Building approvals dip in Feb
Building approvals dipped in February, pulling back from record high figures in the previous month, official data shows.The Australian Bureau of Statistics data showed the number of buildings approved...
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An ageing population calls for more reverse mortgages
EconomyAustralian NewsHarry ScheuleReverse mortgages are a way to release the equity in a home, which is an important component of wealth for many Australians.Such mortgages have been proposed by the...
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Value Investor: Two stocks taking advantage of their heft
IndustriesMedia and DigitalJonathan WilsonREA Group and Carsales.com are two of the most profitable companies on the ASX due to network effects and their pricing power as the leading online property...
View ArticleChinese official calls for national housing bank
China should establish a national housing bank to optimise use of the country's housing provident funds, according to an article written by an official at the fund and published in the Economic...
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Australia's $25m penthouse
Business SpectatorMarketsKylar Loussikian & Chris KohlerA mystery buyer has paid a record $25m for a skyscraper apartment in Melbourne, but this high water mark may not last for long in Australia's...
View ArticleNo housing bubble in Aust: Mirvac
Australia has not seen a housing bubble, nor is it likely to, says John Mulcahy, chairman of Mirvac Group, one of the country’s largest developers.While he acknowledged Australia’s lofty house prices,...
View ArticleRBA cut boosts home loan demand
Demand for new home loans increased but well below expectations in February, the same month the Reserve Bank of Australia cut the official cash rate for the first time in 18 months, data from the...
View ArticleWestfield offloads UK office tower
Westfield Corporation has offloaded an office tower that sits above its Stratford City mall in London for £70 million ($135m).British property investment managers Tristan Capital Partners purchased the...
View ArticleMarket grows for offshore buyers
The federal government is confident the nation’s foreign investment rules will prevent illegal buying of local real estate despite reports of new schemes to dodge Australian legislation.According to...
View ArticlePersonal, business finance dip
Record low interest rates do not appear to be stoking interest in cheap credit, with personal and commercial finance both falling in February, according to official data from the Australian Bureau of...
View ArticleInsider trio in market for GPT job
Three internal candidates — Carmel Hourigan, Mark Fookes and Matthew Faddy — are likely to compete for the top job at listed property landlord GPT Group after chief executive Michael Cameron’s...
View ArticleFederation Centres moves closer to Novion buy
Federation Centres has moved closer to its all-scrip purchase of listed property group Novion, after gaining court approval and an independent expert’s tick for the deal.In an update to the market,...
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The property players cashing in on Sydney's rezoned land
IndustriesPropertyFlorence ChongRezoning for high-density residential development has become the magic pudding in Sydney for listed Australian property trusts and private individuals.Three large city...
View ArticleGovt to call off Defence Housing's $10bn sale
The proposed sale of Defence Housing Australia’s $10 billion real estate portfolio is likely to be canned in next month’s budget, with federal cabinet deeming any sell-off too difficult because of the...
View ArticleGovt urged to restrict negative gearing
The federal government is being urged to restrict tax deductions for negatively geared property investments, saving more than $1 billion a year.Peak welfare body ACOSS has released a report calling for...
View ArticleSydney home prices to plateau: HSBC
Sydney's stellar run of double-digit home price growth looks set to run out of steam next year.HSBC Australia chief economist Paul Bloxham says he expects the Reserve Bank to hike interest rates in...
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Negative gearing is in Abbott's too-hard basket
IndustriesPropertyVictoria ThiebergerFresh from its success in proposing changes to the part pension for wealthy retirees, the Australian Council of Social Service has put forward another policy...
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It's time to scrap negative gearing
PoliticsNational AffairsCallam PickeringBy any metric, negative gearing on Australian residential property is one of the least successful economic policies in our country’s history. It was designed...
View ArticleForeign money drives home building: ANZ
Foreign investors, not low interest rates, are the main reason for a rise in housing construction, according to ANZ.Record low interest rates have made buying a home more affordable and given the...
View ArticleChinese money may save Victoria but sink Abbott
PoliticsNational AffairsRobert GottliebsenIn the wake of the collapse of the mining boom, Chinese capital is set to play a remarkable role in who wins the next federal election and the overall state of...
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