China’s State Council said Chinese companies investing in offshore real estate could be harming China’s financial stability by increasing capital outflows
Local residents and councillors have expressed their reservations, as the proposed casino would impact low-rise, public space
Due to lack of strength in the jobs market and other factors, buyers say they’re willing to wait before entering the property market
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Australia’s unemployment rate may have already peaked, securities firm CommSec has claimed.
Australian banks have escaped the worst of the financial crisis and bad debts are likely to begin to drop off, according to Westpac chief executive Gail Kelly.
Almost half of all outstanding lending in Australia is held by just two banks, a new study has found.
Government stimulus measure and low interest rates have triggered an increase in residential building approvals, experts have said.
A new property investment calculator which can estimate the degree to which a house or unit will depreciate over a given time period has been developed by a property consulting and quantity surveying firm.
Brisbane's luxury home market is beginning to show signs of recovery after almost a year in freefall, city agents believe.
Yesterday's rate rise by The Reserve Bank of Australia's (RBA will do nothing to boost the supply of housing, which is essential to moderate existing house price and rent pressures, the Housing Institute of Australia's (HIA) chief economist has claimed.
Securities firm CommSec has welcomed yesterday's move by Reserve Bank of Australia, saying it "strikes a nice balance" between the need to return rates to normal levels and the demands of the economy.
The Reserve Bank of Australia (RBA) has raised interest rates by 25 basis points taking the current cash rate from 3.25% to 3.50%. It's the second consecutive 0.25% rate increase introduced since the beginning of October. The latest move lifted the average variable rate to 6.26%, which is still well below its July and August 2008 peak of 9.6%.
The Housing Industry Association (HIA) has said the latest figures from the Australian Bureau of Statistics (ABS), which showed that the index of established house prices increased for a second consecutive quarter in September 2009, "fly in the face of doom-sayer predictions".
There will be a modest yearly increase in new housing activity in Western Australia both this year and in 2010, the Housing Industry Forecasting Group (HIFG) has predicted.
The opposition has slammed Australia's rate of housing affordability describing it as a "major and significant national problem".
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