Dexus tipped for Investa play
Dexus Property Group is performing strongly despite facing a tough market, leaving it well positioned for any corporate activity, including a play for the $9 billion Investa Property Group office...
View ArticleThe dangerous attacks on the Asian apartment boom
IndustriesPropertyRobert GottliebsenSydney apartment developers like Harry Triguboff are very concerned at what is happening in Melbourne because they fear if the Melbourne apartment market cracks, it...
View ArticleAust land prices too high: Lend Lease
Property and infrastructure group Lend Lease said it is increasingly looking offshore for development opportunities as Australia's rising land costs are making it less attractive to build locally.Lend...
View ArticleStrong basis for merger: Federation
Federation Centres says its performance in the first nine months of the financial year highlights an "excellent basis" for its $22 billion merger with fellow property giant Novion, with the company...
View ArticleNew home sales hit 5-year high
New home sales have hit a five-year high, as Australia's record-low interest rates continue to support a domestic property boom.The Housing Industry Association's latest new home sales report showed...
View ArticleAquis boss Tony Fung buys Sheraton Mirage on Gold Coast for $160 million
Billionaire Tony Fung has bought the Sheraton Mirage on the Gold Coast for $160 million and plans to turn it into a luxury casino resort.The Hong Kong gaming tycoon’s latest acquisition takes his...
View ArticleAV Jennings eyes $40m FY profit
House and land packages group AV Jennings says it's on track to post a full year profit in excess of $40 million.AV Jennings managing director Peter Summers on Wednesday said the company was on track...
View ArticleInvesta bidders up the ante
The five to six final bidders in the advanced stage of the contest to buy Morgan Stanley Real Estate’s $8.9 billion Investa Property platform are believed to have lobbed bids valuing the offices on the...
View ArticleScentre reaffirms funds growth
Shopping mall operator Scentre Group has reaffirmed its forecast for full-year growth in funds from operations and said more than $500 million worth of developments had commenced in 2015.Scentre today...
View ArticleLowy blames confusion for pay backlash
Westfield's billionaire chairman Frank Lowy has blamed shareholder misunderstanding for a backlash against executive salaries at his Australian shopping centre group.Scentre avoided a first strike...
View ArticleChinese to buy $60bn in Australian housing
Chinese investors and immigrants purchased more than $8 billion in Australian residential property in the space of 12 months, with growing demand forecast to pump another $60 billion into the market...
View ArticleChinese to spend $60bn on Aust property
Chinese investors are expected to pour about $60 billion into Australian housing over the next six years, more than double the $28bn spent in the previous six.Research from Credit Suisse estimates that...
View ArticleSimpler retirement village contract hope
A new offering from a major retirement village operator could simplify the often hugely complex contractual arrangements involved in taking a place in a managed facility.Aveo Group, which operates 76...
View ArticleAsian groups lead $11bn spend
Under pressure to deal with increased international tourism arrivals because of the weak Australian dollar, Trade and Investment Minister Andrew Robb will today announce that nearly $11 billion worth...
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NAB sounds the alarm bells on commercial property
IndustriesFinancial ServicesRobert GottliebsenBuried deep in the mass of documents released by the National Australia Bank accompanying its profit and capital raising is a fascinating set of graphs...
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The RBA pumps up the housing bubble
EconomyInterest RatesVictoria ThiebergerEver since the global financial crisis, the words of central banks have become as important a policy tool as their actions.The Reserve Bank knows it and...
View ArticleSenate committee urges negative gearing inquiry
There are renewed calls from parliament to consider abolishing negative gearing.A Labor-dominated Senate committee examining housing affordability has called on the government to launch an inquiry into...
View ArticleRBA warns on lending standards
Future economic shocks may hit households harder than in past financial tremors, according to a Reserve Bank paper.Credit losses suffered by Australian banks during recessions and economic crises...
View ArticleHome finance beats March forecasts
Home loan approvals have risen 1.6 per cent, beating economists' expectations of a 1 per cent rise, as record-low interest rates see a boom in investor housing loans during March.There were 54,686...
View ArticleCromwell bid for Investa gets a boost
Listed South African real estate giant, Redefine Properties has committed to funding Cromwell Property Group’s tilt at the $8.9 billion Investa Property Group as one of the most competitive bidding...
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