“Limited Valuation Support”: Analysts Downgrade Dexus
Dexus Property Group share price fell yesterday as investors bailed out in the wake of analysts at Morgan Stanley downgrading the securities to an underweight rating from overweight.
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Where To Now For The Residential Property Market?
The Agency Group (ASX:AU1) is one of Australia’s fastest-growing integrated real estate service companies, with approximately 280 real estate agents. The company recently released their Preliminary Final Report for the full year ended 30 June 2020.
Read MoreThree Reasons Why The Coronavirus Crisis Might Fix Australia’s Housing Affordability Crisis
The coronavirus hit to the economy is driving yet another cyclical downturn in property prices. But it could have a more lasting effect in improving affordability via a long tail of unemployment, lower for longer levels of immigration and a shift to working from home.
Read MoreScentre Group Follows Peers In Slashing Mall Portfolio Value
Australia’s largest shopping mall group, the Westfield mall owner Scentre Group is looking at a sharp fall in June 30 half-year earnings and will slash the value of its 42 shopping centres across Australia and New Zealand by around 10% or about $3.8 billion thanks to the impact of the COVID-19 pandemic.
Read MoreHousing Loans Post Historic Collapse In May
The looming housing crunch is happening with the value of new home loans fell $2.2 billion in May, the largest fall in the history of the series. Owner-occupier home loans have dropped 10.2% ($750 million) over the month, while investor only loan commitments fell by 15.6% ($1.4 billion) nationally, according to the Australian Bureau of Statistics.
Read MoreGPT Joins Vicinity In Devaluing Malls Portfolio
Property giant GPT Group has joined Vicinity Centres in writing down the value of its shopping centres. GPT joined Vicinity with more than half a billion dollars in preliminary cuts with the final figure to be released in August after a further revaluation on June 30.
Read MoreHouse Prices Hold Up With Worst Case Scenario Now “Unlikely”
Australian house prices dipped in May and look like continuing to edge lower in the next few months, despite the easing of restrictions on auctions and open house inspections.
Read MoreBuilding Approvals Surprise As Job Ads Crater
As has been expected job advertisements collapsed in April as lockdowns closed business across the economy and job support schemes emerged with delays to the actual handing out of money, but building approvals in March held up better than forecast, according to data released yesterday.
Read MoreWhat’s The Outlook For The Residential Property Market For The Rest Of The Year?
Chris Andrews, Senior Vice President and Chief Investment Officer of La Trobe Financial looks at the outlook for the residential property market for the rest of the year.
Read MoreCoronavirus Brings House Price Growth To A Halt
Fool’s paradise? Sydney and Melbourne house prices again rose strongly in March but there were more signs of a slowdown following tough restrictions on how real estate agents can sell properties during the coronavirus pandemic.
Read MoreThe Threat To Australian House Prices From Coronavirus
The coronavirus pandemic & associated shutdowns to economic activity now poses a significant threat to the outlook for property prices. The question is how big the threat is?
Read MoreThree Reasons Why Low Inflation Is Good For Shares And Property
With inflation low, and as long as recession is not imminent, it makes sense that traditional valuations like PEs are higher than their long-term average. Similarly, it makes sense that property yields are lower than normal, but the fall in Australian housing yields has been extreme relative to commercial property & shares.
Read MoreOffice Assets Put Dexus In The Box Seat
Strong cash flow, positive leasing spreads and lower debt costs are delivering superior returns for Dexus Property, which is currently enjoying a robust outlook for office and industrial assets.
Read MoreMirvac Dividend Higher As Valuations Drag On Profit
Securities in property group, Mirvac fell more than 3% yesterday after investors gave the interim result a thumbs down.
Read MoreGenworth Rides Residential Housing Revival
The recent upsurge in home lending in the closing months of last year has helped US-controlled mortgage insurer, Genworth to a sharp rise in December half-year premiums and earnings.
Read MoreCaution Surrounds House Price Rebound
At its meeting in Sydney today, The Reserve Bank will have noted the sharp rise in house prices in January as it hopes for the increases to flow through to help consumers feel more upbeat and confidence through the so-called wealth effect.
Read MoreAustralian Listed Real Estate Tables
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data.
Read MoreIs Dexus A Buying Opportunity?
Real Estate Investment Trusts (REITs) have performed well during 2019. With some looking quite expensive here, Dexus (ASX:DXS) is a stock which not only looks to be reasonable value here, but has a trading profile that indicates further upside.
Read MoreHow Important Is Home Ownership?
