Government to Build 100,000 Affordable Rental Properties and Kick-Start Housing Construction Reform
The Australian Government today formally established a significantly expanded National Rental Affordability Scheme.
Read moreThe Australian Government today formally established a significantly expanded National Rental Affordability Scheme.
Read moreI refer to the ASX’s letter dated 26th February 2008. A.B.C. Learning Centres Limited (“Company”) sets out below its responses to the specific queries raised in your letter.
Read moreHalf Year Results – “Disciplined strategy leads to improving opportunities”
ING Office Fund (IOF or the Fund), today announced an operating profit of $140.4 million for the six months ended 31 December 2007.
Read moreThe Westfield Group (ASX:WDC) today announced its full year results, reporting operational segment earnings for the year ended 31 December 2007 of $1.79 billion, up 11.6% over the prior year. This represents 96.12 cents per security, an increase of 6.0% on a constant currency basis.
Read more* Solid performance from diverse operations across 13 countries
* Proven funds platform, raising A$1.2 billion of equity and debt in 2H08
* AUM of A$20.5 billion, diversified by sector, geography and business line
* Continued focus on integration and consolidation of Australasian, European and UK platforms
Macquarie CountryWide Trust (ASX: MCW) today announced a 2.5 per cent increase in distributable earnings to A$97.7 million for the six months to 31 December 2007, representing 7.35 cents per unit. Earnings before losses on asset sales were 7.76 cents per unit. The Trust distributed 7.80 cents per unit to investors on 22 February 2008.
Read morePelorus Property Group (ASX Code: PPI), which has initiated a bid to take over management of one of Centro’s unlisted property syndicates, Centro MCS16, has today released its half year results.
Read moreAspen Announces Strong Half Year Result
Aspen Group (ASX: APZ) is pleased to report a strong performance for the half year to 31 December 2007, with the Group’s underlying net profit after tax up 63% at $19.0 million. Contributions across all business divisions have combined to produce this result, leaving the Group well placed to record a strong full year performance.
Read moreGalileo Japan Funds Management Limited (‘GJFML’), the responsible entity for the Galileo Japan Trust (the Trust) is pleased to provide details of the Trust’s interim result for the period ended 31 December 2007.
Read moreDB RREEF Trust (ASX: DRT) today announced it had acquired Deutsche Bank’s 50% interest in its management company, DB RREEF Funds Management Ltd, and rebranded to DEXUS Property Group.
Read moreCentro Properties Group (Centro) announced today that its financiers both in Australia and the US have further extended finance arrangements as follows:
Read moreCopyright of home designs will come under scrutiny this year in the courts, after Australia’s eleventh biggest home builder, Porter Davis, launched another round of legal action against the third biggest, Metricon.
Read moreFINANCIAL HIGHLIGHTS
* Half year net profit after tax of $388.4 million, an increase of 86.4 per cent
* Half year operating profit after tax of $215.0 million, an increase of 41.2 per cent
* Half year distribution of 16.45 cents per stapled security, an increase of 3.1 per cent
* 5.8 per cent rise in NTA per stapled security to $4.02 from $3.80 as at 31 December 20061
* Activities under control increased from $26.3 billion at 30 June 2007 to $27.8 billion
* Gearing reduced to 29.8 per cent2
Leading Australian property finance and investment group, Ashe Morgan Winthrop, has announced the appointment of two new senior executives directly supporting the managing director, Michael Rothner.
Read more Confirms FY08 guidance of 5% EPS growth
Stockland delivered a strong performance for the half year ended 31 December 2007
(1H08), recording a net profit attributable to security holders of $672.5 million, including
property revaluations and other non-operating items.
HEADLINE RESULTS
Operating profit* increased by 10.7% to $324.6 million.
Earnings per security* increased by 4.2% to 22.4 cents
Dividend/distribution per security increased by 5.1% to 22.6 cents#
* (before certain significant items)
Macquarie Group Limited (Macquarie, ASX:MQG) Managing Director and Chief Executive Officer Allan Moss said today that subject to market conditions, Macquarie’s profit for the year to 31 March, 2008 is expected to be at least $A1.8 billion, which would be 23% up on the prior year.
Read moreThe roaring pace with which the commercial property markets developed momentum in the final months of 2007, has come to a grinding halt, as the full effects of interest rate rises, share market volatility and a dip in business and consumer sentiment takes its toll on a stunned market.
Read moreSpeaking to a full house at a Urban Development Institute of Australia function at Crown Casino last Friday, St George Bank Head of Economic Research Steven Milch said he expects the Reserve Bank of Australia to lift official interest rates when it meets this week, despite the US Federal Reserve continuing to cut rates in the United States.
Read moreAllco Principals Investments Pty Ltd (API), a wholly owned subsidiary of the Allco Principals Trust (APT) holds 45,802,729 shares in Allco Finance Group (AFG) as previously advised in the substantial shareholder notice dated 5 April 2007. These shares are secured in favour of four margin lenders.
Read moreAt its meeting yesterday, the Board decided to leave the cash rate unchanged at 6.75 per cent. As part of wider changes to communication practices which the Board has adopted (see separate announcement on communication), it was further decided that a statement explaining the decision would be released.
Read moreThe Commonwealth Bank today announced that as a result of increased wholesale funding costs in financial markets it is lifting interest rates on its variable home loan by 0.10 per cent per annum to 8.67 per cent per annum (8.79 per cent per annum Comparison Rate*).
Read moreThe Real Estate Institute of Australia (REIA) has released its annual summary of the residential and commercial real estate market today, providing a unique insight into what the market has done over the 2006-07 financial year.
Read moreThe median price for a house in Melbourne surged 25 per cent in 2007, to $463,488, making it the fastest growing of all Australian capital cities, according to new research by Australian Property Monitors.
Read moreThe GPT Group is pleased to announce the establishment of GPT Halverton’s Dutch Active Fund (DAF), following the successful completion of the first equity raise for the Fund. A total of €83 million of equity was raised for the Fund, which attracted a number of institutional European investors.
Read moreRising interest rates will once again haunt the newly elected Labor Government, with speculation the Reserve Bank of Australia will lift the official rate again next month – for the third time in six months.
Read moreA new study measuring housing affordability in 227 cities around the world has found that Australia and New Zealand are the least affordable places to buy a home.
Read moreAndrew Scott has today resigned as Chief Executive Officer and as a director of Centro.
Read moreA new survey released this week suggests business travellers could pay up to 14 per cent more for hotel rooms in Sydney, and up to 4 per cent in Melbourne for their local accommodation.
Read moreMore than 35 property industry players including former Colliers International chairman Bill McHarg, Jones Lang LaSalle managing director Andrew Wood and Becton chief executive Hamish MacDonald will ride their push bikes from Canberra to Melbourne to raise money for the Starlight Foundation and Monash Newborn Intensive Care Unit.
Read moreLadies and gentlemen.
Welcome to the fourth Annual General Meeting of the Green Building Council of Australia.
My name is Tony Arnel, and I am Chair of the Green Building Council of Australia and Chair of this meeting.
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