Monday 3 October 2011

PROPERTY

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Top business leaders on key issues in The Australian's in-depth section

NEWS

Share selloff wipes $32bn

REGIONAL sharemarkets tumbled on deepening debt worries in Europe and concerns about China's slowing growth rate.

BREAKING NEWS

Greece deficit cuts slowed by recession

GREECE'S economy will remain in recession next year, with rising unemployment underscoring the difficulties the country faces.

WORLD BUSINESS WITH THE WALL ST JOURNAL

EU ministers to discuss stimulus

EUROPEAN finance ministers this week will discuss if nations with the strongest public finances can provide some budget stimulus.

FINANCIAL SERVICES

Home buyers take up fixed-term rates

HOME buyers rushed to lock in lower fixed-term interest rates last month amid increasing uncertainty about the economy.

AVIATION

Shop around for better travel insurance

AUSTRALIANS heading overseas should shop around for travel insurance and could find smaller, specialist providers are cheaper.

SMALL BUSINESS

Seriously light reading for everyone

Avid bibliophiles no longer need to lug along a weighty bunch of books on their travels.

IN-DEPTH

Fears hold back recovery

IT is now four years since the onset of the global financial crisis and it seems to me that there have been three distinct phases.

Cities defy global weakness

Brisbane River
AUSTRALIA'S capital city office leasing markets are defying the weak global economic sentiment.

Realtors disagree on office decline

Perth skyline
Perth's office vacancy rate is falling, but the rate of decline is subject to dispute.

We need to become the skilled country

Bernard Salt thumbnail
THE Australian economy is changing, as is the workforce.

Suncorp cuts development field

suncorp2
SUNCORP has narrowed the field to develop its $250 million-plus headquarters in Brisbane.

Germans bid $190m for ASX site

Australian Stock Exchange
eutscheAnother asset of the failed Record trust may be about to go.

Scottish bank may lose $1bn on sale

Lloyds Bank
Bank of Scotland International is expected to sell up to $2 billion worth of Gold Coast and New Zealand property loans.

Buyers' thirst for brewery land

Sam Tarascio
The takeover of Foster's could see an enormous piece of prime real estate in inner suburban Melbourne placed on the market.

Cromwell for Leighton offices deal

Paul Weightman
Leighton Properties is finalising the sale of two Brisbane properties to local investor Cromwell in a $277 million deal.

Bourke Street sale comes with bonus

Shopping
Charter Hall is finalising a deal to purchase a Bourke Street office building from Eastern Holdings.

GPT takes over the management reins

Michael Cameron
GPT Group will internalise the property management services of the 16 industrial and office assets it owns following a strategic review.

Sales right up Malaysians' alley

Melbourne skyline
When SP Setia, held a preview of its first Australian project, it sold $112m worth of units in three days.

Third tower wraps up development

Singapore Marina Bay
Singapore has transformed its CBD on reclaimed land.

QIC raising yields $1.72bn

QIC building Queen St
Queensland Investment Corporation has reshuffled the investors in its flagship property fund.

Overseas investors make inroads

two Westfield office towers
OVERSEAS investors are propping up activity in the commercial property market - especially in Sydney - as domestic investors desert the field.

GDI sets its sights on Brisbane and Perth

Steve Gillard
SYDNEY-based property fund manager GDI Property Group is targeting Brisbane and Perth for further acquisitions.

Profits for sustainable fitout pioneer

Sarah Danckert
ISIS decks its halls with all the environmentally sound and employee-friendly bells and whistles that one could need.

China not the only coal in the fire

terry ryder
A common question I get at seminars is: what if China stops buying our resources?

Home buyers take up fixed-term rates

housing
HOME buyers rushed to lock in lower fixed-term interest rates last month amid increasing uncertainty about the economy.

Redcape lenders call time

pub drinkers
A GROUP of Redcape Property's senior lenders has called last drinks at the struggling pub group.

Only way is up for house market

Auction
THE housing market is beginning to show signs of life as new data indicates national house prices have reached their bottom.

Judge to rule on key Centro decision

centro
A CRITICAL court decision on the creation on a new Centro entity will be delivered on Thursday.

Where's a cashed up investor to go?

High-rise buildings
WHERE are the best opportunities for cashed-up private investors: the office sector, retail or industrial? Do any locations stand out?

