New Year Sees Building Approvals Cool Off
The heat went out of home building approvals in January as the Federal Government’s Home Builder program was wound back a notch or two.
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Lend Lease Profit Falls 37%, Dividend Halved
Global construction and infrastructure giant Lend Lease has halved its interim distribution after reporting a 37% slide in earnings for the six months to December.
Read MoreSeven Things to Bear in Mind about the Australian Property Market
Australian house prices are on the upswing again. In this week’s Insight’s column, AMP Capital’s Shane Oliver presents seven things to keep in mind when dealing in this trickiest of areas.
Read MorePublic Policy Among Many Tailwinds for Infrastructure
Many factors – from a high-growth, low-inflation, low bond yield environment to climate change initiatives, electric vehicle adoption and grid resilience – are lining up as tailwinds for infrastructure portfolios.
Read MoreGPT Hit Hard, Slashes Payout
A “challenging year” for property giant GPT has forced it to make huge writedowns and cut its dividend by more than 25% from the previous period.
Read MoreShort-Term Uncertainties Weigh On Mirvac
The timing of residential developments and re-leasing of office space are uncertainties confronting Mirvac Group. Is this why guidance was underwhelming?
Read MoreRecovering Foundations for Infrastructure
Demand for digital infrastructure and recent commitments from governments around the world have once again piqued investor interest for infrastructure.
Read MoreDexus Still Flailing in the Face of Property Weakness
Continued weakness in property values thanks to the pandemic have seen Dexus’ earnings more than halve in the half year to December.
Read MoreIncorporating ESG Analysis in Infrastructure Investing
Leveraging in-depth knowledge of infrastructure as a unique asset class is the best way to fully capture sustainability in an investment process, says ClearBridge Investments’ Shane Hurst.
Read MoreHousing Data Finishes 2020 in Fine Style
Another boom month in what turned out to be a boom year for housing construction and finance. After COVID, who woulda thunk that?
Read MoreBlueScope On Top Of The Housing Boom
Sales from the mills of BlueScope Steel are going gangbusters, auguring well for the outlook over FY21. Are there any clouds on the horizon?
Read MoreRBA Set to Stand Pat on Strong Housing Hand
News Monday that confirmed housing is booming with house prices starting 2021 on the up and housing finance ending 2020 very much on the up is unlikely to change thinking at the RBA for today’s first policy meeting of the year.
Read MoreProperty vs. Sharemarket: The age-old debate
Whilst interest rates are at record lows and are likely to remain there for several years, should you be taking advantage of the current market environment by investing in property or investing in the sharemarket?
Read MoreGlobal Property Securities – 2021 Outlook
The global property securities team at First Sentier Investors share their macro outlook for the sector in 2021.
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A Smoother Path to Infrastructure Spending
The election of Joe Biden as U.S. president and Democratic control of both the House and the Senate should further boost the focus on infrastructure spending.
Read MoreInfrastructure Outlook: Greater Outlays to Boost Growth
Encouraging developments on the vaccine front late in 2020 and advances in the world’s ability to manage infection rates while still working, learning and spending are positive signs for 2021, and we are constructive on the outlook for global listed infrastructure for several reasons.
Read More3 trends driving real estate investments in a post-pandemic economy
Office real estate is undergoing a fundamental shift, while COVID-19 has accelerated a number of global real estate investment trends
Read MoreOctober Building Approvals In Surprise Increase
Building approvals continue to surprise on the upside – rising a seasonally adjusted 3.8% to a 20 year high in October from September against a market forecast for a 1% fall after September’s big 15.4% jump.
Read MoreGPT Sells Down Sydney Landmark Farrer Place
It is only one deal and it is only the sale of an equity interest in one CBD building in Sydney, but seeing it’s being done by GPT, one of the country’s major office building owners and managers, it will be treated as a potential signal that 2021 could be a turning point and signal the start of a tough period for this property class in the wake of the COVID-19 pandemic and the changes it is forcing on economic activity.
Read MoreThe benefit of real asset investment through syndication
It’s time to examine emerging sub-classes of assets that could provide better income and capital growth.
Read MorePayroll Relief, Property Tax Reform Headline NSW Budget
Is this a lead for the rest of Australia’s states (not the ACT which has changed the way it taxes property)? The 2020-21 NSW budget will make dramatic changes to homeownership costs once changes to replace the much-hated stamp duty are worked out.
Read MoreProperty: On the nose or smelling like a bargain?
It can take guts to voice unpopular views. Last Thursday, about 20 minutes into our team’s 9am weekly distribution meeting, I recalled someone voicing what everyone else was thinking, that “property is just on the nose right now”.
Read MoreHouse Prices Edge Higher As Building Approvals Surge
Australian building approvals strengthened to a 19 month high in September as the green light for new private housing and apartments saw its largest monthly rise this year.
Read MoreThinking outside the box
The concept of using the home to release capital is not new; there have been variations around this concept for years. But for whatever reason none has really caught the public’s imagination. We suspect that’s about to change.
Read MoreUpbeat Dexus Promises Distribution, Defies Bearish Outlook
Dexus, has seemingly shrugged off the impact of the pandemic with a series of new leases and a further push into funds management (which is aimed at offsetting over time the concentration on CBD office buildings) by selling off unwanted existing assets.
Read MoreJob Vacancies Rebound While House Prices Hold Up
Two interesting developments from the economy yesterday. The number of job vacancies in Australia bounced back strongly in the three months to August, while house prices are not as weak as many pundits had predicted.
Read MoreApartments Drag But Housing Approvals Continue To Improve
More solid news from the housing sector in the shape of the August building approvals data from the Australian Bureau of Statistics. After July’s strong rise, residential approvals steadied in August following the relaxation of COVID-19 related restrictions in most states and territories, according to the ABS.
Read More“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.
Read MoreWhere 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.
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