RHG full-year profit falls
By a staff reporterHome loan provider RHG Ltd posted a fall in full-year profit and said it expects future years' profits to be materially lower as its mortgage book is now closed. The group's net...
View ArticleLeighton closes Winten deal
By a staff reporterLeighton Holdings Ltd has sealed a deal for a $400 million North Sydney high rise development, with completion scheduled in the first half of 2016.In a statement to the Australian...
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KGB: Stockland's Mark Steinert
IndustriesPropertyRobert Gottliebsen & Stephen BartholomeuszNo carousel of other videos after the video ends.Stockland chief executive Mark Steinert tells Stephen Bartholomeusz and Robert...
View ArticleNew Zealand's bold move against the housing bubble
Business SpectatorEconomyStephen KoukoulasThere have not been many instances in the past decade or so where economic policy changes in New Zealand have presented a template or lead for Australia. After...
View ArticleKGB TV: Stockland's Mark Steinert
Channel: Business TVCategories: IndustriesPropertyKGB TV: Stockland's Mark Steinert Stockland managing director and chief executive Mark Steinert is confident that the Australian housing market is...
View ArticlePutting a lid on property exuberance
IndustriesPropertyRobert GottliebsenThe efforts to stop “the mother of all housing booms” are intensifying. Australia’s biggest apartment builder and owner, Harry Triguboff, has seen a seven per cent...
View ArticleCharter Hall FY profit jumps
By a staff reporterCharter Hall Group Ltd is tipping flat operating earnings for the current year as it eyes Australian acquisitions, after posting a jump in full year net profit. Charter Hall...
View ArticleInvesta FY jumps despite poor market
Investa Office Fund Ltd says that business confidence is weak and investment in property has been delayed due to political uncertainty, describing demand for prime office space as below average and...
View ArticleAPN quells Australand speculation
By a staff reporterAPN Property Group Ltd has moved to calm speculation about its possible bid for the Australand Wholesale Property Fund No. 6.In a statement to the Australian Securities Exchange, APN...
View ArticleUS home sales near 4-year high
Dow JonesSales of previously owned homes rose to their highest level in close to four years, possibly reflecting a spike in activity as buyers look to close deals before mortgage rates rise further....
View ArticleUnion reforms needed: Fletcher
Earnings from building products manufacturers have illustrated the extent to which Australia's housing construction sector is struggling to achieve its hopes for a full recovery.Firms such as Boral...
View ArticleMirvac chair to resign: report
Mirvac Group chairman James MacKenzie is expected to announce his resignation when the firm announces its full-year results Friday, according to The Australian Financial Review.The move would come...
View ArticleCourt battle looms for Packer
AAPJames Packer's $570 million six-star hotel plan for Perth is a step closer to becoming the subject of a Supreme Court challenge by local residents.A Supreme Court ruling has told 23 Burswood...
View ArticleMirvac rises on strong outlook
By a staff reporterInvestors have welcomed Mirvac Group Ltd's plans to continue to focus on delivering disciplined growth in the year ahead, after it posted a fall in full-year net profit.At 1205 AEST,...
View ArticleLend Lease FY profit jumps
By a staff reporter Lend Lease Ltd is tipping earnings growth over the next three years after recording a solid jump in full year net profit but is warning on a weakening domestic construction market...
View ArticleResimac sweetens RHG takeover bid again
By a staff reporterResimac Ltd has again sweetened its takeover bid for RHG Ltd, formerly RAMS Mortgage Corp, in an attempt to stymie a rival bid put by Pepper Australia and the target's largest...
View ArticleAbbott's snap art market restoration
IndustriesPropertyRobert GottliebsenIn the last few days I have been in the company of people very close to the art community. I have never seen them looking so happy.They have reason to believe that...
View ArticleUS new home sales fall sharply
Dow JonesSales of newly built homes fell sharply in July to the lowest level in nine months, heightening worries that higher mortgage rates will slow the housing recovery. New-home sales fell by 13.4...
View ArticleFed official defends US home sales
Dow JonesThe steep drop in new United States home sales in July is not necessarily an indication that the housing recovery is slowing, said John Williams, president of the San Francisco Federal Reserve...
View ArticleMacKenzie in tax dispute: report
Outgoing chairman of Mirvac Group Ltd, James MacKenzie, may be forced to pay hundreds of thousands of dollars to settle a tax liability arising from his directorship of the property group, The...
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