Chinese lead foreign US home purchases for first time
Chinese buyers have surpassed Canadian snowbirds as the dominant foreign buyers of homes in the US, according to the National Association of Realtors.Purchasers from China made up 16 per cent of...
View ArticleBlackstone shopping in New Zealand
Blackstone could be kicking the tyres on four New Zealand shopping centres owned by the Westfield spin-out Scentre Group according to sources.But its interest may not just extend to New Zealand.About...
View ArticleOne reason to be bullish on Australia
EconomyAustralian NewsAdam CarrWondering about Australia’s economic prospects? You needn’t. Sure, the talk of the town is that the country is heading into a downturn, with the RBA set to downgrade...
View ArticleNSW budget to tackle house prices
The NSW government's housing affordability plan is an "insult" to struggling first home buyers, says Opposition Leader Luke Foley.Premier Mike Baird has announced Tuesday's state budget will inject...
View ArticleStockland sells office tower stake
Stockland will sell its 50 per cent stake in the Waterfront Place office tower and Eagle Street Pier retail and restaurant precinct in Brisbane to Dexus for $317.5 million.The tower and pier are owned...
View ArticleNZ bill targets property investors
The New Zealand government has introduced a bill aimed at tightening rules and scrutiny of property investors, including requiring them to provide their tax numbers and have a local bank account.The...
View ArticleHouse prices rise as Sydney surges
Australian house prices rose solidly in the first quarter of the year as record-low interest rates fueled strong gains in capital city values, causing growing concerns of a property bubble.The weighted...
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Why we should get rid of negative gearing on housing
PoliticsNational AffairsGavin Wood & Rachel OngThe ConversationIn recent weeks, there have been signs sentiment may be changing around the contentious policy of negative gearing.There are...
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A mixed picture of Australia's housing market
EconomyAustralian NewsCallam PickeringHouse prices continued to climb during the March quarter but the pace of growth has slowed considerably outside Sydney. Nationally, the house price-to-income ratio...
View ArticleRampant housing market ignites fees
Sydney’s rampant property market is spearheading forecasts of a record $18.9 billion in stamp duties in the coming year, reigniting warnings about housing affordability.After a surge in stamp duties...
View ArticleWA govt open to property asset sales
The West Australian government is prepared to sell its buildings and land to reduce its debt if the right offer comes along.Lands minister Terry Redman said on Wednesday that he would introduce a...
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The fragility of Australia's household wealth
EconomyAustralian NewsCallam PickeringHousehold assets and debt continue to surge, approaching record levels, with growth relatively broad-based across property and financial assets. Banks continue to...
View ArticleMirvac targets $15m annual savings
Property developer Mirvac is cutting more than 75 jobs as it simplifies its business to deliver up to $15 million in annual savings.The company behind major residential, office and retail developments...
View ArticleTransfield scores $88m uni deal
Transfield Services has gained a foothold in Australia's tertiary education sector, scoring a five-year management and property services deal with the University of Newcastle worth $88 million.The...
View ArticleHousing prices 'broadly on trend'
Treasury agrees Sydney house prices have been growing strongly but says they are not that much out of step with long term trends.And there's some sense that this may be easing.Treasury acting deputy...
View ArticleHockey 'flying blind' on negative gearing
Treasurer Joe Hockey is “flying blind” on the topic of negative gearing, amid revelations the Treasury has not modelled on the impact of federal taxes on house prices, Labor MP Jim Chalmers...
View ArticleYes minister, prices are growing strongly
PoliticsNational AffairsVictoria ThiebergerThe contortions of senior Treasury officials to avoid using ‘the B word’ for the housing market at the parliamentary inquiry into home ownership on Friday had...
View ArticleHousing market to cool in 2017
Australia's hot property market is expected to come off the boil by 2017.Economic forecaster BIS Shrapnel says low interest rates will fuel further house price growth in undersupplied residential...
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The housing rort that hits all Australians
EconomyAustralian NewsCallam PickeringGovernment housing policy in Australia encourages speculation, reduces home ownership and redistributes wealth towards the already affluent. It distorts capital...
View ArticleLend Lease fund set for $2bn tower
Lend Lease has launched a commercial property fund to invest in a $2 billion tower development at the Barangaroo South project in Sydney.The new fund will acquire the largest tower at the site, known...
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