REAL ESTATE INVESTMENT – AUSTRALIA

Crowdfunding gathers impetus with investors

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Original article by Su-Lin Tan
The Australian Financial Review – Page: 38 : 27-Aug-15

Property crowdfunding is still a novelty in Australia. In the US, $A1.42 billion has been raised for property investments. CrowdfundUp’s founder Jack Quiqley told a Property Council of Australia breakfast in Sydney on 26 August 2015 that property equity crowdfunding gives retail investors an opportunity to enter the property market with a small sum of money.

CORPORATES
CROWDFUNDUP PTY LTD, PROPERTY COUNCIL OF AUSTRALIA LIMITED, LESTER GROUP LIMITED, REA GROUP LIMITED – ASX REA

‘Overinflated’ property no investor lure

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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

Charter Hall to raise $55m for Automotive

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Original article by Matthew Cranston
The Australian Financial Review – Page: 43 : 20-Aug-15

Charter Hall is setting up a new unlisted retail property trust. The Charter Hall Direct Automotive Trust will hold $A102 million worth of properties which are to be acquired from the Automotive Holdings Group (AHG) and a syndicate managed by API. The acquired properties will be leased back to AHG. Charter Hall is seeking $A55 million from investors for the new fund.

CORPORATES
CHARTER HALL GROUP – ASX CHC, AUTOMOTIVE HOLDINGS GROUP LIMITED – ASX AHG, API FUND, MAZDA AUSTRALIA PTY LTD, CORE PROPERTY PTY LTD

Senator urges crackdown on pushy SMSF spruikers

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Original article by Sally Rose
The Australian Financial Review – Page: 8 : 13-Aug-15

Senator John Williams, a member of the parliamentary committee on corporations and financial services, wants regulators to crack down on real estate agents who urge people to set up self-managed superannuation funds so they can borrow to buy investment properties. Williams will tell the Australian Securities & Investments Commission that the practice is dangerous and that real estate agents are not licenced to provide such advice.

CORPORATES
AUSTRALIA. JOINT STATUTORY COMMITTEE ON CORPORATIONS AND FINANCIAL SERVICES, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AMP LIMITED – ASX AMP, ELSTON PORTFOLIOS PTY LTD, FINDEX AUSTRALIA PTY LTD, FEDERAL COURT OF AUSTRALIA, 21ST CENTURY GROUP PTY LTD

Landlord nation: 18,000 own six or more rental properties

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Original article by Su-Lin Tan, Fleur Anderson
The Australian Financial Review – Page: 4 : 7-Aug-15

New figures show that some 16 per cent of Australian taxpayers owned a residential investment property in 2012-13. More than 110,000 taxpayers owned more than three rental properties, while about 18,000 had a portfolio of at least six. Shane Garrett of the Housing Industry Association says factors such as rising house prices and population growth means a lot more people probably now own at least one investment property.

CORPORATES
HOUSING INDUSTRY ASSOCIATION LIMITED

Chinese top investors in commercial sites

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Original article by Mercedes Ruehl, Robert Harley
The Australian Financial Review – Page: 36 : 29-Jul-15

Colliers International estimates that Chinese investors have accounted for more than $A4bn worth of commercial property deals in Australia so far in 2015. Colliers’ Nerida Conisbee expects Chinese activity in the local market to keep increasing. Mark Wizel of CBRE also notes growing interest among Chinese investors, particularly office buildings priced below $A50m and hotels.

CORPORATES
COLLIERS INTERNATIONAL HOLDINGS (AUSTRALIA) LIMITED, CBRE PTY LTD, CHINA INVESTMENT CORPORATION, PROPERTYLINK PTY LTD, PROPERTY COUNCIL OF AUSTRALIA LIMITED, JLL HOTELS

Chinese investment in property tipped to surge

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Original article by Sally Rose
The Australian Financial Review – Page: 22 : 22-Jul-15

The Chinese Government’s decision to make the nation’s sharemarket more accessible to international investors has prompted a rally in Shanghai Composite Index over the last year. However, some economists expect the relaxation of rules governing capital outflows from China to have a bigger impact in the long-term. Stephen Halmarick of Colonial First State Global Asset Management expects this to include a big rise in Chinese investment in Australia’s property market.

CORPORATES
COLONIAL FIRST STATE GLOBAL ASSET MANAGEMENT, ABERDEEN ASSET MANAGEMENT LIMITED, AUSTRALIAN INSTITUTE OF SUPERANNUATION TRUSTEES, SHANGHAI COMPOSITE INDEX, CHINA. NATIONAL BUREAU OF STATISTICS, MACQUARIE ASSET MANAGEMENT

Brinkworth may beef up holding

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Original article by Matthew Cranston
The Australian Financial Review – Page: 40 : 6-Jul-15

The rural property portfolio of S Kidman & Company has attracted interest from many potential buyers since it was put on the market in April 2015. South Australia-based grazier Tom Brinkworth is believed to be interested in buying some of the Kidman properties, but concedes that acquiring the entire portfolio – which comprises nearly 11 million hectares in total – may too ambitious.

CORPORATES
S KIDMAN AND COMPANY PTY LTD, ERNST AND YOUNG, SFM AUSTRALASIA PTY LTD

Gerry follows Gina into dairy

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Original article by Matthew Cranston
The Australian Financial Review – Page: 31 : 22-Jun-15

Harvey Norman co-founder Gerry Harvey has invested in Coomboona Holsteins, a 2,000-hectare dairy farm in regional Victoria. He is understood to be initially investing about $A20m in the farm, but this could potentially rise to around $A80m. Mining magnate Gina Rinehart is also actively investing in the dairy sector.

CORPORATES
HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, COOMBOONA HOLSTEINS PTY LTD, HOPE DAIRIES PTY LTD, CHINA NATIONAL MACHINERY INDUSTRY CORPORATION, BANNISTER DOWNS DAIRY COMPANY

Banks’ commercial exposure rises

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Original article by Matthew Cranston
The Australian Financial Review – Page: 38 : 1-Jun-15

The total value of Australia’s four largest banks’ commercial property portfolios increased by 6.5 per cent to $A202.3bn in the year to March 2015. This includes some $A70.3bn worth of office properties. The Reserve Bank’s latest Financial Stability Review highlighted the potential risk of revaluations in the sector, although Brian Johnson of CLSA argues that the banks’ exposure to commercial property development is the main factor to consider.

CORPORATES
RESERVE BANK OF AUSTRALIA, CLSA AUSTRALIA PTY LTD, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY