REAL ESTATE

Perth housing prices post biggest decline

The country’s mining state, Perth, reported the highest decline in property prices, dropping by 1.9 percent during the last three months to December to a median $465,000 says an RP Data-Rismark reports.
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Top suburbs for rental returns

As more people delay buying houses and opt to rent, rates for residential rentals are expected to climb when demand overtakes supply.

ANZ: Home prices to stabilize

ANZ Bank is predicting that home prices will stabilize this year and remain flat to an average of $550,000 as a consequence of expected rising interest rates.

Canberra ranked as second most livable city in Australia

Canberra was ranked as the second most attractive city to live in based on its selection of good schools and healthcare services, safety and employment opportunities says a survey commissioned by the Property Council of Australia.

Aurora and Majestic Hotels form partnership

A new partnership between the Aurora Group and Majestic Hotels is set to benefit the South Australian and Northern Territory markets by expanding the properties on offer and combining marketing knowledge and experience for the tourism industry.

Authorities consider recovery levy

The government is mulling over the possibility of charging a national levy on taxpayers to pay for the costs to rebuild Queensland according to Prime Minister Julia Gillard.

Australian construction declines at slower pace

Latest date from the Australian Industry Group's Australian Performance of Construction Index (Australian PCI) in conjunction with the Housing Industry Association, has shown that developments in engineering construction mitigated effects in the national construction industry as it helped slow the rate of contraction in December. While lifting 1.6 points to 43.8, the seasonally adjusted index remained below 50 indicating a contraction in activity.

Tips when returning to flood ravaged areas

The devastating Queensland floods have left many residential and commercial properties inundated as residents come to grip with the effects of the flood and try to return back to their homes and businesses.

Land sales volume plunge

Property sales volumes dropped during the September 2010 quarter by 57 percent compared to the same period in 2009 based on the report released by the Housing Industry Association.

Improved flood insurance urged

Insurance companies are being urged to improve their policies when it comes to flood disasters says Queensland Premier Anna Bligh.

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