Property and Infrastructure

While short of surprises the Westfield quarterly showed the underlying business remains solid and brokers continue to see relative value in the stock.

Goodman Group has divested a non-core asset at a reasonable price and brokers have responded positively, continuing to take a positive view on the stock’s outlook.

ANZ Bank’s latest report into the Australian commerical property market shows confidence levels remain high despite the global financial crisis.

The share price slump in Reckson New York encouraged Credit Suisse analyst to meet with management. They left the meeting with the view dividends will pay investors to wait for a turnaround.

If you thought house prices in Australia were finally in for a decline, the message is clear: it just aint gonna happen.

Were Australia’s as yet robust housing market to follow the US into a slump, one mortgage lender has created a new product that may interest the cautious mortgage holder.

Austock Securities has initiated coverage on property developer Sunland Group with a Hold rating but sees earnings upside longer-term from the group’s exposure to the Dubai and UAE markets.

Higher interest rates will impact on activity in the sector but St George Bank expects Australian residential property prices will grow by 5-10% over the next year.

Increased demand from professionals and international students and ongoing supply constraints mean inner Sydney apartment rents will continue to increase according to market forecaster BIS Shrapnel.

Centro-shattered Goodman has vindicated broker confidence by posting a strong first half result. The only LPT to own?