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The funds available for deals are growing as investors including pension funds, sovereign wealth and insurance firms look for meaty returns hard to find in today's equity markets, especially in the beaten-down real estate sector. Australian real estate specialist Qualitas (QAL.AX), whose backers include the Abu Dhabi Investment Authority, has nearly doubled funds under management to A$8 billion ($5.07 billion) since mid-2022, with roughly half the increase since this June. U.S.-based PGIM Real Estate expects to deploy a further $1 billion in the country over the next few years, said its head of Australian real estate Steve Bulloch. Lenders are expanding into residential and commercial construction as banks slow lending or exit, a March report from the Reserve Bank of Australia (RBA) said. JUICY RETURNSInvestors can expect returns from 9% to 11% with the added security of loans pledged against real assets like condos or warehouses, often with a 30% to 40% equity buffer, said Paul Notaras, executive director at Barings Real Estate Australia.

Persons: Stella Qiu, meaty, Steve Bulloch, JUICY, Paul Notaras, Notaras, Qualitas, Andrew Schwartz, Bonds, We've, Schwartz, Lewis Jackson, Rae Wee, Jamie Freed Organizations: REUTERS, Abu, Abu Dhabi Investment Authority, Commonwealth Bank, National Australia Bank, Westpac, ANZ Group, International Monetary, Reserve Bank of Australia, Australia, prudential, Reuters Graphics Reuters, Thomson Locations: Parramatta, Sydney, SYDNEY, Australian, Abu Dhabi, Australia, Qualitas, Singapore

☆ Build up not out: the high density housing push for Australian cities
▼ + stars: | 2023-08-31 | by ( Stella Qiu | ) www.reuters.com time to read: +5 min

Mahendran has joined the Sydney YIMBY (Yes In My Backyard) group, a fledgling grassroots movement seeking higher density housing in opposition to those branded NIMBYs (Not In My Backyard) that fight new and large developments, particularly in gentrified inner-city areas. For a continent as large and sparsely populated as Australia, it is almost counter-intuitive there could be a housing shortage. While the YIMBY movement is in its infancy in Australia, it marks a shift in community attitudes towards development as affordability worsens and a push for shorter commutes and better facilities become features of post-pandemic urban living. "The future is up by way of density," said Liz Allen, a researcher at Australian National University in Canberra. Greater Canberra, the YIMBY group in Canberra, has received support from both Labor and Greens for its push to lift density across the Australian Central Territory.

Persons: Stella Qiu, Mahendran, Sydney YIMBY, Liz Allen, Justin Simon, they've, Simon, Philip Lowe, Lowe, Anthony Albanese, Albanese, Simon Welsh, Lincoln Organizations: REUTERS, Rights, Sydney, New South, New South Wales Productivity, Australian National University, Reuters, Labor, Greens, Australian Central Territory ., Senate, Redbridge, Thomson Locations: Parramatta, Sydney, today's Australia, Australia, New South Wales, Canberra, Greater Canberra, May, Victoria

☆ Cummings focused on celebrations as Mariners squad faces break-up
▼ + stars: | 2023-06-04 | by ( Michael Church | ) www.reuters.com time to read: +2 min

But while the Scottish-born forward's contract is due to expire at the end of June, Cummings stressed his immediate intention was to celebrate the Mariners' first title since 2013. Mariners operate on one of the A-League's smallest budgets and Montgomery acknowledged that Cummings was unlikely to be the only departure. "We're a selling club, the club needs to sell players to survive," he said. The possible departures include Montgomery, who has seen his stock rise after overcoming significant financial limitations to end the Mariners' trophy drought. "The world's his oyster," Cummings said of Montgomery, who took over at the Mariners' two years ago.

Persons: Jason Cummings, Nick Montgomery's, Cummings, Montgomery, We'll, I've, Michael Church, Robert Birsel Organizations: Central Coast Mariners, Australia, League, Melbourne City, Parramatta, Mariners, Dundee, Thomson Locations: Scottish, Central Coast, Australia, Montgomery

SYDNEY, April 15 (Reuters) - The second person ever charged with violating Australia's foreign interference laws appeared in a local court on Saturday following his arrest a day earlier. Court documents reviewed by Reuters on Saturday listed a charge of reckless foreign interference against Csergo, with the offence occurring between February 2021 and April 2023 in the Australian state of New South Wales and Shanghai. Csergo had recently returned from China and was arrested on Friday at a residence in the Sydney beachside suburb of Bondi, according to neighbours. The court document also named "Ken" and "Evelyn" as engaging with Csergo. The AFP will allege "Ken" and "Evelyn" work for a foreign intelligence service and are undertaking intelligence collection activities, the statement said.

SYDNEY, April 14 (Reuters) - An Australian man who had recently returned from China was arrested in Sydney on Friday and charged with a foreign interference offence, police, court officials and neighbours of the man said. The man, who the police statement did not name, operates a business overseas and had recently returned to Australia. Csergo was arrested at a residential address in the Sydney beachside suburb of Bondi, a woman who lived at the same address told Reuters. In the statement, police allege the arrested man was contacted while overseas by an individual claiming to be from a think-tank. Csergo is the second person charged with an offence since Australia introduced foreign interference laws in 2018.

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