Real Estate News
The residential auction market had a pre-spring test this weekend and results showed that demand has been largely unaffected by the high volume of homes on offer. The clearance rate was 71 per cent from a total of 687 auctions reported, compared to 72 per cent from 343 auctions last weekend. There were 488 homes [...]
The residential auction market had a pre-spring test this weekend and results showed that demand has been largely unaffected by the high volume of homes on offer. The clearance rate was 70 per cent from a total of 658 auctions reported, compared to 72 per cent from 343 auctions last weekend. There were 461 homes [...]
The Australian election – When the hat doesn’t fit “THE bigger the hat the smaller the property.” Perhaps that piece of Aussie wisdom is what voters had in mind when they went to the polls on August 21st. Posture and pontificate as they might, Julia Gillard, the prime minister and Labor leader, and Tony Abbott, [...]
Photo: news.ninemsn.com.au The drawn-out political wrangle to form the next federal government looks set to affect the nation’s real estate market, delaying the start of the key spring auction season and adding further pressure on house prices. Election officials say the country may have to wait until at least the end of next week [...]
Property investors, ignore investment criteria for your Principal Place of Residence at your peril; By John Wasiliev smh.com.au Most Australians regard their family home as a major part of their personal wealth. Many also see it as an investment although few apply investment criteria when it comes to buying a home. Perhaps they should, reckons [...]
Of the top 100 fastest growing cities and suburbs, 42 are in Queensland and 17 each in New South Wales, Victoria and Western Australia. Australia is set to swell by an estimated 600,000 households over the next five years, with nearly three quarters of the growth to occur in the major cities, according to a [...]
Real estate agents are turning to iPhone apps instead of old fashioned gimmicks like sausage sizzles at open houses REAL estate agents are turning to gimmicks and gadgetry like iPhone apps in an effort to lure buyers. The tricks have gone from baking bread and brewing coffee just before the start of an open house [...]
In comparison to the last few weekends, and the next few, there was a low number of auctions this weekend due to the Federal Election. This however has not had any negative impact on demand with a clearance rate of 75 per cent being recorded. There were 300 auctions reported this weekend of which 225 [...]
FREEHILLS has acted for Malaysia’s biggest fund management company on its $287 million purchase of Brisbane’s Santos Place. The deal involves the largest single property sale in Australia this year. Malaysian sovereign wealth fund Permodalan Nasional Berhad (PNB) made its first international property acquisition and its first acquisition in Australia with the purchase of Brisbane’s [...]
Housing affordability sank to a year-and-a-half low in the June quarter as interest rate rises and price increases put residential property out of reach of first time buyers. The Housing Industry Association-Commonwealth Bank housing affordability index dropped 9.1 per cent to 108.3 in the June quarter from 118.8 in the March quarter, the lowest since [...]
