Australian Property Updates

Property Information & Real Estate Updates

Australia recorded the fourth-largest price increase – by Global Property Guide

According to the latest Global Property Guide, Australia recorded the fourth-largest price increase during the year to March beating many of the world’s best and biggest cities of 16.6 per cent. Most Asian and Pacific countries also outperformed their European counterparts this year, with Hong Kong, Singapore and Taiwan taking out the top three spots. Britain was ranked 10th, Switzerland ...

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Latest Westpac Economic News by Bill Evans

Westpac Chief Economist Bill Evans and his team produce this bite-sized roundup of the week’s economic news and events, with clear analysis and insight plus the outlook for the week ahead.

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ANZ will start selling a new transactions account

ANZ will start selling a new transactions account next week, offering a raft of banking and non-banking extras for an $18 monthly fee. Banks have given away a lot of revenue on retail transaction banking since dropping or reducing overdrawn account, late payment and other exception fees last year. ANZ, which charges a flat rate of $5 a month on ...

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ANZ Bank reimburses for ING losses

ANZ National will be out of pocket by NZ$45 million after the bank and ING NZ reached a record settlement with the Commerce Commission over two “income funds” managed by its wealth arm ING. ING froze the ING Diversified Yield Fund and the ING Regular Income Fund in late 2008. The Commission’s investigation related to the marketing, promotion and sale ...

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Rental incomes will continue to rise in Australia because of a lack of supply say economists

Property investments in Australia will continue to generate higher returns say economists. However fewer first time buyers and increasing interest rates will result in slower residential property price growth, as reported in the Residential Property Prospects Report 2010 to 2013 from BIS Shrapnel. Senior project manager Angie Zigomanis said first time buyer activity has dropped after the expiry of the ...

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