Australia’s retails are still struggling despite rate cuts
22 May 2013
Published: Wednesday, 22 May 2013 | 1:27 AM ET By: Ansuya HarjaniAssistant Producer, CNBC Asia On top of a slowdown in Australia’s lucrative mining sector, consumer sentiment in the country appears to have deteriorated sharply, posing a challenge to the central bank which cut interest rates to a record low earlier thi [...]
Posted in Daily News, News
Do your research before buying a property within a residential owners’ corporation
22 May 2013
Propertyobserver.com.au By Mark Armstrong Wednesday, 22 May 2013 Property prices are on the move in the inner suburbs and as a result more and more buyers are going to find themselves priced out of the house market. Instead, they will turn to townhouses and apartments as a more affordable alternative. In many cases, they [...]
Posted in Daily News, News
Property values could soon exceed 2010 highs
22 May 2013
By Monique Sasson Wakelin Wednesday, 22 May 2013 Page 1 of 2 Australia’s economy should be the envy of the western world. Where many western nations are plunging in and out of recession, our economic growth is only slightly below trend and unemployment is relatively low. And with inflation seemingly tamed the Reserve Bank is [...]
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Look beyond population growth to supply side criteria
21 May 2013
Propertyobserver.com.au By Terry Ryder Tuesday, 21 May 2013 Some advisers recommend the PIE buying formula – P.I.E. being Population growth, Infrastructure and investment, and Employment opportunity and diversity. The theory is that a location with those three elements at work will deliver real estate growth. As a method of reducing [...]
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Demand at Battersea Power Station site soars as 95pc of properties snapped up
20 May 2013
The Telegraph.co.uk By Szu Ping Chan 2:26PM BST 20 May 2013 London’s Battersea Power Station development has attracted property sales of £675m since the start of the year amid “phenomenal interest” in luxury flats at the iconic site. The Battersea Power Station Development Company said on Monday that it had exchanged contr [...]
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Melbourne weekend clearance rate up from last year: REIV
20 May 2013
Melbourne weekend clearance rate up from last year: REIV Propertyobserver.com.au By Alistair Walsh Monday, 20 May 2013 Melbourne’s weekend auction clearance rate was 13 percentage points higher than the same time last year, according to the Real Estate Institute of Victoria. It recorded a clearance rate of 73% at its weekend auctions co [...]
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