L67 Property Operators and Real Estate Services

REITs at risk in housing slowdown

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Original article by Elizabeth Redman
The Australian – Page: 25 : 1-Jun-17

Data from CoreLogic shows that residential property values across five Australian capital cities fell by 1.1 per cent in May 2017. Analysts and fund managers warn that listed real estate investment trusts could be vulnerable to a slowdown in the housing market. Stuart Cartledge of Phoenix Portfolios notes that developers that have pre-sold apartments will not be hit by any downturn, although future sales volumes may be affected.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, PHOENIX PORTFOLIOS PTY LTD, STOCKLAND – ASX SGP, MIRVAC GROUP – ASX MGR, LEND LEASE GROUP LIMITED – ASX LLC, CEDAR WOODS PROPERTIES LIMITED – ASX CWP, AVJENNINGS LIMITED – ASX AVJ, VILLA WORLD LIMITED – ASX VLW, RESOLUTION CAPITAL LIMITED, CLSA AUSTRALIA PTY LTD, FOLKESTONE MAXIM ASSET MANAGEMENT LIMITED

Housing prices to drop 7pc, bank says

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Original article by Elizabeth Redman, Daniel Palmer
The Australian – Page: 1 & 6 : 4-May-17

Data from REA Group shows that housing demand in New South Wales declined by 7.8 per cent month-on-month in April 2017, while demand among house buyers in Victoria fell 1.6 per cent. Meanwhile, Citigroup has forecast that residential property prices could fall by up to seven per cent in 2018, with apartment prices in Melbourne and Sydney regarded as the most vulnerable to a correction. However, the investment bank adds that any downturn in the property market is unlikely to impact on the broader economy.

CORPORATES
REA GROUP LIMITED – ASX REA, REALESTATE.COM.AU, CITIGROUP PTY LTD, GENWORTH MORTGAGE INSURANCE AUSTRALIA LIMITED – ASX GMA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, UBS HOLDINGS PTY LTD, STOCKLAND – ASX SGP

‘Calling the top’ of the boom in property

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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

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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

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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

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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

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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

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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

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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

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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