Qatar swoops on Barangaroo stake
Qatar Investment Authority’s surprise move on Lend Lease’s final $2 billion Barangaroo tower on Sydney Harbour has set a new benchmark for premium-grade property assets and demonstrated the hunger of...
View ArticleNew home sales dip in May
New homes sales in Australia pared back from record highs in May, as the number of detached house sales fell, despite the number of new apartments sold during the month hitting a fresh high. The...
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Weak business credit hints at a hard road ahead
EconomyAustralian NewsCallam PickeringProperty investors continue to drive credit expansion and national dwelling prices, particularly in Sydney. However, there is tentative evidence that investor...
View ArticleMixed outlook for housing market: CoreLogic RP Data
The 2014-2015 financial year has seen steady growth in the housing market with combined capital city home values rising by 7.5 per cent, but weakness persists in Perth and Darwin, according to the...
View ArticleProperty prices climb 10% in FY
Home values across Australia's capital cities climbed almost 10 per cent during the 2014-15 financial year, fuelled by the booming Sydney and Melbourne markets.A rebound in values during June helped...
View ArticleBuilding approvals beat expectations
Building approvals have increased twice as fast as predicted in May, as the volatile number of apartments approved surged in the month, official data shows.The Australian Bureau of Statistics data...
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The risks of our high-rise boom
EconomyAustralian NewsCallam PickeringBuilding approvals remain elevated but there is tentative evidence that they are either at or near their peak.Nevertheless, the residential construction boom is...
View ArticleTriguboff shuns Meriton offers
Last weekend, Australia’s third-richest citizen, Harry Triguboff, sat down with his family to begin succession planning.That conversation ended a flirtation with selling his Meriton Group to the...
View ArticleBank lending faces APRA scrutiny
The banking regulator has reviewed banks’ lending strategies as part of its heightened supervision to slow the hot Sydney and Melbourne property market, as speculation grows a broader suite of “macro...
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One year of grace for housing
IndustriesPropertyVictoria ThiebergerPicking through a fresh slew of reports on the housing market released in the past couple of days, it looks like investors have about a year of grace before house...
View ArticlePrepare for an avalanche of apartment construction
IndustriesPropertyRobert GottliebsenPhew, that was a rush. In the last few weeks we have just witnessed an unprecedented scramble by overseas investors to invest in residential apartment developments,...
View ArticleLoan changes curb investors: report
Leading mortgage broker Mortgage Choice says the percentage of its loan approvals for property investors has fallen to a 20-month low thanks to tighter requirements for landlords, The Australian...
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Is this the firm evidence that house prices are a bubble?
EconomyAustralian NewsMiranda MaxwellTreasury secretary John Fraser says there is “unequivocally” a bubble, in Sydney anyway.Glenn Stevens hasn’t quite used the B-word, but he has said the prices some...
View ArticleInvestor property loans fall in June
The number of property investor loans processed by Australia's largest mortgage broker fell in June, with a big slide in investment loans in the booming Sydney market.AFG processed a record 11,056...
View ArticleChinese in box seat for Investa Property
China Investment Corporation, the world’s fourth-largest sovereign wealth fund, has moved into pole position for Morgan Stanley’s $8.9 billion-backed Investa Property Group, even as rival suitor...
View ArticleBanks again tighten investor lending
Australia's big banks are further tightening lending to housing speculators as authorities continue to fret about risks to the country's hot property market. Westpac, the largest lender to housing...
View ArticleHouse prices 30% undervalued: RBA research
Australian house prices are as undervalued by as much as 30 per cent, making the decision to buy more attractive relative to renting than at any time in the past 30 years, research conducted within the...
View ArticlePEXA sets sights on early listing
Macquarie Bank-backed Property Exchange Australia is on track for an early listing after signing up nearly 30 vendors and major law firms Slater & Gordon, Gadens and Galilee Solicitors to its...
View ArticleRents at record highs in Syd, Melb
Sydney house rental prices have surged to a record high, while in Melbourne they remain at highest-ever levels.Median weekly house rents in Sydney hit a fresh record of $530 and unit rents lifted to...
View ArticleForeign housing investment set to grow
The declining Australian dollar is expected to make Australian housing even more attractive to foreign buyers.CoreLogic RP Data senior research analyst Cameron Kusher says housing is looking expensive...
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