Bitcoin slips under $77,000 as rally boosts mining economics

Now that borrowing through self-managed super funds (SMSFs) for residential properties is no longer an option, investors are set to pivot toward commercial property, or exit the market altogether. The number of investors affected could also be much higher than the government first estimated, with Australian Finance Industry Association figures showing more than 16,000 SMSF…

Cloud-based mortgage and savings software provider Finova has appointed Tom Tredwell as its director of data to drive its data strategy. The next-generation data strategy has been shaped by demand from its clients for faster access to actionable market insight and industry trends, while using data to enhance artificial intelligence (AI) functions and efficiency. …

New research has revealed the best places in Britain for first-time buyers. According to the study from house buying specialist HouseBuyers4u, Dartford takes the top spot after recording the highest number of first-time buyer mortgage sales relative to its housing stock. The study analysed first-time buyer mortgage sales across local authorities in Britain and compared…

A Spanish hotel operator is betting on Manhattan’s hospitality recovery. Barcelona-based Eurostars Hotel Company bought the 107-key Chemists’ Club Hotel for about $95 million from Spanish investment firm Azora, sources with knowledge of the deal said. That breaks down to about $888,000 per key for the recently-renovated property at 52 East 41st Street. Azora and…

Massachusetts Attorney General Andrea Campbell reached a settlement with the country’s largest publicly traded apartment landlord, forcing it to sell two downtown Boston towers following a megamerger. Photo credit: Google Maps Equity Residential’s 1 Emerson Place in downtown Boston Vivmark Residential, the new REIT formed by the merger of AvalonBay Communities and Equity Residential that…

FTSE Nareit All Equity REITs Index total returns were up about 20% year-to-date as of late last week, boosted by a strong July, with total returns up nearly 5% for the month. That compares with a roughly 9% year-to-date gain for the S&P 500 over the same period. The results have helped narrow a gap…