Westpac Forecasts 15% Spike in House Prices- Real Estate Weathering The COVID-19 Storm?

• Aug 16, 2020 AEST
• Hina Chowdhary

Summary Property market felt the wrath of COVID 19 when all of a sudden, the world found itself in the lockdown with permission to go out only for essentials. Economic downturn and uncertainties also lowered business and consumers' confidence. ...

• Aug 10, 2020 AEST
• Kunal Sawhney

Australian housing values were down for the third consecutive month of drops in July 2020, with home value index of CoreLogic falling by 0.6% over the month. However, it demonstrated a marginal upturn from June when the national series dwindled by ...

• Aug 08, 2020 AEST
• Team Kalkine

Summary Charter Hall Long WALE REIT has disclosed full-year results for the period ended 30 June 2020. Most of the gain in income of the trust was driven new acquisitions during the year, which totalled $ 1.4 billion. Since the trust has predom...

• Aug 06, 2020 AEST
• Team Kalkine

Summary The Australian property market has fallen during the COVID-19 pandemic due to increasing rates of unemployment and credit dwindling. Scentre Group to report net operating cash flow of more than A$250 million for half-year ended 30 June ...

• Aug 05, 2020 AEST
• Hina Chowdhary

Summary Real Estate sector was one of the hardest hit sectors by the SARS-CoV-2 outbreak. Centuria Property Funds Limited reported a fall in its statutory net profit from A$53.6 million in FY2019 to A$23.1 million in FY2020. Centuria Industria...

• Aug 01, 2020 AEST
• Kunal Sawhney

Summary The Federal Government is ramping up infrastructure spending, which would create job opportunities and keep businesses afloat. In addition to an investment of AUD 100 billion over ten years from 2019-20, the government has announced fun...

• Jul 29, 2020 AEST
• Hina Chowdhary

Summary Ingenia Communities acquires 100% interest in the New Victorian lifestyle community for ~A$7 million. Charter Hall Retail REIT has bought A$111.8 million (52%) interest in A$215 million superior quality purpose-built distribution capaci...

• Jul 27, 2020 AEST
• Kunal Sawhney

Summary Fletcher Building has reported a new completion date for the motorway between Puhoi and Warkworth. The company was also repaying a USD debt facility, which had the most expensive servicing costs. James Hardie has seen a better-than-expe...

• Jul 20, 2020 AEST
• Kunal Sawhney

Summary As per the latest update, housing values fell by 0.7% in June after a 0.4% fall in May, but market activity has improved. The drop in home values has been mild due to significant government stimulus, low-interest rates, scarcity of adve...

• Jul 15, 2020 AEST
• Team Kalkine

Summary TSX Real Estate Index has dropped by 23.63 percent since the beginning of the year; investors have also shunned REITs Overall sales and prices are projected to remain below pre-COVID levels by the end of 2022. Federal housing agency fi...