Property and Infrastructure

Transurban has revealed why it is a strong, defensive proposition with the latest statistics on its toll roads.

Brokers examine the outlook for Westfield Corp and Scentre Group as the dust settles on the restructure.

The outlook for Australian shopping centres hinges on category and geography. Overall A-REIT valuations look full but there are opportunities, such as newcomer National Storage.

Digital payments & banks; tough calls for insurers; foreigners & Oz housing; miner equity raising & exploration activity; and grocery prices.

Housing affordability is sufficiently attractive at current interest rates but BIS Shrapnel observes this may change in the next three years.

UGL will sell DTZ and its prospects lie solely with the engineering business outlook.

Oz broadband plans, IT risks, retail pressure, choosing mining services, NSW power play, potential brick JV and aluminium premiums.

The A-REIT sector looks well priced but supported by the yield spread to 10-year bonds. A peak is seen forming in residential and increased vacancy rates are likely in prime office space.

Consumer confidence fell sharply in May and UBS contemplates the outlook for retailers. Dun & Bradstreet reports on household financial stress levels.

Spark Infrastructure has acquired a stake in peer DUET Group via a complex derivative trade which has thrown up all sorts of possibilities in the utilities sector.