Canberra will have hell to pay on housing
IndustriesPropertyRob BurgessNext year is shaping up as an annus horribilus for whoever wins the federal election, but one of the big nasties likely to turn voters against whoever’s in the Lodge is...
View ArticleUS pending home sales gain
AAPPending home sales rose in March after a February slump, showing strength persists in the US housing comeback, the National Association of Realtors says.The NAR's index for pending sales, which...
View ArticleAsian developers move into Australia's property void
IndustriesPropertyFlorence ChongAgainst the backdrop of measures to cool property markets in their home countries, Asian residential developers are looking to Australia for growth.Well-heeled...
View ArticleWestfield sells Brazilian asset
AAP, with a staff reporterWestfield Group Ltd has disposed of its 50 per cent interest in its joint venture in Brazil.In a statement to the Australian Securities Exchange, the company said it had sold...
View ArticleGoodman completes equity raising
By a staff reporterGoodman Group Ltd has completed a fresh equity raising for its industrial real estate investment vehicle Goodman Australia Industrial Fund (GAIF).In a statement to the Australian...
View ArticleNew home sales improve in March: HIA
By a staff reporterNew homes sales continued their modest recovery, lifting in March in a return to volumes posted a year ago, according to a leading index. The Housing Industry Association's New Home...
View ArticleLend Lease Europe exec quits
A top Lend Lease executive has quit as part of the group's drive to downsize its European business, with about 90 jobs at risk across the region and the UK, according to Building.Michael Dyke, Lend...
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The housing rally to have, when you're not having a rally
IndustriesPropertySteve KeenIn October last year, when the first signs that Australian nominal house prices were rising again after falling since June 2010, I argued that this was going to be a...
View ArticleStockland warns on FY13 EPS
By a staff reporterStockland Ltd is expecting its full-year earnings per share to come in at the lower end of its guidance, because of costs associated with a restructure of the group.The group made...
View ArticleMirvac raises $400m to fund acquisitions
By a staff reporterMirvac Group has raised $400 million from institutional investors to help fund its purchase of office assets from GE Real Estate Investments Australia. The group went into a trading...
View ArticleHousing finance rise beats expectations
By a staff reporter, with AAPThe demand for home loans beat expectations in March, marking the second straight monthly increase, according to the Australian Bureau of Statistics. The data showed the...
View ArticleDexus sells most of its European properties
AAPDexus Property Group has sold five of its six remaining European industrial properties for a total of €16.5 million ($A21.72 million).Dexus, which specialises in owning, managing and developing...
View ArticleNSW urged to aid property market
AAPThe New South Wales (NSW) government should cut transfer stamp duty rates in next month's budget to stimulate the property market, a real estate group says.The Real Estate Institute of NSW (REINSW)...
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BREAKFAST DEALS: GPT shop drop
IndustriesPropertyAlexander Liddington-CoxGPT Group is set to announce the sale of its half stake in aNew South Wales central coast shopping centre, as talk grows of fresh discussions with Australand....
View ArticleUS housing starts plunge
AAPConstruction of new United States homes plunged in April but new building permits soared, official data show, pointing to continued recovery in the housing sector.Housing starts plummeted 16.5 per...
View ArticleWestfield exec pay comes under fire
Property giant Westfield Group's executive pay policy has been sharply criticised by two major proxy firms, despite both firms having backed Westfield's remuneration report ahead of its annual general...
View ArticleGPT sells Erina Fair stake
By a staff reporterGPT Group Ltd has sold its stake in Erina Fair shopping centre on the New South Wales Central Coast as part of its portfolio re-weighting strategy.In a statement to the Australian...
View ArticleSouth Korea shows rising interest in Aust property sector
The sale of GPT Group Ltd's half-stake in the $800 million Erina Fair shopping centre in NSW to South Korea's National Pension Service (NPS) is expected to set off a flurry of activity as South Korean...
View ArticleStockland cuts 80 jobs: report
Stockland Ltd has cut 80 jobs as part of its renewed focus on cust-cutting, The Australian Financial Review reports.The newspaper reports the group is aiming cut gross overheads by 10 per cent in 2014...
View ArticleStockland completes $400m capital raising
By a staff reporterStockland Ltd has raised $400 million through a fully underwritten placement to institutional investors, with the proceeds to reduce the group's balance sheet gearing by three per...
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