Farmers throw crisis to the wind

terry ryder
READING about real estate lately has put me in mind of the 1973 movie The Day of the Jackal and a great album produced two years later by British rock band Supertramp.

Gateway to the good life

Sanctuary Cove
FANCY living in a five-star resort with all its amenities at your disposal, a golf buggy to zip about in and security guards to keep everything safe and orderly?

House prices continue to fall

House prices
AUSTRALIAN capital city house prices continued to fall in August, with only Sydney bucking the trend, says RP Data-Rismark.

PwC spanner in the works for Centro

Centro
THE former auditor has also been listed on class action claims.

House prices on the slide

David and Catherine Digger
RESEARCH shows more than 300,000 homes nationally are today worth less than their owners paid for them

House prices to post more falls

Housing
NATIONAL house prices are expected to continue to fall in the next 12 months, dragged down by Victoria and Queensland.

Mortgage pain hits boom states

banks
HOMEOWNERS' ability to pay mortgages has "materially deteriorated" and Australia's boom states ironically show the most stress.

Foreigners pile in to property

Commercial property
FOREIGN investment in Australia's commercial property market has surged 41 per cent and Sydney's CBD is a prime attraction.

US property market lacking life

House
NEW home sales in the US fell for the fourth straight month in August, inline with expectations.

PwC seeking new judge in Centro case

Aus Bus Pix Centro Properties Group
LAWYERS for one-time Centro auditor PwC is seeking to remove judge John Middleton from the trial of two Centro class actions.

Worried home buyers keep saving

mortgage
AUSTRALIANS with mortgages are saving more for a rainy day as growing global financial turmoil unnerves them, a survey shows.

Mortgage brokers 'more engaged'

Property investment
MORTGAGE brokers are more engaged with their customers than banks and credit unions are, a new survey has found.

More city buyers find apartments stack up

Majella Corrigan
IN some cities there is a big, and growing, gap between the price of apartments and houses.

A tale of two property markets

Max Walsh
The housing markets of China and the US are of direct and indirect consequence for Australian investors.

REITs regain their defensive role

View of Pyrmont and the Sydney skyline
Real estate investment trusts now derive 92 per cent of their income from rent.

New ways of looking at social housing

Public housing
THE crisis in affordable accommodation is being addressed by innovative schemes.

City markets hold on in hard times

Terry Ryder
HOUSE prices in the big cities are not keeping up with the best of the regions, but they are continuing to maintain their defiance.

On sheep's back with a slice of history

Shearing shed
LANDMARK stations have been put on the market in  some of Australia's prime wool-growing country.

At the temple of tourism, beware mass approach

escape uluru
YEARS ago it was the Japanese. Now it's the Chinese, Indians, Russians: the future of tourism, mass tourism, everybody says.

Can shops survive the online onslaught?

As the experts
CAN shopping centres survive the assault from on-line retailing, particularly when consumers are increasingly keeping their wallets shut?

A tale of two cities

carey Ramm
TOWNSVILLE has a solid public base, but if tourism suffers so does Cairns.

Mining link in mortgage arrears

USA-ECONOMY/HOUSING
AN INVESTMENT surge in WA and Queensland property is one of the driving forces behind a recent pick-up in mortgage arrears.

Brickworks downbeat on housing

Lindsay Partridge
BRICKWORKS Ltd said today there was little chance of a recovery of Australia's housing market in the near term.

The hunt for a trophy husband

Bernard Salt
LATE last month I was a panellist in a conference session titled a New Era of Work, which explored work habits.

InterContinental nets $40m

Wellington cable car
EUREKA Funds management has sold the InterContinental Hotel in Wellington to a New Zealand buyer for $NZ50 million ($40m).

Frasers touts Thames project

Stanley Quek
INTERNATIONAL developer Frasers Properties last month targeted Australian buyers for its latest London apartment project.

Time to kill stamp duty

Housing
AN overhaul of state property taxes could do more to make housing affordable than changes to negative gearing or rent assistance.

Pressure builds as sales deadlines loom

multiplex
THE struggling Gold Coast property market is at a critical point, with 500 apartmentsdue to settle by the end of the year.

Asia likely for Sea Temple

Sea Temple
WEALTHY Asian investors are being courted to buy Juniper Group's Sea Temple Golf and Country Club at Port Douglas.

Ex-Austexx centre for sale

Graeme Samuel
RECEIVERS have listed for sale the site of a $200 million shopping centre development in Townsville previously owned by Austexx.

