Dexus looks to expand office empire
A year after buying Commonwealth Property Office Fund, Australian landlord Dexus Property Group is seeking to further expand its office empire. But chief executive Darren Steinberg quashes speculation...
View ArticleIs a reverse mortgage risky business?
PoliticsNational AffairsVictoria ThiebergerWhen the prospect of including the family home in retirement incomes was raised this week by the Centre for Independent Studies, there were two notable...
View ArticleMirvac reaffirms FY guidance
Mirvac Property Group has reaffirmed its full-year operating earnings and distribution guidance after a strong third quarter. Mirvac said its investment portfolio -- which spans the office, retail and...
View ArticleInvesta shortlist expected next week
Morgan Stanley Real Estate executives held meetings in New York on Wednesday night to determine a shortlist of bidders for the $3 billion Investa Property Group sales process.It is understood the...
View ArticleCapital city house prices lift in April
Australian property prices rose in April, with Hobart and Adelaide outpacing increases in the bigger capital cities.Home values in Australia's capital cities were up 0.8 per cent, easing from March's...
View ArticleYellow Brick Road coy on merger
Mark Bouris' financial services company Yellow Brick Road has played it coy over media speculation of an impending $215 million merger with Homeloans Limited.This morning Yellow Brick Road responded to...
View ArticleDeal near in forced sale of Sydney mansion
The Chinese billionaire owner of the $39 million Villa del Mare mansion in Sydney’s Point Piper is close to selling the home to an Australian buyer.The Australian understands that contracts are being...
View ArticleVilla del Mare sold for $37m
A $39 million Sydney mansion illegally bought by a Chinese-controlled company has been resold to an Australian citizen, Treasurer Joe Hockey says.Mr Hockey ordered the sale of the six-bedroom Villa de...
View ArticleStockland tightens FY guidance
Stockland Group is optimistic of improved full-year earnings after posting its strongest growth in comparable speciality sales since 2009 in a strong third-quarter update to the market.The company said...
View ArticleFosun to buy insurer Ironshore for $US1.84bn
BEIJING—An arm of Fosun Group will spend at least $1.84 billion to acquire the 80 per cent of U.S. insurer Ironshore Inc. it doesn’t already own, as the Chinese conglomerate furthers a bet on the...
View ArticleGovernment cracks down on foreign property
Foreigners who have bought Australian properties without proper approval have until the end of November to come forward or face tough penalties, under a crackdown on foreign property investment.Those...
View ArticleNew foreign property investor taxes in Vic
The Victorian government has identified the first loser of its 2015-16 state budget: foreign property investors who will pay two new taxes.Treasurer Tim Pallas, who will hand down the budget on...
View ArticleBuilding approvals hit record high
Building approvals hit a record high in March, as the surge in the number of apartments continues to increase, official data shows.The Australian Bureau of Statistics data showed the number of...
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A high-rise bright spot for the economy
EconomyAustralian NewsCallam PickeringBuilding approvals rose to their highest level in history during March, providing further evidence that the residential construction boom is set to be larger and...
View ArticleA Chinese exodus will decimate our property market
EconomyAustralian NewsRobert GottliebsenFor the first time in many years leading apartment developers have become very nervous about a pending fall in the values of Sydney and Melbourne apartments plus...
View ArticleWatch housing market: ANZ's Smith
ANZ chief executive Mike Smith has recommended a watching brief on the nation's closely scrutinised property market, but says fundamentally there is no problem with the sector. In an interview posted...
View ArticleDexus posts strong 12-month return
Property management group Dexus has seen a strong 12 month return, despite occupancy slipping marginally during the March quarter.Dexus today said it delivered a 12.1 per cent unlevered total return...
View ArticleGPT reaffirms FY targets
GPT Property Group has reaffirmed its full-year targets for total return and earnings per share growth, saying it is well-placed to deliver consistent and reliable returns from its core portfolio.GPT...
View ArticleThe rate cut is more than just a Sydney story
EconomyInterest RatesTuri Condon - The AustralianAt the end of last year Sydney’s raging house prices were tipped to be running out of steam.And then the February rate cut. Prices have since found a...
View ArticleFletcher Building sticks with guidance
Fletcher Building has reiterated its forecast for full-year earnings and capital spending to be at the lower end of its guidance range.Operating earnings before one-time items would be at the lower end...
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