House prices ease as demand cools
Home prices have recorded their first slowdown in six months, with Melbourne leading a fall that could ease pressure on calls to introduce measures to cool the housing market.Home values fell 0.3 per...
View ArticleEstate agents to form NSW party
The property industry has vowed to establish a political party in NSW and could soon run candidates in elections.Malcolm Gunning, from the Real Estate Institute of NSW (REINSW), says work is already...
View ArticleAustralianSuper secures US partner
Local superannuation heavyweight AustralianSuper has tapped US-based property manager Principal Real Estate Investors as its investment advisor as it seeks to expand its global property portfolio.The...
View ArticleBuilding approvals beat expectations in Oct
Building approvals in October reversed a sharp slide in the previous month, to rise by more than double analysts' expectations, official data shows.The Australian Bureau of Statistics data showed the...
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A reality check for the current construction 'boom'
EconomyAustralian NewsCallam PickeringBuilding approvals rebounded in October but the indicator is likely to moderate further in the coming months. Nevertheless, residential construction should head...
View ArticleChina gears up for national property registry
China has issued draft rules that would regulate the establishment of a nationwide property-registration system in August this year.According to news website The Paper, the draft rules have been...
View ArticleAussieSuper aims at US cities
The nation’s largest superannuation fund, AustralianSuper, has appointed US giant Principal Real Estate Investors to hunt for office towers in five east and west coast cities as it moves aggressively...
View ArticleTempting China’s real estate entrepreneurs
Billions of dollars worth of Australian real estate is being eyed by some of China’s wealthiest entrepreneurs as the federal government attempts to meet self-imposed infrastructure investment...
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Three forces that could trigger Australia's next recession
EconomyAustralian NewsCallam PickeringCould Australia experience a recession in the next few years? Absolutely.Is it probable? Not yet, but let’s explore how it might unfold.Speculating about a...
View ArticleInvesta sale speculation returns
Death and taxes are two of life’s certainties.In Australia’s real estate circles you can add a third: the sale of Investa Property Group.The fate of the Morgan Stanley-backed commercial property...
View ArticleWhy Sydney won't mirror Melbourne's apartment glut
EconomyAustralian NewsRobert GottliebsenAustralia’s two largest inner city apartment markets are developing in vastly different directions. Melbourne has achieved what Sydney has always wanted to...
View ArticleTony Pitt's 360 Capital grabs 7.7% stake in rival REIT
Tony Pitt’s boutique funds manager 360 Capital Group has taken a stake in a rival industrial property fund in a move that could signal the start of a new bout of consolidation in the Australian real...
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Murray’s glaring omission
IndustriesFinancial ServicesCallam PickeringThe Financial System Inquiry report proposes a range of measured but sensible reforms to the Australian financial system. It covers most of the important...
View ArticleIn China, developer has new theme: parks
WUHAN, China—A Chinese property giant believes it can offer China a better time than Disney and Six Flags, and that this city of 10 million is ready for a water-acrobat show and a theme park.Across...
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Foreign investment in real estate inquiry: a lost opportunity
EconomyChinaDallas RogersThe ConversationThe federal government has missed an opportunity to give serious thought to housing affordability in Australia. The House Standing Committee on Economics...
View ArticleBank of China to buy Manhattan office tower for nearly US$600 million
Bank of China Ltd. has reached a deal to buy a Manhattan office tower for nearly US$600 million, according to people familiar with the agreement, marking the latest display of Chinese investment in...
View ArticleDalian Wanda Commercial to raise up to US$3.8 billion in HK IPO
HONG KONG—Dalian Wanda Commercial Properties Co., the real-estate arm of Wanda Group, and BAIC Motor Corp., a Chinese car maker partly owned by Daimler AG , are seeking to raise a combined US$5.4...
View ArticleRegulators crack down on risky loans
Australian regulators are cracking down on risky mortgage lending as the property market heats up.All banks and lenders will be visited by the Australian Prudential Regulation Authority (APRA) in the...
View ArticleHousing finance beats forecasts
Demand for home loans rose more than expected in October, official data showed.According to the Australian Bureau of Statistics, the number of home loans granted in October rose 0.3 per cent in...
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Property investors should heed APRA's warning
Business SpectatorEconomyCallam PickeringInvestor activity has surged to new heights and the Australian Prudential Regulation Authority is watching closely. Its version of macroprudential policies...
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