Investment News

Red tape that restricts overseas investors from buying Australian farms should be removed to promote more foreign investment, a report has found.

Victoria was once dubbed “the place to be”, and the slogan is ringing true for commercial property, with sales in the last financial year almost doubling the 10-year average.

Property funds manager and ­value-add property specialist Propertylink is close to inking a deal to buy the near $200 million Denison portfolio as it bulks up ahead of its initial public offering. This article originally appeared on theaustralian.com.au/property.

International retail landlord Westfield Corporation has had its profit expectations downgraded by Macquarie because of the volatile British and US retail markets and fluctuating currencies. This article originally appeared on theaustralian.com.au/property.

Retail investors spent almost $10 billion acquiring new assets during the last financial year – eclipsing the five-year average by almost $3 billion.

Listed hotel management company Mantra Group has more than 20 Asia-Pacific and domestic properties in its pipeline and has unveiled an increased offshore focus. This article originally appeared on theaustralian.com.au/property.

Chinese investors spent $24bn on Australian property in 7 years – much of it commercial property. What are Chinese buyers looking for?

With the fate of Australia’s leadership hanging in the balance there are significant implications for our commercial property market, depending on how the votes fall in the coming days.

There will be no repeat of Australia’s record commercial property sales from the past two years, experts say, with the market slowing slightly in the last financial year.