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Monthly Archive for October, 2010

Housing’s short-lived stability

In good news, Australian housing affordability has been improving for the last four months. In the month of September, Australian capital city dwelling values were effectively unchanged (+0.1 per cent seasonally-adjusted or +0.4 per cent raw) based on results released by RP Data-Rismark today (the previous raw month of August results revised by a tiny […]

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Australia’s second biggest home lender has joined the biggest in arguing there is no housing bubble.With international investors looking at Australia’s housing market as one of the few among developed economies not to experience significant price falls, Westpac has joined the Commonwealth Bank in trying to allay their concerns.In arguing against the possibility of a […]

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Newly-released figures reveal that the inflation rate is within the Reserve Bank of Australia’s comfort zone, which could mean interest rates remain on hold for another month.The September 2010 quarter Consumer Price Index for the housing group increased 2.3% compared to all other groups, which increased 0.7%. These figures increased 5.2% and 2.8% respectively over […]

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Gold Coast property glitter stripped

THE median price of homes and units on the Gold Coast dropped more in the September quarter than those in any of the nation’s capital cities, new figures show.On the Coast, the median house price dropped 4.8 per cent to $470,000 while the median unit price dived 9.1 per cent to $350,000.The figures which were […]

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Centro Properties Group, the Australian shopping-mall owner that ceded control to creditors in 2008, is seeking buyers for more than A$4 billion ($3.9 billion) of assets, said a person with knowledge of the matter. Centro has set a Dec. 25 deadline for indicative bids for more than 40 properties, including the Galleria in Perth and […]

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Australia’s biggest office landlords are switching off lights and installing more efficient air conditioners ahead of rules demanding reporting of energy use in the nation with the developed world’s second-highest greenhouse gas emissions per person. The largest property managers are ahead of legislation which comes into effect Nov. 1 requiring owners to reveal office buildings’ […]

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City prices make regions look good

But there’s a lot to consider before packing your bags, writes Carolyn Boyd. Moving to the country might appeal to one-quarter of Sydneysiders but many don’t act on their desire unless a trigger arises.A recent online survey by the state and federal government’s Evocities campaign – designed to encourage city residents to move to one […]

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Asia-Pacific region sees 12pc sales surge

INVESTOR confidence in the Asia-Pacific region rebounded in the third quarter with improving business sentiment and market fundamentals. This, according to a report from Jones Lang LaSalle.In the Jones Lang LaSalle Market Perspective for October, the real estate agency said sales volumes were up by 12 per cent on the quarter.Sovereign wealth funds and pension […]

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Coastal dwellers unfazed by sea rise

Sea levels are expected to rise, but many people in Australia’s most vulnerable coastal communities don’t think they are at serious risk: study. People living on the coast are concerned about climate change, but are confident they will adapt to rising seas, temperatures and more frequent storms, University of Adelaide PhD researcher Christopher Button says.Mr […]

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The rise in residential property prices in Australia is expected to slow in the last three months of this year and into 2011, according to a new survey.   Real estate price growth over the last year has ranged between 10% and 12% nationally, according to varying measures of the market. Only the major markets of […]

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