Singapore firm eyes Devine
Singapore-based City Developments is believed to be closing in on the Leighton Holdings-backed residential developer Devine.The Brisbane-based company is almost half-owned by construction giant...
View ArticleUS home sales jump in October
Americans bought homes in October at the briskest pace this year, a sign that the sluggish housing market is turning around.The National Association of Realtors says sales of existing homes rose 1.5...
View ArticleAVJennings warns of market challenges
Land and property developer AVJennings says challenges remain in some regional centres and in Adelaide.Chief executive Peter Summers, however, was confident about short- and long-term residential...
View ArticleEstia locks in $625m ahead of IPO
The $1 billion Estia Health has locked in $625 million from cornerstone investors for the aged care provider’s planned IPO, ahead of next week’s official opening of the offer.Shares were offered at...
View ArticleAMP Capital warns on bank stress: report
Australia’s leading banks are ill-equipped to deal with a property market crisis, a leading institutional investor has warned, according to The Australian Financial Review.The head of credit markets at...
View ArticleCharter Hall Group buys $171m portfolio
Charter Hall Group, through three of its managed partnership funds, has acquired an industrial portfolio comprising of six assets, valued at a $171.4 million.The industrial portfolio is currently...
View ArticleFolkestone targets $42m raising
Real estate investment manager Folkestone is raising $42 million through an institutional placement of shares and a non-renounceable rights issue.The proceeds will be used to increase its stake in...
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How Sydney determines our national housing policy
EconomyAustralian NewsCallam PickeringAs the latest housing boom has developed, it’s become increasing obvious that it’s concentrated purely in Sydney and Melbourne. At times, even including Melbourne...
View ArticleBlackstone weighs mall exit
Blackstone is poised to recover its investment in Top Ryde City as it launches a $340 million refinancing deal on the sprawling Sydney shopping centre that became emblematic of the excesses of the...
View ArticleFIRB 'failing' on house buying rules
New details have emerged of the near-total inaction of the Foreign Investment Review Board in penalising foreign investors who illegally buy established homes in Australia.The FIRB has told the chair...
View ArticleChina Vanke sees modest gains in key Beijing market
BEIJING—Beijing’s housing market is showing signs of improvement from the first half of the year, but sharp gains aren’t likely even with last week’s interest-rate cut, said a senior executive at the...
View ArticleVerizon to protect national electronic conveyancing platform
The $70 million national electronic conveyancing platform will rely on identity-authentication solutions from Verizon for security.The system brings property conveyancing into the 21st century where...
View ArticleDexus, Brookfield chase historic sandstone
Real estate heavyweights Dexus Property Group and global asset manager Brookfield are among the suitors bidding for the two historic sandstone buildings being offered by the NSW government in the...
View ArticleStockland in race for Leighton Properties
Stockland is in due diligence to buy Leighton’s property business, in a deal that could be finalised by Christmas.The decision by the country’s largest residential developer to enter the data room...
View ArticleThere is no housing bubble: BoQ
Bank of Queensland chairman Roger Davis says that on balance there is no housing bubble in the national housing market, with the boom confined to parts of Sydney and Melbourne.Addressing shareholders...
View ArticleForeign investment brokers in firing line
Property brokers who help overseas investors skirt foreign investment rules could soon face tough penalties.A crackdown is one of the four key recommendations from a coalition-led parliamentary inquiry...
View ArticleAPRA faces home lending grilling
Housing investors be warned.There is a growing expectation that Australian regulators will be tightening the rules surrounding mortgage lending.Federal politicians will try and glean how soon so-called...
View ArticleMelbourne leads house prices lower
Housing prices have fallen, thanks largely to a softening Melbourne market, new data shows.Preliminary results from CoreLogic RP Data show average prices in the mainland state capitals were down by 0.4...
View ArticleAPRA in no rush to curb home lending
The banking regulator has downplayed the use of so-called macro-prudential tools to cool the housing market, signalling a potential reprieve for the banks as regulators prefer to try to talk down price...
View ArticleChina home prices fall in November
China's housing prices fell on a monthly basis for the seventh straight month in November, a survey showed.The average price of a new home in China's 100 major cities was 10,589 yuan ($1,736) per...
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