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Latest Property Related News

Lower revaluations push Oceania Healthcare profit down 29%, operating revenue up

Fri, 20 May 2022 10:05:24 +1200
Less spectacular revaluation gains were partly responsible for pushing Oceania Healthcare's bottom-line profit down 29 per cent but the retirement village business made far higher operating revenue.The $85.7 million net profit after...

Ryman Healthcare profit up 64 per cent, retirement giant makes $692.9m in full-year result

Fri, 20 May 2022 09:00:00 +1200
Ryman Healthcare's profit shot up 64 per cent after big revaluation gains and the business announced $205 million plans for Rolleston and a new $350m Melbourne village.The biggest listed retirement village owner and operator on...

Asset Plus profit falls 81 per cent: expenses up, rent down, revaluations negative, tax bill up

Fri, 20 May 2022 07:19:49 +1200
Falling revaluations and rent, rising expenses, an empty office building and a rising tax bill pushed the Asset Plus full-year profit down by 81 per cent.Net profit after tax fell from $15.95 million in the full year to March 31,...

Budget 2022: First-home buyer caps changed, affordable housing funding

Thu, 19 May 2022 14:00:00 +1200
KEY POINTS: • First-home grant house price caps jump, by as much as $275,000. • Covid industry support package modified to fund affordable housing. For aspiring first-home buyers, price and income caps will now be...

Warehouse demand, revaluations drive Goodman Property Trust full-year profit up 18%

Thu, 19 May 2022 09:00:00 +1200
Rising demand for warehouses and logistics centres and strong revaluations drove listed landlord Goodman Property Trust's net after-tax profit for the past year up 18 per cent, to $748.6 million.The business, with $4.8b of real...

$2.2b landlord reports full year: Argosy Property profit down 5%, income falls, expenses rise

Wed, 18 May 2022 07:18:29 +1200
Multibillion-dollar diversified landlord Argosy Property's net profit dropped marginally by 5 per cent annually mainly because of net property income falling and expenses rising.Last year's $248.4 million net profit after tax fell...

Russia war on Ukraine: NZ 'considering' sanctions on billionaire oligarch Alexander Abramov, Nanaia Mahuta says

Tue, 17 May 2022 18:20:02 +1200
The Government is considering sanctioning Russian billionaire oligarch Alexander Abramov - who has been linked to Putin - but has to work through how it will affect New Zealanders, Foreign Minister Nanaia Mahuta says. Abramov is...

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  • Lower revaluations push Oceania Healthcare profit down 29%, operating revenue up
  • Ryman Healthcare profit up 64 per cent, retirement giant makes $692.9m in full-year result
  • Asset Plus profit falls 81 per cent: expenses up, rent down, revaluations negative, tax bill up
  • Budget 2022: First-home buyer caps changed, affordable housing funding

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