Capital city house prices rose by 9.8% in the 12 months to December 2013. Setting a new record, the median is now $597,556.
The December Quarter had the strongest growth in four years. Sydneys median price grew by 6% and Melbourne 3.2%. Australian Property Monitors Quarterly Housing Report predicts price growth will moderate over 2014 as economic activity wanes, with Brisbane and Perth being the likely exceptions, driven by strong local economies.
Mergers & Acquisitions
Brookfield sells retirement village operator Aveo for $3.85B
Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...
