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Category Archives: Commercial real estate
Construction work falls 4.6%
Total construction work in Australia fell 4.6% s.a. according to ABS figures released today, below expectations. See http://www.smh.com.au/business/big-slump-in-construction-work-20120229-1u20r.html
Low end housing positive says Stockland
In an article in todays AFR, Matthew Quinn, Stockland, says the outlook for low end house and land packages is improving (below $350,000) and that they started to see a turnaround mid 2011, though he doesn’t specify which geographical markets … Continue reading
Perth office market attractive says AMP
Henry Elliot, fund manager of the AMP Capital Investors Wholesale Office Fund, says that investing in the Perth office market is attractive, reflecting their desire to invest in growth markets. Perth, with vacancy rates down to 2%, and premium buildings … Continue reading
Building approvals fall in September
Building approvals fell again in September,residential down 13.6% mom (12.0% yoy) and non-residential down 19.9% mom (24.3% yoy) For residential annual dwelling approvals are down to 132,000 dwellings over the past year. This is not all bad news for the … Continue reading
Commercial loans up
Commercial finance commitments by lenders rose 8.7 per cent, seasonally adjusted, to $32.126 billion in May, from $29.558 billion in April, figures show. That followed a fall of 8.2 per cent in April, continuing a series of zig-zags around a … Continue reading
