Lack of housing puts pressure on prices
INVESTMENT in the housing sector has been above the average over 50 years but Australian’s predilection for McMansions meant fewer dwellings were built over the period, according to the Reserve Bank.
Apartment with a view
AN off the plan apartment buyer has successfully sued a developer over a broken promise to provide “ocean view” from her unit rather than just “glimpses”....
Home loan approvals falling down
DEMAND for owner occupier housing finance has fallen by 7.9% in January and first home buyer activity is 45% below October 2009 levels, according to the Australian Bureau of Statistics....Charter raises $50m
CHARTER Hall has completed its retail entitlement offer raising approximately $50 million....
ACT dumps recycling group
THE ACT Government has served recycling company, Revolve, with a ‘Notice to Quit’ for the property they currently occupy at the Hume Recovery Resource Estate.Desane buoyed by new leases
DESANE has signed four new long term leases valued at $5 million at its Lane Cove West industrial precinct.Adelaide hottest retail strip shop fetches $2.5m
Mirvac to tap debt markets
MIRVAC Group is poised to tap the debt markets for $300 million.Asian buyers pounce on luxury projects
Docklands & Southbank will be star performers
MELBOURNE’S Docklands and Southbank office markets will continue to be the star performers, according to Savills Australia’s Tony Crabb who is speaking at the API/REIV breakfast this morning.Full floor office market stabilising
VACANCY rates for full floor offices have stabilised as an increase in tenant take-ups and improving conditions see the withdrawal of subleases.CBRE recruits industry veteran
CB Richard Ellis has recruited industry veteran David Elam to join its expanding global corporate services team, based in Melbourne.Most Popular
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