ASF secures Gold Coast casino site
Shares in Sino-Australian investment firm ASF Group have jumped 15 per cent after the Queensland government announced a new site for an integrated resort and casino on the Gold Coast.ASF's proposal to...
View ArticleInvestors threaten to oust Federation chair
A group of shareholders are planning to call an emergency general meeting to request the resignation of Federation Centres chairman, Peter Hay, in the wake of yesterday’s surprise departure of Steven...
View ArticleCLSA questions Federation strategy
The sudden change of chief executive at the recently merged shopping centre trust Federation Centres raises questions about who runs the company and casts doubts on whether the group will execute its...
View ArticleHousing boom set to peak in 2016
Cracks are appearing in Australia's housing construction boom, with fears it will peak in the next 12 months.While many have touted the property sector as the nation's next big hope for the economy as...
View ArticleMajor investors back Federation board
The second biggest shareholder in Federation Centres, superannuation giant Unisuper, has thrown its support behind the board and chairman of the $22 billion shopping centre empire, adding that it would...
View ArticleGreens slam housing tax concessions
The Australian Greens say removing the discount on capital gains tax would generate as much as $74 billion for federal coffers over the next decade."Income earned in wages is fully taxed, income earned...
View ArticleFIRB 'scaring away capital'
Australia’s largest privately owned beef company has warned the federal government that its crackdown on foreigners buying residential property and farmland is scaring away foreign investors,...
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An excess of faith in bricks and mortar
IndustriesPropertyVictoria ThiebergerPrivate wealth in Australia is heavily concentrated in property in a grand lack of diversification that highlights how vulnerable the economy is to higher interest...
View ArticleNo disputing housing expensive: RBA
There is "no disputing" housing is expensive, says the Reserve Bank of Australia's head of financial stability, but loosening lending standards to help first home buyers enter the property market would...
View ArticleThe RBA's warning to property investors
EconomyReserve Bank of AustraliaVictoria Thieberger When an observer (such as the central bank) stands back from the breathless reporting of house prices and auction results (some figures from RP Data...
View ArticleFairfax sells Chullora facility
Charter Hall Group's Core Plus Industrial Fund will pay $45 million for the former Fairfax print and distribution facility in Chullora, in Sydney's west.The sale comes just days after entrepreneur...
View ArticleHome loan approvals rise in June
Home loan approvals have rebounded in June following May’s interest rate cut, but growth fell slightly short of economists’ expectations.The number of approvals rose 4.4 per cent in the month against...
View ArticleMorgan Stanley rebuffs Investa Office Fund
Morgan Stanley has rebuffed Investa Office Fund's approach to participate in the sale of the arm that provides property and asset management services for the portfolio. Morgan Stanley is trying to exit...
View ArticleRules hit local home buyers: Symond
Australian real estate needs foreign investors but regulators may be giving them an unintended advantage over local investors, says Aussie Home Loans founder John Symond.Changes to property investment...
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The threat of a housing downturn is rising
IndustriesPropertyCallam PickeringThe mortgage market surged in June but failed to entirely offset last month’s massive decline in loan approvals. With demand set to moderate further, are we on track...
View ArticleInvestor home lending on the decline
Home loans to property investors have fallen for a second straight month in a sign the brakes may soon be applied to soaring house prices.The value of investor housing loans dropped 0.7 per cent in...
View ArticleWorries for property sale spike: report
A surge in residential properties put up for sale in Melbourne and Sydney could indicate buyers are worried prices have peaked, The Australian Financial Review reports.According to the newspaper, new...
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How Australia fits into Wanda's global property plan
EconomyChinaPeter CaiWang Jianlin, the founder of Dalian Wanda Group, has a lot in common with Frank Lowy, the property mogul who founded the Westfield Group. Both come from humble origins and have...
View ArticleRent rises slowest on record: RP Data
Home prices might be rising at a record pace but it's good news for tenants - rent growth has slowed to its weakest pace on record.The average capital city weekly rent in July was $486, figures from...
View ArticleSyd, Melb property 'close to peak'
The booming property markets in Sydney and Melbourne are close to peaking, according to real estate chief John McGrath.“Sydney and Melbourne are about 80 to 90 per cent near its cycle and it’s probably...
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