The players muscling in on the banks' real estate turf
New funding sources are beginning to nibble away at the major banks’ virtual monopoly on Australia’s $232-billion commercial real estate (CRE) mortgage market.Apart from crowd-sourcing, peer-to-peer...
View ArticleHousing market vulnerable: survey
More than two thirds of Australians believe the housing market is vulnerable to a correction - but most aren't expecting it just yet.Sixty-eight per cent of people surveyed for a CoreLogic RP Data -...
View ArticleHouse prices fall in Perth's premier areas
House prices in Perth's most sought after suburbs have fallen sharply as the mining downturn rolls on.The city's prestigious waterfront suburbs have been the hardest hit as the number of dwellings on...
View ArticleREA Group revenue jumps 21%
REA Group’s first quarter revenue has jumped 21 per cent, prompted by growth for higher priced advertising products and strong property listing volumes.Revenue climbed to $146 million for the three...
View ArticleCommercial property posing risks
Rising lending to investors in Australian commercial property poses a potential danger to financial stability although the risk appears manageable for the time being, the assistant governor of the...
View ArticlePalmer resorts to a dash for some cash
The day before the Melbourne Cup, one of Australia’s biggest corporate gamblers, Clive Palmer — a daring risk-taker across business, politics and litigation with a few huge windfalls offset by a string...
View ArticleHousing sentiment starting to turn: Edey
Sentiment in Australia’s key housing markets appears to be turning, according to a key Reserve Bank official.Malcolm Edey, the RBA’s assistant governor, said the level of investor activity in the real...
View ArticleHouse price boom not over yet
The housing price booms in Sydney and Melbourne are not over yet - but probably will be within a year, according to a survey of property market professionals.The survey by the NSW division of the...
View ArticleMcGrath a big draw
It appears that advisers behind the float of McGrath Estate Agents may have defied their critics.There are suggestions they are planning to accelerate the timetable of the real estate agency’s initial...
View ArticleHome loan approvals rise in September
Home loan approvals rose for the fourth consecutive month in September, exceeding analyst expectations despite a slump in investor lending.The number of approvals rose 2 per cent in the month, against...
View ArticleProperty director sentenced to 4.5 years
The director of a Melbourne property company has been sentenced to more than four years' jail for dishonestly using investors' money and wiping out their life savings.Anthony Nicholls, 63, has been...
View ArticleLend Lease tapped for arena facelift
The company that was to build Melbourne's dumped East West Link has won a $338 million contract to give Rod Laver Arena a facelift.Lend Lease will build the upgrade of the nation's premier tennis...
View ArticleMcGrath Estate Agents prices IPO
McGrath Estate Agents’ cashed-up position and opportunities to expand in a highly fragmented industry are said to be what have attracted investors to the first Australian float of a residential real...
View ArticleRaptis plots rise from the ashes
Former high-flying Gold Coast tycoon Jim Raptis says he is relisting his company out of an obligation to former shareholders and creditors, five years after it collapsed owing nearly $1 billion.Mr...
View ArticleThe housing market that's ringing alarm bells
The New Zealand central bank’s worries about the rampant housing market in Auckland just ticked up a notch, warning yesterday of the risk of a “damaging correction” that could have serious economic...
View ArticleWestfield reports 'strong' quarter
Westfield Corporation has posted a lift in its average speciality store rent amid a "strong" operating performance in the third quarter.The result came as the group announced its $US1.6 billion worth...
View ArticleMirvac picked for Sydney tech hub project
A Mirvac-led consortium has been selected to revitalise an inner-Sydney technology precinct into a hub which will include subsidised space for startups and a "local village".The $1 billion renovation...
View ArticleAtlassian lashes out at tech park decision
Atlassian chief executive Scott Farquhar has taken a swipe at the decision to select a Mirvac-led consortium to revitalise an inner Sydney technology precinct.The software darling of Australia's tech...
View ArticleLend Lease alert to property change
Lend Lease says it is closely monitoring property indicators "for a change in the cycle" but the property and development company says it remains confident in its business outlook.At its annual general...
View ArticleMirvac back in the race
The seemingly endless struggle to resolve the fate of one of the largest landlords in the country, the Morgan Stanley-backed Investa Property Group, looks set for another dramatic twist as Mirvac...
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