Govt reviewing foreign property investment
Federal Parliament's House Economics Committee is examining the laws governing foreign investment following community concern over a rise in Chinese property investment.According to a report in The...
View ArticleJapara IPO roadshow visits Sydney, Melbourne
Macquarie Group analysts will run an east coast IPO roadshow this week for the float of $500 million aged care provider Japara Holdings, ahead of a $300m to $400m equity raising tipped for early next...
View ArticleChina new home price growth eases
Chinese new home prices lifted at a slower pace in February, while foreign direct investment also rose, official data shows.Average new home prices in 70 cities rose by 8.2 per cent in February...
View ArticleUS housing starts fall slightly in February
Unseasonably cold weather appears to have chilled new-home construction in February, but underlying figures suggest building could be poised for a spring rebound.US housing starts decreased 0.2 per...
View ArticleA nasty Chinese flu could hurt Australia
IndustriesResources and EnergyRobert GottliebsenThe biggest story for Australia is not Ukraine but the China credit crunch and how far the Chinese authorities will take it.The collapse of the Zhejiang...
View ArticleGoodman splashes $2bn on China
Industrial property giant Goodman Group has pumped almost $2 billion into developments across China, according to The Australian.Goodman managing director of greater China, Philip Pearce, said the...
View ArticleOverseas property appetite to fall
Real estate group CBRE predicts foreign investment in commercial real estate is expected to fall this year, The Australian Financial Review reports.According to the newspaper, the strengthening global...
View ArticleStockland buys $435.3m Australand stake
Diversified property group Stockland has confirmed that it bought a $435.3 million strategic stake in Australand Property Group.In a statement, Stockland said it purchased a 19.9 per cent stake at an...
View ArticleStockland’s ambitious land grab
IndustriesPropertyStephen BartholomeuszStockland’s Mark Steinert’s tactics in grabbing a 19.9 per cent stake in Australand are obvious. Less clear is what his strategy might be.Once Singapore’s...
View ArticlePlay for Australand not prudent: analysts
Analysts are betting that Stockland’s move to buy a $435 million “strategic stake” in Australand is a precursor to a full takeover bid although some say it would be foolish to make a tilt.Morgan...
View ArticleUS mortgage applications slide 1.2%
The average number of mortgage applications dropped 1.2 per cent on a seasonally adjusted basis despite a modest drop for interest rates, the Mortgage Bankers Association said Wednesday.Applications...
View ArticleGovt to review foreign housing investment
Possible restrictions on foreign investment in the Australian housing market will be considered by a new parliamentary body despite warnings of a collapse if access is tightened, The Australian...
View ArticleProbe into foreign investment in property underway
Federal Parliament's House Economics Committee has released the terms of reference for its inquiry into foreign investment in real estate.The parliamentary inquiry was formed after Coalition MPs raised...
View ArticleAMP lifts Australand holding
Wealth manager AMP says it has lifted its holding in Australand Property Group, a day after Stockland bought a strategic stake in the group.AMP now holds 81.8 million voting shares in the property...
View ArticleAMP ups Australand stake
AMP appears to be one of the few Australian institutions given a look in on CapitaLand’s 39 per cent selldown of Australand stock, with the wealth manager revealing today it had snapped up a 5.84 per...
View ArticleUS existing-home sales dip in February
Sales of existing homes in the United States have dipped in February, driven by rising home prices and severe winter weather, the National Association of Realtors says.Sales of used homes fell 0.4 per...
View ArticleWestfield gets $1bn for UK sales
Retail giant Westfield Group has generated £597 million ($1.1 billion) from the sale of three UK shopping centres to UK retail landlord Intu Properties.The expected sales of Merry Hill, Derby and...
View ArticleRobb downplays housing market fears
Trade Minister Andrew Robb has played down public concerns about Chinese investment in Australia's housing market.Last week Treasurer Joe Hockey set up a parliamentary inquiry to examine foreign...
View ArticleRobb dismisses foreign housing market fear
Trade Minister Andrew Robb claims foreign investment in Australian real estate is increasing housing stock.Last week Treasurer Joe Hockey set up a parliamentary inquiry to examine foreign investment in...
View ArticleClik here to view.
Counting the cost of foreign investment in Australia
IndustriesPropertyCallam PickeringOver the past few years, there has been rising concern about foreign investment in Australian real estate. Barely a week goes by without an anecdotal report from...
View Article