Freeze on SIVs sparks concerns
The federal government has quietly suspended applications for the Significant Investor Visa more than two months ahead of a planned shake-up, sparking concerns some wealthy offshore investors will...
View ArticlePredicting house prices is a mug's game
IndustriesPropertyMiranda Maxwell“Double, double toil and trouble. Fire burn, and cauldron bubble.”Shakespeare’s three Scottish witches managed to not only speak in firm unison, but also to correctly...
View ArticleKaisa defaults on interest payments on its offshore debt
SHANGHAI—The Chinese property developer Kaisa Group Holdings Ltd said it has defaulted on interest payments on its offshore bonds as it negotiates with its creditors to restructure its debts.The...
View ArticleHouse price growth to slow in 2016
The national growth in house prices is tipped to hit 4.4 per cent by the end of 2015, before slowing next year.The National Australia Bank’s quarterly residential property survey predicts Sydney will...
View ArticleDexus launches $450m equity raising to fund investments
Dexus Property Group is seeking to raise $450 million in equity through an institutional placement and security purchase plan, to fund investment in new properties.The group will launch a...
View ArticleLJHooker auction nearing an end
Real estate chain LJHooker is believed to be in talks with two Australian suitors in a Lazard-advised sales process that could be finally nearing conclusion.One wonders whether McGrath Estate Agents...
View ArticleMirvac woos Asian investors
Mirvac Group’s plans to hold its next board meeting in one of Asia’s major cities had left some curious about whether moves were afoot by the well-regarded property developer to spin off its lucrative...
View ArticleScentre taps US investors for $1.3bn
Scentre Group is seeking to refinance its debts with a $1.3 billion notes issue in the US debt markets, after having issued notes worth $778 million in the European debt market earlier this month.The...
View ArticleHeavyweights in race for Investa
Private equity giant Blackstone, US-based property group CBRE and China’s Fosun are expected to be among the final bidders for Morgan Stanley’s $8.9 billion real estate empire, Investa Property Group,...
View ArticleBanks dodging APRA restrictions: report
The Australian Prudential Regulatory Authority’s lending restrictions are being circumvented by some of the major banks amid a race for market share, The Australian Financial Review reports.The report...
View ArticleAustralia needs to embrace the Asian property boom
EconomyAustralian NewsRobert GottliebsenAs BHP defers iron ore expansion, it is clear that Australia will not see another mining boom for a very long time. But under our noses is a boom we do not want...
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Is China going from property bubble to equity bubble?
EconomyChinaAngus NicholsonClick here to subscribe to the China Spectator daily newsletter.In 1987, a young man quit his job at the Hebei Oil Pipeline Bureau and went to seek his fortune in the nascent...
View ArticleForeign property investors boost economy
Strong foreign investor activity in the property market is propping up the economy, and home prices would be a lot higher without it, ANZ economists say.More than one in four homes sold in NSW and...
View ArticleTarget pensioners' family home: CIS
The federal government is being urged to target the family homes of pensioners for budget savings.The Centre For Independent Studies argues it's unfair that rich and poor are being treated the same.It...
View ArticleHousing affordability worsens in Syd, Melb
Housing affordability in Sydney and Melbourne has worsened over the past year, with the share of income spent on mortgage repayments ballooning to a near decade high in Australia's largest city.Record...
View ArticleFrasers in $222m Melbourne tower deal
Singapore-listed Frasers Centrepoint, controlled by Thai tycoon Charoen Sirivadhanabhakdi, has carved a Melbourne office tower out of Australand’s $3 billion commercial property trust and sold it into...
View ArticleRich cash in on negative gearing
The nation’s wealthiest families are collecting the lion’s share of an $8 billion tax break on negative gearing, according to research that escalates the political fight over how to balance the federal...
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APN Property launches $30m raising
APN Property Group has announced a $30 million capital raising that it will use to invest in the expansion of ASX-listed property trusts, and pay down its corporate debts.The company said today it will...
View ArticleProperty developer China Vanke’s profit falls sharply
SHANGHAI—China Vanke Co., one of China’s largest property developers, said its first-quarter net profit fell 57.5 per cent from a year earlier, as it sold and completed the construction of fewer...
View ArticleLabor heartland embraces negative gearing
A surge in property investment is transforming the political landscape as more than a million voters embrace negative gearing, highlighting the danger for leaders who consider scaling back the $8...
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