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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 study examines the stock price reactions to the announcements of corporate real estate disposals by listed non-property … show that the cumulative abnormal returns associated with the property disposals differ significantly in different economic … conditions. Price reaction for property disposals before the Asian financial crisis is consistent with the normal investor …
Listed property trust (LPTs) have been the most successful indirect property investment vehicle in Australia. Surveys … and Myer, 1995; Wilson and Okunev, 1996, 1999; Wilson et al, 1998), the equivalent relationship between property trusts …
The listed property trust (LPT) sector has undergone considerable change in recent years, including increased levels of … international property, increased levels of debt, incorporating property development activities via use of stapled securities …, significant mergers and acquisitions, and including emerging property sectors in LPT portfolios. By analysing LPT performance over …
Recent years have seen increased attention given to the real estate investment opportunities available from the non-traditional real estate sectors such as self-storage, healthcare, and other specialty real estate sectors. In particular, these non-traditional real estate sectors in equity REITs...
Fractional interests in commercial property have taken on increased importance as institutional investors seek to … manage single-asset risk in their property portfolios. By assessing the ownership arrangements of over 8,000 commercial … properties, the level of fractional interests in listed property trust (LPT) property portfolios in Australia over 1991-2004 is …