L67 Property Operators and Real Estate Services

Holiday plans hold back clearance rate

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Original article by Samantha Hutchinson
The Australian Financial Review – Page: 38 : 7-Apr-15

Sydney’s residential property market recorded an auction clearance rate of 67.9 per cent on the weekend of 4-5 April 2015. The Easter long weekend meant just 34 home went under the hammer, with 19 being sold. Just 13 homes in Melbourne were auctioned on the weekend, and seven were sold. Meanwhile, there was 13.9 per cent growth in residential property prices in Sydney during the year to March, while prices in Melbourne rose by 5.9 per cent

CORPORATES
AUSTRALIAN PROPERTY MONITORS PTY LTD, BRESIC WHITNEY ESTATE AGENTS PTY LTD, McGRATH REAL ESTATE PTY LTD, HOUSING INDUSTRY ASSOCIATION LIMITED

Perisher deal may lift chalet prices

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Original article by Samantha Hutchinson
The Australian Financial Review – Page: 46 : 2-Apr-15

US-based Vail Resorts has bought the Perisher ski resort in New South Wales. Real estate agents expect the deal to result in higher property values in the alpine region. Figures from CoreLogic RP Data show that the median price for residential property in Jindabyne fell by 3.25 per cent between 2013 and 2014, to $A395,917. Only 17 transactions were made in this period

CORPORATES
VAIL RESORTS INCORPORATED, PERISHER BLUE PTY LTD, CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, ZIRTANIUM PTY LTD, ZIRKY REAL ESTATE, AMALGAMATED HOLDINGS LIMITED – ASX AHD, MERLIN ENTERTAINMENTS GROUP LIMITED

Private auctions – oh, so homely

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Original article by Michael Bleby
The Australian Financial Review – Page: 2 : 2-Apr-15

Opinion is divided regarding the merits of selling a residential property via a private auction. Buyers’ advocate David Morrell notes that private auctions can distort the property market due to the lack of data on the results of such auctions. Abercrombys Real Estate’s Rob Vickers-Willis says private auctions allow vendors to avoid having people turn up just to have a look at the property

CORPORATES
ABERCROMBYS REAL ESTATE PTY LTD, JLW PTY LTD, CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED

Stamp duty ‘unfair and inefficient’

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Original article by Rebecca Thistleton
The Australian Financial Review – Page: 47 : 2-Apr-15

Property Council of Australia CEO Ken Morrison has called for government action on the issue of stamp duty, describing it as an inefficient and volatile tax. He argues that the best option for replacing stamp duty would be to increase the goods and services tax and widen its scope. He has also suggested the option of a broad-based land tax, of the type that is being introduced in the Australian Capital Territory to replace stamp duty

CORPORATES
PROPERTY COUNCIL OF AUSTRALIA LIMITED, AUSTRALIAN CAPITAL TERRITORY. DEPT OF THE CHIEF MINISTER

Vail Resorts buys Perisher

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Original article by Robert Harley
The Australian Financial Review – Page: 13 : 1-Apr-15

James Packer and Luca and Guido Belgiorno-Nettis have sold the Perisher ski resort in New South Wales to US-based Vail Resorts. The $A176.6m deal is subject to approval from the State Government. Vail has indicated that people who buy Perisher’s Freedom Pass will also be able to use the group’s North America ski resorts. Perisher has been owned by a joint venture between the Packer and Belgiorno-Nettis families since 1995

CORPORATES
PERISHER BLUE PTY LTD, VAIL RESORTS INCORPORATED, TRANSFIELD CORPORATE PTY LTD

FIRB may scare off Asian buyers, warns Maddocks

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Original article by Rebecca Thistleton
The Australian Financial Review – Page: 41 : 31-Mar-15

Law firm Maddocks claims that the proposed restrictions on foreign investment in Australian residential property have had a negative impact on demand in the sector. The Foreign Investment Review Board recommended the introduction of new fees and stricter rules for foreign investors. Maddocks partner Nick Holuigue has warned that foreign investors could choose to invest elsewhere if the Government implements the new rules

