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1.5 metres to trigger real estate downfall

ALLY SELBY  |  WEDNESDAY, 8 APR 2020
Social distancing will impact all real estate sectors, including local and global REITs, according to global real estate manager Principal Global Investors. It comes a day after Prime Minister Scott Morrison announced a rent relief package for commercial ...

Wholesale property fund revises down valuations

KANIKA SOOD  |  TUESDAY, 7 APR 2020
This morning, GPT Group told investors in two wholesale funds of downward revisions to the book value, citing combination of drop of rental income and retail valuations post COVID-19. The GPT Wholesale Shopping Centre Fund recorded an 11% decline in ...

Charterhill founder incarcerated

ALLY SELBY  |  MONDAY, 6 APR 2020
... imprisonment, and will serve at least six of these behind bars. Charterhill Group, run by George Nowak, provided a "one stop shop" for SMSF clients; providing financial advice on establishing SMSFs, purchasing investment properties, property management ...

Asset devaluation continues

ELIZA BAVIN  |  FRIDAY, 3 APR 2020
Another industry super fund has reduced the value of its unlisted assets as the impact of the COVID-19 pandemic worsen. Hostplus has devalued assets within its property and infrastructure portfolios by a range of 7.5%-10% depending on the individual ...

Self-isolation to accelerate secular trends

HARRISON WORLEY  |  THURSDAY, 2 APR 2020
... major impacts will be to speed up some of the secular shifts the fund thought to be in play already, including the way people shop, and consume food and content. He believes that after experiencing the benefits of online grocery shopping or food delivery ...

Extraordinary stimulus provides wage subsidy

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... superannuation guarantee on this payment," Morrison confirmed. Frydenberg said employers who have been forced to shut up shop as a result of COVID-19 and have stood down or retrenched workers, could actually bring those workers back on the books with ...

Banks throw more businesses a lifeline

ALLY SELBY  |  MONDAY, 30 MAR 2020
Australia's banks will extend the six-month deferral of loans to 30,000 more businesses, in a bid to assist commercial landlords struggling to do the right thing by their tenants during the crisis. The Australian Banking Association's (ABA) small business ...

Early super access impact double Treasury estimates

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
As unemployment continues to rise, latest analysis of the implications of the government's early access to super initiative has seen the estimated cost of the measures almost double. Research house Rice Warner has assessed the impact of the government's ...

Chief economist update: The cheaper alternative

BENJAMIN ONG  |  WEDNESDAY, 25 MAR 2020
"Australia is following in the COVID-19 footsteps of the UK and experts are warning the floodgates are likely to open soon." This statement -- printed by the Australian Financial Review - talked about the rising number of infections in the UK and how ...

Chief economist update: Cash splash

BENJAMIN ONG  |  FRIDAY, 20 MAR 2020
"Whatever it takes and for however long it takes!" This is the collective battle cry of governments and central banks the world over as they try to calm nerves and get ahead of the coronavirus that's paralysed economic activity. Fiscal and monetary ...