Building approvals tumble 11%
Building approvals plunged in September, falling well short of expectations, official data shows.The Australian Bureau of Statistics data showed the number of buildings approved fell a seasonally...
View ArticleUS World Trade Centre reopens for business
Thirteen years after the 9/11 attacks, the resurrected World Trade Center is opening for business in an emotional milestone for New Yorkers and the United States.Publishing giant Conde Nast will start...
View ArticleMystery Meriton suitor revealed
Chinese-based property developer Country Garden has confirmed discussions with rich lister Harry Triguboff over the potential sale of his Meriton property empire, according to The Australian Financial...
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Why house prices will keep surging
IndustriesPropertyAdam CarrIt’s been confirmed! Far from slowing, the property market is accelerating, and that’s despite the considerable jawboning efforts of the Reserve Bank of Australia.The actual...
View ArticleScentre Group Q3 sales lift 4.2%
Sales at Westfield shopping centres in Australia and New Zealand have increased.Scentre Group, which operates the centres, said comparable specialty store sales in Australia rose 4.2 per cent in the...
View ArticleAust economy ‘fragile’: IG Markets
IG Markets global boss Tim Howkins has warned on the risk of housing market pain amid a ‘fragile’ local economy, The Australian Business Review reports.“It feels as if the economy here is quite...
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Smooth sailing for a true family partnership
IndustriesFamily BusinessAlan KohlerAs another Boxing Day approaches, the Oatleys, Bob and Sandy, and their team, are preparing for a tenth Sydney to Hobart yacht race in their legendary 100-foot boat...
View ArticleQ1 revenue rise vindicates REA strategy
REA Group has posted a 22 per cent rise in first quarter revenues as premium advertising products continue to be popular with real estate agents and vendors.Revenues amounted to $US121m ($A141m) for...
View ArticleUGL shares hit on LNG provision
UGL has taken an $US85 million provision for a stalled LNG project, sending its shares sliding almost 10 per cent, as the company confirmed it has sold its global property services business DTZ for...
View ArticleScentre Group sells $940m NZ mall stake
Scentre Group has agreed to sell a minority stake in five shopping malls in New Zealand to Singapore state investment firms GIC, for $NZ1.04 billion ($A940 million). Scentre -- the company created from...
View ArticleUK house price growth slips to two-year low
British house price growth fell back in October to its weakest levels in almost two years in further signs that the market is cooling.Property values in the three months to October were 0.8 per cent...
View ArticleProperty firm to raise up to $52m after acquisitions
Property developer Peet Ltd plans to raise up to $52 million in an equity raising after agreeing to acquire stakes in six residential projects.Peet will raise $40m through a share placement to...
View ArticleQatari bid for London skyline rejected
An attempt by Qatari investors to own more of London's skyline has been rejected by the company behind the Canary Wharf development.Qatar Investment Authority, which recently bought HSBC's HQ in the...
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DataRoom AM: Tempting Ten
DataRoomBreakfast DealsDaniel PalmerThis column warned you that rumours about the future of Ten Network were going to come thick and fast in the lead up to a reported bid deadline of late November and...
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Property investors steam ahead on a second wind
EconomyAustralian NewsCallam PickeringSeptember marked a new milestone in Australia’s most recent property boom: investors now account for one of every two new mortgages. Speculative activity is now at...
View ArticleInghams abandon modular housing park IPO
The Inghams family has shelved plans for the initial public offering of its modular housing park company Tasman Lifestyle Continuum after it failed to secure sufficient support from investors, sources...
View ArticleFIRB has little impact on offshore buying
The Foreign Investment Review Board has forced just 17 overseas investors to sell illegally acquired property since 2003 amid a broader boom that many contend has artificially inflated local house...
View ArticleAust capital city house prices lift 1.5% in September quarter
Australian residential property prices lifted 1.5 per cent across eight capital cities in the quarter, but growth varied greatly.The Australian Bureau of Statistics (ABS) Residential Property Price...
View ArticleRBA ups mortgage-backed securities to $25bn
The amount of home loan-backed securities held by the Reserve Bank has increased 25 fold to help banks settle day-to-day transactions.The central bank now holds $25 billion worth of the securities,...
View ArticleGoodman on block trade watchlist
Speculation on the timing of block trades has always been a favoured sport in financial circles. A steady share price increase often signals an imminent move and so it’s no surprise listed warehouser...
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