Commercial Property News Archive for 26-Jan-2009

Property sector hails $4bn fund (The Australian)

THE nation's commercial property sector has hailed plans to create a $4 billion-plus fund to help bankroll projects through the credit crisis.

Australia Considering Steps To Support Commercial Property Businesses (INO News)

(RTTNews) - Thursday, Australian Finance Minister, Lindsay Tanner said the government is carefully considering measures to help the commercial property sector.

Rudd Pledges A$4 Billion Fund for Commercial Property (Update1) (Bloomberg)

Jan. 24 (Bloomberg) -- Australian Prime Minister Kevin Rudd pledged A$4 billion ($2.6 billion) for a lending fund for commercial property companies should foreign banks fail to roll over as much as A$75 billion in business loans.

Let market decide: Turnbull (Perth Now)

MALCOLM Turnbull wants Kevin Rudd to allow the market to "run its course" on commercial property values despite a risk to 50,000 jobs.

A Horrid Year for Commercial Property (KiplingerForecasts.com)

Commercial property will bottom out in 2009 -- and pretty much stay there for a good bit of 2010. That's good news for patient investors and renters.