GPT Group eyes growth despite earnings dip
Listed property company GPT Group is eyeing earnings per share growth of at least 3 per cent in full-year 2014 despite a fall in first-half profit.Net profit after tax attributable to shareholders fell...
View ArticleSydney leads house price spike
Capital city house prices continue to rise, boosted by the very strong Sydney housing market.Prices rose 1.8 per cent in the three months to June, official figures show, better than the one per cent...
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Get ready for a softer property market
IndustriesPropertyCallam PickeringProperty prices continue to be driven by speculation in Sydney and to a lesser extent Melbourne. Housing multiples are near their peak and, with the unemployment rate...
View ArticleChina's Wanda to launch Australian arm
One of China's most prominent developers, Wanda Group, is poised to launch an Australian arm with an initial $HK7.5 billion ($1.74bn) war chest to spend in the local market, the company said. It will...
View ArticleChinese group snaps up Parramatta site
A Shanghai-based property group is poised to develop more than $600 million worth of apartments in Sydney’s west after it outbid local giant Meriton Apartments last night.It is understood the Chinese...
View ArticlePacific Alliance linked to Australand bid
The $2.6 billion takeover of Australand by Singapore’s Frasers Centrepoint could face yet another hurdle, with speculation running hot that a fund linked to Hong Kong’s Pacific Alliance Group is...
View ArticleThere is no housing bubble: CBA
Australia's biggest lender does not believe the housing market is in bubble territory, despite soaring prices in some areas.The Commonwealth Bank, which has unveiled a massive $8.68 billion cash...
View ArticleChina's appetite for overseas property is insatiable
IndustriesPropertyPeter CaiWhen China’s richest man, Wang Jianlin, came to Australia for a whirlwind visit in June, he was feted by the most senior political figures in the country -- from Prime...
View ArticlePearls eyes $170m windfall for Mirage sale
The Gold Coast Sheraton Mirage is up for sale, amid suggestions the beachfront resort will change hands for more than $170 million.Owners Pearls Australasia have put the 296-room property on the market...
View ArticlePropertylink beefs up ahead of float
Stephen Day’s Propertylink is continuing to add assets before a potential float, paying $21.6 million for a 23,452sq m site in Sydney’s southwest suburb of Minto.The property, at 50 Airds Road, is...
View ArticleTransfield exits Campus Living
Transfield Holdings has exited the student accommodation market after a decade, selling out of Campus Living Villages, which owns and manages more than 40,000 beds across 59 properties in Australia,...
View ArticleTriguboff's Meriton seals largest buy
Sydney's booming apartment market has snared a couple of billion-dollar developers with apartment tsar Harry Triguboff planning an ambitious 900-plus unit complex in Rosebery while Toga is eyeing a...
View ArticleGoodman Group FY profit jumps
Industrial property company Goodman Group says it is well positioned for solid earnings growth in fiscal 2015 after posting a sharp rise in full-year profit.At 10.15am (AEST), shares fell 0.19 per cent...
View ArticleDexus disappoints with 21% drop
Dexus Group has warned competitive leasing markets and high vacancies may continue as it announced a sharp fall in full-year profit, but says it is targeting increased dividend payments in fiscal...
View ArticleDexus on $800m selling spree
Dexus Property Group has set the commercial property markets in Australia and New Zealand alight this week, striking deals to sell about $800 million worth of property.Capping the flurry of activity,...
View ArticleChinese bank inks Brisbane lease
The world's sixth-largest bank by market capitalisation -- China Construction Bank -- has leased an entire boutique building in the Brisbane CBD, The Australian Financial Review reports.According to...
View ArticleStockland pockets $80m from Frasers bid
Stockland has accepted the Frasers Centrepoint takeover offer for its stake in Australand, pocketing a capital profit of around $80 million after earlier losing the bidding war for the...
View ArticleLend Lease eyes Millers Point: report
Lend Lease could fill its requirements for low-cost housing associated with its Barangaroo project by buying a nearby row of terrace houses, according to The Australian Financial Review. According to...
View ArticleATO targets holiday home rorts
The Australian Taxation Office is reportedly cracking down on holiday home owners who claim deductions from properties they’re only pretending to rent out.According to The Australian Financial Review,...
View ArticleSydney property ‘too hot’: Walker
Property tycoon Lang Walker has warned that the nation’s largest property markets may be at risk of overheating, Bloomberg reports.Mr Walker, the chairman of Walker Corporation, said that Brisbane’s...
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