Australian Property Updates


Property Information & Real Estate Updates

.VIC

Australian Property market – uncertain future…

A downturn in Australia’s property market will only contribute to concerns of a two-speed economy in the resource-rich nation. Mining profits are bursting at the seams due to heavy demand from China and other fast-growing Asian countries, while consumer businesses and manufacturing have gone into hiding from concerns about the prospect of growing rates, the high value Australian dollar, trading ...

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Home buyers can qualify for significant discounts from lenders

We are living in very strange times. It is difficult to tell what will be tomorrow. Business is down, stock market is experiencing extreme volatility and property prices have also come off the boil. Now lenders are forced to work a lot harder to find a home loan customer with many competing for business in any way possible. Banks and ...

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Auction clearance inproves

Despite gloomy weather, the Sydney property market was going hot this weekend with clearance rates hitting figures not seen for over 10 months. Property buyers ignored Saturday’s rain, spending $117.7 million on 148 properties across the city, pushing up the clearance rate to 63.5 per cent from 52.6 per cent the week before. This was the highest auction clearance rate ...

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More affordable rent in Moorabbin

A new Moorabbin, Victoria residential development has been purpose-built to provide cheap accommodation. The project will deliver much-needed affordable housing in Kingston’s tight rental market. Appropriate tenants are being sought for the 75-apartmetn development, in South Road, near the Nepean Highway, that should be ready next month. The one- and two-bedroom units all have their own private open space. The ...

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Time to enter Mt.Buler's property market

In the 1960s, ‘70s and even the ‘80s, real estate at Mt Buller was an indulgence afforded only by the wealthy. The reason was that there was no security of tenure and therefore, finance could not be readily obtained. Now, with leases and subleases that can be registered with the Crown Lands Department, security for lenders is the same as ...

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