Troubles in China rattle western banks
HONG KONG—When Chinese property developer Agile Property Holdings Ltd. said this month that its chairman was taken into custody by authorities, the disclosure was a shock to Western banks that lent the...
View ArticleChina Vanke 3Q net profit up 2.8% at CNY1.65 Billion
SHANGHAI—China’s weakened housing market continued to pinch China Vanke Co. , as the major property developer posted a 2.8 per cent profit gain and nearly flat revenue after rolling out fewer projects...
View ArticleGoodman Group keeps FY guidance
Goodman group has reported a strong start to the 2015 financial year and has reaffirmed its full-year earnings guidance, which should see earnings per share increase by 6 per cent over the year.The...
View ArticleStudents driving inner-city property market: RBA's Ellis
Building houses on city fringes may be counter-productive to solving Australia's supply shortage, since most people want to live near the city, a Reserve Bank official says.The RBA's head of financial...
View ArticleStockland reaffirms FY15 share growth
Property group Stockland has seen the best quarterly results for its residential business in four years, as it reaffirmed earnings per share growth up to 7.5 per cent for the 2015 financial year at its...
View ArticleTriguboff nearing $6bn Meriton sale
Rich lister Harry Triguboff is locked in talks with a Chinese-based suitor over the potential sale of his Meriton property empire, Bloomberg has reported.Meriton, the nation’s largest homebuilder, has...
View ArticleGPT Group lifts FY earnings guidance
GPT Group has upgraded its full-year earnings guidance on the back of strong momentum across its office portfolio in the September quarter.In the three months to September 30, GPT's office division...
View ArticleMortgage Choice eyes profit growth
Home loans broker Mortgage Choice expects to increase its profit this financial year amid Australia's housing boom.Chief executive Michael Russell says loan approvals rose 12.5 per cent to $3.3 billion...
View ArticleNAB commercial property index posts first positive read since 2011
NAB's commercial property index recorded its first positive read since the first quarter of 2011, but the picture was mixed across the country, with WA sentiment falling to an all-time low.Retail...
View ArticleDexus announces share consolidation
Dexus Property Group says its full-year guidance for 8.5 per cent growth in funds from operations still stands, after unveiling a one-for-six consolidation of its stapled securities.Chairman...
View ArticleAltis Property buys NSW shopping centre for $40.5m
Private equity fund Altis Property Partners has acquired a shopping centre on the NSW Central Coast for $40.5 million.The Lake Haven Home Mega centre, spread over nearly 22,000 square metres, is...
View ArticleUK mortgage market dips again as prices plateau
The number of new mortgages approved in Britain fell in September to the lowest level in 14 months, the latest sign that the UK housing market is cooling. There were 61,267 new home loans approved...
View ArticleMirvac reaffirms FY EPS guidance
Mirvac has reaffirmed its full-year earnings per share (EPS) and distribution guidance on the back of a solid first quarter.The property group reaffirmed it expects EPS in the range of 12 to 12.3 cents...
View ArticleHouse prices rise strong in Oct: RP
Housing prices rose strongly in October after stalling in September according to early signs from the RP Data CoreLogic home value index.In the first 29 days of October, prices in the mainland state...
View ArticleNew home sales flat in Sept: HIA
New home sales were flat in September, despite sales of multi-units reaching a new cyclical peak in the month, according to the Housing Industry Association's new home sales report.Seasonally adjusted...
View ArticleDefence Housing FY14 profit beats expectations
Defence Housing Australia could be a promising privatisation prospect, with the organisation reporting a $90.1 million net profit.In its annual report, DHA said that was $5.8 million above the budget...
View ArticleCan the housing market celebrate the death of macro-pru?
IndustriesPropertyAdam CarrSome recent signals indicate that regulators are taking a step back from employing macro-prudential policies in the property market, although calls for a regulatory response...
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What will cause land prices to fall?
IndustriesPropertyCallam PickeringDespite the important role that residential property plays in modern economies -- often accounting for a majority of household wealth and in countries such as...
View ArticleMirvac to buy $224m industrial portfolio
Mirvac is set to acquire a portfolio of five industrial properties worth $224 million from an Altis Real Estate equity partnership fund.The purchase, consisting of one Adelaide and four Sydney...
View ArticleProperty price growth slows in Oct
Growth in Australian property prices is slowing, according to latest RP Data figures which show a 1 per cent rise over October.House prices grew a mere 0.1 per cent in September, calming concerns about...
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