Home values jump in March: RP Data
Capital city dwelling values rose in the month of March and in the March quarter following a flat February result, according to the RP Data-Rismark home value index.Home values across capital cities...
View ArticleClik here to view.
Chinese property bubble trouble?
EconomyChinaPeter CaiLi Ka-shing, the richest man in Asia and one of the shrewdest property investors in the world, has been selling down real estate assets in China -- including Oriental Financial...
View ArticleTPG in $1.3bn bid for DTZ
Business SpectatorDataRoomBridget Carter - The AustralianTPG Capital is preparing to pay $1.3 billion for the real estate arm of the utilities company UGL, equating to 10 times its earnings, sources...
View ArticleBuilding approvals fall in February
Building approvals fell sharply in February, coming in well below expectations, as weakened demand for apartments weighed on the data.The Australian Bureau of Statistics data showed the number of...
View ArticleWestfield secrecy over shake-up backfires
Business SpectatorDataRoomSarah Danckert - The AustralianFrank Lowy’s Westfield fronted disgruntled investors yesterday to talk up the prospects of its Australasian spin-off Scentre, but the company...
View ArticleHouse prices 'flashing red': Barclays
Barclay's chief economist Kieran Davies says housing valuations are “flashing red” as Australian household debt has hit a record 177 per cent of annual disposable income, The Australian Financial...
View ArticleFitch warns on surging house prices
Fitch Ratings affirmed Australia's triple-A sovereign debt rating, but warned surging house prices hold the potential to destabilise the country's banks.With Treasurer Joe Hockey set to announce the...
View ArticleJapara to sell 225.2m shares at $2 each: report
Nursing home giant Japara Holdings will offer up to 225.2 million shares at $2 each, according to Bloomberg News, citing the company's prospectus. Japara, which has at least 35 Australian aged-care...
View ArticleGrocon’s $834m NYC deal flops
Business SpectatorDataRoomSarah Danckert - The AustralianGrocon's attempt to get into the US has fallen by the wayside after an agreement it had with a midtown Manhattan office building valued at...
View ArticleJapara files prospectus
Aged care group Japara Healthcare lodged its long-awaited prospectus to raise up to $450.4 million yesterday after adviser Macquarie Capital was swamped with about $1 billion of demand from...
View ArticleBanks could tighten lending: report
Australia and New Zealand Banking Group says banks may tighten lending standards if a lift in Sydney house prices spreads to other capital cities, Bloomberg reports.According to the publication, ANZ...
View ArticleClik here to view.
Grocon’s $834m NYC deal flops
Business SpectatorDataRoomSarah Danckert - The AustralianGrocon's attempt to get into the US has fallen by the wayside after an agreement it had with a midtown Manhattan office building valued at...
View ArticleMoody's 'likely' to downgrade merged Westfield
Ratings agency Moody's is continuing its review for a downgrade of Westfield Group's A2 issuer rating, saying a cut to A3 is likely if a planned merger goes ahead.The agency placed the rating on review...
View ArticleJapara restores IPO confidence
The prospects of Australia’s initial public offering market are looking up following Japara Healthcare’s $450.4 million book build Friday that was two times oversubscribed, people involved in the IPO...
View ArticleClik here to view.
A sudden conversion of property bubble doubts
IndustriesPropertySteve KeenBack in the Olde Days, before the global financial crisis, when I was one of a handful raising the alarm, some of the most strident opposition to my opinion about what this...
View ArticleClik here to view.
Prepare for a sharp house price punishment
IndustriesPropertyCallam PickeringThe housing debate heated up this week with spirited discussion between Professor Steve Keen and Christopher Joye on both Business Spectator and The Australian...
View ArticleHousing finance beats forecasts
The demand for home loans was stronger than expected in February, but the proportion of loans to first home buyers is at the second-lowest level on record, according to the Australian Bureau of...
View ArticleGovt rejects foreign house purchase
Treasurer Joe Hockey has rejected a foreign purchase of a house in Sydney in what some experts say could be a new direction in government policy.The knockback comes as Prime Minister Tony Abbott leads...
View ArticleBlackstone to buy Westpac HQ
Blackstone Group is nearing a deal to buy half of Mirvac’s Westpac Place in Sydney’s CBD, according to The Australian Financial Review.The US-based private equity firm is believed to be in due...
View ArticleProperty sell-off to top $1bn
A lacklustre start to the year in the commercial property sector will be turned on its head over the next week as bids are due on over $1 billion worth of office towers, shopping and industrial...
View Article