L67 Property Operators and Real Estate Services

‘Calling the top’ of the boom in property

roymorgansocial Leave a comment

Original article by Matthew Cranston
The Australian Financial Review – Page: 1 & 3 : 24-Apr-17

UBS is of the view that the Australia housing market may have reached its peak, although any easing will amount to a correction rather than a collapse. Auction clearance rates on the weekend of 22-23 April 2017 suggest that UBS’s forecast may be on the mark, with Sydney recording its lowest auction clearance rate since the beginning of the year. However, not everyone agrees with UBS, with analyst Louis Christopher saying it is too early to tell.

CORPORATES
UBS HOLDINGS PTY LTD, RESERVE BANK OF AUSTRALIA, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, CORELOGIC AUSTRALIA PTY LTD, RAY WHITE REAL ESTATE, DOMAIN.COM.AU, DEVINE REAL ESTATE HOLDINGS PTY LTD, BELLE PROPERTY PTY LTD

Aussie mango farm sales surge

roymorgansocial Leave a comment

Original article by Larry Schlesinger
The Australian Financial Review – Page: 33 : 10-Apr-17

Herron Todd White has reported a significant rise in the sale of Australian mango farms over the past year. Most of Australia’s mangoes are grown in Queensland and the Northern Territory, with the value of yearly output being around $A140 million. About 50,000 tonnes of mangoes are grown in Australia each year, with about 10 per cent being exported to countries such as Singapore, New Zealand and the United Arab Emirates.

CORPORATES
HERRON TODD WHITE AUSTRALIA PTY LTD, PERFECTION FRESH AUSTRALIA PTY LTD

Confidence in property hits two-year high

roymorgansocial Leave a comment

Original article by Matthew Cranston
The Australian Financial Review – Page: 7 : 12-Jan-17

A survey by the ANZ Bank and the Property Council of Australia has found that confidence in the nation’s residential and commercial property markets has risen to its highest level in two years. The Property Confidence Index has risen by two points to 130 points for the March 2017 quarter, and Western Australia is the only state that has not recorded a rise in confidence. Interest rate expectations over the next 12 months have also risen significantly, particularly nationally and in New South Wales.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, PROPERTY COUNCIL OF AUSTRALIA LIMITED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, UNITED STATES. FEDERAL RESERVE BOARD, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION

Housing approvals post small rise but trend points downwards

roymorgansocial Leave a comment

Original article by Su-Lin Tan
The Australian Financial Review – Page: 8 : 10-Jan-17

Data from the Australian Bureau of Statistics shows that there was seven per cent growth in dwelling approvals in November 2016, in seasonally-adjusted terms. House approvals were consistent with the data for October, although there was 17.3 per cent growth in approvals for units. Meanwhile, in trend terms dwelling approvals declined in the six months to November.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, COMMONWEALTH SECURITIES LIMITED, HOUSING INDUSTRY ASSOCIATION LIMITED, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, JP MORGAN AUSTRALIA LIMITED, UBS HOLDINGS PTY LTD

One listing definitely not in White’s plans

roymorgansocial Leave a comment

Original article by Damon Kitney
The Australian – Page: 15 : 9-Jan-17

Ray White Real Estate chairman Brian White has ruled out an IPO. CFO Andrew Jamson says White hopes Australia’s largest real estate firm will remain a family-owned company into the fifth generation. Meanwhile, McGrath Limited’s shares are trading at around $A0.90, compared with an issue price of $A2.10 in late 2015, while founder John McGrath resigned as CEO in August 2016. Another family-owned real estate firm, LJ Hooker, dropped plans for an IPO in 2016.

CORPORATES
RAY WHITE REAL ESTATE, McGRATH LIMITED – ASX MEA, LJ HOOKER (AUSTRALIA) PTY LTD, BELL POTTER SECURITIES LIMITED, JP MORGAN AUSTRALIA LIMITED, LEIGHTON HOLDINGS LIMITED, RAMS HOME LOANS PTY LTD

Pilbara property crash could be over

roymorgansocial Leave a comment

Original article by Julie-anne Sprague
The Australian Financial Review – Page: 6 : 5-Jan-17

House prices in Western Australia’s Pilbara region are unlikely to continue to decline. Hedland Property Shop MD Jim Henneberry says a recent increase in sales turnover suggests that the local real estate market is about to rebound, after several years of dramatic falls. The median house price in South Hedland fell 70 per cent in just four years, from $A850,000 to $A250,000.

