Apartment Construction on the Increase

April 2010 has seen a significant expansion in the Australian Construction Sector – with the most significant increase in the construction of new apartments. Such expansion has not been seen for over 2 years. The Australian Industry Group (HIA) Performance Construction Index rose 4.8 points in April to a seasonally adjusted 55.8 points.All the major sectors in the construction index ...

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Michael Yardney's property investment update

Michael Yardney is a director of Metropole – Property Investment Strategists and a best selling author with his new property update. He is one of Australia’s leading experts in the psychology of success and wealth creation through property. Property Update 7th May 2010

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New rise of property development

Building approvals rose 15.3 per cent to 16,383 units in March, seasonally adjusted, from an upwardly revised 14,208 units in February, the Australian Bureau of Statistics (ABS) said on Wednesday. It was the highest number of monthly building approvals since October 2003 and the first rise in overall approvals since last December.In the year to March, building approvals were up ...

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RBA's rate increase nightmare for first home buyers

MORE than 90,000 recent first-home buyers could be forced out of their homes because interest rates have risen faster than expected. They have been caught out by the Reserve Bank’s increase in rates – yesterday’s increase to 4.5 per cent was the third in three months and the sixth since October. The hike means repayments on a $300,000 mortgage will ...

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