Triguboff offloads $5m purchase for $18m
Property tycoon Harry Triguboff has tripled his money on the sale of a development site on Sydney’s northern beaches, selling a 3ha plot in Warriewood to listed developer Sunland Group for $18...
View ArticleSimon Property Group mulls CFS Retail bid
America's Simon Property Group is expected to pursue the $6.4 billion CFS Retail and a deal with Melbourne billionaire John Gandel rather than have a tilt at Westfield’s Australia spin-off Scentre,...
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Why Gonski is wrong about house prices
IndustriesPropertyAdam CarrPlease enable Javascript to watch this videoDavid Gonski made a ridiculous comment last week when he stated, "The fact is, anyone who believes [house] prices always go up is,...
View ArticleHousing finance misses estimates in July
Demand for home loans rose in July, official data showed, but by much less than expected, as loans for owner-occupied homes slipped in the month.According to the Australian Bureau of Statistics, the...
View ArticleRegis expected to launch $500m IPO this month
Regis Aged Care is expected to launch an initial public offering within September to raise about $500 million, reporting by Data Room has found.Pre-marketing research has valued the company between $1...
View ArticleShimao eyes $1bn windfall in CBD tower
A company controlled by Australia’s richest Chinese-born citizen, billionaire Hui Wing Mau, is in due diligence to buy a Sydney office building that has potential for an apartment and hotel development...
View ArticleLend Lease’s $600m mall portfolio offload firms
Lend Lease’s funds unit is moving closer to offloading a $600 million portfolio of shopping centres, with the race for the year’s largest retail property portfolio culminating.The sale process, handled...
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DataRoom AM: Rinehart ambition
DataRoomBreakfast DealsDaniel PalmerGina Rinehart’s intentions for her stake in Fairfax Media are again the subject of much conjecture as details of a takeover push two years ago emerge. But is the...
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Why property is no longer a safe bet
IndustriesPropertyCallam PickeringAccording to my colleague Adam Carr, “buying property is, quite simply, a no-brainer” because “on any reasonable time frame, prices do only go up” (Why Gonski is wrong...
View ArticleChinese not inflating house prices: ANZ
Asian investors are not to blame for rising property prices in Australia, says the head of ANZ's Australian operations.Property prices have leapt by more than 10 per cent in the past year, with...
View ArticleAsians buyers 'not to blame' for property prices
Asian investors are not to blame for rising property prices in Australia, says the head of ANZ's Australian operations.Property prices have leapt by more than 10 per cent in the past year, with...
View ArticleAuctions best housing market guide: RBA paper
Auction prices are a better guide to the housing market than prices resulting from private sales, a research discussion paper from the RBA says.The paper, by David Genesove of the Hebrew University of...
View ArticleUS firm dismisses Westfield, CFS talk
Simon Property Group chief executive David Simon has moved to pour cold water on speculation his company is pursuing a deal in Australia, possibly with CFS Retail or Westfield.An apparent sighting of...
View ArticleGPT to list office fund
Property investment company GPT Group is set to publicly list its metropolitan office fund, valued at about $376 million.The GPT Metro Office Fund will feature six metropolitan and business park office...
View ArticleWestfield prices $US3.5bn debt issue
Westfield Corp has priced $US3.5 billion of senior fixed-rate notes in the US market to pay down borrowings from a bridging facility and for what it terms "general corporate purposes".The property...
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An Australian property crisis made in China?
EconomyChinaMark BeesonThe ConversationAAPThe strength of a nation derives from the integrity of the homeConfuciusWise words indeed, and ones that are especially apt at present. Australia is not the...
View ArticleDubai World may get more aid from support fund
The Dubai Financial Support Fund, a vehicle set up in 2009 to help the emirate's government holdings weather the financial crisis, is considering increasing its financial backing for Dubai World as...
View ArticleNo house price crisis: RBA's Edwards
The rapid rise in Australian house prices isn’t problematic and won’t continue indefinitely, a central bank board member has said, before sounding a note of caution about the country’s latest...
View ArticleWeekend Economist: Figures of fiction
IndustriesPropertyBill EvansLast week we saw two key barometers of the Australian economy – consumer sentiment and the monthly jobs report. One was surprisingly weak while the other was astoundingly...
View ArticleBIS warns on Aust house prices
The world’s peak central banking authority has concluded Australia’s house prices have fallen over the past three years and could fall further, in new analysis that will surprise the stampede of...
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