FIRB in dark on foreign home buyers
Fresh light has been shed on the failure of the Foreign Investment Review Board’s regulation of foreign property purchases, with immigration officials admitting they don’t tell FIRB when temporary...
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The great Australian land grab
IndustriesPropertyFlorence ChongFor Asian developers, Australia has become a proxy for growth to offset a downturn in their home markets -- and they are hugely inflating prices in Australia as they...
View ArticleFosun chasing Sydney property
Chinese conglomerate Fosun International is looking to expand its real estate holdings abroad, even as foreign competitors bridle at the high prices Chinese buyers have been paying for commercial...
View ArticleCharter Hall lifts FY EPS guidance
Charter Hall has upgraded its full-year earnings per share guidance on the back of strong business activity since the start of the financial year, and the absence of expected future events. The...
View ArticleForeign property buys face Treasury probe: report
The Australian Treasury is investigating cases of foreigners buying houses or apartments second-hand, in potential breach of foreign ownership laws, according to The Australian Financial Review.Those...
View ArticlePacker casino delayed in Sydney
A payment disagreement between James Packer’s Sydney casino partner Lend Lease and the New South Wales government has delayed the controversial Barangaroo development, The Australian Financial Review...
View ArticleREA eyes growth through US acquisition
Online real estate business REA Group's chairman Hamish McLennan says he sees terrific growth potential through the company's recent US investment.Last month REA, the operator of realestate.com.au,...
View ArticleWestfield's global bet pays off
Westfield Corporation's flagship stores have delivered a solid performance in the year to September, after the group's split from its Australian and New Zealand businesses earlier this year.In the year...
View ArticleLend Lease upbeat about growth
Lend Lease says it is on track to deliver growth for shareholders, as it stares down an extensive development pipeline and backlog of construction revenues.Chief executive Steve McCann told...
View ArticleBendigo backs property lending curbs
Mike Hirst, the head of Bendigo and Adelaide Bank, has backed possible targeted moves from the Australian Prudential Regulation Authority (APRA) to cool down the property market, The Australian...
View ArticleSimonds shares drop on ASX debut
Shares in Simonds Group fell more than 7 per cent on its ASX debut today, as investor appetite dampened amid weaker markets and a crowded calendar of listings this month.The stock opened lower at the...
View ArticleChina’s Greenland Group expects overseas revenue to double in 2015
SHANGHAI—Chinese state-owned conglomerate Greenland Holding Group said Monday it expects to reach its targeted 20 billion yuan (US$3.27 billion) in overseas revenue this year, and that its overseas...
View ArticleRising house prices boost economy: RBA
Property investors are dominating the housing market, but at least rising house prices are encouraging people to spend more money, the Reserve Bank of Australia says.The central bank appears less...
View ArticleChina's new home prices fall in Oct
The average price of new homes in 70 Chinese cities continued to fall for the sixth straight month in October, but at a slower pace as some home buyers returned to the market following Beijing's move...
View ArticleRBA's Stevens warns on house prices
Reserve Bank governor Glenn Stevens says he wants to make sure a housing price boom doesn't turn to a bust and stifle economic growth.It should be possible to extend the current period of above average...
View ArticleStevens tips low rates to linger
Reserve Bank of Australia governor Glenn Stevens has indicated interest rates are likely to stay low for years or until non-mining businesses have the courage to invest again.Australian companies were...
View ArticleREST in $350m Greystar deal
The $33 billion REST Industry Super fund will invest about $350 million in a joint venture with a major US developer, Greystar Real Estate Partners.REST’s partnership with South Carolina-based Greystar...
View ArticleEureka set for $1bn deal
Eureka Funds Management is in on course to win a mandate of up to $1 billion from Union Investment Real Estate, a subsidiary of Germany’s DZ Bank, as a steady influx of offshore buyers continues to...
View ArticleMacquarie-backed Logos secures $300m
Abu Dhabi’s sovereign wealth fund, ADIA, has funnelled $300 million into Logos Property, the fund manager and developer now partially owned by Macquarie Capital.The arrival of this latest deep-pocketed...
View ArticleAust not in housing bubble: Mirvac
Mirvac Property Group has reaffirmed its operating earnings and distributions forecasts for fiscal 2015, while warning Australia's home price boom is being driven by a lack of properties rather than...
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