Mirvac frontrunner for $350m Altis portfolio
The highly active Mirvac Group has emerged as the keenest contender for the bulk of the $350 million Altis Property Partners portfolio.While the private equity real estate group is still deciding the...
View ArticleUGL backs TPG’s Cassidy Turley deal
UGL said it welcomes the TPG consortium’s acquisition of the Washington-based Cassidy Turley and its intension to combine the business with DTZ, the real estate division which UGL had agreed to sell to...
View ArticleOnthehouse boss stood down pending civil suit
The boss of real estate website Onthehouse has stood down after legal action was launched against him in Queensland.Chairman Gail Pemberton said Michael Fredericks had agreed to stand down as chief...
View ArticleStockland to sell final two UK assets
Stockland is moving to fully exit its operations in Britain following a tumultuous eight years for the company’s London outpost.The company revealed its intention to ditch the remnants of its British...
View ArticleNAB dismisses property bubble talk
NAB chief executive Andrew Thorburn says it is “old-fashioned” supply and demand, rather than a bubble, that is driving the surge in Australian housing prices.Speaking to The Australian in Perth...
View ArticleWhy the RBA will struggle to rein in housing activity
EconomyAustralian NewsRobert GottliebsenIt’s not going to be easy for the Reserve Bank to curb housing activity because about a quarter of the new loans come from well-rewarded brokers who will...
View ArticleNumber of properties for sale falling: RP
Home hunters are battling for fewer properties as the traditional spring market heats up.A survey by RP Data shows that the number of properties listed for sale in all capital cities, excluding Perth,...
View ArticleIngenia oversubscribed for institutional offering
Retirement village operator Ingenia Communities Group has won positive support from investors for its planned $89.1 million of capital raising, with the institutional component already oversubscribed,...
View ArticleLJ Hooker taps Lazard for sale
Residential real estate agent LJ Hooker has appointed Lazard to assist with the sale process of the business — but a float of the iconic brand appears unlikely.The sale process for LJ Hooker comes as...
View ArticleRBA faces lender backlash
Lenders have stepped up their opposition to threatened regulatory moves to curb booming housing prices as Reserve Bank of Australia governor Glenn Stevens defended his backflip over the use of...
View ArticleRBA lending curbs will hit housing: Triguboff
Billionaire apartment developer Harry Triguboff says any move by the Reserve Bank to curb residential property lending and take the heat out of investor activity could seriously damage confidence in...
View ArticleWhy the RBA's macroprudential move will fail
IndustriesPropertyAdam CarrThe Reserve Bank of Australia’s Financial Stability Review spells out clearly the case against macroprudential regulation. Indeed it’s apparent that the call to increase the...
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Why Chinese property developers are targeting sites outside of China
EconomyChinaMichael YangFrom a sales revenue of ‘only’ RMB 1.2bn (equivalent to A$ 207 million) per annum in 1998, to a staggering revenue of RMB 170.9bn (A$ 29.4bn) in 2013, Vanke has surely created...
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Housing bubble or not, negative gearing should stay
IndustriesPropertyRoss GuestThe ConversationThe perennial debate about negative gearing of residential property investments has been reignited yet again, by two reports in the past week.The...
View ArticleGrocon sells CUB sites for $60m
Private developer Grocon has reaped about $60 million from the sale of two development lots at the former Carlton & United Breweries site in the inner Melbourne suburb of Carlton.A private...
View ArticleCaution urged on housing tools
Former US Federal Reserve governor Randall Kroszner has warned on the risks associated with the new macroprudential tools promoted by the Reserve Bank to curb the rate of house price growth, The...
View ArticleRBA officials to front Senate hearing
Reserve Bank of Australia officials, potentially including the central bank's deputy governor Philip Lowe, will front a special public hearing of the Senate economics committee to explain recent...
View ArticleHouse prices flatten in September: report
House prices flattened in September after the strongest winter gains in seven years.A daily home value index for mainland state capitals compiled by RP Data and CoreLogic was down 0.3 per cent in the...
View ArticleRBA blamed for housing speculation
Former Reserve Bank board member Warwick McKibbin has blamed the bank’s ultra-low interest rate policy for unleashing a surge in unsustainable property speculation, at the same time as the housing...
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Australia: land of the free … and indebted
EconomyInterest RatesAlan KohlerAnother frisson of disquiet rippled through the econotariat yesterday with the release by the Reserve Bank of credit aggregates for August.Credit growth continued to...
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