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.
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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.
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Diversified developer Stockland has been hit with a dose of reality from the weak retail sector, sagging housing market and soft apartment values.
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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.
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Shared office space used to be just that: cheap digs for start-up enterprises. Now it’s a burgeoning property sub-sector.
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Mirvac’s securities enjoyed a very good day out yesterday in the wake of the property and retailing groups solid 2018-19 result.
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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.
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Small Queensland residential developer Villa World has agreed to be taken over by private equity-backed Avid Property.
Read MoreThe 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.
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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.
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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.
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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.
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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.
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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 MoreFor 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.
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Charter Hall Retail will acquire Rockdale Plaza, providing an opportunity for both non-rental income and improved mix of stores.
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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 MoreSo 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 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?
Read MoreFNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data.
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FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data.
Read MoreNow here’s a bit of nasty news for the Reserve Bank and others – the value of construction work done across Australia in the final three months of 2018 fell by a sharp 3.1% to $51.603 billion (seasonally adjusted) instead of rising by 0.4% as forecast by the market.
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FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data.
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A not unexpected weak result from Sydney real estate agency, McGrath for the six months to the end of December, and a not unexpected weak forecast of ongoing tough property market conditions in the short term, thanks to the uncertainty caused by the NSW and federal elections.
Read MoreAs expected home lending fell sharply in December to be down sharply for 2018 as a whole as loans for apartments and units fell steeply followed loans for owner-occupiers.
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As it suggested in a warning in December, developer and home builder, AV Jennings has reported a sharp slide in first-half earnings, cut its interim dividend in half, but expressed confidence it will do better in the second half of the 2018-19 financial year,
Read MoreFNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data.
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A Q&A on the Australian housing downturn: what’s driving home prices down; how far will they fall; what’s the impact on the economy.
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As 2018 draws to a close with continued volatility in global equity markets, consistent returns and solid long-term growth are becoming increasingly difficult to find. Steven Hall, Head of Direct Property at Australian-based fund manager Charter Hall, proposes Direct Property as an asset class that may fill that bill.
Read MoreFNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data.
Read MoreFor all the talk of a home lending slump, the October housing finance figures from the Australian Bureau of Statistics were something of a surprise – they rose, not fell as accepted wisdom in the market had them doing.
Read MoreTypically, a super fund cannot borrow as per the SIS Act, however by meeting specific criteria, the loan can be allowed and is designated a “limited recourse borrowing arrangement”.
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Is an Impact Investing opportunity that promises gross yields of 16% pa or more too good to be true?
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Heidelberg is located in the north-east local government area of Banyule and has emerged as a key growth suburb fuelled particularly by the burgeoning medical precinct of Austin Health encompassing the Austin Hospital, Heidelberg Repatriation Hospital, and the Royal Talbot Rehabilitation Centre.
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Capital city housing markets have generally eased but the key underlying drivers of the Melbourne housing market remain the strongest of all the capitals.
Read MoreFNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data.
Read MoreA weak interim profit lies ahead for struggling real estate agency McGrath which yesterday reported a small loss for the first quarter of 2018-19 and all but admitted the company will not make a profit for the year to June 30 on an after-tax basis.
Read MoreFNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data.
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