Chinese investment into Australian real estate surges
Chinese investment in Australian commercial real estate almost quadrupled in 2014 as foreign investment from the country continued to shift from mining to new sectors, a report has found.Direct...
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The property boom is on borrowed time
IndustriesPropertyCallam PickeringThe stage is set for Australian property to finally feel the pain so evident across other sectors of the economy. A series of headwinds -- combined with tighter...
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Blackstone ponders joining Mirvac in tilt for Investa
New York-based private equity firm Blackstone is considering partnering with Mirvac Group for a joint tilt at the $8.9 billion Investa Property Group.Blackstone and Mirvac had recently held tentative...
View ArticleMoody's warns on housing risks
Moody's has welcomed recent moves by Australia's key lenders to tighten their residential loan criteria, but warned there are still persistent risks in the housing market."In our view, these...
View ArticleHouse prices plunge in WA's Pilbara
Median house prices in the Pilbara town of Karratha have plunged almost 34 per cent as the mining downturn prompts residents to leave.Real Estate Institute of Western Australia data for the year to...
View ArticleMcGrath targets $100m raising
McGrath Estate Agents is aiming to raise $100 million ahead of a listing on the stock exchange later this year, according to sources.When it lists, the real estate chain, led by John McGrath, is...
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Devine Group ditches sales talks
CIMIC subsidiary Devine has ditched its sales process of ten months, after failing to progress any discussions to a binding agreement.Suitors including AV Jennings, Proprium Capital Partners,...
View ArticleRBA backs APRA on property rules
The Reserve Bank says there's no need to implement tough New Zealand-style property rules to help keep a lid on Sydney and Melbourne's housing boom.The New Zealand government recently announced a...
View ArticleHoliday homes in ATO's scope
Holiday home owners are coming under the scrutiny of the Australian Taxation Office, as property investors skirt or misinterpret property rules when claiming tax deductions.The tax office today said it...
View ArticleMirvac offloads $400m of assets
Property developer and manager Mirvac Group said it has sold $405 million in assets so far this financial year, in line with its target to improve the quality of its investment portfolio following a...
View ArticleWhy Gandel drove the Novion-Federation deal
DataRoomMergers & AcquisitionsStephen BartholomeuszThere will be no one happier with the near-unanimous approval of the merger of Novion and Federation Centres than reclusive billionaire John...
View ArticleNovion approves Federation merger
Novion Property Group shareholders have approved the $22 billion merger with Federation Centres, creating one of Australia's leading real estate investment trusts.The merged entity will own or co-own...
View ArticleLend Lease seals $1bn Barangaroo deal
Casinos operator Crown has entered into a $1 billion agreement with developer Lend Lease to build its casino and resort at Sydney's Barangaroo South.Lend Lease said late Wednesday it had finalised...
View Article‘Plan B’ for Devine sales process
The sales process for Devine through investment bank Goldman Sachs may have fallen over but perhaps bankers are now exploring a “Plan B”.This comes with rumours that the majority owner of...
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360 Capital extends ANI bid
Commercial property investment group 360 Capital has extended its hostile takeover offer for Australian Industrial REIT, after a shareholder vote on Monday failed to deliver support for the off-market...
View ArticleProperty now Aust's biggest industry
The property sector now contributes more to Australian gross domestic product than mining, home ownership and financial services, new research commissioned by the Property Council of Australia shows.In...
View ArticleStevedores fight Port Melb rent gains
Stevedores fighting rent increases at the Port of Melbourne can do a deal now or take their chances with the new operators, Victoria's Treasurer says.Tim Pallas said stevedoring company DP World...
View ArticleAveo increases stake in RVG
Aveo Group has more than doubled its stake in the Retirement Villages Group since first acquiring a 15.4 per cent interest six months ago.The company, Australia's leading owner, operator and manager of...
View ArticleNew home sales edge to five-year high
Record-low interest rates are continuing to spark investment in property, with the sales of new homes hitting a fresh five-year high in April, according to the Housing Industry Association.Sales of new...
View ArticleSupreme Court clears Novion merger
The proposed $22 billion merger between Novion Property and Federation Centres has cleared its final regulatory hurdle, paving the way for the creation of one of Australia's leading real estate...
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