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Monthly Archive for March, 2011

During the New South Wales State Election, Barry O’Farrell questioned high-density development while Prime Minister Julia Gillard and Sustainable Population Minister Tony Burke have suggested Australia’s biggest cities are at capacity.Capping Sydney’s population will have dire outcomes, though, warns Urban Taskforce Australia, which represents property developers.Their CEO Aaron Gadiel says the organisation has modelled the […]

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ING Real Estate Investment Management, a unit of Dutch bancassurer ING , has agreed to transfer the management of Australia’s ING Office Fund to local property group Investa Property Group. ING, which has split its bank and insurance operations, is selling down some of its real estate operations and the latest deal follows a $1.4 […]

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AUSTRALIA faces a prolonged housing affordability crisis with the last bastion of cheap housing – new suburbs on city fringes – moving out of reach of most first-home buyers, research shows.At the end of last year, three out of 10 lots for sale in new housing estates were accessible to average-income first-home buyers, a study […]

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Online searches for property in Australia have more than doubled over the last two months as increasing numbers of Brits head to the web to search for property in warmer climates.According to research from a leading overseas property website, searches for Property In Australia increased by a staggering 114 per cent whilst searches for New […]

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NO ONE knows how much of Australia’s farmland is owned by foreigners. This is despite real estate agents reporting this week that international inquiries for rural land are at their highest in a decade.The Australian Foreign Investment Review Board and the Federal Government both said they did not track the amount of land purchased by […]

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Avoid property pitfalls

BUYING a home is the biggest purchase most of us will make in a lifetime and it’s also one of the few times when you won’t get an exchange or refund if it doesn’t live up to expectations. “You can’t return it and say, ‘I’ve made a huge mistake, I don’t like it, I’ve changed […]

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RBA minutes show rates unlikely to change

The consensus that interest rates in Australia are unlikely to change for a few months will not be challenged by the minutes of the central bank’s latest monetary policy meeting. The minutes of the Reserve Bank’s board meeting on March 1 gave no indication another interest rate rise – the last was back in November […]

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Millionaire suburbs surge by a third

The number of Australian suburbs with a median home price of $1 million or more surged 35 per cent in 2010, real estate researcher RP Data said, as high-end property prices defied higher interest rates. Suburbs in the “million-dollar property club” jumped to 212 during the year, compared with 78 five years ago. Some 56 […]

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Race to cash in on solar bonus

There is a last-minute rush from homeowners wanting to buy solar panels before the solar credits rebate is slashed by up to $1200 from July.Some solar installers are so busy they have declared their books full and are turning away customers.Solar Shop Australia, one of the nation’s largest providers of grid-connected solar power systems, says […]

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  Low rental vacancy rates, rising rents, healthy immigration and robust competition between tenants are excellent market conditions for the one in seven Australian tax payers who own an investment property. On the flipside, it is a highly undesirable situation for tenants. Many have gone through or are in the process of inspecting rental property […]

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