Stockland CEO backs budget housing plan
Stockland chief executive Mark Steinert welcomed the housing affordability package.
Stockland chief executive Mark Steinert welcomed the housing affordability package.
Residential property investors face limits on deductions in a negative gearing clampdown that will generate an addional $800 million over four years.
Chinese investors have topped the list of foreign investment approvals for the 2015/16 financial year, pledging to invest $47.3 billion.
There are risks for developers from China's credit export restrictions.
Investors are being lured into social housing with tax incentives, new planning regimnes and new bonds backed by rents.
The government will start taxing foreigners who buy property in Australia and then let it sit empty.
It's crunch time for Cromwell Property Group's close to $3 billion tilt for Investa Office Fund.
Industry superannuation fund-backed ISPT is in talks to buy a half-share in National Australia Bank's new $800 million home in Melbourne.
Retirees will be able to inject up to $300,000 into superannuation if they sell their home after they reach the age of 65.
Cromwell is under pressure to lift its takeover offer for the Investa Office Fund to at least $5 per security.
Enjoy unlimited access to Australia's best business news and market insights across desktop, tablet and mobile
Already a subscriber? Log in