The RBA's confused case against negative gearing
IndustriesPropertyAdam CarrIn its submission to the House of Representatives on home ownership, the Reserve Bank states that “there is a case for reviewing negative gearing, but not in isolation”. It...
View ArticleClik here to view.
Weekend Economist: No case for a cut
EconomyAustralian NewsBill EvansThe Westpac–Melbourne Institute Index of Consumer Sentiment fell by 3.2 per cent in July to 92.2, down from 95.3 in June. This was the lowest print of the index since...
View ArticleHousing market heading to oversupply
Record levels of home building could lead to an oversupply of properties in the next couple of years.But economic research by BIS Shrapnel suggests affordability concerns in the key Sydney and...
View ArticleInvesta, GPT action nears resolution
Two of the biggest conundrums in property could be resolved by the weekend — the future of the $8.9 billion Investa Office platform and the leadership of the venerable GPT Group.This column first...
View ArticleClik here to view.
The 'new normal' for house prices
EconomyAustralian NewsAlan KohlerThe Reserve Bank believes the only thing that will bring house prices down is a recession.Failing that (we hope), Australia (population density 3.2 per sq km) is...
View ArticleClik here to view.
States need a property tax
PoliticsNational AffairsJohn Daley & Brendan CoatesWhen premiers sit down with the Prime Minister to discuss state funding at the special Council of Australian Governments retreat on Wednesday,...
View ArticleClik here to view.
An end to the property boom party?
EconomyAustralian NewsCallam PickeringIs the housing market in a ‘bubble’ or does the recent rise in property prices reflect a shift to a ‘new normal’? Alan Kohler certainly believes it is the latter...
View ArticleGPT Group taps Bob Johnston as CEO
Australian real estate investment trust GPT Group has appointed current managing director of Frasers Australand Bob Johnston to be the firm's new chief executive, replacing outgoing boss Michael...
View ArticleForeign ownership of homes rises
Despite tougher restrictions on foreign investment, foreigners have increased their presence in established housing markets, especially in Victoria, according to figures from National Australia...
View ArticleClik here to view.
Little Manhattan: Sydney apartment prices shoot for the sky
IndustriesPropertyFlorence ChongThe day when the median price of a two-bedroom apartment in Sydney reaches $1 million is not too far off.Sharply rising construction and land costs, aided by a devalued...
View ArticleClik here to view.
Australia is still hot property for foreign investors
IndustriesPropertyMiranda MaxwellAs the RBA’s latest minutes bemoan the Australian dollar’s decline as still inadequate, fresh evidence has emerged showing offshore buyers are snapping up Australian...
View ArticleGST increase could impact house prices
The Housing Industry Association has warned state and federal leaders that increasing the GST on new housing could price many Australians out of home ownership.As NSW Premier Mike Baird pitches raising...
View ArticleChinese property buyers in focus
A string of vendors throughout Sydney and Melbourne are clamping down on settlement terms on multi-million-dollar deals as volatility in China’s financial markets raises doubts about Chinese buyers’...
View ArticleGPT Group eyes European exit
GPT Group is edging closer to finally exiting its disastrous foray into global property as the company it spun off in the depths of the global financial crisis, German apartment owner BGP, has entered...
View ArticleCIC tipped to win battle for Investa
Morgan Stanley is set to unveil China’s sovereign wealth fund, the Chinese Investment Corporation, as the preferred bidder to Investa Property Group’s $2.5 billion portfolio of office assets at the end...
View ArticleSydney housing price hits $1 million
Sydney's average house price has soared through the $1 million mark for the first time.Growth over the June quarter saw Sydney home prices leap 8.4 per cent to hit $1,000,616, surpassing median prices...
View ArticleMcGrath IPO in spotlight
Investors will be eager to better understand John McGrath’s intentions for his shares in his real estate chain before throwing their support behind the initial public offering plans for the...
View ArticlePEXA hopes for $550m listing
Property Exchange Australia hopes to list as a company worth about $550 million, according to sources, as Citic CLSA emerges as the company’s adviser.The deal will be spearheaded by Mark Dorney, a...
View ArticleHigh prices fail to halt property lure
Most Australians still think it's a good time to get into the property market, despite house prices surging in Sydney and Melbourne, a survey has found.Sixty per cent of the 1,010 respondents polled in...
View ArticleNAB rate rise targets investors
National Australia Bank has become the third of the big four banks to tighten interest rates on investor loans in the past week, as the lenders seek to cool-down Australia's hot property market under...
View Article