AustralianSuper in $1.1bn Hawaii buy
Industry fund AustralianSuper has snapped up a $1.1 billion stake in a mall in Hawaii in the biggest direct property investment by the $80bn fund to date.AustralianSuper acquired the 25 per cent stake...
View ArticleGovt orders sale of $39m mansion
The Australian government ordered the sale of a Sydney waterfront mansion it alleges was illegally bought by Chinese investors last year, opening a new frontline in its battle to curb the flow of...
View ArticleChina’s Bright Ruby targets Sydney Hilton
Chinese investment house Bright Ruby is set to make its largest Australian property acquisition with the purchase of the opulent Hilton Hotel Sydney for more than $450 million.The investment house has...
View ArticleThe great Chinese investment conundrum
EconomyChinaMark BeesonThe ConversationThere can’t be too many people in Australia who don’t recognise that the health of the Australian economy is increasingly determined in China. The boom and...
View ArticleUK property 'safe haven' for corrupt cash
British property is a safe haven for money stolen from around the world, with tens of thousands of London properties owned by secretive companies, according to a corruption report.Campaign group...
View ArticleFund managers brace for IPO wave
Fund managers are bracing for a wave of property groups to tap the Australian Securities Exchange after a buoyant reporting season confirmed the demand for high-yielding stocks and new asset...
View ArticleTriguboff on Meriton expansion trail
Billionaire Harry Triguboff is restructuring and expanding his executive team, saying he is planning a new round of growth for his Meriton apartment empire that includes likely site purchases worth...
View ArticleHousing surge risks AAA rating: Murray
The financial system faces a potential systemic threat if the unemployment rate starts to accelerate as housing prices surge, fuelled by falling interest rates, according to David Murray.Mr Murray,...
View ArticlePacker's Sydney casino gets green light
James Packer’s Crown Resorts will today begin the formal planning process to build a $2 billion casino and resort in Sydney’s Barangaroo, after the NSW government and developer Lend Lease finally...
View ArticleThe housing sector is under attack
EconomyAustralian NewsRobert GottliebsenThe sector that is driving the economy, housing, is coming under unprecedented attack.Those bidding up prices in Sydney, Melbourne and Brisbane auctions this...
View ArticleClik here to view.
Agri-REIT raising $15m through placement, rights offer
Listed agricultural property trust Rural Funds Group is raising up to $15 million through a share placement and rights share offering to cut its debt and partly fund the development of an almond...
View ArticleDrake enters realm of Bond bankruptcy
Peter Drake, the flashy founder of collapsed Queensland property investment house LM Investment Management, owes creditors a whopping $337 million — one of Australia’s largest personal bankruptcies...
View ArticleSuper not for first home buyers: ALP
Allowing young people to dip into their superannuation to buy their first home would only push up house prices and undermine retirement savings, Labor says.Over the weekend Treasurer Joe Hockey said...
View ArticleUsing super for first home 'good' idea: PM
Prime Minister Tony Abbott says his government has no plans to allow young people to use superannuation to buy their first home - but is happy for the idea to be debated.Over the weekend Treasurer Joe...
View ArticleHome owners trimming mortgage debt
Home owners are racing ahead on their mortgage repayments thanks to lower interest rates, a survey shows.Research by the Commonwealth Bank shows half of the lender's home loan customers plan to get...
View ArticleFife fund's tit for tat
The smaller end of the takeover market is often the hardest fought.The battle between Allan Fife’s Fife Funds, which has taken on Evans & Partners as a capital markets adviser, and its independent...
View ArticleBig names circle Investa
Morgan Stanley’s Investa Property Group has been swamped by prospective bidders for its $8.9 billion commercial real estate empire with close to 40 separate parties circling the business in what will...
View ArticleKeating slams Hockey on super
Treasurer Joe Hockey has come under fire from former Prime Minister Paul Keating for flagging an idea to allow superannuation funds to be accessed early by those seeking to buy their first home.Mr...
View ArticleForeign buyers still dodging FIRB: report
Offshore buyers of Australian property are dodging local real estate investment laws by using trust structures to their advantage, The Australian Financial Review reports."The much-preferred method...
View ArticleHockey's housing quick fix is another dumb idea
IndustriesPropertyCallam PickeringShould the federal government allow first-home buyers to access their superannuation to pay for a housing deposit? Only if they want to enrich themselves and see...
View Article