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RESIDENTIAL PROPERTY

All systems go for new Melb super city

MAB Corporation and Gibson Property Corporation's 900 hectares Merrifield master planned community development in Melbourne's north has official started. ... Full story

From defence to prestige

DEFENCE Housing Australia is evolving, making a foray into Sydney’s prestige North Shore market with the launch of a new residential development at Lindfield. ... Full story

Buy and fly, sky is the limit for freebies

DODO founder and property developer Larry Kestelman has teamed up with Qantas to offer as much as 649,000 frequent flyer points to home buyers in Melbourne. ... Full story

Residential property auction wrap up

THE residential property auction market in Sydney and Melbourne are experiencing unseasonably demand. The winter months has failed to cool down home buyers interest, according to Australian Property Monitors. ... Full story

NAB throws weight behind Salta Properties

THE National Australia Bank has singlehandedly financed Salta Properties' $250 million Green Square project in Abbotsford, Melbourne - making it the largest single funded residential development transaction. ... Full story

Window closing for first home buyers

FIRST home buyers in Victoria are expected to rush into the established housing market over the next few weeks ahead of the government's removal of incentives, according to Slater & Gordon. ... Full story

Investors coming out of hibernation

INVESTORS are returning to the residential property market in response to the lower interest rates, according to RAMS. ... Full story

Vacancy rates nudge higher

VACANCY rates across Australia have risen marginally from 1.9% to 2.0% in April, with Melbourne recording the highest rate of 2.7%, according to SQM Research. ... Full story

Buyers set sail for Portside Wharf

BROOKFIELD Residential Properties latest stage release at Portside Wharf in Brisbane has chalked up more than $25 million in apartment and penthouse sales at a VIP event. ... Full story

Sydney needs more apartments

MORE apartments need to be built in Sydney to accommodate for the high percentage of older people downsizing, according to the Urban Taskforce. ... Full story

Sydney rental market tightens

THE Sydney residential rental market has contracted for a third consecutive month, according to the Real Estate Institute of New South Wales. ... Full story

Low rates spurs demand for home loans

HOUSING finance commitments increased by 4.5% in March as a result of home buyers entering the market on the back of low interest rates, according to the Australian Bureau of Statistics. ... Full story

Residential property auction wrap up

THE residential property auction has continued to strengthen last weekend following the Reserve Bank's historic interest rate cut to 2.75%. ... Full story

Home buyers confidence strengthening

AUSSIE home buyers are growing in confidence about the property market recovery and are looking to invest in greater numbers than two years ago, according to the Commonwealth Bank and Mortgage & Finance Association of Australia survey. ... Full story

NRAS 1bn scheme for 10k homes

THE federal government has committed $1 billion to build 10,000 new homes under the National Rental Affordability Scheme. ... Full story

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