House price growth to fall: NAB
Demand for mortgages in Australia should remain strong even as house price growth moderates, according to the National Australia Bank.NAB's head of personal banking Gavin Slater said house price growth...
View ArticleScentre slides as Westfield Corp soars
Westfield’s newly created Australasian property arm Scentre Group had a rough first day on the bourse while investors who had opposed its creation flagged that they may seek to challenge the former...
View ArticleChinese still circling Meriton
Hong Kong-listed development giant Country Garden has emerged as one of the Chinese companies to have approached Harry Triguboff to buy at least part of his $6.25 billion Meriton apartment...
View ArticleStockland inks aged care deal
Stockland has entered into a strategic partnership with Opal Aged Care to provide aged care services at a number of Stockland Retirement Villages.At 10.45am (AEST), Stockland shares fell 2.25 per cent...
View ArticleStockland in aged-care sell-off
Stockland Group will sell four aged-care facilities to Opal Aged Care in a deal worth $25.6 million.The facilities, with 366 beds and a possibility of a further 92, are located with Stockland’s...
View ArticleMoody’s warns on Aust house prices
Moody’s Investors Service has delivered a warning on Australian property prices, saying they are increasingly likely to “face a correction”.The ratings agency, in a regular report on the Australian...
View ArticleForeigners not pricing new buyers out of market: RBA
Reserve Bank Assistant Governor Christopher Kent has poured cold water on suggestions that foreign investment in the local property market has priced out first-home buyers.Mr Kent told the told the...
View ArticleWestfield towers worth selling
Rocketing property values could prompt the Scentre Group to investigate putting the $1 billion office towers above Westfield Sydney on the block, with groups eager to secure the assets trying to line...
View ArticleAPRA's inaction brings a housing crisis closer
IndustriesPropertyCallam PickeringIs it time Australia took the plunge and introduced measures to slow household lending? Given our similarity to both New Zealand and the United Kingdom -- from...
View ArticleAPRA seeks distance from govt
The Australian Prudential Regulation Authority wants more distance from potential government intrusion on plans for closer banking scrutiny, The Australian Financial Review reports.The executive...
View ArticleNew home sales fall in May: HIA
New home sales fell for the first time in five months in May and may have peaked for the cycle, according to the Housing Industry Association.Sales fell by 4.3 per cent in the month, a survey of...
View ArticleUniSuper buys $200m stake in Scentre
Superannuation heavyweight UniSuper has ploughed more than $200 million into Westfield’s newly restructured Australian business Scentre Group in what some say is a vote of confidence for the mall...
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A new asset class growing under Hockey's nose
IndustriesPropertyRob Burgess“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens" — John Maynard KeynesWhen...
View ArticleRetailers pay the price for the government's bad sales job
EconomyAustralian NewsRobert GottliebsenThe hammering the Abbott government has received in the polls has finally been recognised by the government as a problem of its own making. Malcolm Turnbull...
View ArticleHome values jump 10% in FY14
Please enable Javascript to watch this videoCombined capital city dwelling values rose by 10.1 per cent over the year to June 30, as record low interest rates support demand for mortgages.The RP...
View ArticleAustraland recommends Frasers bid
Singapore's Frasers Centrepoint $2.6 billion bid for Australand Property Group looks set to advance, after receiving unanimous backing from the target’s directors.The off-market cash offer, which...
View ArticleLondon property soars 26% in 12 months
LONDON -- London house prices are now 30 per cent higher than their 2007 peak, as the country’s residential property values continue to accelerate unevenly, according to two surveys released...
View ArticleBuilding approvals spike in May
Building approvals jumped in May, beating expectations of a more modest rise, official data shows.The Australian Bureau of Statistics data showed the number of buildings approved rose a seasonally...
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Trouble in the bedroom for housing investors
IndustriesPropertyRob BurgessWhen Treasurer Hockey revealed his plan to put the nation on a crash diet to slim down welfare spending, it was clear that certain sectors would be impacted more than...
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Cashing in on China's hunger for Australian real estate
EconomyChinaPeter CaiInvestorist founder Jon Ellis. Source: The Australian.Selling properties to overseas investors is big business in Australia. The Foreign Investment Review Board approved $51.9...
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