Home prices rise, recovery in full flight | The Canberra Times

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Low interest rates, rising consumer confidence and government support measures could see house prices accelerate next year. House prices rose across the nation for a second month in a row in November and could surpass their pre-COVID levels in early 2021 if the pace of the current trend persists. Backing this positive outlook, the Australian Bureau of Statistics said approvals for private sector houses rose for the fourth consecutive month in October to the highest level since February 2000. At the same time, one of Australia’s biggest retail banks said demand for its home loans was the strongest seen for more than two years. National Australia Bank executive for home ownership Andy Kerr said there had been a 25 per cent jump in NAB loan applications over the past six weeks compared to the previous six. “Demand has been supported by record low rates, growing confidence in the

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Health-care real estate deals surge as investors seek ‘flight to quality’

These include The Priory Group — England’s largest mental health-care provider — which was put up for sale in September for an estimated £1.5 billion by its U.S. owner Acadia Healthcare (ACHC)

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Also on the auction block is mental services provider Elysium Healthcare, owned by private equity group BC Partners, which is valued at around £900 million, and Keys Group, the children’s care-and-education-services provider that is worth around £250 million.

Another £3 billion worth of specialist providers of mental health and learning disability services, and £1 billion of broader health-care transactions, are also up for grabs, Knight Frank said.

Read: The case for defunding nursing homes and replacing them with a radically different model

Julian Evans, head of health care at Knight Frank, said there are currently two distinct investment silos: institutional capital chasing social care fixed income such as real estate and private equity, and infrastructure funds

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Health-care real estate deals surge as investors seek ‘flight to quality’

By Lina Saigol

Health-care property and services deals are on track to reach their highest level in 25 years, as assets including care homes and mental health care facilities are put up for sale.

Total investment volumes into U.K. health-care property have risen to GBP2.24 billion ($2.32 billion) so far in 2020, a 25% rise on the GBP1.76 billion for all of 2019, according to research by Frank Knight.

The global real estate consultancy predicts that transaction levels in the final quarter of 2020 are heading toward the highest since 1995, with a number of high-profile deals on the market and in the pipeline.

These include The Priory Group (link) — England’s largest mental health-care provider — which was put up for sale in September for an estimated GBP1.5 billion by its U.S. owner Acadia Healthcare (ACHC).

Also on the auction block is mental services provider Elysium Healthcare (link), owned

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Earnings for apartment owners show the pain of urban flight

Pedestrians walk past commercial real estate in Manhattan.

Michael Nagle | Bloomberg | Getty Images

Decidedly weak quarterly earnings reports from major apartment real estate investment trusts this week paint a bleak picture for some of the largest urban rental markets. The coronavirus pandemic has caused thousands of apartment dwellers to seek safer, larger, single-family suburban homes, causing vacancies in high-rise rental buildings to spike.

Equity Residential, whose portfolio consists mostly of mid- to high-rise buildings on the East and West coasts, saw a particularly bleak third quarter. Its stock is down about 43% year to date. Occupancy and average rent rates fell and will likely drop further in the coming quarters.

Nearly a quarter of its holdings are in downtown San Francisco, Manhattan, Brooklyn, New York, Boston and Cambridge, Massachusetts. Those are the markets most impacted, as they have seen large outflows of tenants moving either to smaller cities

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