New home sales increase in Aug: HIA
New home sales increased in August after falling in July, although a downward trend in seasonally adjusted terms is still apparent, according to a private report by the Housing Industry Association.HIA...
View ArticleHalf in UK back Labour's mansion tax plan
More than one third of British consumers believe that Labour's proposals for a mansion tax on homes worth more than £2 million ($A3.65 million) would be unfair while more than half would be supportive...
View ArticleRBA slowing housing market: Ray White
Ray White chairman Brian White has said the heavily publicised concern from the Reserve Bank of Australia over house prices has already taken a toll on the property market, The Australian Financial...
View ArticleValad’s European unit up for sale
Private equity giant Blackstone is looking to exit the European operations of the Australian-founded Valad Property Group, which it has transformed into one of the continent’s most active real estate...
View ArticleThe clock is ticking on negative gearing
IndustriesPropertyRobert GottliebsenThose planning to negatively gear an investment dwelling should consider taking action sooner rather than later. There is no certainty that the taxation treatment...
View ArticleHilton to sell Waldorf Astoria to Chinese firm
Hilton Worldwide Holdings Inc. is selling its flagship hotel, the historic Waldorf Astoria in Manhattan, for US$1.95 billion, illustrating the heated competition --particularly among foreigners -- for...
View ArticleUK house prices tipped to slip in 2015
British property prices will fall in 2015 following a steep rise over this year, according to a leading forecaster the Centre for Economics and Business Research (CEBR).Researchers predict prices to...
View ArticleTIAA Henderson joins Federation in mall buy
The $US77 billion ($87bn) financial services giant TIAA CREF has teamed up with Federation Centres to purchase the Mount Ommaney Centre shopping centre in Brisbane for $416.25 million.Meanwhile,...
View ArticleInvesta fund manager resigns
Investa Office Fund is looking for a new fund manager after the company announced current fund manager Toby Phelps will be relocating back to the United Kingdom.Investa, an Australian-based real estate...
View ArticleDaydream Island again up for sale
Vaughan Bullivant is re-launching the sale of his Whitsundays resort Daydream Island after almost two years on the market.Agents for the colourful businessman issued a fresh expressions of interest...
View ArticleLend Lease plans US expansion
Construction and development giant Lend Lease is readying to expand its US presence and enter the market as a master developer, with the group now reviewing urban regeneration projects across the...
View ArticleGIC eyes Scentre’s $1bn NZ assets
Singapore's GIC is believed to have submitted an attractive proposal to acquire Scentre’s $1 billion-plus New Zealand portfolio, but it remains to be seen whether the company will take the offer or...
View ArticleMirvac spends $310m on Birkenhead Point
Mirvac Group has entered into an agreement to buy the Birkenhead Point Shopping Centre at Drummoyne in Sydney, including an adjoining car parking facility and marina, for $310 million.The centre was...
View ArticlePrepare for more Chinese investment: ANZ
The opening up of China’s financial markets will drive even more Chinese investment in Australia, with capital flow to sectors all across the range from agriculture to financial services, ANZ managing...
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Another RBA warning on housing
IndustriesPropertyCallam PickeringThe Reserve Bank of Australia (RBA) has weighed in yet again on the introduction of macroprudential policies to slow down lending activity.In a speech yesterday, the...
View ArticleChinese banks relax mortgage rules
BEIJING—China’s two biggest banks eased mortgage rules on Thursday and will offer lower lending rates for first-time homebuyers, as the government moves to reinvigorate its real-estate sector.Property...
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The squeeze on first home buyers continues
IndustriesPropertyCallam PickeringSpeculative activity continues to dominate Australia’s residential property sector and now accounts for roughly half of new mortgage activity. Given these results, the...
View ArticleLondon house prices to rise 33% by 2019: report
Average house prices in England and Wales are set to jump 30 per cent in the next five years, a study by property website Rightmove and forecaster Oxford Economics concludes.Prices in London are set to...
View ArticleWestfield restructure a success: Lowy
Frank Lowy believes he has been vindicated for pushing through the controversial restructure of the $70 billion Westfield shopping centre empire.Four months after he narrowly won a shareholder vote to...
View ArticleStockland in $59m Qld retail buy
Stockland will acquire a 50 per cent interest in Sugarland Shoppingtown in Bundaberg, Queensland for $59.25 million as the property group looks to bolster its national retail portfolio.Stockland has...
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