Home ownership has long been considered critical to building wealth in Australia. So, does it matter if young people are taking longer to get into the mortgage belt?
Read MoreBreaking Down The First Home Super Saver Scheme
In May 2017, the federal government announced their intention to help younger Australians saved for their first home by giving them the ability to build part, or all, of their deposit inside of superannuation. This initiative was appropriately named the First Home Super Saver Scheme.
Read MoreAustralian House Prices Back From The Abyss
The combination of rate cuts, the election and a modest regulatory relaxation have helped turn property prices back up, but the upswing is likely to be constrained.
Read MoreRate Cuts Spark Rebound In Housing Finance
A 5% increase in home loan lending in August, compared to July surprised a little on the upside yesterday as the two rate cuts from the Reserve Bank seem to have dragged new home buyers, investors and people looking to trade up back to the housing market.
Read MoreShopping Centre Pain Sinks Stockland
Diversified developer Stockland has been hit with a dose of reality from the weak retail sector, sagging housing market and soft apartment values.
Read More“Challenging”: Vicinity Centres Confirm Retail Recession
The decision by shopping centre operator, Vicinity to flog off more of its malls isn’t surprising given the sale late last year of 11 malls had no real impact on its weak returns which plunged more than 70% in the year to June and saw it cut its final distribution.
Read MoreShould Investors Squeeze Into The Co-Working Collaborative Zone?
Shared office space used to be just that: cheap digs for start-up enterprises. Now it’s a burgeoning property sub-sector.
Read MoreMirvac Shakes Off Property Slowdown With Solid Result
Mirvac’s securities enjoyed a very good day out yesterday in the wake of the property and retailing groups solid 2018-19 result.
Read MoreEast Coast Infrastructure: Worst Boom Ever?
While many listed companies have rolled out charts showing a mountain of work available, the infrastructure boom may not be the gift to Australian contractors the market is assuming.
Read MoreProperty Developer Villa World Agrees To Private Equity Buyout
Small Queensland residential developer Villa World has agreed to be taken over by private equity-backed Avid Property.
Read MoreSydney, Melbourne House Prices Rise Ahead Of RBA Meeting
The Reserve Bank monetary policy meeting in Darwin today will have a tiny bit of good news to consider (and ignore) – the slide in house prices again slowed last month with small rises being recorded in Sydney and Melbourne for the first time 21 months.
Read MoreGPT Mirrors Mirvac With $850m Cap Raising
Property group GPT is raising up to $850 million in a placement and share purchase plan for retail holders to help it lift its stake in the Darling Park and Cockle Bay Wharf complex in Sydney’s western CBD.
Read MoreMirvac Group Taps Instos With $750m Placement
Mirvac is raising $750 million through an institutional issue placement at $2.97 a share. The company will offer shareholders the right to take up a total of $75 million in new securities in addition to the larger raising.
Read MoreAustralian House Prices Getting Closer To The Bottom
The election outcome removed a key threat, but several other factors also suggest that property prices could be nearing a bottom. In this note, Shane Oliver looks at the key issues.
Read MoreInvesting With Impact And A Targeted 8.25%*pa Distribution Rate
The Specialist Residential Property Impact Fund provides institutional, wholesale and retail investors the opportunity to participate in an emerging market of disability housing, and to help deliver vitally important social outcomes for people with disabilities and their families and carers.
Read MoreBanks – Is The Worst Over? No.
Some brokers have started to upgrade their recommendations to “BUY” on the banks and believe that they represent value in and around these levels. I still strongly disagree.
Read MoreResidential Property Slide Shallows Out In April
For the second month in a row house and apartment prices fell sharply in April, but there were more tentative signs the slide is starting to slow down.
Read MoreCharter Hall Retail Well Placed For Acquisitions
Charter Hall Retail will acquire Rockdale Plaza, providing an opportunity for both non-rental income and improved mix of stores.
Read MoreBounce In Building Approvals Not All It Seems
We had another reminder yesterday why the monthly building approvals data from the Australian Bureau of Statistics are an unreliable indicator (and should not be taken all that seriously at times) of the strength or weakness in tracking what is going on at the front end of the home and apartment building chains.
Read MoreProperty Declines Lose Momentum In March
So did we see signs the current slide in house prices might be losing momentum in March? There was a tiny suggestion that February saw hints of a slowing in the rate of fall, but it would see the signs were a little more solid last month.
Read MoreHow Much More Downside For Property Values?
How much more downside is there left for property values? Where to now? Will the RBA only cut rates twice to 1.00% and all will be good again? Or will this just be the start of a deepening crisis?
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