FKP still mulling demerger: report
FKP Property Group Ltd says it will keep exploring options for a demerger of its retirement business and consider changing its name, The Australian reports.According to the newspaper, chief executive...
View ArticleCFS Retail to sell four centres
By a staff reporterCFS Retail Property Trust Group Ltd will sell four sub-regional shopping centres to newly formed fund Pacific Retail REIT ahead of a planned listing on the Australian Stock...
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Breakfast Deals: Australand stock-up?
IndustriesPropertyAlexander Liddington-CoxThere’s no hold-up on property market speculation (is there ever in Australia?). Now Stockland is apparently sizing up Australand Property Group. Just where...
View ArticleSpeculation on Australand takeover rises
Speculation that Stockland is mulling a takeover of up to $4 billion for rival Australand has been been heightened by a recent rally in the target's price, according to The Australian. On Friday,...
View ArticleUBS settles US mortgage lawsuit
AAPSwiss banking giant UBS says it has settled a lawsuit linked to US subprime housing mortgages which sparked the 2008 global financial crisis.The bank did not specify how much the settlement amounted...
View ArticleHousing mortgage demand jumps
AAPThe housing market has seen its biggest jump in mortgage demand in three years, outpacing other forms of consumer credit.Credit data provider Veda says mortgage applications surged by an annual rate...
View ArticleUS existing home sales slip in June
AAPSales of previously owned United States homes unexpectedly slipped in June but prices continue to rocket higher, a real-estate report shows.The National Association of Realtors (NAR) says home sales...
View ArticleChina bans new govt buildings
AAPChina has introduced a five-year ban on the construction of new government offices, state media reports, following public anger at reports of extravagant official buildings.The move came as part of...
View ArticleAustraland H1 net profit slips
By a staff reporter, with AAPAustraland Property Group Ltd expects an uptick in leasing activity to boost its full-year earnings despite posting minor declines in both first-half net profit and...
View ArticleThree reasons why CBA is exiting property
IBM Knowledge HubFinancial ServicesStephen BartholomeuszCommonwealth Bank’s desire to exit the management of three property trusts was confirmed today. What wasn’t explained was why it wants to sell...
View ArticleAust house prices hit 3-year high
AAPAustralian house prices reached three year highs in the June quarter and look set to keep climbing - and that's without the help of a massive government stimulus package.National median house prices...
View ArticleDexus acquires CPA stake
By a staff reporterDexus Property Group Ltd has acquired a stake in Commonwealth Property Office Fund (CPA), by way of forward contract.In a statement to the Australian Securities Exchange, Dexus said...
View ArticleStockland nabs Transfield CFO
By a staff reporterStockland Ltd has poached Transfield Services Ltd chief financial officer Tiernan O’Rourke, as new chief executive Mark Steinert continues to push a company restructure and...
View ArticleUS new home sales hit 5-year high
AAPAmericans have snapped up new homes in June at the fastest pace in five years, a sign the housing recovery is strengthening.The Commerce Department says sales rose 8.3 per cent last month to a...
View ArticleForrest hurts Wheatstone: Onslow
Chevron's $29 billion Wheatstone LNG project faces the threat of being delayed by Fortescue Metals Group (FMG) chairman Andrew Forrest's fight against miners accessing his ancestral land in the...
View ArticleUS June pending home sales drop
AAPUnited States pending home sales have edged lower in June after hitting a six-year high in May, under pressure from rising mortgage rates.The National Association of Realtors (NAR) said its index...
View ArticleJune building approvals tumble almost 7%
By a staff reporter, with AAPBuilding approvals tumbled by almost 7 per cent in June, against analyst expectations of a rise, according to the Australian Bureau of Statistics.ABS data showed the number...
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Markets: Get Real
Business SpectatorMarketsBrett ColeMorgan Stanley is bullish on Australian property stocks.“Despite our cautious view on underlying property fundamentals, especially in discretionary retail malls and...
View ArticleUS home prices jumped in May
AAPUnited States home prices jumped 12.2 per cent in May compared with a year ago, the biggest annual gain since March 2006.The Standard & Poor's/Case-Shiller 20-city home price index released on...
View ArticleAust CBD office vacancies rise
AAPThe number of empty offices in Australia is rising as the white collar sector fails to fill them.Vacancies rose from 8.4 per cent in January to 10.1 per cent in July, according to a Property Council...
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