NEWS Limited’s $2 per share takeover bid for property website realestate.com.au undervalues the company by between $51 million and $78 million, according to an independent expert’s report released yesterday.
In their target statement, the independent directors of the publicly listed realestate.
com.au again rejected the takeover bid by News Limited, publisher of The Australian, which owns [...]
AFFORDABLE home ownership has slipped further from reach with a US report revealing Australian real estate is the most expensive in the world when adjusted to median household incomes.
Access Economics director Chris Richardson said four Australian cities featured in the world’s 10 most expensive, when median house prices were compared with median household income.
The data [...]
Global investment in real estate increased by 12% to US$457 billion in 2004 (on 2003) according to a report published by Jones Lang LaSalle. Of this total, Asia Pacific accounted for 11% at US$48.3 billion. The report, “Global Real Estate Capital – Travelling Further to Return Stronger” also identified that 60% of cross border investment [...]
CENTRO Properties Group says it is well positioned for the future and will continue to seek acquisitions in the retail property sector.
The real estate trust today announced a net profit of $179.60 million for the year to June 30, 2005, compared to a profit of $33.48 million in the previous year.
Revenue was $317.83 million, up [...]
Lesson From Down Under
Australia has had a housing boom that now seems to have subsided. Prices in some areas have gone flat and in other areas have actually dropped. One factor that might have put some control on runaway housing prices in Australia is the action by the Reserve Bank of Australia, the equivalent of [...]
TAX inspectors will cross reference property sales with tax returns to stop investors avoiding paying capital gains tax.
The Australian Tax Office’s yearly tax-return crackdown will also focus on teachers, chefs and builders as it runs the ruler more closely over work-related expenses.
Taxation Commissioner Michael Carmody has also vowed to beef up tax-related prosecutions and warned [...]
News Article “SHADY BOYS HEAD TO SUNNY STATE”
SHADY BOYS HEAD TO SUNNY STATE
Selling English cow paddocks to Queenslanders!
This weekend the shady boys from European Land Sales (ELS) are heading north to the Sunshine State.
They’ve booked themselves Stall Number 16C at the Brisbane Property Expo where they’ll be standing out the front – [...]
Article “THE BANGARU FRAUD”
His Stitched List put him on the Rich List.
If you travel the Sydney motorways, you may see Kim the toll collector.
Kim’s one of those people you instantly like. Her face may be weary but her smile is always warm.
Despite problems from breast cancer to financial struggles, Kim’s not one to [...]
Real estate institute backs vendor tax decision
The Real Estate Institute of New South Wales says the NSW Government’s decision to abolish the unpopular vendor tax on investment properties has resulted in an immediate bounce in the local market.
The new Premier, Morris Iemma, announced the move yesterday, effective immediately.
Illawarra Real Estate Institute chairman Leigh Stewart says [...]
IN SEARCHING for the perfect home, remember that two critical elements should be present — the right location and the right house. It can be really difficult to search for one and it requires many weekends of searching, a lot of time and most importantly, a lot of patience. One has to physically visit a [...]