Mirvac reaffirms FY guidance
Mirvac says its strong performance in the first-quarter positions it well to achieve its full-year targets, as the company eyes improved conditions across investment grade sectors.In its first-quarter...
View ArticleHousing market tipped to soften further
Australia’s housing market is expected to soften further, with price growth and rents scaled back in most states, according to a sentiment survey released by National Australia Bank.Queensland has...
View ArticleTighter credit weighs on new home sales
New home sales have suffered their largest fall this year as banks tighten requirements for mortgage customers.Housing Industry Association data show that new home sales fell four per cent in...
View ArticleUK mortgage credit hits new pre-recession high
UK mortgage lending hit another pre-crisis high in September, adding to the signs the British property market is being boosted by a cocktail of low interest rates, higher earnings and a shortage of...
View ArticleInvesta weighs move on rights
The listed Investa Office Fund is yet to decide whether it will join with the Investa Commercial Property Fund to jointly buy the management rights of the entire $9 billion Investa Office platform.The...
View ArticleSydney houses 'significantly overvalued'
The world's most at-risk cities for a housing bubble are Hong Kong and London, but Sydney is not far behind, a new report has suggested.The UBS Global Real Estate Bubble Index found property prices in...
View ArticleHome affordability slides further
Housing affordability has deteriorated further due to sluggish wages growth and soaring house prices in Australia's two largest cities.The Housing Industry Association's affordability index for the...
View ArticlePerth house prices continue to fall
Perth house prices have fallen more than four per cent in the past three months as the resources capital continues to feel the effects of the mining downturn.The median house price in the West...
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The roots of Sydney and Melbourne's housing crisis
The ConversationThe shortage of affordable separate housing in Sydney and Melbourne means that most first home buyers and renters cannot currently find housing suited to their needs in locations of...
View ArticleHouse price growth under pressure
Some of the heat continues to come out the Australian property market as new data shows the pace of housing price growth continues to come under pressure from record-low rental yields. The latest...
View ArticleBuilding approvals bounce 2.2%
The number of buildings approved in September has jumped at twice the pace of economist forecasts, according to official figures, but the trend rate for approvals, which smoothes out volatile figures,...
View ArticleMcGrath IPO priced at up to $2.25
McGrath Estate Agents is selling shares in its float at between $1.80 and $2.25 each, creating a real estate chain with a market value of between $254 million and $295.7m.The pricing equates to between...
View ArticleMcGrath receives near $300m valuation
McGrath Estate Agents is selling shares in its float at between $1.80 and $2.25 each, creating a real estate chain with a market value of between $254 million and $295.7m.The pricing equates to between...
View ArticleBanking on mass digital migration
REA Group’s takeover of iProperty Group offers the property portal a chance to relive its stellar success in Australia all over again in South East Asia.The deal, which values the target at $751...
View ArticleDefence chief backs keeping housing body
Defence force chief Mark Binskin has backed keeping Defence Housing Australia in public hands to ensure it continues to provide quality housing for defence personnel.Air Chief Marshal Binskin said DHA,...
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Unassuming Hobart grabs the spotlight
“Gross rental yields at record lows and affordability constraints are acting as a disincentive, particularly in Sydney where the median unit price is equal to, or higher than the median house price in...
View ArticleStockland flags $377m development
Stockland will spend nearly $400 million expanding its Green Hills shopping centre in Maitland, in a renovation that will double the size of the centre and bring David Jones to the Lower Hunter...
View ArticleConstruction boom boosts CSR
Building products supplier CSR is revelling in the Australian housing construction boom, logging a lift in its interim profit, and flagging continued solid growth.Net profit after tax rose to $77.6...
View ArticleScentre reaffirms guidance
Scentre Group appears on track for a strong first full-year independent of Westfield, unveiling a strong lift in sales in the nine months to September and reiterating its guidance.Speciality store...
View ArticleChinese property developers team up for local deals
One of China’s biggest property developers, Country Garden, has thrown the door open to expanding its Australian portfolio in conjunction with China’s second-largest insurer, Ping An Insurance.The...
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