A Knight Frank study shows Chinese investors have been moving from core office and residential developments into leisure and industrial assets when they seek opportunities in overseas realty markets. In 2014, Australia recorded the strongest growth in inbound real estate investment from China, with a rise of more than 60 percent year-on-year.
Mirvac Group has posted a 2014-15 interim operating profit of $A231.2m, which is 15.5 per cent higher than previously. CEO Susan Lloyd-Hurwitz says the group benefited from the strong residential property market in Sydney.
A growing group of home buyers wooed to Byron Bay. While many homeowners buy property as vacation homes, real-estate agents say more people are moving here full time because of Byron Bay’s geographical setup.
Bankstown in Sydney's west is set to catch up with the rest of the city's strong real estate market, as two properties worth more than $90 million hit the market in the coming weeks. Bankstown experienced one of the highest increases in residential land values– 29 per cent – across the Sydney metro region in 2013-14.
Credit Suisse believes that Stockland could make a cash and scrip offer for Novion Property Group, blocking the latter's proposed merger with Federation Centres. A combined Novion-Federation Centres would boast a retail property portfolio worth $22 billion, while Stockland owns some $5.7 billion worth of retail assets.
Australian construction group Leighton Holdings has posted a net profit of $A676.5m for the 2014 calendar year, which is 33 per cent higher than previously. The group expects its net profit for 2015 to be within the range of $450 million and $520 million.
Australia’s biggest bank emphasised technology and digital platforms are a key point of difference when it announced its half-yearly profit results yesterday.The lender posted a statutory NPAT of $4.5 billion, up 8 per cent, and a cash NPAT of $4.6 billion – also up 8 per cent, in the six months to 31 December 2014.
Dubai’s real estate moguls are betting on another property boom. Many property magnates are back building weird, wonderful and some say wildly over-ambitious projects in another go-go era for the city.
