REAL ESTATE INVESTMENT – AUSTRALIA

Negative gearing main factor in high house prices: Saul Eslake

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Original article by Nick Lenaghan
The Australian Financial Review – Page: 34 : 29-Oct-14

Bank of America Merrill Lynch economist Saul Eslake has downplayed the role of foreign investment in the rising cost of residential properties in Australia. He argues that negative gearing has been a major contributor to the housing boom. Other factors cited by Eslake include the chronic housing shortage and the preference for Australians to live in more expensive inner-city suburbs

CORPORATES
BANK OF AMERICA AUSTRALIA LIMITED, MERRILL LYNCH (AUSTRALIA) PTY LTD

O’Dwyer seeks harsher penalties

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Original article by Nick Lenaghan, Joanna Heath
The Australian Financial Review – Page: 5 : 1-Oct-14

Harsher penalties have been proposed for foreign real estate investors who do not comply with regulations. Kelly O’Dwyer, head of the Australian parliamentary inquiry into foreign investment into real estate, said that few breaches were detected as foreign investors had to self-report to the Foreign Investment Review Board. Analysis by First National Real Estate found that prices had increased in some suburbs in Sydney and Melbourne that were popular with Asian investors

CORPORATES
AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, FIRST NATIONAL REAL ESTATE GROUP, RP DATA LIMITED, CORELOGIC AUSTRALIA PTY LTD, AUSTRALIAN PROPERTY MONITORS PTY LTD, FAIRFAX MEDIA LIMITED – ASX FXJ

Higher yields attract capital

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Original article by Robert Harley
The Australian Financial Review – Page: 37 : 16-Sep-14

Australia has attracted more than its share of global investment in commercial real estate since 2005. CBRE reported that Australia has attracted five per cent of investment, while accounting for only two per cent of the global economy. Stephen McNabb, of CBRE, said that Australia’s stable economic conditions led to higher interest rates and yields. He expects the trend to continue for 12-18 months

CORPORATES
CBRE PTY LTD, GIC REAL ESTATE PTE LTD

Woolworths’ pub fund lightens load with $603m property sale

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Original article by Ben Wilmot, Richard Gluyas
The Australian – Page: 17 : 9-Sep-14

Real estate funds management group Charter Hall and industry superannuation fund HOSTPLUS will jointly pay $A603m via a new unlisted vehicle to acquire pub assets. The seller of the freehold properties is the ALH Group linked to bottle shops and pubs operator Woolworths. The latter, through its venture with entrepreneur Bruce Mathieson, will lease back the 54 sites. The real estate holdings divestment by Woolworths has now reached $A2.9bn in value

CORPORATES
WOOLWORTHS LIMITED – ASX WOW, CHARTER HALL GROUP – ASX CHC, AUSTRALIAN LEISURE AND HOSPITALITY GROUP LIMITED, BRUANDWO PTY LTD, HOST-PLUS, MH CARNEGIE AND COMPANY PTY LTD, AUSTRALIAN PUBS FUND, DAN MURPHY’S, BWS – BEER WINE SPIRITS, SHOPPING CENTRES AUSTRALASIA PROPERTY GROUP – ASX SCP, LAUNDY HOTELS PTY LTD, TELSTRA STAFF SUPERANNUATION SCHEME, ALE PROPERTY GROUP – ASX LEP, HOTEL PROPERTIES INVESTMENTS – ASX HPI, COLES GROUP LIMITED, WESFARMERS LIMITED – ASX WES