Edgar for top Centro job

Bob Edgar
BOB Edgar will be chairman of a new $3 billion listed fund if the merger of Centro Properties and Centro Retail goes ahead.

Schwartz tees up Leura brewery

Jerry Schwartz
  Jerry Schwartz has purchased the Leura Golf Course in the NSW Blue Mountains for $2 million.

Landlords go easy on battlers

Russell Zimmerman
Shopping centre landlords are softening their stance towards struggling tenants.

Stockland offloads retail centres

Matthew Quinn
Bay Village in NSW is the latest site to be earmarked for sale.

A laptop's all you need at new CBA

CBA
Worker output is more important than a physical presence at CBA's Darling Quarter.

Aspen to expand mining accommodation

Gavin Hawkins, Aspen Group
Aspen Group is expanding its mining accommodation business in Queensland and South Australia.

Property safe while markets panic

frank gelber
World equity and debt markets are in turmoil. Fear rules.

Marina berths snapped up

Don O'Rorke
Consolidated Properties has clinched more than $2 million in marina berth sales at Hope Island.

Falling prices debunk housing myth

Terry Ryder
Federal politicians might want to consider a royal commission into the alleged housing shortage.

Housing the 'Greece' of US

housing foreclosure US
FORGET gingerbread. Baklava is the more appropriate pastry when thinking of US housing.

House market marking time

110921 house of cards
THE immediate outlook for property prices is for more losses in most capital cities.

Centro battle is far from over

Nabila Ahmed
AS the pieces for Centro's salvation finally come together, two separate groups of stakeholders are sharpening their knives.

Bricks and mortar safe as houses

Housing
QUALITY property remains a way to build wealth.

Stockland reviews executive pay

stockland
STOCKLAND'S stance on executive pay is up for review following criticism of  a pay rise to its managing director.

Former GPT man to steer Valad

Former GPT man to steer Valad
FORMER GPT Group head Nic Lyons has been appointed chief executive of Valad Property Group.

Ex-GPT head Lyons to run Valad

Nic Lyons
FORMER GPT Group head Nic Lyons has been appointed chief of Valad Property Group after it was taken over by Blackstone.

China's house prices cool a bit

China property market
NEW home prices rose in fewer Chinese cities in August, indicating Beijing's tightening efforts are showing modest results.

Quiet achiever in eye of the storm

yarras edge
QUESTIONS are being asked about the Mirvac boss's patient leadership style.

Tunnel vision

Mushroom farming
THE scientist who made a disused railway line the hub of an exotic new industry.

Scarcity of good stock fires up market

78 Blessington
PUNDITS in Melbourne say there has been a spike of activity for top-end homes.

Politicians add pain to home buyers

Terry Ryder
CONFIDENCE is sagging in Australia at a time of economic prosperity because of the standard of political and corporate leadership.

Are more LPT takeovers in the wind?

Illustration: Eric Lobbecke
Do you expect more takeovers in the listed property trust sector? Who are the likely predators and what sectors are most attractive?

Brisbane's west lures investors

Gateway Bridge, Brisbane
COMMERCIAL activity is on the rise in Queensland, creating thousands of jobs.

Opinion

John Durie

'The NSW dairy company Bega Cheese will buy the rest of the Victorian co-op Tatura Milk'

BEGA Cheese is set to expand, buying out the last of the farmers in Victorian Co-op Tatura Milk for about $35 million in scrip.
Andrew Main

'There were glimmers of hope on US debt and the Greek crisis, and then the Hang Seng fell 4.4 per cent'

WE had mostly put the US debt crisis behind us, been hoping for a Greek bailout, and then the Hang Seng fell 4.4 per cent.
Matthew Stevens

If you thought the tension between Patrick and the Maritime Union had ended, join the club'

IF you thought 12 months of tension between Patrick and the Maritime Union had ended in August, join the club.
Nabila Ahmed

'What investors will pay and how strategic investors value assets has been laid bare over Aston Resources'

WHAT equity market investors will pay and how strategic investors value assets has been laid bare again.
Henry Thornton

`Despite many strains, the overall economy is still robust'

DESPITE  many strains, the overall economy is still robust and the central bank is likely to hold the interest rates steady.
Rick Wallace

'Japan's main economic survey has indicatated rising in confidence among major employers'

