Aust house prices rise in fourth quarter
Australian house prices rose solidly in the fourth quarter of last year, with all the major states reporting an acceleration supported by expectations interest rates would soon be cut. The weighted...
View ArticleAust housing bubble risk rising: HSBC
Australia's central bank risks fueling unsustainable house price growth by its last rate cut, according to the chief economist at HSBC, Australia. Paul Bloxham, who formerly headed up the Reserve Bank...
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Groundhog year ahead for property prices
IndustriesPropertyMiranda MaxwellThe latest official figures show the value of Australia’s 9.45 million capital city residential dwellings leapt by a hair-raising $407 billion last year – roughly...
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KGB Interview: Federation Centres' Steven Sewell
IndustriesPropertyAlan Kohler & Robert Gottliebsen & Stephen BartholomeuszFederation Centres chief executive Steven Sewell tells Business Spectator's Alan Kohler, Robert Gottliebsen and Stephen...
View ArticleStockland lifts interim profit
Stockland expects low interest rates and population growth will help support its residential business, as strong results in that arm lifted the property giant's first-half profit.Stockland posted an...
View ArticleHousing finance beats forecasts in Dec
More consumers are signing up to a mortgage, as demand for home loans beat expectations in December, official data showed.According to the Australian Bureau of Statistics, the number of home loans...
View ArticleLJ Hooker sale in doubt
LJ Hooker is known for the high-profile businessmen it counts as its investors, but one of the new names to emerge within the cluster is Wal King, the former chief executive of Leighton Holdings.The...
View ArticleInvesta stand-off enters end game
It's crunch time for Investa Property Group. The threat of a sale has hung, like a sword of Damocles, over the Morgan Stanley-backed $9bn real estate empire for years.By next Tuesday its fate may be...
View ArticleMillion-dollar suburbs are nothing to cheer
EconomyAustralian NewsVictoria ThiebergerBeneath the breathless commentary about the dozens of new million-dollar suburbs in Sydney and Melbourne lies one uncomfortable truth: these cities are becoming...
View ArticleGoodman Group triples H1 profit
Commercial and industrial property group Goodman has upgraded its full year earnings forecast after enjoying a strong first half.Goodman tripled its net profit to $512.7 million in the six months to...
View ArticleUpbeat Mirvac reaffirms guidance
Real estate group Mirvac says it is on track to deliver its full-year residential targets after posting a strong lift in first-half profit.Mirvac posted a profit of $279 million for the six months to...
View ArticleStrong demand for land in China's first-tier cities
Demand for plots of land in China’s capital has remained strong over the first few weeks of the year with the city leasing over 40 billion yuan worth of land over the first 7 weeks of the year,...
View ArticleChinese inflation data points to sluggish property market
The price of accommodation increased by 0.8 per cent over the year to January 2015, according to figures on accommodation costs included in the National Bureau of Statistics' (NBS) monthly inflation...
View ArticleMirvac set to tap defence adviser
Australia's listed real estate sector is rocketing back to the deal-soaked days of the pre-GFC era.Years of cheap credit, the falling Aussie dollar and the hunger for yield have unleashed a wave of...
View ArticleTriguboff’s $15bn Meriton sale stalls
Harry Triguboff may abandon plans to sell his Meriton apartment empire to a Chinese developer, saying talks on the potential $15 billion deal had “stalled”.Australia’s second-richest person revealed...
View ArticleAbacus, KKR grab Qld shopping centre
The listed Abacus Property Group has expanded its tie-up with US private equity giant KKR by winning its backing for the $103.5 million purchase of Oasis Shopping Centre at Broadbeach on Queensland’s...
View ArticleDubai World secures another extension
Dubai World, a Dubai government-owned conglomerate that was forced to delay debt repayments after the financial crisis, has received unanimous approval from creditors of its request for a further...
View ArticleInvesta suitors circling target
Singaporean real estate giants Mapletree and Ascendas are the latest names to emerge as contenders for Investa Property Group’s $9 billion commercial property empire.The Morgan Stanley-backed business...
View ArticleInvesta plans to become public
The backroom ructions about the future of the $9 billion Investa Property Group platform are set to finally see the light of day today.The group was putting the finishing touches on documents last...
View ArticleTrade Me lifts interim net profit
Auction website Trade Me Group's net profit rose slightly in the first half as revenue continued to improve. The company said in a statement that net profit for the six months to December 31 was up 1.1...
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