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Apartments sector boosts building approval

RESIDENTIAL building approvals surged by 27.3% in May, underpinned by a 58.3% jump in the volatile apartment and townhouse sectors, according to the Australian Bureau of Statistics. ... Full story

Agricultural land becoming cash cows

MORE than $2 billion has been invested in rural property markets in Australia and a further $2.5 billion is in the process of being raised, according to Colliers International. ... Full story

Demand for office space highest in seven years

UNDERLYING demand for office space across Australia's CBD markets has soared to the highest levels since 2005, reaching 1.75 million sqm, according to BIS Shrapnel. ... Full story

Residential property improving but at different pace

FUNDAMENTALS are favouring an improvement in the residential property market, but only New South Wales and the resources rich states of Western Australia, Queensland and Northern Territory will benefit, according to BIS Shrapnel. ... Full story

Tenants put expansion plans on the backburner

TENANT priorities have shifted from business expansion to building quality and staff retention, according to a biennial Colliers International Office Tenant Survey. ... Full story

Two years in a slump

THE construction industry has recorded its 24th consecutive month in the red, with the commercial sector recording the sharpest fall in more than three years, according to the latest Australian Industry Group Australian Performance of Construction Index. ... Full story

Bricks and mortar not 100pc rock solid

RESIDENTIAL property returns have outperformed all other asset classes over a 10-year period. However Russell Investments said residential property investment fundamentals are becoming less attractive. ... Full story

Residential sales stock rises

RESIDENTIAL sales stock has increased by 2.4% in the month of May to 380,215 properties nationally, according to SQM Research. ... Full story

Melbourne apartment market faces oversupply

THE Melbourne apartment market is heading into oversupply whilst Sydney's market continues to tighten, according to BIS Shrapnel. ... Full story

NZ residential values rebounds

RESIDENTIAL property values across New Zealand have rebounded in April, according to the latest QV index. ... Full story

Australia defies global investment downturn

THE Australian commercial property investment market has gone from strength to strength, rising from $1.4 billion in Q1 2011 to $2.08 billion in Q1 2012, according to Jones Lang LaSalle. ... Full story

Logistics market rides e-retailing boom

ONLINE shopping accounts for almost a fifth of all purchases in developed markets and is growing between 15% and 20% per annum, according to the Goodman Group. ... Full story

Commercial property returns stabilises

COMMERCIAL property investment returns have stabilised at 10.3% for the year ending March, underlined a strong 7.4% growth in income and 2.7% increase in capital returns, according to PCA/IPD's Property Index Performance 2012 Q1. ... Full story

Melbourne super prime retail rents outstrip Sydney

THE Melbourne retail property market is no longer playing second fiddle to Sydney, CBRE research found retailers are paying higher rents for Super Prime and Prime space Melbourne. ... Full story

Canberra office market turns the corner

THE Canberra office market demand has exceeded expectations over the past year up to March 2012, according to CBRE’s MarketView Report. ... Full story

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