Stockland 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.
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Councils crying poor while hoarding hundreds
The Property Council of Australia has criticised advertisements by the Local Government Association of NSW and Shires Association of NSW calling on the NSW Government to delay reforms which would stop councils hoarding taxpayers’ money as a misguided attempt to preserve an unsustainable and unfair funding system.
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 moreSydney Prestige Residential Round up
Sydney’s top end was on fire this weekend, with around $27 million of real estate on the prestigious north shore
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 moreGlobal Television Leases in Sydney
Television services provider Global Television has agreed to lease about 10,00 square metres of space at the $123 million Television Production Complex, being developed on the Australian Technology Park in Sydney’s southern suburb of Redfern.
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 moreBuilding a Bridge in NSW
The New South Wales government has announced plans for the development of a bridge similar to the Iron Cove Bridge, which links Sydney’s inner western suburb of Drummoyne to Rozelle.
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 moreRental situation at crisis point
Sydney’s year-long rental drought has worsened with vacancy rates in the city falling to 0.9% in October, the lowest level recorded by the Real Estate Institute of New South Wales (REINSW) in the seven years it has been collating data on the availability of rental properties.
Stockland 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 moreRental Market Should Ring Alarm Bells In Macquarie Street
The latest REINSW Residential Property Management Survey results for September shows that the number of rental properties available across Sydney has fallen to its lowest level since the Institute began compiling statistics in June 2000.
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 moreREINSW Opposed to Tenancy Auctions
Real Estate Institute of NSW President, Mrs Cristine Castle, said the emergence of tenancy auctions in the ACT should not be a precursor for similar auctions in NSW.
Read moreA Great Time to Buy in Sydney
September Quarter house and unit price figures released today by Australian Property Monitors (APM) show that it’s a great time to buy real estate in Sydney with house prices in Perth poised to become the nation’s most expensive.
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 moreRate Rise Worsens Investment Drought
REINSW President, Mrs Cristine Castle, today called on the NSW Government to abolish land tax on all residential investment and provide stamp duty relief to over 65s to counter some of the impact of today’s interest rate rise by the Reserve Bank of Australia (RBA).
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 moreRental Housing Crisis Looms
The Real Estate Institute of NSW Vacancy Rate Survey for October shows that Sydney will be in the grip of a rapidly worsening rental housing crisis early in the New Year.
Read moreToo scared to move
The Real Estate Institute of NSW vacancy rate survey for November shows that tenants in Sydney are concerned about rising rents and are staying in their current accommodation for as long as they can.
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 moreLooming rental crisis in NSW
REINSW calls for the NSW Government to take action to prevent a rental crisis
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 moreLand tax press release
REINSW calls for the abolition of land tax on residential property.
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 moreVacancy rates hit new low in Sydney
The vacancy rate for rental accommodation in Sydney has fallen to just 1.5%, making it harder for renting families to find a place to live.
Read moreRudd Government Announces Housing Affordability Fund
The Rudd Government today launched its five-year, $512 million housing affordability fund in Canberra.
Read moreRental crisis spreads to university towns
University towns around NSW are under pressure as the annual influx of students worsens the already low levels of available accommodation
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 moreRental crisis a bigger problem than interest rates
Tenants could suffer more from rising rents than homeowners did from last year’s interest rate hikes unless action is taken to encourage property investment.
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