Dexus upgrades distribution guidance
Lower debt costs and recent acquisitions have led property giant Dexus to upgrade its full-year distribution guidance, despite posting a fall in half-yearly profit. The group's net profit after tax...
View ArticleNovion-Federation merger expected by June
Property giant Novion says its expects its $22 billion merger with Federation Centres will be implemented in June, as it reaffirms its full-year targets after posting a strong half-year profit...
View ArticleAveo upgrades guidance on strong H1 profit
Retirement village provider Aveo has lifted its full-year guidance after posting a strong profit increase for the first half of the financial year.Aveo profit after tax rose to $30.1 million for the...
View ArticleFederation Centres H1 profit slips
Federation Centres says its proposed merger with Novion won't reduce the shareholder dividend, as the property group posts a slight dip in half-yearly net profit.The company said net profit for the six...
View ArticleInvesta upgrades FY guidance
Investa Office Fund has lifted its full year guidance after lifting its half-yearly profit by nearly 80 per cent.Profit for the six months to December 31 lifted to $99.5 million, an increase of 77.7...
View ArticleChinese property buyers attracted to Melbourne's eastern suburbs
Suburbs in Melbourne's east are among the most sought after postcodes for Chinese property buyers, according to Chinese-language property portal Myfun.com. The suburbs of Glen Waverley, Mount Waverley,...
View ArticleAuction clearance rate spikes: RP
February's rate cut appears to be fanning flames in the already overheated property markets of Sydney and Melbourne.Figures from CoreLogic RP Data on Thursday show Sydney's auction clearance rate...
View ArticleJames Hardie Q3 profit jumps 11%
James Hardie has recorded a strong lift in adjusted third quarter profit as sales rose sharply over the previous year.The building products supplier's adjusted net operating profit of $US48.6m for the...
View ArticleLeighton unit carve-up on cards
The $500 million Leighton Properties business is likely to be carved up by separate buyers as the Spanish conglomerate that controls Leighton Holdings launched a fresh sales process this week allowing...
View ArticleHIA urges housing market reforms
The release of Treasurer Joe Hockey's intergenerational report will provide the golden opportunity to put housing supply reforms on the agenda.In its latest national outlook, the Housing Industry...
View ArticleCBRE latest to weigh Investa play
CBRE Global Investors is the latest suitor to emerge for the $8.9bn Investa office property platform, with information memorandums due to be sent out for a sale within weeks.It is understood the US...
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Australia’s train to nowhere
IndustriesInfrastructureAlan KohlerCheck out this stunning set of charts from researchers at the Reserve Bank:The data is now five years old and anecdotally has obviously worsened since then -- house...
View ArticleLend Lease lifts H1 profit
Global construction group Lend Lease has lifted its first half profit by 25 per cent, buoyed by a positive residential housing market, but still expects a dip in full year earnings.In the six months to...
View ArticleGPT lifts FY14 profit 13%
Real estate investment trust GPT Group is expecting earnings per share growth of 5 per cent over 2015, after lifting its 2014 profit more than 10 per cent.GPT increased its profit for the twelve months...
View ArticleAPN Property doubles H1 profit
APN Property Group has lifted full-year earnings guidance and flagged continued strength in the commercial property sales market, as it more than doubled net profit for the first half.Despite seeing...
View ArticleScentre full-year sales lift 3.6%
Scentre Group has met internal forecasts for the full-year in announcing a steady lift in same-store sales.The group said comparable specialty store sales had risen 3.6 per cent, both for the fourth...
View ArticleWestfield lifts half-year profit
Wesfield Corporation is confident of achieving growth in its funds from operations in 2015, after posting a rise lift in profit for the past six months following the high-profile demerger of its...
View ArticleCharter Hall first-half profit rises
Charter Hall Group is confident of delivering a lift in full-year earnings after posting a strong increase in first-half profit.In the six months to December 31, Charter Hall posted a net profit of...
View ArticleMortgage Choice positive on loans outlook
Mortgage Choice says the outlook for home loan approvals into 2016 looks positive amid the booming property market.The group recorded $6.9 billion worth of housing loan approvals in the six months to...
View ArticleGovt unveils new foreign investment framework
Foreigners seeking to invest in real estate will face fees and tough penalties for rule breaches under a plan to ease upward pressure on house prices for domestic buyers.Prime Minister Tony Abbott said...
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