Schwartz sell-off to fund Sydney Sofitel
Multimillionaire cosmetic surgeon and hotelier Jerry Schwartz is planning a controversial heliport atop the Sydney Darling Harbour Sofitel hotel he is buying from developer Lend Lease for about $368...
View ArticleNew mandate for 360 fund
Listed minnow CVC Property Fund is going to take on a new mandate if plans by listed real estate investment and funds manager 360 Capital Group to take over its management go ahead.360 Capital has been...
View ArticleChinese pay $80m for Gold Coast Sofitel
A major Chinese group is the surprise purchaser of the Sofitel Hotel on Queensland’s Gold Coast, pledging to pay more than $80 million for the property, as mainland players set the pace for hospitality...
View ArticleRBA warns on home lending
The Reserve Bank of Australia has cautioned against new policies that may encourage greater supply of mortgage finance in Australia, noting they could have implications for systemic risk.The comments,...
View ArticleCall for lenders to ration credit
A top international investment strategist believes that Australian banks need to start rationing credit to avoid further inflating a housing bubble and "extend the boom".Paul Schulte of Schulte...
View ArticleNew home sales fall in July: HIA
The housing market has suffered a setback to the start of the financial year after enjoying a strong recovery in 2013-14.New home sales fell 5.7 per cent in July, seasonally adjusted, after a 1.2 per...
View ArticleScentre Group prices $400m senior notes
Scentre Group has priced $400 million worth of senior notes, with the proceeds slated for repayments on its outstanding bridge facility. The issue comprised fixed-rate seven-year notes with a coupon...
View ArticleScentre hoses down NZ exit rumours
Westfield's recently relaunched Australasian shopping centre landlord Scentre Group is continuing to hose down rumours it is planning an exit from the New Zealand market.Market sources last night said...
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A house-price curse for retirees
IndustriesPropertyRob BurgessClive Palmer is onto something when he repeats, ad nauseum, the tale of the old ladies who visited his electorate office to complain they couldn’t afford their weekly movie...
View ArticleUK house prices surge to new all-time high
British house prices surged by 11 per cent year-on-year in August to reach another new all-time average high of £189,306 ($A345,543).Property values were pushed up by 0.8 per cent month-on-month,...
View ArticleVic first home buyers get stamp duty cut
Victorian first home buyers will receive a 50 per cent discount on stamp duty as of Monday.The state government says eligible home owners will save up to $15,535 in stamp duty on dwellings valued up to...
View ArticleANZ tower stake on the market
The commercial property market is set for another big test as US group LaSalle Investment Management puts its stake in ANZ’s Sydney headquarters on the block in a deal likely to show that the stake is...
View ArticleAllan Fife on prowl for next play
Industrial property is running hot and the Allan Fife-managed Australian Industrial REIT is rumoured to be considered tapping equity markets to fund its next play.A sharp post-results lift in its price...
View ArticleScentre eyes $1bn NZ sell-off
Westfield's relaunched Australasian shopping centre landlord Scentre Group is in talks to sell half its $2.6 billion New Zealand portfolio, either through a float on the New Zealand stock exchange or...
View ArticleAPRA cautions against home lending boost
The Australian Prudential Regulation Authority has followed the lead of the Reserve Bank of Australia in cautioning against measures to aid competition in the mortgage market.In its latest submission...
View ArticleHousing prices post strongest winter gain in 7 years
Please enable Javascript to watch this videoHousing prices have posted their strongest winter gain in seven years, according to a widely-watched gauge.The RP Data CoreLogic Hedonic home value index of...
View ArticleGirdis in ‘$300m listing bid’
The former boss of Macquarie’s real estate arm, Stephen Girdis, is believed to have plans for a property float on the ASX.The company would consist of New Zealand office buildings and is estimated to...
View ArticleAnalysts back Scentre’s NZ sale
Westfield spin-off Scentre Group has issued a statement to the Australian Securities Exchange confirming its focus on finding buyers to jointly own its shopping malls, following speculation it is...
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Empty-nesters locked up with their money
Business SpectatorPoliticsRob BurgessThe still-booming house price figures released by RP Data yesterday will be welcomed by the thousands of investors who have piled into the market in past months.The...
View ArticleMoody’s issues Aust bank warning
Ratings agency Moody’s is the latest to issue a warning on home lending in Australia, saying the rise in higher-risk loans is "credit negative" for Australia’s banks.Moody’s senior credit officer Ilya...
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