AMID the tide of dismal economic news, Japan's main economic survey has revealed a rise in confidence among employers.
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OPINION

Personal space invaders

I HAVE a problem with lifts. They need to be designed to take into account modern concepts of etiquette.
1 of 1

Commercial Property Top Gainers & Losers

Company Name Price Change %Change
Phileo Aust 2.17 +0.17 UP +8.5%
Mirvac Industrial 0.08 +0.00 UP +5.26%
Trinity Group 0.20 +0.00 UP +2.56%
Real Estate Capital Partners... 0.62 +0.01 UP +1.63%
Cedar Woods Properties ... 3.75 +0.05 UP +1.35%
Goodman Group 0.52 -0.05 DOWN -8.7%
Charter Hall Retail ... 3.00 -0.13 DOWN -4.16%
ING Real Estate Community... 0.12 -0.01 DOWN -3.85%
Thakral Holdings Group ... 0.50 -0.02 DOWN -3.85%
Aspen Group 0.38 -0.02 DOWN -3.8%

'Tsunami' to hit Aust real estate

A US forecaster says Aussie real estate will fall as an 'economic tsunami' looks set to hit world markets.

'Tsunami' to hit Aust real estate

A US forecaster says Aussie real estate will fall as an 'economic tsunami' looks set to hit world markets.

Cropping land laws to be introduced

Cropping land laws to be introduced
The Qld govt will bring legislation before parliament to protect the state's best farm land from mining.
28 September 2011 2:08 NDM CP - Sky News
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House sales rise again

House sales rise again
Home buyers, especially those on the east coast, have been outside, taking advantage of the spring weather.
19 September 2011 0:24 NDM CP - TEN
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Europe's largest mall analysed

Europe's largest mall analysed
Bridget Carter from The Australian speaks about Westfield's latest retail opening, the largest mall in Europe.
15 September 2011 5:46 NDM CP - Sky News
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Investors seek luxury London property

Investors seek luxury London property
Foreign investors turn to London real estate as a safehaven asset, amid global market turmoil.
1 September 2011 2:04 NDM CP - Reuters
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Cash offer to leave town

Cash offer to leave town
Sydney home owners are being offered cash bonuses to sell-up, and move away from the city.
22 August 2011 2:01 NDM CP - TEN
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Sydney expensive to live in

Sydney expensive to live in
It probably won't come as much of a surprise to those who live there but Sydney has been named the seventh most expensive place to live in ...
17 August 2011 0:32 NDM CP - TEN
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The Liverpool Plains mining debate

The Liverpool Plains mining debate
A debate is raging as concerns rise over Chinese-owned Shenhua Watermark Coal's plan to mine in the Liverpool Plains. Vision: Sam Mooy
1 July 2011 4:03 The Australian
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Regional towns are Australia's muscle

Regional towns are Australia's muscle
Big regional towns or "muscle towns", as demographer Bernard Salt calls them, will grow to another level in the near future.
14 June 2011 3:19 The Australian
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Australia's cities will regionalise soon

Australia's cities will regionalise soon
Demographer Bernard Salt has a positive outlook for the nation's cities but says jobs must move out of CBDs.
10 June 2011 2:32 The Australian
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Virtual display units

Virtual display units
Hi-tech animators give real estate developers a new way to sell off the plan. Audio: Fred Pawle
3 June 2011 1:01 The Australian
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Live like Alex Perry

Live like Alex Perry
As Alex Perry Residential is launched in Brisbane the fashion designer says the project is big and will keep growing.
1 June 2011 1:52 The Australian
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Port Lincoln: a charming boom town

Port Lincoln: a charming boom town
Now is the time to visit South Australia's Port Lincoln, which is booming thanks to tourism and fish farming. Audio: Jo Studdert
27 May 2011 2:50 The Australian
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What's a view worth?

What's a view worth?
First-time property developer Rowan Wall shows Fred Pawle around a harbourside penthouse - on the market for $10m
25 March 2011 3:38 The Australian
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Thinking beyond the cube

Thinking beyond the cube
Cybertect James Law takes Weekend Property around The Pad, a futuristic development in Dubai.
8 October 2010 2:57 The Australian
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'Tsunami' to hit Aust real estate

'Tsunami' to hit Aust real estate
A US forecaster says Aussie real estate will fall as an 'economic tsunami' looks set to hit world markets.
12 September 2011 0:32 NDM CP - Sky News
Watch video
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