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UGL confirms DTZ demerger
By a staff reporter, with AAPUGL Ltd will proceed with a demerger of its engineering and property bsuinesses as soon as possible, after posting a steep fall in full-year profit.Investors responded...
View ArticleBeware the mother of all housing booms
Business SpectatorEconomyRobert GottliebsenIf we are not very careful Australia is going to have the mother of all dwelling booms. What we are seeing is a three-pronged boost to prices. First is a...
View ArticleOverheated housing market sparks bust fears
An accelerating recovery in key inner-city property markets on the back of the record low cash rate is prompting experts to warn of dangerous boom-time conditions as lenders up their ante for dominance...
View ArticleStockland's full-year profit slides
By a staff reporter, with AAPStockland Ltd is confident its earnings will improve in the year ahead, buoyed by increased income from new retail, residential and retirement living projects, after...
View ArticleREA lifts full-year profit
By a staff reporterOnline real estate advertiser REA Group Ltd will focus on development and rollout of products for the Europe and Hong Kong markets after increasing profit and revenues this...
View ArticleWorst over for housing: Steinert
Stockland chief executive Mark Steinert is cautiously optimistic about the Australian housing market, predicting that the worst is over while warning a recovery will likely be modest and uneven,...
View ArticleFed election must feature IR: states
Some states are expressing concerns that Labor's industrial relations policies could destabilise Australia's property market and in doing so jeopardise a surge in state revenues from land transfer...
View ArticleGoodman Group FY profit slumps
By a staff reporterProperty and funds management firm Goodman Group Ltd is predicting growth of nine per cent in operating profit for the current year despite posting a dramatic slump in full-year...
View ArticleShopping bags the bucks for Wesfarmers
Adapt or Die Knowledge HubRetailStephen BartholomeuszGiven that almost $400 million of earnings within its coal business and Target disappeared during the year, the 6.3 per cent increase in Wesfarmers’...
View ArticleLend Lease in landmark tax win
Lend Lease Group Ltd has won a landmark $20 million tax dispute that could set a benchmark for how stamp duty is levied on development land, according to The Australian Financial Review. The group's...
View ArticleUS housing recovery on pace: Fed
Dow JonesThe president of the St. Louis Federal Bank said Thursday he doesn't think the higher mortgage rates that accompany increases in bond yields are likely to derail the housing recovery. The...
View ArticlePacker sets sights on Japan
Crown Ltd chairman James Packer has set his sights on Japan, saying he hopes the country will become the next growth target for his gaming empire, according to The Australian.The recent electoral...
View ArticlePepper and Cadence stage tilt for RHG
By a staff reporterPepper Australia has joined forces with the largest shareholder of target RHG Ltd to stage a takeover bid in an attempt to beat a rival offer from a syndicate led by Resimac Ltd....
View ArticleAVJennings narrows FY loss
By a staff reporterAVJennings Ltd is hopeful an uptick in consumer confidence and increased activity in the property sector in the second half of the year will carry forward into 2014, after...
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Mortgage malaise: US banks taste their own medicine
IndustriesPropertyApril Dembosky & Stephen Foley – Financial TimesFT.comThe Godfather flashes silently on the TV as Steve Wilson sips a tequila and apple juice cocktail, clutching a letter from the...
View ArticleUS homes data misses forecast
Dow JonesOverall US home building rose in July, though a drop in starts on single-family homes suggests greater hurdles facing home builders. Overall US housing starts rose 5.9 per cent in July from a...
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Will the housing soufflé rise twice?
Business SpectatorEconomySteve KeenOne of the advantages of being overseas right now is that it takes less effort to avoid listening to the insipid discourse that passes for political debate during...
View ArticleDexus increases full-year profit
By a staff reporterDexus Property Group Ltd has flagged a modest lift in earnings for the upcoming financial year after delivering a 280 per cent increase in statutory profit to $514 million profit for...
View ArticleFederation Centres swings to FY profit
By a staff reporterFederation Centres Ltd expects to increase earnings per share to between 16.5 cents and 16.8 cents after swinging to a full-year profit, as it continues its strategy of cost control...
View ArticleCFS FY profit hit by writedowns
By a staff reporterWritedowns on the value of its Melbourne Myer Emporium and readjustments to valuations on other properties have pushed Colonial First State Retail Property Trust Ltd’s full-year...
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