Leighton steps up property arm sale
Leighton Holdings has intensified its sales campaign for its property development arm, holding talks with the country’s largest developers in the past week in an effort to drum up interest.The $7.7...
View ArticleFrasers declares Australand bid final
Singapore-based Frasers Centrepoint has declared its takeover bid for Australand Property Group to be its best and final offer in the absence of a competing proposal.The suitor said its offer of $4.48...
View ArticleREA buys stake in iProperty
Online real estate giant REA Group has acquired a large stake in a south-east Asian property business for $106.3 million.The owner of realestate.com.au has bought a 17.22 per cent shareholding in...
View ArticleREA Group buys $106m chunk of iProperty Group
Business SpectatorTechnologyAAPOnline real estate giant REA Group has acquired a large stake in a Southeast Asian property business for $106.3 million.The owner of realestate.com.au has bought a 17.22...
View ArticleLondon rents double rest of UK
Rents in London have reached double those across the rest of the UK for the first time ever, according to new research.Average rents across the country went up 6.3 per cent over the last 12 months and...
View ArticleDexus deal to reset city values
Dexus Property Group is continuing to reshuffle its portfolio with a Melbourne office tower worth about $80 million the latest asset in play.After moving to sell buildings in Sydney and Auckland, the...
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A worrisome debt trap for first-home buyers
IndustriesPropertyCallam PickeringShould the federal government allow first-home buyers to access their superannuation savings to pay for a housing deposit? Only if it wants housing affordability to...
View ArticleStockland eyes Leighton assets
Leighton Holdings' $7 billion residential and real estate portfolio has drawn the attention of Stockland and Singapore's City Developments, The Australian Financial Review reports.According to the...
View ArticleNew home sales lift in June quarter: HIA
Sales of new homes lifted in the quarter after a surge in apartment sales in the month of June, according to the Housing Industry Association.In the three months to June, new home sales increased 2 per...
View ArticleS+P warns banks on high residential exposure
The high level of credit exposure to residential properties poses as a “natural red flag” to Australian banks, which have accumulated about 60 per cent of housing credit in their portfolios, global...
View ArticleUK mortgage approvals rise to four-month high in June
The number of loans approved for house purchase in the UK rose more than expected to a four-month high in June, a sign the mortgage market is adapting to tougher measures designed to reign in risky...
View ArticleHow to heal the housing market
EconomyAustralian NewsAdam CarrFive years after the GFC, many nations appear to be lurching head first into yet another housing crisis. In response, increased macroprudential regulation has become the...
View ArticleGenworth tips higher FY profit
Mortgage insurer Genworth has flagged a full year profit of up to $250 million amid higher premiums as a strong property market leads to fewer claims.Investors cheered the news, sending Genworth shares...
View ArticleHigher rates needed to prevent housing bubble: HSBC
Please enable Javascript to watch this videoHouse prices are expected to soar 10 per cent this year, but the Reserve Bank may need to start hiking rates in 2015 to prevent a dangerous bubble...
View ArticleProperty trusts in spotlight
Westfield Corporation is again in the takeover spotlight — this time as a suitor — after news that French mall owner Klepierre and The Netherland’s retail landlord Corio had agreed to a €7.2 billion...
View ArticleSam Zell puts Australian assets on the block
Chicago-based property giant Commonwealth REIT, headed by billionaire businessman Sam Zell, will put its entire Australian portfolio, which is worth about $300 million, on the market.The company owns...
View ArticleInvesta shrugs off takeover focus
Investa Property Group has provided a strong signal that it will continue to do business across its $8 billion office platform in the face of speculation about its future ownership.The group, owned by...
View ArticleBlame the in-laws for China's soaring house prices
EconomyChinaPeter CaiHouse prices in China have skyrocketed in the last decade, making the country one of the least affordable places in the world to buy property, relative to income. One of the most...
View ArticleBuilding approvals slide in June
Building approvals fell sharply in June, missing expectations of a flat result, official data shows.The Australian Bureau of Statistics data showed the number of buildings approved fell a seasonally...
View ArticleCromwell Property site falls to Invesco
American investment heavyweight Invesco has snapped up Cromwell Property Group’s office tower on Exhibition Street in Melbourne for $208 million.Invesco bought the property near the corner of La Trobe...
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