Home values rise in July
By a staff reporterHousing values rose in July as positive conditions in Sydney, Perth and Melbourne buoyed the property market, according to a private survey.RP Data and Rismark International's home...
View ArticleNew home sales lift in June: HIA
By a staff reporterNew home sales lifted for the fourth consecutive month in June, but the outlook for the property sector remains far from certain, according to a private survey.The Housing Industry...
View ArticleSouth Korea casino plan collapses
AAPSouth Korea's Incheon city says a $US290 billion ($A325.62 billion) plan to transform a fishing village into a rival to the Chinese gambling enclave of Macau has collapsed.Incheon Free Economic Zone...
View ArticleClik here to view.
Breakfast Deals: Dexus defensive
Adapt or Die Knowledge HubFinancial ServicesAlexander Liddington-CoxCommonwealth Bank of Australia has lawyered up against Dexus Funds Management over the disclosure documents pertaining to a stake in...
View ArticleChinese homes sales climb in July
AAPThe rise in home prices in major Chinese cities accelerated in July, a survey shows, as the government suggests it might not take further steps to tighten the market.The average price of new homes...
View ArticleClik here to view.
Markets: Expressions of interest
MarketsASXKirstie SpicerInvestors will again be looking for places to put their money to earn a better return than paltry at-call rates offered by the banks with the likelihood of a rate cut tomorrow a...
View ArticleCrown increases Sri Lanka push
Two senior Crown Ltd executives have traveled to Sri Lanka to argue the government there should extend favourable tax and regulatory treatment for the company's proposed $US400 million ($A448.9...
View ArticleClik here to view.
Business hangs its hat on polling hopes
Business SpectatorPoliticsRobert GottliebsenAustralians sense danger ahead and it's showing up in surveys and forward estimates.And the Coalition believes that the fear that is engrained in so many...
View ArticleInterContinental H1 profit rises
AAPInterContinental Hotels Group has announced a 25 per cent increase in first-half net profits thanks to a strong showing by its operations in the Americas.Profit after tax jumped to $US340 million...
View ArticleRBA risks housing bubble: analyst
A prominent banking analyst has warned that by cutting interest rates to a fresh record low, the Reserve Bank of Australia (RBA) risks sparking a surge in housing prices that could form a volatile...
View ArticleHousing finance beats forecast
By a staff reporter, with AAPThe demand for home loans rose more than expected in June, according to the Australian Bureau of Statistics.The data showed the number of home loans granted in May lifted a...
View ArticleClik here to view.
Markets: Girt by weak rates and risk
MarketsASXKirstie SpicerThink back to early 2011 when you could comfortably get 5 per cent, maybe even 6, on a short-dated term deposit. If you were looking for a steady income minus the excitement of...
View ArticleBWP Trust in trading halt
By a staff reporter Shares in BWP Trust will be placed in trading halt at the trust's request, pending an announcement on a possible equity raising.In a statement to the Australian Securities Exchange,...
View ArticleBWP Trust lifts FY profit
By a staff reporterBWP Trust has posted a lift in full-year net profit and revenue on the back of growth in its property portfolio, including acquisitions.In the twelve months to June 30, BWP Trust...
View ArticleDexus, CPA resolve dispute
By a staff reporterDexus Property Group Ltd has released more information about its holding in takeover target Commonwealth Property Office Fund (CPA) to a end a court battle with the group. In a...
View ArticleFannie Mae posts strong Q2 profit
AAPMortgage giant Fannie Mae earned $US10.1 billion ($A11.2 billion) in the second quarter, aided by the recovery in the housing market.The government-controlled company has turned a profit in each of...
View ArticleBanks are overly dependent on home loans sector: Argus
The current home loan focus of Australia's four largest banks poses a risk to the country's economy, according to former National Australia Bank (NAB) chief executive and BHP Billiton Ltd chairman Don...
View ArticleFKP takes $187.5m impairment
By a staff reporterFKP Property Group will take a $187.9 million impairment charge after a revaluation of the group's property asset values.In a statement to the Australian Securities Exchange, FKP...
View ArticleClik here to view.
Breakfast deals: UGL's detached property
IndustriesConstruction and EngineeringAlexander Liddington-CoxUGL is expected to announce today that it’s going with the demerger plan that Goldman Sachs has been looking into. Rio Tinto’s decision to...
View ArticleUGL to launch spin-off: report
UGL Ltd will move forward with plans to spin-off its DTZ property business into a new, listed entity as it looks to ensure stronger valuations for its businesses in the investment community, The...
View Article