ICPF in bid for Investa rights
Investa Group’s $3 billion unlisted office landlord, ICPF, will submit an offer to Morgan Stanley to buy out its management rights at the end of the week, paving the way for a break-up of the real...
View ArticleAventus seeks $303m from investors
Billionaire retail entrepreneur, Brett Blundy, has relaunched the initial public offering of his property company, Aventus, and is hoping to tap public market investors for $303.3m.The overhauled float...
View ArticleHome values rise 0.9% in September
Capital city home values have grown 0.9 per cent, led by a 2.4 per cent surge in Melbourne.September's rise in home values, reported by CoreLogic RP Data, pushed the annual rate of home price inflation...
View ArticleIMF backs Aust loans crackdown
The International Monetary Fund has thrown its support behind the banking regulator’s crackdown on lending to property investors, arguing measures may need to be “intensified” unless the housing...
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A housing market alert from the IMF
EconomyAustralian NewsCallam PickeringWith residential construction rising at a rapid pace, and APRA putting downward pressure on investor lending, the housing market could be poised for a change in...
View ArticleNew home sales rise, apartments fall
The tapering of Australia's apartment building boom has been hinted at again in fresh data, which shows that after months of lagging behind, sales of detached houses drove new home sales higher in...
View ArticleHouse prices to fall from March: Macquarie
House prices will head downhill from March 2016, according to Macquarie, with researchers saying the Australian housing cycle has peaked on a number of metrics.“Credit growth, auction clearance rates,...
View ArticleGenworth shares rise on CEO exit
Shares in mortgage insurer Genworth have ticked higher despite news that its chief executive Ellen Comerford is retiring.Genworth announced late on Friday that Ms Comerford was stepping down from her...
View ArticleHousing prices up amid supply jump
Housing prices rose in Australia's mainland state capitals last week, despite a flood of homes coming onto the market.The average price of homes sold in the week ending Sunday was up 0.2 per cent from...
View ArticleInvestors back ANI takeover
Tony Pitt’s 360 Capital Group has won investor backing to finally take control of the Australian Industrial REIT (ANI) in a move that will create a near $1 billion industrial property vehicle.The 360...
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A housing market fall could hit the sharemarket
Business SpectatorMarketsDavid RogersMacquarie and Credit Suisse are among those predicting a residential property market downturn in Australia, nothing serious, but a potential fall in prices that...
View ArticleRBA welcomes house price slowdown
A senior Reserve Bank official has welcomed slowing rates of property price growth and is hoping for a soft landing for the housing market.Amid growing fears a property bust could spur a recession, RBA...
View ArticleASIC probes Chinese mortgage brokerage
A Melbourne-based Chinese mortgage broking firm has agreed to change website and print ads that claimed a "100 per cent success rate" and that it could match interest rates offered by all the...
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The biggest loser from a house price crash
IndustriesPropertyMiranda MaxwellEvery day, more analysts are calling a top to Australia’s property price boom and predicting price falls out to 2017.Macquarie Research calculates a 7.5 per cent fall...
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Keeping foreign criminal funds out of Australian property
IndustriesPropertyLouis de KokerABC’s Four Corners program this week highlighted concerns that Chinese criminal funds may be propping up Australia’s real estate market. Why is Australia’s anti-money...
View ArticleNAB home loan rates under review
National Australia Bank boss Andrew Thorburn says the banking giant's mortgage rates are under review after Westpac moved to lift owner occupier home loan rates.Westpac on Wednesday said it would lift...
View ArticleCaledonia bids $770m for ALE pubs fund
Funds house Caledonia Investments has kicked off the next phase of the consolidation in the $65 billion Australian real estate investment trust sector lobbing a hostile takeover bid for the ALE...
View ArticleMorrison to discuss housing with states
Housing affordability and competition law are two key areas Treasurer Scott Morrison wants to discuss with his state and territory counterparts.Little more than a month after taking over from Joe...
View ArticleMorrison eyes housing affordability
How to make housing more affordable will be the focus of talks between federal Treasurer Scott Morrison and his state counterparts in Sydney on Friday.Mr Morrison says he wants the discussion to go...
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Contrarians reckon it's time to buy stocks
During periods of crisis, top-down macroeconomic issues tend to drive stock market returns more than company-specific factors. The surprising conclusion of Credit Suisse’s latest market outlook is that...
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