How Henry VIII kickstarted the age of industry
One of the most momentous events in modern history is the industrial revolution. No one doubts its significance in terms of its groundbreaking technological innovation and broader geopolitical impact:...
View ArticleFletcher Building sees mixed conditions
Fletcher Building has warned investors of a "mixed" outlook for construction activity in Australia but the dual-listed firm is predicting earnings will be stronger than last year, based on its...
View ArticleCommercial property on the rise
Sydney and Melbourne's home property markets might be coming off the boil, but commercial real estate is tipped to boom in those cities for at least another year.Results from an Australian Property...
View ArticleLJ Hooker’s $22m raising fires IPO hope
Real estate chain LJ Hooker, which is on course for a $400 million-plus initial public offering next year, has gathered $22m from investors in a pre-IPO capital raising — an early sign of the market’s...
View ArticleChinese whispers in the London property market
Chinese investors have walked away from some £2.5 billion ($5.3bn) worth of property deals in London in recent weeks, posing a multi-billion dollar question: are these exceptions, or do they signify an...
View ArticleAV Jennings shrugs off housing doubts
Home builder AV Jennings has reaffirmed its full-year construction outlook, stressing the Sydney and Melbourne housing markets still have plenty more to give.The house and land packages group shrugged...
View ArticleMortgage default risk rising
Australian housing affordability has "deteriorated significantly" over the last year, with Sydney's the worst in 14 years, increasing the default risk on home loans in residential mortgage backed...
View ArticleBanks warned over mortgage hikes
The major banks’ mortgage rate hikes have sent them down a risky path, opening the door to a repeat of the competition that crunched home loan margins in the 1990s when mortgage brokers stormed the...
View ArticleGoodman reiterates guidance
Property developer Goodman Group has reaffirmed its full-year earnings guidance after total assets under management rose in the first quarter.At the company's annual general meeting in Sydney today,...
View ArticlePerpetual steams in
Perpetual has emerged as a major backer of the McGrath Estate Agents’ initial public offering.McGrath, which is run and co-owned by veteran real estate agent John McGrath, will be the first real estate...
View ArticleA backdoor listing to disrupt the real estate market
The latest junior explorer to transform itself by offering a 'backdoor' listing to a non-mining firm hopes to disrupt the housing market by offering an alternative to traditional real estate...
View ArticleScentre sells three NZ malls
Scentre Group said it has agreed to sell three shopping malls in New Zealand, generating combined gross proceeds of $NZ549 million ($499 million). Scentre said it would sell the Westfield Glenfield...
View ArticleSeeking healthy cities: Peering beyond the market
Cities are the engines of the global economy, but as rapid urbanisation continues, we need to think differently and act in new ways to create healthy, sustainable cities.Key to this is looking beyond...
View ArticlePalmer rejected $32m offer
Clive Palmer has received offers including one of more than $30 million to walk away from his Sunshine Coast resort, despite his lawyers warning that the tycoon’s companies face a “drop-dead date”...
View ArticleRMBS resilent to property collapse
A 20 per cent crash in local property values would not dent most AAA-rated Australian mortgage bonds, says Standard & Poor's.Standard & Poor's cited the "particularly fast pay-down profile of...
View ArticleTriguboff's housing warning must be heeded
Australia's largest apartment owner and developer, Meriton's Harry Triguboff, has issued an Australia-wide danger alert to all those involved in the dwelling market including owners, buyers, banks and...
View ArticleHousing prices continue to cool
House prices in Australia are continuing to show signs of cooling, as out-of-cycle rate hikes from the big four banks and a regulator crackdown on loose lending starts to curb the speculative property...
View ArticleBuilding approvals beat expectations in Oct
The number of buildings approved surged in October, smashing economist forecasts, boosted by a substantial rise in apartment approvals.But the trend result for building approvals, which smooths out...
View ArticleHousing rents stall in November
Housing rents have notched up their slowest annual growth on record, but the new benchmark looks set to be lowered again before long.Rents stalled altogether in November, cutting annual growth in...
View ArticleCBA sees danger in low auction clearances
In most states, it was a dismal Saturday for auction clearances. In NSW, Queensland and WA, fear crept into the market. Against that background, part of an email from the Commonwealth Bank to private...
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