L67 Property Operators and Real Estate Services

Murray shoots down Hockey’s super kite

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Original article by Fleur Anderson, Ruth Liew
The Australian Financial Review – Page: 1 & 10 : 11-Mar-15

Business leaders have expressed reservations about the Australian Government’s proposal for superannuation to be used to finance home ownership. Financial system inquiry chairman David Murray and AMP CEO Craig Meller are among those who oppose the plan due to its potential effects on the nation’s retirement system. Finance Minister Mathias Cormann also spoke out against such a proposal in October 2014

CORPORATES
AMP LIMITED – ASX AMP, AUSTRALIA. DEPT OF FINANCE, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE TREASURY, LIBERAL PARTY OF AUSTRALIA, MONASH UNIVERSITY, GEM CAPITAL FINANCIAL ADVICE, COMMITTEE FOR ECONOMIC DEVELOPMENT OF AUSTRALIA

Keating: don’t kill super

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Original article by Jacob Greber, Joanna Mather
The Australian Financial Review – Page: 1 & 6 : 10-Mar-15

Former prime minister Paul Keating says it would be irresponsible to allow young Australians to use their superannuation savings to buy their first home. Such a move, in his view, would destroy the superannuation system. Both Prime Minister Tony Abbott and Treasurer Joe Hockey believe that the idea of using super to finance the purchase of one’s first home is worth considering

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, LIBERAL PARTY OF AUSTRALIA, THE CENTRE FOR INDEPENDENT STUDIES LIMITED, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, AUSTRALIAN COUNCIL OF SOCIAL SERVICE, FAIRFAX MEDIA LIMITED – ASX FXJ

Another 9m homes needed by 2055

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Original article by Rebecca Thistleton
The Australian Financial Review – Page: 34 : 6-Mar-15

The Australian Government’s Intergenerational Report forecasts that the nation’s population will top 39.7 million in 2055. This will require the construction of an additional nine million residential dwellings over the next four decades. Graham Wolfe of the Housing Industry Association has called for government action to make more land available for residential development and measures to improve the planning process

CORPORATES
HOUSING INDUSTRY ASSOCIATION LIMITED, MASTER BUILDERS AUSTRALIA INCORPORATED, URBAN DEVELOPMENT INSTITUTE OF AUSTRALIA, THE REAL ESTATE INSTITUTE OF AUSTRALIA LIMITED

Chinese undeterred by new investment rules

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Original article by Tim Binsted
The Australian Financial Review – Page: 19 : 4-Mar-15

Geoff Raby & Associates founder Geoff Raby says his firm has received an increase in enquiries from prospective Chinese investors in Australia’s agricultural sector. This includes sectors such as dairy, meat and wheat, and includes both farmland and processing facilities. The Australian Government has proposed new regulations for foreign investors in assets such as farms and housing, including application fees that start from $A5,000

CORPORATES
GEOFF RABY AND ASSOCIATES, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, AUSTRALIAN BUREAU OF AGRICULTURAL AND RESOURCE ECONOMICS AND SCIENCES, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, FORTESCUE METALS GROUP LIMITED – ASX FMG, CBH LIMITED, CO-OPERATIVE BULK HANDLING LIMITED

Outrage over PM’s property hit

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Original article by Phillip Coorey, Matthew Cranston
The Australian Financial Review – Page: 1 & 8 : 26-Feb-15

The Australian Government’s proposals to crack down on foreign investors in the residential property market has the support of Master Builders Australia CEO Wilhelm Harnisch. However, buyers advocate David Morrell says the proposed application fees should be higher, although the Real Estate Institute of Australia believes that the fees are too high. The Government plans to introduce a fee of up to one per cent of the value of new or established residential properties bought by foreign investors

CORPORATES
MASTER BUILDERS AUSTRALIA INCORPORATED, THE REAL ESTATE INSTITUTE OF AUSTRALIA LIMITED, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, RAY WHITE REAL ESTATE, AUSTRALIAN TAXATION OFFICE, NEW SOUTH WALES. THE TREASURY, PROPERTY COUNCIL OF AUSTRALIA LIMITED, CBRE PTY LTD

