L67 Property Operators and Real Estate Services

Rental growth slows to 20-year low

roymorgansocial Leave a comment

Original article by Michael Bleby
The Australian Financial Review – Page: 4 : 11-Sep-15

CoreLogic RP Data has reported that growth in asking rents for residential properties across Australia fell by 0.4 per cent overall in August 2014, compared with a 0.3 per cent fall in July. Growth in asking rents eased to 0.7 per cent year-on-year. Sydney was the only capital city to record a rise in asking rents during August. Cameron Kusher of CoreLogic RP Data cites factors such as slowing population growth and continued strong construction activity.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED

Talk of GST increase spooks industry leaders

roymorgansocial Leave a comment

Original article by Robert Harley
The Australian Financial Review – Page: 36 : 10-Sep-15

An increase in the rate of Australia’s goods and services tax (GST) would have a negative impact on the property sector. Matthew Cridland, GST partner at law firm DLA Piper, warns in a briefing document that less supply could be expected from housing developers and retirement village operators if the GST rises to 15 per cent. Shopping centres would also be negatively influenced.

CORPORATES
DLA PIPER, PROPERTY COUNCIL OF AUSTRALIA LIMITED, ACIL ALLEN CONSULTING PTY LTD, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET

Lower $A will intensify two-tier property market

roymorgansocial Leave a comment

Original article by Su-Lin Tan
The Australian Financial Review – Page: 7 : 4-Sep-15

The lower Australian dollar may lead to greater interest in Australian property from foreign buyers and, consequently, to higher prices. Valuer Herron Todd White says the importance of local demand is diminishing. Real estate developers concentrate their marketing efforts on overseas investors. This trend is clearly visible in unit developments in Sydney such as Zetland, Waterloo, Rosebery, Mascot, Botany, Hurstville and Wolli Creek.

CORPORATES
HERRON TODD WHITE AUSTRALIA PTY LTD, DEUTSCHE BANK AG

Retail A-REIT rejig mix to safeguard earnings

roymorgansocial Leave a comment

Original article by Larry Schlesinger
The Australian Financial Review – Page: 38 : 3-Sep-15

Earnings growth was driven by specialty tenants such as cinemas, fashion and food, according to listed retail property trusts. Fund managers predicted further attention to the tenant mix in malls to enhance portfolio quality. Attracting global brands also remained a focus.

CORPORATES
CHARTER HALL RETAIL REIT – ASX CQR, FEDERATION CENTRES – ASX FDC, NOVION PROPERTY GROUP, SCENTRE GROUP – ASX SCG, ALDI STORES SUPERMARKETS PTY LTD, COLES GROUP LIMITED, WOOLWORTHS LIMITED – ASX WOW, SHOPPING CENTRES AUSTRALASIA PROPERTY GROUP – ASX SCP, WESTFIELD CORPORATION – ASX WFD, BWP TRUST – ASX BWP, BUNNINGS GROUP LIMITED

Mall owners plan $8b of work to drive better returns

roymorgansocial Leave a comment

Original article by Robert Harley
The Australian Financial Review – Page: 35 : 2-Sep-15

CBRE estimates that the Australian-listed real estate investment trusts will invest $A8 billion in redevelopment and extension of regional shopping centres and central business district retail outlets in the next five years. Redevelopments at Pacific Fair on the Gold Coast, Chadstone in Victoria and the Castle Towers shopping centre in New South Wales are particularly significant.

CORPORATES
CBRE PTY LTD, AMP CAPITAL INVESTORS LIMITED, SCENTRE GROUP – ASX SCG, GANDEL GROUP HOLDINGS LIMITED, FEDERATION CENTRES – ASX FDC, QIC LIMITED

Shortfall in Sydney housing predicted

roymorgansocial Leave a comment

Original article by Michael Bleby
The Australian Financial Review – Page: 42 : 27-Aug-15

Sydney is likely to experience a housing shortfall of 197,050 homes by 2024. AECOM technical director Joe Langley wrote in a submission to parliament’s inquiry into home ownership that there is not enough coordination between the activities of state transport, finance and treasury agencies. Housing creation should be aligned with public transport projects.

