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This paper investigates the existence of house price bubbles in Australia's eight capital cities in recent years by using quantitative analyses including Johansen cointegration test, Granger causality test, impulse response and Chow forecast test. While interactions between house prices and...
Mergers and acquisitions within the Australian-real estate investment trusts (A-REITs) sector have become a noticeable trend in the last decade. Utilising event study methodology, 36 successful A-REIT mergers and acquisitions between January 1995 and December 2008 were examined. Both target and...
transformed into the Australian central business districts. The information will be of benefit to property analysts, developers …
Some activities that are applied in the property market to facilitate transactions have the potential to lead to … particularly in the residential market. The definition of market value is visited and the nature of ethics in property transactions …
Purpose – The purpose of this paper is to provide a review of the recent literature on internal audit independence and objectivity and discuss opportunities for future research. The topics examined are the organizational status of internal audit, the internal auditor's dual role as a provider...
This paper examines the short and long-term comovements among UK regional property markets over the period 1976 … significant long-run causal linkages between the various UK property markets. In terms of the percentage of variance explained … West. This suggests that opportunities exist for portfolio diversification in UK regional property market. …
Using panel data methodology, the determinants of capital structure in 34 Australia listed property trusts (A … property sector effects are inconsistent in various models. Furthermore, industry specific factors of stapled management …
The paper examines the decision by Australian Real Estate Trusts (A-REITs) to issue seasoned equity offerings from 2000 - 2008 and stock market reaction to the offerings using panel data and event study methodologies, respectively. The global financial crisis has resulted in freezing of the...
Balancing demand and supply is at the heart of the corporate real estate planning challenge. Real estate commitments, which are often long-term by nature, are at odds with the quickening competitive environment in which many companies operate today. The “structuring dilemma” is grounded in...
property sector’s dependence on bank financing The CMBS market has been one of the most dynamic and fastest-growing sectors in … of asset classes backing the issues and transaction types, tightening spreads, and record issuance volumes. High property … market transparency (Jones Lang LaSalle 2006b) and predominance of Listed Property Trusts (LPT) as CMBS issuers (Standard …