Australian Property Updates

Property Information & Real Estate Updates

Consumer Affairs to Publish Property Sales Data

Consumer Affairs Victoria (CAV) has announced that it will start publishing property sales data on its website in order to help keep prospective buyers and sellers informed. The information published will include: * data sources for property prices; * calculators that can make estimates of the prices of individual properties based on comparable sales; * guides on to how to ...

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New towns for southeast Queensland

THE Queensland Government has announced three brand new cities will be built in the state’s southeast from the ground up to take pressure off population growth. The Government’s powerful land development body will take control of three greenfield areas in the region’s west and southwest to quickly deliver new masterplanned communities set to be home to an extra 250,000 people. ...

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New Player in Domestic Building Insurance

VMIA reaches agreement with QBE to deliver domestic building insurance*  The Victorian Managed Insurance Authority (VMIA) has entered into an agreement with QBE Insurance (Australia) Limited, QBE, under which the VMIA will provide domestic building insurance to builders and owner builders in Victoria.  The agreement follows the recent decision by the Victorian Government to transition builders to a State underwritten ...

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Melbourne welcomes a new suburb

20,000 Victorians will soon have a new home in Melbourne’s newest suburb. Cranbourne East Precinct Structure Plan (PSP) has just been approved. Schools, kindergartens, retirement villages, open spaces and three local town centres will all be developed over the next 15 years as well as up to 3,000 new jobs will be created. “We are delivering on this plan and ...

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First home buyers walking away in WA

The first home buyers’ market in Western Australia has collapsed on the back of rising interest rates, the state’s peak real estate body says. Figures from the office of state revenue reveal first home buyers dropped over 50%, from 2300 in April 2009 to 988, in the same month this year. Real Estate Institute of Western Australia (REIWA) president Alan ...

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