Dollar drop no saviour: Meriton
Foreigners with investments in Australia have been burnt by the steep fall in the dollar and will be discouraged from investing again, according to Meriton Group founder Harry Triguboff.Mr Triguboff,...
View ArticleBlundy pulls Aventus float
Retail magnate Brett Blundy last night pulled his $700 million Aventus float.The news followed the launch yesterday of a $316.1m bookbuild priced at $2 a share, which drew wide support from some large...
View ArticleRental growth falls to record low
Growth in rents across Australia’s capitals has hit a record low, squeezing property investors who are already contending with decreasing returns and rising borrowing costs.Real housing rents fell 0.4...
View ArticleSewell takes $1m parachute
Outgoing Federation Centres chief executive Steven Sewell will reap more than $1 million in termination payments following his shock ousting last month.Mr Sewell, who was replaced by Angus McNaughton a...
View ArticleHousing bubble talk has Mackay on edge
David Mackay’s wife calls him a collector.The new chairman of McGrath Estate Agents — who sits on the Woolworths board and until 2011 was chief executive of listed US giant Kellogg — counts up the...
View ArticleStockland mulls demerger option
Stockland is believed to be closely scrutinising its $1.1 billion retirement arm, with suggestions that the country’s largest listed residential developer may be considering a plan to spin off the...
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DataRoom AM: Sectioning off Santos
DataRoomDealmakersDaniel PalmerSantos continues to draw the spotlight in the wake of last week’s bid for Oil Search, with expectations firming of significant asset sales before Christmas.Elsewhere, Oil...
View ArticleMelbourne defies home price falls
Housing prices fell last week in all but one of the mainland state capitals.The exception was Melbourne, where the repeat of 2014's early-spring dip ended a little earlier this year, with a rise of 0.3...
View ArticleCromwell, Charter Hall circle IOF
Cromwell Property and Charter Hall are circling the $2.3 billion Investa Office Fund in a move likely to result in the dismemberment of the listed trust’s parent, the Morgan Stanley-backed Investa...
View ArticleThe forces that could scuttle the apartment boom
IndustriesPropertyFlorence ChongIn a matter of weeks, the seemingly endless blue sky in Australia’s apartment development world has darkened.Stockmarket shocks across Asia and the en masse depreciation...
View ArticleHow the property sector could cave in on Turnbull
PoliticsNational AffairsRobert GottliebsenIn the massive Sydney apartment market a drama is taking place that will have a big effect on the fortunes of the new Turnbull government. And the same drama,...
View ArticleHockey cracks down on foreign property buyers
Treasurer Joe Hockey has ordered a number of foreign buyers of Australian real estate to sell their properties within a year.Mr Hockey said the properties in NSW, Western Australia, South Australia and...
View ArticleMore foreign buyers forced to sell homes
A crackdown on illegal investment in real estate has broadened, with almost 500 properties worth more than $1 billion in total under investigation and more foreign buyers forced to sell properties.The...
View ArticleAquis plans $330m casino revamp
Canberra Casino's owner is planning a $330 million makeover, including world class gaming, entertainment and retail facilities to give it a "wow" factor.The redevelopment is expected to lure an extra...
View ArticleRBA reiterates supply link to home prices
A new research paper from the Reserve Bank of Australia is likely to stoke the fierce debate about so-called property bubbles in Sydney and Melbourne by highlighting the key role that supply plays in...
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An omen for Australian house prices
IndustriesPropertyCallam PickeringWhat drives house price growth in the long-term? Does it reflect rising household debt or inadequate housing supply? A new research paper by Mario Kohler and Michelle...
View ArticleThird OPI director admits charges
On the day two former directors of a failed property finance company were sentenced over a dodgy prospectus and advertising, a third has admitted charges he was planning to defend.OPI Pacific Finance's...
View ArticleSuper Saturday auctions to test market
The soaring housing markets in Sydney and Melbourne will be put to the test next weekend as more than 2000 homes go under the hammer in the biggest auction weekend for September.Vendors will race to...
View ArticleAust Industrial REIT gets new bid
A consortium of offshore listed investors is seeking to trump 360 Capital with a rival offer for Australian Industrial REIT (ANI).Fife Capital Funds, the responsible entity for ANI, revealed today it...
View ArticleNew Hope looks to diversify
Tumbling commodity prices are prompting many global miners to spread their bets. However, few companies are going as far as New Hope --one of Australia's largest-listed coal miners -- in considering...
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