Funds manager Securcorp Ltd has delivered the final touches to its residential apartment project undertaken in the Townsville CBD, the $40 million Altitude in Walker Street.
This year's Financial News has listed the world's top 10 most expensive streets. From Hong Kong to Fifth Avenue residents are splashing out a jaw-dropping $78,000 a square meter for these prestigious addresses.
As saving for a home deposit becomes an even greater challenge with higher living costs, some borrowers are exploring unconventional ways to help them save sooner, according to Mortgage Choice, one of Australia's largest independently owned mortgage broker.
Harcourts Queenstown has been instructed to sell seven of the nine titles at the world renowned Walter Peak Estate by Mortgagee Deadline sale.
The State of Australian Cities 2011 sets the stage for the implementation of much-need planning reform coupled with a major boost to infrastructure spending, said the Property Council of Australia and the Residential Development Council (RDC) on Thursday.
Buoyed by strong demand and low interest rates, Canadian house prices continue to rise. In the year to end-June 2011, the national house price index rose by 4.52% (1.37% inflation-adjusted), according to Teranet-National Bank of Canada.
Global provider of data centre solutions Digital Realty Trust announced today that the two data center developments it is building in Western Sydney are expected to have a positive economic impact on the region, estimated at almost a quarter billion dollars.
Melbourne came top over an improved Sydney this year for innovation, in the 5th Annual Innovation Cities Asia Index, which measures cities as innovation economies.
Mortgage Choice, one of Australia's largest independently owned mortgage brokers, on Monday revealed approaches to property investment that help borrowers maximise their cash flow and build wealth.
The Russian housing market hasn't recovered - despite appearances. Resale apartment prices rose 3.79% during the year to end-Q2 2011, according to the Federal State Statistics Service, but the kicker was inflation - resale apartment prices actually fell 5.25% when the price figures are adjusted for inflation.
Australia's housing market continues to weaken in the first half of 2011, following the Reserve Bank of Australia (RBA)'s action in hiking the key interest rate to 4.75% in November 2010, up from 3% in September 2009. RBA has kept the key rate unchanged since then.
India's housing markets surged in Q2 2011. There were amazingly strong house price increases, despite an economic slowdown which saw gross domestic product grow by 'only' 7.7% during the year to Q2 2011, the weakest growth for six quarters, due to high interest rates and the poor performance of mining and quarrying (1.8% annual growth), construction (1.2%) and the manufacturing sectors (7.2%).
The key in property investment is to know where in the cycle you are buying so you can judge whether you're getting a good price and whether prices have further to fall.
The Queensland Government has given MSF Sugar Limited the go-ahead to proceed with a $500 million hotel, marina and resort and residential development at Maryborough north of Brisbane.
Australian borrowers are facing increased costs as the valuations on their properties are coming in lower than anticipated due to the softer real estate market nationwide and a more conservative approach by valuers, according to mortgage broker Loan Market.
Persistent weakness in the home finance sector should provide another reason for the Reserve Bank of Australia (RBA) to cut official rates on Melbourne Cup day, according to mortgage broker Loan Market.
Incoming head of third party for Suncorp Steven Heavey has vowed the bank’s credit policies and broker processes will go under the microscope when he begins his role.
Even with a subdued quarter for rental prices, annual growth figures show rental prices for units are approaching that for houses in most capital cities, according to a new report released on Thursday.
Building permit activity in Victoria improved to $2.3 billion in August 2011, a jump of 21.8 percent on the same month last year.
The way in which adult apprentice wages are supposed to be calculated remains unclear, creating a potential liability for builders, Australian builders say.
Industry activity and profits are expected to fall, which may result in job losses, according to Master Builders Australia’s September quarter 2011 national survey.
Australia’s suburbs are happy places to live, with 70 per cent of new homeowners saying they have a good or great relationship with their neighbour, a new survey has revealed.
Customers who look beyond the interest rate horizon when choosing a home loan often stand to benefit in the long run, according to Australia's largest independently-owned mortgage broker, Mortgage Choice.
The St. George Banking Group has named current RAMS head of franchise Clive Kirkpatrick as its new general manager of broking across St. George, Bank of Melbourne and BankSA brands.
Home loan competition between the banks has primarily benefited high income earners, it has been claimed.
Medium and high density developments are set to trump those in the urban fringe, RP Data has suggested.
Aussie Home Loans has pushed its recruitment drive into WA, seeking to draw franchisees from both within and outside the financial services industry.
A Sydney real estate group has claimed a 20% spike in first homebuyer enquiries ahead of changes to stamp duty concessions in NSW.
Westpac has appointed Tony MacRae as its new general manager of third party distribution, with Huw Bough moving across to RAMS as its general manager of franchise business.
Brokers can do a better job of detecting mortgage fraud by getting to know customers more closely.