Lowy to stay on at top of Westfield

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Original article by Robert Harley
The Australian Financial Review – Page: 39 : 26-Feb-15

Westfield Corporation says its funds from operations will be $A0.377 per security for calendar 2015. The listed property group’s shareholders will receive a distribution of $A0.123 per security for the second half of 2014, and it will pay a distribution of $A0.251 in 2015. Meanwhile, joint CEO Peter Lowy has advised that he intends to remain in the role "indefinitely", having previously planned to step down and become a non-executive director

CORPORATES
WESTFIELD CORPORATION – ASX WFD, SCENTRE GROUP – ASX SCG, O’CONNOR CAPITAL PARTNERS

Home and apartment building hits record $54.4b in 2014

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Original article by Michael Bleby
The Australian Financial Review – Page: 8 : 26-Feb-15

New figures show that $A54.4bn worth of residential dwellings were built across Australia during 2014, compared with $A49.3bn in 2013. Dwelling commencements in the December 2014 quarter topped $A14.3bn, an increase of 12.3 per cent. Non-residential construction activity rose by 1.3 per cent to $A35bn in 2014, although there was 2.9 per cent contraction in the fourth quarter

CORPORATES
MASTER BUILDERS OF AUSTRALIA, WATPAC LIMITED – ASX WTP, CARDNO LIMITED – ASX CDD

Domain vs REA: apples for apples audience numbers from Roy Morgan Research

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 23-Feb-15

A Roy Morgan Single Source survey has found that more than 3.5 million Australians aged 14+ accessed Realestate.com.au via its website or app in an average four weeks in the six months to December 2014. This compares with 3.3 million during the same period in 2013. Some 1.7 million Australians accessed Fairfax Media’s Domain in the second half of 2014, down from 1.8 million in the previous corresponding period. The total audience growth for Realestate.com.au comprised an increase in the number of both website visitors (up six per cent) and mobile phone or tablet app users (up seven per cent)

CORPORATES
ROY MORGAN RESEARCH LIMITED, DOMAIN.COM.AU, FAIRFAX MEDIA LIMITED – ASX FXJ, REALESTATE.COM.AU, REA GROUP LIMITED – ASX REA

Queue lengthens for tilt at Morgan Stanley’s Investa property business

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Original article by Matthew Cranston
The Australian Financial Review – Page: 37 : 19-Feb-15

Australian and offshore groups are expected to bid for Investa Property Group’s assets, following a decision by Morgan Stanley Real Estate to exit the business. Cbus Property has expressed interest in the assets, with its main focus likely to be Investa’s development land in Sydney. BlackRock and Fosun International are among the offshore groups that could be potential buyers

CORPORATES
INVESTA PROPERTY GROUP, MORGAN STANLEY REAL ESTATE, CBUS PROPERTY PTY LTD, FOSUN INTERNATIONAL LIMITED, BLACKROCK INCORPORATED, BLACKSTONE REAL ESTATE ADVISORS LLC, VALAD PROPERTY GROUP, DEXUS PROPERTY GROUP – ASX DXS, CROMWELL PROPERTY GROUP – ASX CMW, IDERA, MGPA PTY LTD

China Capital realises Daydream

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Original article by Matthew Cranston
The Australian Financial Review – Page: 38 : 17-Feb-15

China Capital Investment Group has paid around $A30m for Daydream Island in Queensland. The Chinese company intends to expand and upgrade the resort, which was previously owned by businessman Vaughan Bullivant. The deal represents China Capital Investment Group’s first foray into the Australian market, although other Chinese groups have been active in the tourism sector

CORPORATES
DAYDREAM ISLAND PTY LTD, CHINA CAPITAL INVESTMENT GROUP, LINDEMAN ISLAND PTY LTD, WHITE HORSE, CAPRICORN TOURISM, CHINA-AUSTRALIA ENTREPRENEURS ASSOCIATION INCORPORATED, AUSTRALIAN LABOR PARTY