Woolworths mulls ACCC appeal
The Australian Competition and Consumer Commission (ACCC) has quashed Woolworths Ltd's plans for a new supermarket, which the chain fears could set a precedent that would block its hopes of building up...
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A sore lesson from housing history
IndustriesPropertyPhilip SoosIt is often said those who fail to understand the mistakes of the past are bound to repeat it. In one area, this holds spectacularly true: the residential real estate...
View ArticleHousing finance misses expectations in April
By a staff reporter, with AAPThe demand for home loans missed expectations in April, according to the Australian Bureau of Statistics.The data showed the number of home loans granted in April lifted a...
View ArticleCharter Hall Retail declares half-year distribution
By a staff reporterCharter Hall Retail Management, an entity of Charter Hall Retial REIT Ltd, has declared a distribution of 13.5 cents for the first half, ended June 30.In a statement to the...
View ArticleDexus lifts FY 2014 guidance
By a staff reporterDexus Property Group Ltd has announced it expects a lift in earnings for the 2014 financial year following strong independent valuations.In a statement to the Australian Securities...
View ArticleA built-in bonanza for house prices
Business SpectatorEconomyRobert GottliebsenThe current stock market turmoil gains the headlines but our sleeper is the Australian housing market, which on a global basis has suffered a considerable...
View ArticleNew home sales hit 18-month high
By a staff reporterNew home sales hit an 18-month peak in May, raising hopes a recovery in the building sector may assist a wider rebalncing of the economy, according to the Housing Industry...
View ArticleUS home prices jump in May
AAPUnited States home prices jumped 12.2 per cent in May from a year ago, the most in seven years. The increase suggests the housing recovery is strengthening.Real estate data provider CoreLogic said...
View ArticleSydney casino decision imminent
The New South Wales (NSW) government is preparing to announce which of two rival casino proposals will be allowed to proceed, The Australian Financial Review reports.NSW Premier Barry O'Farrell is...
View ArticleFuture Fund's Perth airport stake facing revaluation: report
Only five months after facing accusations of buying it an inflated price, the Future Fund may be forced to write down the value of its stake in Perth Airport by $150 million, The Australian Financial...
View ArticleBuilding approvals fall in May
By a staff reporter, with AAPBuilding approvals fell more than expected in May, according to the Australian Bureau of Statistics.ABS data showed the number of buildings approved decreased a seasonally...
View ArticleGoodman raises $775m for Europe fund
By a staff reporterLogistics property giant Goodman Group has raised $775 million in equity through its European logistics fund.Goodman raised the cash in a rights issue to shareholders, with total...
View ArticlePerth office vacancy rate rises
AAPPerth's office vacancy rate is expected to double over the next few years as the resources slowdown leaves companies requiring less space.The weaker outlook for commercial leasing comes as companies...
View ArticleGoodman expands China deal
The Goodman Group and the Canadian Pension Plan Investment Board (CPPIB) have agreed to expand their China Partnership by a further $US500 million ($A545 million), according to The Australian.CPPIB...
View ArticleHousing finance misses expectations
By a staff reporterThe demand for home loans rose less than expected in May, according to the Australian Bureau of Statistics.The data showed the number of home loans granted in May lifted a seasonally...
View ArticleAust banks at risk from house price correction: report
Australian banks are vulnerable to a "looming" house price correction and have the highest exposure to residential mortgages of any financial institutions in the world, The Australian Financial Review...
View ArticleRHG accepts sweetened Resimac takeover bid
By a staff reporterThe RHG Ltd board has accepted a sweetened takeover bid from a syndicate led by Resimac Ltd, put by the group to counter a rival offer from mortgage lender Pepper Australia Pty Ltd....
View ArticleCharter Hall reaps $48m on Melbourne office
By a staff reporterCharter Hall Group Ltd has sold the Home head office in Nunawading, Melbourne for $48 million to a private investor.It's managed fund, Charter Hall Retail (REIT), had a half stake in...
View ArticleHouse prices lift in Chinese cities in June
By a staff reporterHouse prices in almost all Chinese cities rose in June, according to data out of the National Bureau of Statistics.Statistics showed 63 out of 70 cities surveyed recorded an increase...
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Breakfast Deals: FKP's candid confession
IndustriesPropertyAlexander Liddington-CoxFKP Property boss Geoff Grady is cleaning up the mess by a YouTube video apparently revealing the end of the company’s demerger plans. "No, no, no – we’re not...
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