Stockland lifts FY profit
Stockland Group has posted a strong lift in full-year profit, but provided some cause for caution as it targets a broader earnings per share range and a modest lift in its total dividend in fiscal...
View ArticleFederation profit soars after merger
Federation Centres says a rise in profit reinforces the rationale behind its $22 billion merger with fellow property company Novion this year.The retail landlord, which announced the merger in...
View ArticleMirvac faces $400m deadline
Mirvac Group has until Monday to thrash out a $400 million-plus deal for the management rights and two investment stakes in Morgan Stanley’s vast real estate empire, Investa Property Group.The US...
View ArticleForeign property buyers in firing line
New laws regulating property purchases by foreign investors will ensure everybody plays by the rules, Treasurer Joe Hockey has told parliament.Introducing legislation on Thursday, Mr Hockey said...
View ArticleInvesta Office Fund profit falls
Commercial property investment trust Investa Office Fund will lift its dividend in the year ahead despite announcing a slight fall in full-year profit today.In the 12 months to June 30, statutory...
View ArticleClik here to view.
Developers should brace for a property price crunch
EconomyAustralian NewsCallam PickeringThe Australian property sector is into the ‘second quarter’ of what is often a seven-to-eight-year housing cycle, according to Stockland chief executive Mark...
View ArticleAV Jennings wants stamp duty rethink
Home builder AV Jennings is urging the governments to consider abolishing stamp duty to help improve housing affordability.Chief executive Peter Summers says a debate on the tax was long overdue given...
View ArticleBlundy’s Aventus ‘worth $900m’
ASX-hopeful Aventus Property, a real estate and funds management-business controlled by wealthy retail baron Brett Blundy, is worth more than $900 million, according to information sent to prospective...
View ArticleSydney property gains to ease in 2016
Sydney's red hot housing boom is tipped to come to an end next year, and the market will even play second fiddle to Melbourne.Prices in Sydney for houses and units are expected to rise by five per cent...
View ArticleAmazon expands Sydney offices
E-commerce giant Amazon is set for a fourfold expansion of its Sydney offices, with the group agreeing to lease more than 10,000 square metres at the Citigroup Centre in the Sydney central business...
View ArticleLend Lease profit, revenue dips
Lend Lease profit and revenues dropped over the last 12 months despite the booming property market but the company said pre-sold residential revenues were up strongly.The company posted a net profit...
View ArticleScentre goes shopping
Westfield spin-off Scentre Group will today unveil a series of shopping centre deals after it agreed to divest three malls to private equity giant Blackstone for a collective $630 million.DataRoom can...
View ArticleScentre on track for FY guidance
Scentre Group says it remains on track to meet its full-year funds from operations target and has unveiled the sale of four shopping centres as it reported a decline in interim profit.In the six months...
View ArticleProperty market may take a breather
Australia’s red-hot property markets may pause this weekend as buyers take stock of the $100 billion wiped from the sharemarket in the past three days.“We expect inquiries to come off during the next...
View ArticleClik here to view.
The US housing recovery gathers pace
IndustriesPropertyCallam PickeringMomentum has gradually firmed in the US housing market this year, supporting jobs and household wealth, but progress could come to a screeching halt if the Federal...
View ArticleWestfield sees demerger benefits
Westfield Corporation says it reaping the benefits of its demerger from Scentre Group, reaffirming its full-year funds from operations (FFO) forecast. In the six months to June 30, Westfield posted a...
View ArticleCharter Hall FY profit soars
Charter Hall will reward shareholders with an increased total dividend after posting a strong lift in full-year profit, and expects both local and international demand for Australian property to remain...
View ArticleAust mortgage delinquency rate falls
Tasmanians and Queenslanders are the nation's worst for keeping up with home loan repayments.A report from ratings agency Fitch shows just under one in a hundred mortgages in Tasmania, or 0.99 per...
View ArticleAPRA keeps options open on lending
The banking regulator has left the door open to imposing geographically specific measures in heady property markets such as Sydney to keep a lid on lenders should the cocktail of risky conditions spur...
View ArticleUK house price growth weakest since 2013
British house prices have risen at their slowest annual pace for nearly two years in August, Nationwide Building Society says.Property values rose by 3.2 per cent this month compared with a year ago,...
View Article