CORPORATES
AECOM AUSTRALIA PTY LTD, JACOBS ENGINEERING GROUP INCORPORATED, FLEISHER SMYTH BROKAW, COMMITTEE FOR MELBOURNE

‘Overinflated’ property no investor lure

roymorgansocial Leave a comment

Original article by Su-Lin Tan
The Australian Financial Review – Page: 9 : 26-Aug-15

Investors are unlikely to shift their money from equities to property. Alan Hull, of the Australian Investors Association, says property prices are too high to justify such a move. AMP Capital chief economist, Shane Oliver, notes that yields in residential property, of about three per cent, are not attractive enough to trigger the transfer of funds to real estate.

CORPORATES
AMP CAPITAL INVESTORS LIMITED, STANDARD AND POOR’S ASX 200 INDEX, WATPAC LIMITED – ASX WTP, FINDER.COM.AU, AUSTIN AUSTRALIA, PROPERTY INVESTORS ALLIANCE, AGS FINANCIAL GROUP, AUSTRALIAN INVESTORS ASSOCIATION LIMITED

Engage centres could fetch up to $200m

roymorgansocial Leave a comment

Original article by Matthew Cranston
The Australian Financial Review – Page: 33 : 26-Aug-15

Engage Capital is selling a portfolio of three shopping centres in Queensland. The company expects to receive as much as $A200 million for the portfolio which includes the MKT Deception Bay in Brisbane, the Ashmore City Shopping Centre on the Gold Coast and the Wilsonton Shopping Centre in Toowoomba. Their anchor tenants include Woolworths, Coles, Drakes Supa IGA, and ALE.

CORPORATES
ENGAGE CAPITAL PTY LTD, WOOLWORTHS LIMITED – ASX WOW, COLES GROUP LIMITED, INDEPENDENT GROCERS OF AUSTRALIA, ALE PROPERTY GROUP – ASX LEP, SHAYHER PROPERTIES PTY LTD, JONES LANG LASALLE AUSTRALIA PTY LTD

Chinese investors wary on house buying

roymorgansocial Leave a comment

Original article by Su-Lin Tan
The Australian Financial Review – Page: 8 : 25-Aug-15

Chinese real estate investors are reacting to Treasurer Joe Hockey’s crackdown on illegal purchases. They are becoming more cautious as they seek information about investment rules for residential property, according to Asian property agent House 18’s Michael Zhu. Many agents are advising Chinese investors to contact a lawyer before proceeding.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN TAXATION OFFICE, THE REAL ESTATE INSTITUTE OF AUSTRALIA LIMITED, AUSTRALIA. ATTORNEY-GENERAL’S DEPT. AUSTRALIAN TRANSACTION REPORTS AND ANALYSIS CENTRE, FINANCIAL INDUSTRY REGULATORY AUTHORITY INCORPORATED, CBRE GROUP INCORPORATED, BLACK DIAMONDZ PROPERTY CONCIERGE, HOUSE 18

Global appetite grows for Sydney offices

roymorgansocial Leave a comment

Original article by Larry Schlesinger
The Australian Financial Review – Page: 31 : 24-Aug-15

Sydney has become a global investment destination. Real estate services group DTZ estimates in its latest report that $US8.2 billion ($A11.2 billion) was invested in Sydney’s commercial real estate in the year to June 2015, or 16 per cent more than in 2013-14. This figure makes Sydney the second most traded real estate market in the Asia-Pacific region behind Tokyo.

CORPORATES
DTZ AUSTRALIA PTY LTD, CHINA INVESTMENT CORPORATION, DEUTSCHE BANK AG, DALIAN WANDA GROUP COMPANY LIMITED, PERPETUAL TRUSTEE COMPANY LIMITED, AMP CAPITAL INVESTORS LIMITED