Expert backs Australand deal
Australand's takeover by Singaporean group Frasers Centrepoint has been declared fair and reasonable by independent expert KPMG.Frasers, which counts Thailand’s Chang Beer billionaire Charoen...
View ArticleDevine rises as takeover looms
Queensland-based residential developer Devine has hired investment bank Goldman Sachs as its adviser after attracting interest for a full-scale takeover of the company rather than a trade sale of the...
View ArticleClik here to view.
The great Australian housing rip-off
IndustriesPropertyCallam PickeringOwning your own home remains a dream for many Australians, but an increasingly difficult one. In our pursuit of home ownership we are frequently ripped off, with new...
View ArticleHousing a source of systemic risk: Murray inquiry
Please enable Javascript to watch this videoAustralia's housing sector and the major banks' increased exposure to mortgages have been identified as key risks in the Financial System Inquiry's interim...
View ArticleOptions aplenty for Scentre sales
Westfield's local spin-off Scentre Group has been inundated with proposals about potential asset sales, and Deutsche Bank has suggested the group could sell off a stake in its $1.65 billion Chermside...
View ArticleScentre sell estimated at $1.4bn
Westfield's Australian spin-off Scentre Group could reap $1.4 billion by selling eight non-core shopping centres, according to analysts at JPMorgan.The analysts have also floated the idea that...
View ArticlePacker, Chinese join forces over Queens Wharf
James Packer’s Crown Resorts and Chinese state-owned behemoth Greenland Holding Group are poised to announce they will combine their separate bids for the multi-billion-dollar Queens Wharf casino and...
View ArticleHywood flags change for Domain
Fairfax chief executive Greg Hywood has declined to make a formal commitment to keep the company’s metro mastheads in print seven days a week, while also flagging a major announcement to do with the...
View ArticleCrown, China’s Greenland team up for casino bid
James Packer's Crown Resorts has formed a consortium with Chinese developer Greenland to bid for a luxury resort and casino in Brisbane's CBD.Crown and Greenland will jointly prepare and lodge a...
View ArticleAustraland H1 profit soars
Australand Property Group says it expects to increase full-year earnings per share if the current strength in the residential property continues, but warned that its guidance may change if suitor...
View ArticleUS home values mired in 'lost decade': Zillow
Home values won't match their pre-recession peak of 2007 until 2017, an indication that the US is still in the middle of its housing recovery, according to Zillow Inc.'s real estate market report."In...
View ArticleEx-Woolworths CFO joins Stockland
Stockland has appointed former Woolworths chief financial officer Tom Pockett to its board of directors following his retirement from the supermarket giant in July.Mr Pockett served as CFO at...
View ArticleHigher Australand bid touted
Takeover target Australand has released its target statement, urging investors to accept a $2.6 billion offer from Singapore’s Frasers Centrepoint, although some say the offer could soon be...
View ArticleClik here to view.
The three forces pushing Australia towards recession
EconomyAustralian NewsCallam PickeringRampant speculation in the Australian and Chinese property sectors leaves our banking and mining sectors vulnerable to collapse within the next three years. Toxic...
View ArticleCBA, NAB, Westpac cut mortgage rate to record low
Please enable Javascript to watch this videoThe Commonwealth Bank has cut its mortgage rate to the lowest point ever offered, with National Australia Bank and Westpac following suit to match their...
View ArticleAust house prices still booming
The house price boom shows no sign of cooling despite the onset of winter.Price growth in almost all capital cities in the three months to June has helped the median Australian house price soar almost...
View ArticleHouse price fears overdone: Moody's
Despite sharp gains in Australian house prices over the past year fanned by record-low interest rates, Moody's Analytics said that prices are overvalued in some states, but not across the country as a...
View ArticleUS new home sales fall in June
Sales of new homes in the US have sunk in June and prices have fallen, signalling weakness in the struggling housing market, official data shows.Sales of new single-family houses fell to an annual pace...
View ArticleUK young home buyers at lowest recorded level
The rate of young people buying homes in the UK has fallen to the lowest level on record, a new report says.Just three per cent of those buying property in June were aged 18 to 30, according to the...
View ArticleASIC warns on trust returns: report
The corporate regulator cautioned investors about the transparency and potential high risks in the unlisted property trust sector.According to The Australian Financial Review, some of the best...
View Article