ASIC grounds land-bank scheme
Property spruiker Jamie McIntyre has agreed to hand in his passport as the corporate regulator begins legal action to permanently restrain him from promoting several land-banking schemes, which the...
View ArticleInvesta sale hitch
Morgan Stanley’s efforts to clinch a quick sale of the management platform to the $8.9 billion Investa Property Group are fading amid resistance from the group’s funds.As revealed by The Australian...
View ArticleMorgan Stanley heads for the exit
Morgan Stanley has knocked back a second request to internalise the $8.9 billion Investa Property Group, as the bank closes in on an exit from the real estate office empire it acquired at the...
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China's wave of global property investment is just beginning
IndustriesPropertyFlorence ChongToday’s global property market is sitting on the cusp of an unprecedented flood of capital now banking up in China in search of a new home offshore. And Australia, once...
View ArticleDexus increases FY profit
Dexus Property Group says it expects continued momentum in the nation's property hotspots, Sydney and Melbourne, to continue to boost its bottom line after posting a strong lift in full-year profit. In...
View ArticleREA Group's FY profit jumps
Australia's largest online real-estate classifieds company, REA Group, reported a 40 per cent rise in annual profit as it rode a housing boom driven by record-low interest rates locally and a global...
View ArticleNegative gearing needs review: CBA
Australia's biggest lender wants the federal government to consider changes to negative gearing rules as part of a possible future overhaul of the tax system.The Abbott government has commissioned a...
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The true cost of higher land prices
EconomyAustralian NewsCallam PickeringIt has taken a long time but the Reserve Bank is finally talking some sense about Australia’s $5.2 trillion housing market. Although elevated house prices have...
View ArticleMirvac eyes FY16 earnings growth
Mirvac has posted a strong lift in full-year profit and say it is well positioned to deliver further earnings growth in fiscal 2016.In the year to June 30, Mirvac posted a net profit of $609.9 million,...
View ArticleGoodman eyes increased dividend
Goodman Group today posted an operating profit before significant items of $653.5m for the 2015 financial year, an increase of 8.7 per cent on the prior year and in line with the market consensus...
View ArticleSydney house prices peaking: Mirvac
Sydney house prices could be approaching their peak, one of the country’s biggest residential developers has warned.Mirvac Group yesterday revealed it had hit a record $2 billion in home and apartment...
View ArticleThe growing fear of retirement
PoliticsNational AffairsAdam CarrOne of the more alarming aspects of the investor market at the moment, driven as it is by retirement savings, is that 50 per cent of Australians don’t actually think...
View ArticleMirvac in exclusive Investa talks
Mirvac has been granted an exclusivity period as it continues talks to potentially acquire the Investa Office Management platform.As DataRoom has previously reported, Mirvac moved into exclusive...
View ArticleCharter Hall Retail in $50m raising
Charter Hall Retail REIT will tap investors for $50 million through an institutional placement to partly fund its acquisition of two regional shopping centres.The announcement came as the group...
View ArticleHouse prices gain 0.4% in week
Housing prices continue to rise, with mainland state capital prices ticking up another 0.4 per cent on average in a week.Annual growth came in at 11.3 per cent in the week ending on Sunday, according...
View ArticleFederation to offload $153m in property
Property giant Federation Centres has announced the impending sale of four properties valued at $153.1 million, bringing the company' asset sales for August to $220m.The retail landlord -- which...
View ArticleYBR eyes investor loan market
Yellow Brick Road plans to take advantage of the tightened investment lending market, eyeing a larger slice of the industry after building its strategy around a restricted market.Meanwhile the group...
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The unintended consequences of APRA's crackdown
IndustriesFinancial ServicesMiranda MaxwellMacroprudential measures introduced to curb the amount of lending to investors by banks are safeguarding the nation from systemic risk as intended but are...
View ArticleGPT Group lifts H1 profit
GPT Group expects a smooth transition to its new chief executive next month after delivering a strong lift in first-half profit and forecasting further growth ahead. In the six months to June 30, GPT...
View ArticleNine to offload historic Willoughby site
Nine Entertainment will offload its Willoughby site to a Hong Kong property investor, pending approval from the Foreign Investment Review Board (FIRB).Nine said today it had signed a put and call...
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