Which is better: Commercial or Residential properties?Read More
REA Group, the company behind realestate.com.au, has posted a strong jump in half year profits partly due to more higher paying customers.
The online real estate giant made a profit of $121 million in the six months to December 31, up 28 per cent on the prior corresponding period.Read More
Home values in Sydney and Melbourne rose in January after falling in the final quarter of last year.Read More
Opposition Leader Bill Shorten says the case has not been made for re-establishing a building industry watchdog.
In light of findings from the trade union royal commission, the government will again pursue legislation to create the Australian Building and Construction Commission when parliament resumes next month.Read More
Building approvals figures out Thursday are expected to show a very mild downtrend in construction activity.Read More
Property hunters have big hopes for the new year, with tighter restrictions for foreign investors high on their Christmas wish lists.Read More
Sydney and Melbourne's home property markets might be coming off the boil, but commercial real estate is tipped to boom in those cities for at least another year.Read More
The central bank says there is an increased risk of a drop in office values, which could weigh on future economic growth.
The Reserve Bank said an influx of investment from overseas has led to an oversupply of office space in some cities, particularly Perth and Brisbane.Read More
A senior Reserve Bank official is urging regulators not to ignore the boom, and the subsequent risks, in the commercial property market.
Dr Luci Ellis, the RBA's financial stability head, says the property market is not just about household mortgages and that policymakers and risk managers need to pay attention to commercial property loans.Read More
The strong housing market has helped boost homewares retailer Harvey Norman's annual profit, and the retailer expects that support to continue over the medium term.
Harvey Norman's annual net profit for fiscal 2015 has risen 26.6 per cent to $268.1 million, from $211.70 million last year.
Excluding property revaluations, annual net profit was up 19 per cent to $261.84 million, from $220.1 million.Read More
Improved property values have driven strong half year profit growth for office, shopping centre and warehouse owner GPT Group.
The company said growth in the underlying value of its properties was supported by higher income from its 16 shopping centres and 24 office blocks in particular.Read More
It's not just the housing market that has the Reserve Bank of Australia worried.
Sure, high housing prices and the risks they pose to the banking system and the economy are the talk of the town.Read More
Foreign investment in Australian commercial real estate has touched a new record, with overseas interests buying one in three non-residential buildings sold.
A record $28.1 billion was spent on commercial real estate last year, with most of that spent on office space, research from property group Dexus found.
The proportion of foreign investment in commercial property also hit a record in 2014, comprising 32 per cent of all transactions.Read More
Manufacturers are gaining a new lease of life from rising building activity and a sustained depreciation in the Australian dollar.
After years of being in the doldrums, new figures indicate the manufacturing sector has been expanding for five consecutive quarters.
The composite index of the Westpac-Australian Chamber of Commerce and Industry industrial trends survey rose to 54.2 points in the December quarter from 52.1 points in the previous three months.Read More