Investors seek new Westfield deal
Critics of the conditions for Westfield Group's $65.8 billion merger with Westfield Retail Trust hope the companies' full-year results briefings this week will bring news of a revised deal, as...
View ArticleClearance rates hit record high
A clearance rate of 82 per cent nationwide over the weekend has boosted optimism around the housing sector, according to The Australian Financial Review.RP Data numbers showed a substantial lift in...
View ArticleFairfax’s $500m Domain float plan
Fairfax Media is considering joining a heady rush for floats with a $500 million listing of Domain on the local stockmarket in early 2015.The publisher is keen to give the real estate business the...
View ArticleIngenia on $25m spending spree
Retirement village owner and operator Ingenia is poised to buy three manufactured housing parks for more than $25 million.The acquisitions take the number of manufactured home parks bought by Ingenia...
View ArticleCanada move may lift Aust house prices
A recent decision by the Canadian government to drop a 28-year-old visa scheme for foreign investors could be beneficial to Australian house prices, Fairfax Media reports.The move was made amid fears...
View ArticleCharter Hall H1 profit slips
Charter Hall Group Ltd has lifted its full-year earnings guidance despite posting a slight slip in first-half profit as it simultaneously unveiled a capital raising.In the six months to December 31,...
View ArticleAV Jennings swings to H1 profit
Home builder AV Jennings is back in the black with a solid half year profit.The company has announced a profit of $8.4 million during the six months to December 31, a big turnaround from a $19.1...
View ArticleDefence could sell property: Johnston
Defence Minister David Johnston has raised the prospect of selling off some of defence's vast and expensive real estate holdings.The defence estate covers three million hectares with 25,000 buildings...
View ArticleCharter Hall eyes acqusitions
Fast-growing Charter Hall Group has tapped the market for $140 million to fuel another spate of acquisitions as it raised earnings guidance for the full year after a strong first-half result.The...
View ArticleLend Lease H1 profit slips
Lend Lease Group Ltd says it is in a strong position to leverage positive trends in the residential sector, despite posting a slight decline in first-half profit.In the six months to December 31, the...
View ArticleWestfield Retail Trust FY profit falls
Westfield Retail Trust expects to increase funds from operations by 2.8 per cent in fiscal 2014, after its 2013 profit fell slightly.Profit after tax attributable to unitholders fell by 6.5 per cent to...
View ArticleWestfield's season of investor discontent
Adapt or Die Knowledge HubRetailStephen BartholomeuszThe focus on the results of the two Westfield vehicles today was never going to be on their performance – which was in line with guidance – but on...
View ArticleWestfield tipped to list on NYSE
While investment banks working on the sweeping restructure of Westfield's $70 billion shopping centre empire have been named as JPMorgan, Rothschild, Morgan Stanley and UBS, other investment banks such...
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A young man's home really is his castle now
IndustriesPropertyCallam PickeringAccording to the Reserve Bank of Australia, measures of housing affordability have improved since the onset of the global financial crisis. But that is little relief...
View ArticleChina ramps up Australian property purchases
Chinese investors were the largest source of foreign investment in Australian property in 2012-13, according to figures from the Foreign Investment Review Board (FIRB).FIRB's annual report reveals that...
View ArticleAustraland courted by new suitor
A new name has emerged as a potential contender to buy the $2.26 billion Australand business: Pacific Alliance Group out of Hong Kong.Listed real estate trust Mirvac Group has continuously been named...
View ArticleHouse prices stabilise: report
House price growth eased in February in all major cities outside Sydney, but that is likely to do little to halt an upward march in Australian property prices, economists have told The Australian...
View ArticleHome values flat in Feb: RP Data
Capital city home values held steady in February, according to the RP Data Rismark Home Value Index for the month.After eight successive monthly increases, Australia's combined capital cities recorded...
View ArticleNew home sales lift in Jan: HIA
New home sales increased in January after falling in December, according to the Housing Industry Association.The volume of new home sales lifted by 0.5 per cent in the month, with sales of new detached...
View ArticleREA Group appoints interim CEO
REA Group has appointed non-executive director Peter Tonagh as interim chief executive officer, replacing outgoing CEO Greg Ellis who will leave the business on March 14.REA, the group that owns...
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