Occupancy down in key Australian hotel markets: ABS
In the latest release from the ABS for the September quarter 2008, the overall trend is a widespread fall in occupancy in Australia’s hotel markets.
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Tips to Take Charge of Your Mortgage
Mortgage Choice hopes to restore some consumer confidence in the New Year with top tips to help Australians take charge of, and better manage, their mortgage in 2009.
Read moreStockland Sells Four Shopping Centre Sites For $44 Million
Stockland today announced the conditional sale of four retail development sites to a private development group for a total consideration of $44 million.
Read moreMacquarie DDR Announces Strategic Review
The Board of Macquarie DDR Management Limited, Manager of the Macquarie DDR Trust (ASX:MDT) today announced it will initiate a strategic review of MDT with the specific objective of seeking to maximise unitholder value, which may include realising assets and returning capital to unitholders.
Read moreRBA Drops Cash Rate to 4.25 Per Cent at December Meet
The Reserve Bank of Australia (RBA) today announced the Official Cash Rate will drop 100 basis points.
Read moreLand Release the Key, Says HIA and RP Data
HIA, Australia’s largest building association and RP Data, Australia’s leading property information service have formed an alliance to produce a new land report that will help fill the gap in understanding of vacant land markets across Australia.
Read moreMajority of ABC Learning Centres to Continue Trading in 2009
The Receiver of ABC Learning Centres Ltd, Mr Chris Honey of McGrathNicol, has written to ABC parents and staff today confirming that a majority of the Group’s child centres will continue operating in 2009.
Read moreStockland Acquires 12.7% Interest in GDP
Stockland has acquired a 12.7% strategic stake in GPT Group at a volume weighted average price (vwap) of $1.07.
Read moreMariner Investors to vote on ReCap Deal
Mariner Financial Limited will ask investors at an Extraordinary General Meeting on November 7 to vote ‘yes’ and install Real Estate Capital Partners (ReCap) as the responsible entity for three of its funds.
Read moreStockland Acquires 5% of FKP For $80 Million
Stockland has today acquired a 5% stake in FKP stapled securities via a share placement and will acquire a stake of up to around 13% through the partial sub-underwriting of a rights issue.
Read moreHIA Welcomes Federal Government Move to Increase First Home Buyers Grant (FHOG)
HIA, Australia’s largest building association has welcomed the decision to triple the First Home Owners Grant (FHOG) for purchases of new housing.
Read moreLend Lease Announces Staff Changes
Lend Lease Corporation Limited (“Lend Lease”) today announced that Chief Operating Officer, Ross Taylor, will step down from his role and will be leaving the corporation later this year. He will resign from the Board as an Executive Director effective immediately. The Board has also decided that the role of Chief Operating Officer will not be filled pending resolution of the current CEO search process which was announced to the market on 21 August 2008.
Read moreReserve Bank Drops Interest Rates a Full Percent
At its meeting today, the Board decided to lower the cash rate by 100 basis points to 6.0 per cent, effective 8 October 2008.
Read moreOctaviar Goes Into Voluntary Administration
Eight months after Octaviar shares were suspended from trading on the Australian Stock Exchange, and the company was rebranded from MFS, the troubled investor and funds manager has gone into voluntary administration.
Read moreRudd Government Announces Housing Affordability Fund
The Rudd Government today launched its five-year, $512 million housing affordability fund in Canberra.
Read morePeet & Co Makes Announcement: Brookland Greens Estate, Cranbourne
The Brookland Greens estate in Cranbourne Victoria is managed and marketed by Peet Limited on behalf of the Peet & Co Casey Land Syndicate Limited.
Read moreSoft Housing Market in First Half of 2008
The Mortgage Choice/REIA Real Estate Market Facts released today has reported that the Australian weighted average median house price increased from $458,977 in the March quarter 2008 to reach $459,216 in June quarter, an increase of 0.05% over the quarter, and an increase of 6.0% over the year.
Read moreStatement by Glenn Stevens, RBA Lowers Cash Rate to 7 Per Cent
At its meeting today the Board decided to lower the cash rate by 25 basis points to 7.0 per cent, effective 3 September.
Read moreInnovation the Loser in Copycat Ruling, Says Builder
Australia’s third biggest home builder, Metricon Homes, has warned that the house design industry will be the loser in a decision by the High Court to refuse an application to appeal against a 2007 ruling that found the builder copied part of its home design from rival Porter Davis Homes.
Read moreGerard Warrener Prestige Property Photo Book
It started as a one-off coffee table book and has since become a much- anticipated annual series.
Read moreAppointment of REIA CEO
The Real Estate Institute of Australia (REIA) has announced the appointment of its new Chief Executive Officer, Mr Neil Fisher. Mr Fisher was appointed after an extensive nationwide selection process and REIA President Noel Dyett has welcomed his appointment.
Read moreRESIGNATION OF CEO REIA BRYAN STEVENS
Real Estate Institute of Australia CEO Bryan Stevens has resigned his position after almost seven years of service as CEO of Australia’s national association for the real estate profession. Mr Stevens will take up an appointment as CEO of the Pharmaceutical Society of Australia.
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Supply constraints, stamp duty the major impediments to housing affordability
‘The Senate Committee on Housing Affordability has produced a well-argued report on many of the issues driving housing affordability problems in Australia,’ says Real Estate Institute of Australia (REIA) President Noel Dyett.
Read moreHousing Hurting
The Australian weighted average median prices for houses and other dwellings have experienced their largest quarterly fall compared with previous quarters for the past five years, according to the Mortgage Choice/REIA Real Estate Market Facts released today. The Australian weighted average median house price decreased from $471,300 in the December quarter 2007 to reach $458,488 in March quarter 2008, a decrease of 2.7% over the quarter. The Australian weighted average other dwelling price also decreased by 2.7% over the quarter to $355,297.
Read moreEnough reports  let´s have action on property spruikers
‘The release of the Green Paper on Financial Services and Credit Reform by the Government is welcome, but it’s now time for action on property spruikers. The result of this consultation process must not be yet another report to be filed away on dusty parliamentary library shelves. Consumers need action to be taken on the regulation of property spruikers,’ says Noel Dyett, President of the Real Estate Institute of Australia (REIA).
Read moreRelief as interest rates stay unchanged
Last week, the Deposit Power/REIA Housing Affordability Report published data showing that home loan affordability was at an all-time low with 38% of median weekly family income required to meet loan repayments on new home loans. It will be with much relief that new borrowers greet the news that official interest rates will remain unchanged for the moment.
Read moreMacquarie Countrywide Portfolio Performance Update
Macquarie CountryWide Trust (ASX:MCW) today announced it maintained a high portfolio occupancy rate of 96.9% during the three months to March 2008 and achieved an average rental rate growth of 11.6% on the global portfolio leased during the period. These results reflect the Trust’s continued emphasis on securing long term income streams across its global portfolio.
Read moreSt Hilliers raises $200 million with development to core fund
St Hilliers Funds Management Limited has raised $200 million of equity with two of Australia’s major superannuation funds investing in its fourth property fund, a development to core fund.
Read moreQld Building Wins National Top Honour
Riparian Plaza was announced the Overall Winner of the 2008 Property Council of Australia / Rider Levett Bucknall Innovation and Excellence Awards held on Saturday 24 May 2008 at the Crown Casino Complex, Melbourne.
Read more2008 PCA Innovation Excellence Awards 2008 Winners
Bluescope Buildings Award for Business or Industrial Parks
Winner: Optus Centre, Macquarie Park (NSW)
Highly Commended: Brindabella Business Park (ACT)
