I asked a mortgage broker what the median first home buyer can get with a 5% deposit

For the past week, mortgage broker Damian Wallace has been fielding double the usual number of calls from aspiring first home buyers.His office is situated in the harbourside business district of North Sydney, where the median house price sits at a cool $3 million.With recent policy changes allowing first home buyers to purchase property with just a 5 per cent…

CapitaLand Investment, Mapletree Investments exploring merger: WSJ report

SINGAPORE - Mapletree Investments and Singapore-listed CapitaLand Investment (CLI) are exploring a merger, the Wall Street Journal reported on Nov 3, citing unidentified sources.The report says the plans are in the very initial stages and a deal may or may not materialise.A merger could create one of Asia-Pacific’s top property companies with more than US$150 billion (S$195 billion) in assets…

US Real Estate Investor Barry Sternlicht Opposes NYC Mayor Mamdani’s ‘Rent Freeze’ Proposal

'Turn New York City Into Mumbai': US Real Estate Investor Barry Sternlicht Opposes NYC Mayor Mamdani's 'Rent Freeze' Proposal | FPJ A prominent U.S. real-estate investor has warned that the housing market in New York City risks collapsing under a proposed rent‐freeze plan. Barry Sternlicht, chairman and CEO of Starwood Capital Group, said that the plan by newly-elected mayor Zohran…

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Property investors warned of ‘expensive headache’ over finance strategy

Property investors are being advised to carefully plan their exit strategy from bridging finance before committing to it, as inadequate planning can transform an otherwise sound investment into a costly problem. Bridging…