Building approvals beat expectations in July
Building approvals rose more than expected in July, official data shows.The Australian Bureau of Statistics data showed the number of buildings approved rose a seasonally adjusted 2.5 per cent to...
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An apartment construction boom chaser
EconomyAustralian NewsCallam PickeringThe June quarter might be old news but it will dominate this week’s economic discussion. Net exports are set to subtract around 0.9 percentage points from real GDP...
View ArticleHousing correction inevitable: Gonski
Please enable Javascript to watch this videoANZ chairman David Gonski says a correction in the housing market is inevitable amid growing concerns that soaring house price growth in the capital cities...
View ArticleIngenia drops $200m takeover of parks fund
Retirement village owner and operator Ingenia Communities Group has dropped its takeover attempt of a $200 million parks fund managed by Aspen Group after the plucky Perth group decided to play...
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Building blocks for a US rate rise
Global NewsUS EconomyCallam PickeringAfter a rocky start to the year, construction activity in the US has increased sharply over the past four months and poses some upside risk for the economic...
View ArticleGPT, GWOF in $608m Melbourne buy
GPT Group has teamed with GPT Wholesale Office Fund (GWOF) to purchase the CBW property in Melbourne from CBUS Property for $608.1 million. GPT and GWOF will each acquire a 50 per cent interest in CBW...
View ArticleMorgan checks out of Hyatt
Investment banking heavyweight Morgan Stanley will exit its longstanding Australian hotel holding, having sold its half interest in the $583 million Grand Hotel Group.The move will end a long-running...
View ArticleInghams look to IPO for holiday parks
The wealthy Ingham family, which amassed its fortune through its poultry empire, has embarked on an initial public offering or trade sale for a portfolio of holiday parks on Australia’s east coast.The...
View ArticleAust homebuyers have world's best deal: Symonds
John Symond, the very public founder of Aussie Home Loans, has joined the Australian Securities and Investments Corporation and Reserve Bank of Australia in refuting suggestions more competition is...
View ArticleMelb development to create 6,000 jobs
More than 6000 jobs will be created as part of a $738 million dollar development in central Melbourne.Victorian Planning Minister Matthew Guy has approved five planning permits for the construction of...
View ArticleACCC clears Fairfax's All Homes buy
The consumer watchdog will not oppose Fairfax Media's proposed $50 million acquisition of All Homes, after finding the tie-up was unlikely to hinder competition. The Australian Competition and Consumer...
View ArticleChinese home builders bet on US rebound
Small Chinese builders are following their larger brethren into the U.S., betting that the recovering American housing sector will help them expand as China struggles with its cooling market.Landsea...
View ArticleAMP buys NAB Docklands site
The second leg of what has been billed as Melbourne’s largest direct property sale completed yesterday, with AMP Capital’s Wholesale Office Fund buying National Australia Bank’s Docklands complex from...
View ArticleFrasers secures 98% of Australand
The Singapore-based bidder for the Australand Property Group has fallen just short of securing 100 per cent of its takeover target.Australand said on Friday that at the close of Frasers Centrepoint's...
View ArticleS&P warns of 'disorderly' housing correction
Ratings agency Standard & Poor’s has warned on the ramifications of greater access to credit for Australian housing, saying it could risk a “disorderly correction” in property prices.In a...
View ArticleDeals keep coming in the REIT sector
The rash of takeovers in the real estate investment trust sector is being balanced by a run of new high-yielding floats.While Australand Property Group will soon disappear from the Australian Stock...
View ArticleOffshore buyers push housing growth
Foreign buyers are helping ease Australia’s housing shortage, with offshore investment spurring on higher-than-expected home development levels.A report to be released today by property consultants RP...
View ArticleWoolworths sells $603m hotel portfolio
Woolworths' is selling liquor retail property assets in a $603 million deal, one of the largest hotel portfolio sales in Australia.Charter Hall Group and superannuation fund HOSTPLUS will buy the...
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Melbourne leads unit sales, Parramatta a surprise contender, RP Data finds
A hefty 23,000 apartments have changed hands across the country’s 50 most popular apartment locations as more Australians embraced high-rise living last year.The apartment boom sweeping through Sydney...
View ArticleDalian Wanda plans $US6bn Hong Kong IPO
Dalian Wanda Group Corp, the Chinese company that bought movie chain AMC Entertainment, is planning to list its real estate unit in a Hong Kong initial public offering that could raise between $US5...
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