CORPORATES
HEDLEY PROPERTY SHOP, SQM RESEARCH PTY LTD, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

Foreign property interest to run strong

roymorgansocial Leave a comment

Original article by Scott Murdoch
The Australian – Page: 13 : 4-Jan-17

Foreign investors bought $A10 billion worth of Australian commercial property in 2016. Large transactions included the acquisition of Dexus’s Southgate complex in Melbourne by ARA Property Group. The $A578 million transaction was executed in August. JLL CEO Stephen Conry expects strong interest in Australian property among foreign buyers to continue in 2017.

CORPORATES
JONES LANG LASALLE AUSTRALIA PTY LTD, DEXUS PROPERTY GROUP – ASX DXS, ARA PROPERTY GROUP, WOOLWORTHS LIMITED – ASX WOW, INMARK PTY LTD, ASCENDAS PTE LTD, SINGBRIDGE GROUP, COLLIERS INTERNATIONAL HOLDINGS (AUSTRALIA) LIMITED

Why the gloom merchants got housing wrong

roymorgansocial Leave a comment

Original article by Larry Schlesinger
The Australian Financial Review – Page: 3 : 4-Jan-17

Property prices are still rising, despite predictions of a decline. CoreLogic’s Home Value Index for December 2016 shows that they rose 10.9 per cent in the five main capital cities in 2016. They increased eight per cent in 2015. Louis Christopher, of SQM Research, says house prices are rising because of factors such as low interest rates, population growth and inadequate supply.

CORPORATES
SQM RESEARCH PTY LTD, CORELOGIC AUSTRALIA PTY LTD, AUSTRALIAN BUREAU OF STATISTICS, DOMAIN.COM.AU, MACQUARIE GROUP LIMITED – ASX MQG, BIS SHRAPNEL PTY LTD, MACRO ASSOCIATES PTY LTD, CITI AUSTRALIA PTY LTD, HSBC AUSTRALIA HOLDINGS PTY LTD

Home affordability shapes as key issue

roymorgansocial Leave a comment

Original article by Matthew Cranston
The Australian Financial Review – Page: 11 : 22-Dec-16

Tim Lawless of CoreLogic says housing affordability is likely to be a major issue in 2017. CoreLogic has co-authored a report which shows that while 86 per cent of a household’s income was required to save a 20 per cent deposit for a home in September 2001, this had blown out to 139 per cent in September 2016. It has risen from 117 per cent to 168 per cent in Sydney over the last 15 years, and from 93 per cent to 143 per cent in Melbourne. Federal Treasurer Scott Morrison argues that insufficient housing supply is the main cause of unaffordability, a view shared by leading property groups.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN NATIONAL UNIVERSITY, URBAN DEVELOPMENT INSTITUTE OF AUSTRALIA, STOCKLAND – ASX SGP, FRASERS PROPERTY AUSTRALIA PTY LTD

Troubled Estia puts Weiss in charge

roymorgansocial Leave a comment

Original article by Sarah-Jane Tasker
The Australian – Page: 19 & 23 : 13-Dec-16

Australian-listed Estia Health has advised that Gary Weiss will succeed Pat Grier as chairman of the aged-care group. Weiss became a director of Estia in 2015, following its acquisition of Kennedy Health Care. Estia will undertake a $A136.8m capital raising in order to reduce its debt, with the new shares to be offered at $A2.10 apiece. Estia shares were fetching $A2.68 on 12 December 2016, prior to a trading halt ahead of the capital raising.

CORPORATES
ESTIA HEALTH LIMITED – ASX EHE, KENNEDY HEALTH CARE, JAPARA HEALTHCARE LIMITED – ASX JHC, REGIS HEALTHCARE LIMITED – ASX REG, SUMMERSET GROUP HOLDINGS LIMITED – ASX SNZ