Mirvac finance director quits
Mirvac Group finance director Greg Dyer has resigned after eight months in the role, effective immediately.In a statement today the property group said Mr Dyer, who was appointed on August 6 last year,...
View ArticleLend Lease wins Vic govt hospital contract
By a staff reporterA Lend Lease Ltd consortium has won a $630 million contract to design and build Bendigo Hospital in Victoria.Investors appeared largely unmoved by the news, with shares rising 1.98...
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MARKETS SPECTATOR: The neglected sectors
MarketsASXBrett ColeLooking for value? About a third of the market is cheap compared to its peers, an interesting bit of research from State Street reckons.The price-earnings ratio of Telstra,...
View ArticleConfidence in housing outlook high: survey
By a staff reporterConfidence in the outlook of housing prices climbed to its highest point in almost three years in the three months to April according to a leading survey.The Westpac-Melbourne...
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House prices shoot towards a ceiling
IndustriesPropertySteve KeenThe bulls are roaring, house prices are rising, and all's well with the world.Or maybe not. Certainly house prices have risen -- and contrary to popular opinion, I expected...
View ArticleHousing finance rise beats expectations
By a staff reporter, with AAPThe demand for home loans beat expectations in February, marking the first increase in five months, according to the Australian Bureau of Statistics. The data showed the...
View ArticleQBE takes lease at Chifley Square
By a staff reporterQBE Insurance Group Ltd has taken a 10-year lease out for the top four floors of Sydney's Chifley Square, which is set to be finished by August. Mirvac Group, who owns the 34-storey...
View ArticleNSW govt to fast-track new homes
AAPCouncils could be forced to approve development applications for new homes in just 10 days under proposed reforms to New South Wales planning laws.A government white paper out Tuesday recommends...
View ArticleASIC may pursue Packer over Sunland bribery scandal
The Australian Securities and Investments Commission will launch an investigation into Gold Coast developer Sunland Group Ltd over questionable statements released to the market during James Packer's...
View ArticleACCC urged to broaden grocers' probe
The country's largest independent chain of greengrocers has urged the Australian Competition and Consumer Commission (ACCC) to broaden its supermarket probe to include lease agreements and new store...
View ArticleUS housing starts rebound
AAPUS homebuilders have broken the one million mark in March for the first time since June 2008. The gain signals continued strength for the housing recovery at the start of the northern spring buying...
View ArticleHouse prices lift in Chinese cities
By a staff reporterHouse prices in almost all Chinese cities rose in March, fuelling speculation the new government will intervene in the sector.Statistics out of the National Bureau of Statistics...
View ArticleAV Jennings shares in trading halt
By a a staff reporterAV Jennings Ltd shares have been placed in a trading halt pending the release of an announcement regarding a funding proposal.In a statement to the Australian Securities Exchange,...
View ArticleUS existing home sales slip
AAPUS existing home sales slipped while prices gained in March as the number of homes on the market remained tight amid rising demand, the National Association of Realtors says.Sales fell 0.6 per cent...
View ArticleBlackstone eyes distressed Chinese real estate
Private equity giant Blackstone Group says it is turning its attention to distressed Chinese real estate, and its founder says he is pleased with the firm's Australian investments, according to The...
View ArticleHousing prices rising, but slowly
AAPNew figures show housing prices are on the rise.Australian Property Monitors said on Wednesday in its quarterly housing report that the median price of a house rose by 3.2 per cent over the year to...
View ArticleAsian investors eye Aust property
Asian investors are showing rising interest in Australia's property market, with Korean investors in particular looking to shift their assets away from that region's political tensions, according to...
View ArticleASIC drops Wellington probe
The Australian Securities & Investments Commission (ASIC) has dropped its investigation into Wellington Capital and its Premium Income Fund, saying allegations against Wellington cannot be proved...
View ArticleDexus acquires Brisbane property
By a staff reporterDexus Property Group Ltd and Dexus Wholesale Property Fund (DWPS) have jointly acquired a strategic office investment in Brisbane.In a statement to the Australian Securities...
View ArticleMariner renegotiates Becton loan
By a staff reporterCorporate raider Mariner Corporation Ltd has renegotiated the terms of its loan over its Becton Property Group stake, winning a three month extension. Becton Property Group was...
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