REAL ESTATE

National city home prices rose in the country by 0.3 percent after a 0.1 percent rise but growth is expected to slow down when the Reserve Bank's rate hike in November affects the market says RPData-Rismark.

House prices remain concerning even with a bounceback in dwelling approvals in October. Government action is needed to remove supply-side impediments that will otherwise have dire consequences for housing affordability, according to Australia's peak body for the building and construction industry.

Australia' total number of dwellings approved jumped 9.3 per cent in October 2010, after falling for six consecutive months in seasonally adjusted terms, Building Approvals data from the Australian Bureau of Statistics showed today.

One of Melbourne’s prime retail spaces located in the central business district will be up for public auction on December 15, 2010.

Prime Adelaide retail area, Rundle Mall, has seen rent for their top spaces increase by 26 percent compared to September 2007 figures.

Short-term forecasts for Sydney's north shore predict that vacancy figures will slowly decline because of increasing demand coupled with low supply according to a report made by commercial real estate services firm CB Richard Ellis in its Sydney Metropolitan Office MarketView.

Brisbane City Council has received a proposal to build a 32-storey hotel in the central business district addressing the city's lack of quality hotel rooms compared to Sydney.

The capital of Queensland is a buyer's market and will continue to remain so in the next two years predicted a property analyst.

The Real Estate Institute of Australia (REIA) has warned against top banks including real estate advice as part of their services

New home sales continue to point to a renewed decline in residential construction despite a slight improvement in October, according to a survey of Australia's major residential builders released today by the Housing Industry Association (HIA).

The slowing real estate market in some of Australia's most popular cities is a perfect time for buyers to keep their eye out for the best deals.

Data from property web site showed Launceston as the most popular suburb in the Australian island and state of Tasmania.

Sydney's cooling real estate market is forcing sellers to lower expectations leading to price fluctuations in real estate value and buyers opting to looking auctions to guarantee bank valuation approval.

Diploma Group Limited has acquired the site for its new residential project to be located in Perth's business district at Adelaide Terrace.

The Real Estate Institute of Australia (REIA) is supporting bank reform moves saying that the market concentration trend is affecting small businesses and home buyers.

For many couples property and money issues are an important aspect of any relationship. Making sure that you are both on the same page when it comes to property investment will come a long way in preventing complicated disputes in the future.

Real Estate Institute of WA is appealing changes to stamp duty regulations that has further discouraged potential buyers from purchasing homes.

Prices for property in Western Australia have dipped by 30 percent based on information released by the Real Estate Institute of WA.

Authorities have set a building revival forum for February 8, 2011 aimed at supporting the Queensland as it deals with the effects of the Global Financial Crisis.

Melbourne's suburbs lack new office buildings thus keeping demand high and vacancy rates down reported Colliers International's Melbourne Metropolitan Report.

The multi-million Yarra Valley project has failed as its lead investor Melbourne businessman Bernard Roux filed for bankruptcy.

Home buyers and sellers are increasingly opting for more environmental friendly homes according to industry insiders and research groups.

Melbourne-based architectural firm , Fender Katsalidis, is set to design the world's second-tallest tower standing 580 meters high and inspired by Islamic patterns in Kuala Lumpur.

Work on the new Royal Melbourne Institute of Technology campus located on Swanson Street in Melbourne has begun and is expected to become a design landmark when the US$228 million, 11-storey city campus is finished in two years.

First time home owners will be better off looking at housing options in Sydney rather than Melbourne based on a report made by the HIA-Commonwealth Bank Housing Affordability Index.

Foreign buyers are flocking to Australian real estate market and fueling demand in Sydney's central business district, North Shore and Eastern Suburbs said the Real Estate Buyers Association of Australia.

The September 2010 quarter housing affordability in Sydney was 20.8 per cent lower than a year earlier, while regional NSW affordability was down by 18.7 per cent, according to the HIA-Commonwealth Bank Affordability Report released today.

Buyers are in the best position as evidence emerges of a softening of the property market nationally, according to leading tax and property accountants in Melbourne, Sydney and Brisbane.

Australian tennis star Mark Philippoussis is facing bankruptcy notice following the reported default on his $1.2 million mortgage for his Williamstown townhouse near the Port Philip Bay in Victoria.