L67 Property Operators and Real Estate Services

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

Auction action hits top gear

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Original article by Larry Schlesinger, Nick Lenaghan
The Australian Financial Review – Page: 6 : 23-Mar-15

CoreLogic RP Data has reported that the residential auction clearance rate in Sydney topped 85 per cent on the weekend of 21-22 March 2015. Andrew Wilson of Domain Group forecasts quarterly house price growth of about three per cent for the rest of the year. Melbourne’s clearance rate was above 78 per cent, and property adviser Richard Wakelin says the market has benefited from the interest rate cut in February

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, DOMAIN.COM.AU, FAIRFAX MEDIA LIMITED – ASX FXJ, MIRVAC GROUP – ASX MGR, VICTORIA INVESTMENTS AND PROPERTIES, STOCKLAND – ASX SGP, PLEYSIER PERKINS

Affordability biggest risk, says Lend Lease

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Original article by Michael Bleby, Nick Lenaghan
The Australian Financial Review – Page: 38 : 17-Mar-15

Housing affordability is an important factor in the Australian construction industry. Lend Lease CEO of property, Tarun Gupta, said on 16 March 2015 that affordability is currently at an acceptable level but should be closely monitored. Figures provided by CoreLogic RP Data show that house prices have risen by 7.6 per cent nationally over the past 12 months, and by 14.1 per cent in Sydney

CORPORATES
LEND LEASE GROUP LIMITED – ASX LLC, CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED

Symond calls for ban on interest-only

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Original article by Shaun Drummond
The Australian Financial Review – Page: 18 : 17-Mar-15

Australian businessman John Symond says residential property buyers who intend to be owner-occupiers should be prohibited from taken out interest-only loans. There has been strong growth in interest-only mortgage loans in recent years, particularly to property investors. Symond, who is the chairman of Aussie Home Loans, argues that property investors tend to be a lower risk than owner-occupiers

CORPORATES
AUSSIE HOME LOANS LIMITED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, WESTPAC BANKING CORPORATION – ASX WBC, MEMBERS EQUITY BANK PTY LTD, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, RESERVE BANK OF AUSTRALIA

Bush is back: rural land sales hit $13.7b

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Original article by Matthew Cranston
The Australian Financial Review – Page: 36 : 16-Mar-15

Data from CoreLogic shows that some $A13.72bn worth of rural land across Australia changed hands in the year to November 2014. This includes some $A6.27bn worth of farmland in New South Wales, $A3.02bn in Victoria and $A1.3bn in Queensland. Simon McIntyre of Landmark Harcourts notes that there has been an upturn in the rural property market in the last 18 months

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, LANDMARK HARCOURTS PTY LTD, BENGERANG LIMITED, TA FIELD ESTATES, DARLING FARMS PTY LTD, AUSTRALIAN COUNTRY CHOICE PTY LTD

Back to realty: News Corp rules property search in Melbourne – but will Sydney be Fairfax’s domain?

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 12-Mar-15

A Roy Morgan Single Source survey has found that 819,000 property-hunters in Melbourne visited Realestate.com.au via website or app and/or read the Herald Sun’s weekday or weekend real estate section in an average week during the year to December 2014. This is seven per cent higher than in 2013. Domain’s total audience, comprising both digital visitors and readers of the print sections of The Age, rose by four per cent to 486,000 in 2014. In Sydney, Domain’s total digital and Sydney Morning Herald print reach rose by 10 per cent in 2014, to 675,000 in an average week. The number of people accessing Realestate.com.au and/or the Daily Telegraph’s real estate section in an average week was virtually unchanged at 683,000

CORPORATES
ROY MORGAN RESEARCH LIMITED, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, REALESTATE.COM.AU, FAIRFAX MEDIA LIMITED – ASX FXJ, DOMAIN.COM.AU

Cabinet split on flexible super plan

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Original article by Fleur Anderson, James Eyers
The Australian Financial Review – Page: 1 & 12 : 12-Mar-15

Communications Minister Malcolm Turnbull is among the federal MPs who have criticised a proposal to allow Australian to use their superannuation savings to buy a home. Shadow treasurer Chris Bowen also opposes any push by Treasurer Joe Hockey to permit super to be used in this way, while financial system inquiry panel member Craig Dunn argues that super should be used solely to finance retirement. Hockey has suggested that super should be available throughout a person’s life due to increasing longevity

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF COMMUNICATIONS, AMP LIMITED – ASX AMP, AUSTRALIAN LABOR PARTY, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, CENTRE FOR INTERNATIONAL FINANCE AND REGULATION, ABC RADIO, BRISBANE CLUB