CORPORATES
MADDOCKS, ASPAIL GROUP, HIAP HOE LIMITED, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD

Sydney sales eclipse record for weekend

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Original article by Mercedes Ruehl
The Australian Financial Review – Page: 40 : 30-Mar-15

Sydney’s residential property market boasted an auction clearance rate of 87.5 per cent on the weekend of 28-29 March 2015, according to Domain Group. More than 1,100 homes went under the hammer, with many selling for prices well above their reserve. The preliminary clearance rate in Melbourne was 78.5 per cent, while RP Data’s figures show that the preliminary weighted average clearance rate nationally was 77.5 per cent

CORPORATES
DOMAIN.COM.AUFAIRFAX MEDIA LIMITED – ASX FXJRP DATA LIMITEDCORELOGIC AUSTRALIA PTY LTDCOOLEY AUCTION SERVICES PTY LTDRAINE AND HORNE PTY LTDBELLE PROPERTY PTY LTDBREEN PROPERTYSAVILLS (AUST) HOLDINGS PTY LTDNELSON ALEXANDERLEND LEASE GROUP LIMITED – ASX LLC

Goodman’s $2b sell-off rolls on

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Original article by Mercedes Ruehl
The Australian Financial Review – Page: 37 : 26-Mar-15

Mapletree Investments is believed to be looking to buy a number of office buildings in Sydney’s Macquarie Park. Three properties that are owned by Goodman Group are said to be under consideration by Singapore-based Mapletree. Goodman offloaded some $A1.1bn worth of property in the second half of 2014, as part of its strategy to divest about $A2bn worth of property holdings each year

CORPORATES
GOODMAN GROUP – ASX GMG, MAPLETREE INVESTMENTS PTE LTD, SINGTEL OPTUS PTY LTD, FUJITSU AUSTRALIA LIMITED, GOLDEN HORSE HOLDING GROUP COMPANY LIMITED, BRICKWORKS LIMITED – ASX BKW, COLES GROUP LIMITED, WESFARMERS LIMITED – ASX WES

Goodman’s $2b sell-off rolls on

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Original article by Mercedes Ruehl
The Australian Financial Review – Page: 37 : 26-Mar-15

Mapletree Investments is believed to be looking to buy a number of office buildings in Sydney’s Macquarie Park. Three properties that are owned by Goodman Group are said to be under consideration by Singapore-based Mapletree. Goodman offloaded some $A1.1bn worth of property in the second half of 2014, as part of its strategy to divest about $A2bn worth of property holdings each year

CORPORATES
GOODMAN GROUP – ASX GMG, MAPLETREE INVESTMENTS PTE LTD, SINGTEL OPTUS PTY LTD, FUJITSU AUSTRALIA LIMITED, GOLDEN HORSE HOLDING GROUP COMPANY LIMITED, BRICKWORKS LIMITED – ASX BKW, COLES GROUP LIMITED, WESFARMERS LIMITED – ASX WES

Premier Investments in fight to get the right lease deals

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Original article by Robert Harley
The Australian Financial Review – Page: 40 : 24-Mar-15

Australian-listed Premier Investments boasts more than 1,000 retail stores. The group’s rent bill for the first half of 2014-15 rose by 6.7 per cent to $A99.3m. CEO Mark McInnes notes that this accounted for 20 per cent of its sales revenue. He says Premier is prepared to close stores if landlords are not willing to offer the market rent when leases are renewed. The group closed a Just Jeans store in Melbourne as a result

CORPORATES
PREMIER INVESTMENTS LIMITED – ASX PMV, JUST JEANS PTY LTD, JAY JAY’S JEANS WAREHOUSE PTY LTD, PORTMANS PTY LTD, JACQUI E PTY LTD, DOTTI