APARTMENTS – NEW SOUTH WALES

Mirvac banks on housing under-supply

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Original article by Samantha Hutchinson|Rebecca Thistleton
The Australian Financial Review – Page: 34 : 25-Jul-14

Some 176,000 new dwellings were added to Australia’s housing market in the last year, but the Housing Industry Association estimates that annual demand is about 190,000. Mirvac CEO Susan Lloyd-Hurwitz expects supply to remain well below demand in the Sydney market, while Sydney lord mayor Clover Moore says affordable housing and transport infrastructure are priorities for the council

CORPORATES
HOUSING INDUSTRY ASSOCIATION LIMITED, MIRVAC GROUP – ASX MGR, SYDNEY CITY COUNCIL, CITY OF SYDNEY, NEW SOUTH WALES. DEPT OF TRANSPORT AND INFRASTRUCTURE

Sydney’s median rent for units hits $500

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Original article by Rebecca Thistleton
The Australian Financial Review – Page: 10 : 10-Jul-14

Australian Property Monitors has issued its latest data on residential real estate rents across state capital markets. In the three months to 30 June 2014, the rent for apartments in Sydney reached an all-time high of $A500. Standalone dwelling rents also went up in Melbourne and Sydney after a subdued period since mid-2012. However declines were recorded for Darwin and Canberra. Meanwhile gross rental yields are down across the board, with Perth showing the biggest falls at close to 9% for units and 5.8% for houses during 2013-14

CORPORATES
AUSTRALIAN PROPERTY MONITORS PTY LTD, FAIRFAX MEDIA LIMITED – ASX FXJ, AMP LIMITED – ASX AMP, DOMAIN.COM.AU