Stockland posts FY profit surge
Stockland expects to lift earnings per share in the year ahead by between 6 and 7.5 per cent despite warning Australian businesses and consumers remain cautious and the global market will continue...
View ArticleChinese property prices fall in July
The average price of new homes in 70 Chinese cities fell for the third straight month in July, as property developers continued to cut prices to reduce inventories amid the market downturn. The average...
View ArticleAbacus, KKR team up on $120m buy
Abacus Property Group and investment firm Kohlberg Kravis Roberts (KKR) have teamed up to buy a $120.4 million controlling stake in three towers of Melbourne's World Trade Centre complex. The joint...
View ArticleUS home builders more confident in August
Home builders grew more optimistic in August as an improving job market and falling mortgage rates boosted the outlook for home sales. An index of builder confidence in the market for single-family...
View ArticleHouse price growth to slow: Stockland
Property developer Stockland is hoping healthy housing market conditions will underpin its business next year, with Sydney and Queensland leading the charge.Property price growth is expected to slow...
View ArticleInvesta FY profit rises 16%
Investa Office Fund posted a 16 per cent increase in full-year net profit despite a challenging year for office markets.Investa shares rose 1.1 per cent to $3.67 at 10.15am (AEST), against a benchmark...
View ArticleUN warns on Aust housing bubble
Australia's economy faces "sluggish" growth amid warnings of an asset bubble in the property sector that needs to be "closely monitored", the United Nations says in its latest economic report for Asia...
View ArticleHousing help needed for seniors
PoliticsNational AffairsAlan KohlerOne of the least known and least controversial measures in the federal budget was also one of the least sensible -- the quiet strangling of something called “Housing...
View ArticleHome loan focus hurting economy
Industry super funds contend the focus of banks on home loans over business credit is hurting the economy, Fairfax Media reports.In its latest submission to the Financial Services Inquiry, Industry...
View ArticleScentre Group weighs its options
Newly minted Westfield spin- off Scentre Group will consider asset swaps and could create new unlisted funds as chief executive Peter Allen moves to review the $28.6 billion portfolio.In his first...
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Watching the housing market for vital signs
IndustriesPropertyCallam PickeringFew measures of the housing sector are more valuable than loan approvals and dwelling turnover. Both measures -- operating as a proxy for housing demand -- provide...
View ArticleHow Obama pushed Chinese property investors toward Australia
IndustriesPropertyRobert GottliebsenWhy have Chinese people rushed to buy and develop residential property in key selected areas of Sydney and Melbourne, as well as other places? The development...
View ArticleMirvac FY profit jumps
Mirvac Group expects to increase its dividend in fiscal 2015 after reporting a sharp lift in full-year 2014 profit.Mirvac shares fell 1.05 per cent to $1.885 at 10.15am (AEST), against a benchmark...
View ArticleCFS Retail lifts FY profit
CFS Retail Property is confident of maintaining its momentum in the year ahead as it transitions to a fully independent and integrated retail property business on the back of a strong lift in full-year...
View ArticleAVJennings swings to FY profit
AVJennings is gearing up to develop more homes as the east coast property market takes off.The home builder expects to develop between 1,500 and 1,700 lots in the next 12 months.It developed 1,264 lots...
View ArticleMedian house price reaches $1m in 417 suburbs
Million dollar homes are becoming increasingly common as the median house price in hundreds of Australian suburbs soars above seven figures.There are now 417 suburbs Australia-wide where you're likely...
View ArticleBanks face a correction: Murray
David Murray says the Australian banking system needs to be strengthened before asset prices correct in the wake of global monetary stimulus programs.The Australian Financial Review quotes a speech...
View ArticleAust housing may be 30% overpriced: expert
Jeremy Lawson, a former senior economist at the Reserve Bank of Australia, has warned that local housing prices could be as much as 30 per cent above fair value, The Australian Financial Review...
View ArticleScentre sees mild income lift
The owner of Westfield's Australian and New Zealand shopping centres, Scentre, lifted its first half net operating income by 2.3 per cent and expects a similar increase for the rest of the year.Scentre...
View ArticleUS home price growth stalls
The yearly growth in home prices across the US continues to slow this year, according to a home price report released Tuesday. The home price index covering the entire nation increased 6.2 per cent in...
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