, the corporate regulator has warned.In a...
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