Australian Money Forum

ACTIVITY is on the rise in Sydney's middle residential market.

ACCOUNTING firm PricewaterhouseCoopers has asked ASIC for permission to resign as Centro's auditor after the shopping centre owner launched a legal action against it, claiming it was partly to blame for failure to disclose information to investors.

GOODMAN Group is expected to be the last of the big trusts to go to themarket after Mirvac wrapped up its $1.1 billion capital raising on Thursday.

BRITISH house prices rose at their fastest pace in over six years last month, but economists were quick to dampen speculation that the market had hit the bottom.

THE listed property development arm of embattled Gold Coast financier City Pacific is being sued by the builder behind its major Martha Cove development on Victoria's Mornington Peninsula.

MIRVAC has announced plans to raise up to $1.1 billion to cut debt and fund its growth.

GPT Group yesterday sold another non-core asset, its Alliance portfolio, to a syndicate of private investors for $US72 million ($89.2 million), bringing total sales to $650 million this year.

MIRVAC Group plans to raise up to $1.1 billion through a share sale to cut debt, and write-down asset values by $582 million.

THE Leighton Holdings-backed Devine Property Group has shelved plans to build a $300 million Brisbane office development.

A PRIVATE group of companies controlled by Mitch Nielson is in trouble and could be a problem for listed group Indigo Pacific Capital.

HAVING entrusted Michael Cameron with $1.7 billion of new equity, GPT's hard-hit investors expect the new chief executive to turn the ship around.

THE listed property sector bounces back, regaining about 50 per cent of its value since its crash.