Dwelling approvals in the country dropped by 4.2 percent in November 2010 says the Australia Bureau of Statistics Building Approvals.
Construction activity in Australia in December continued to decline with only the engineering construction showing improvement.
Properties found in the New South Wales region of Northern Rivers are selling well with Wollongbar becoming the most popular area.
Perth’s property market is on the upswing with building approvals increasing for the third month in a row based on figures reported by the Australian Bureau of Statistics.
Home builders have joined forces to offer affordable housing in eight Satterley estates across Western Australia.
Property developers can expect to have a slow year ahead as the demand to renovate and build houses drop based on figures reported by Australian Bureau of Statistics.
The 2011 outlook for property prices is set at modest three percent with Sydney and Perth forecast on becoming the best performing markets says the Australian Property Monitors.
As weather conditions around the world become more and more unpredictable, it becomes sound advice for home owners to be prepared to face many possible scenarios.
Floodwaters seem to be reaching its peak soon in some areas in Queensland as authorities appoint Maj. Gen. Mick Slater to lead recovery efforts in the state.
New homes sold in the country in November dropped by 0.2 percent says a sales survey.
Mortgage exit fees for new home loans in Australia will be abolished beginning July 1 as part of efforts to overhaul banking law.
Real estate agencies have been penalized for underquoting expected sale prices at auctions.
Demand for rental housing was tighter during the New Year as supply failed to meet the rise in demand.
The possibility that interest rates may rise further discouraged first home buyers from entering the market in 2010.
Western Australia’s so-called Taj-Mahal-on-the-Swan, a mansion built by well-known entrepreneur, Pankaj Oswal, may possibly be up for sale after financial difficulties put Oswal’s fertilizer company in receivership.
Property prices are expected to register a five percent growth by late next year predicts industry experts.
Forecast rising interest rates will affect the housing industry says a Global Real Estate Trends report.
The Canada Pension Plan Investment Board is one among a leading group offering to buy out industrial real estate firm, ING Industrial Fund .
As the water level rises in the River Murray, median property prices are also increasing in the Alexandrina Council area climbing by as much as 12.5 percent to $370,000 in December.
First home buyer loans in the Australian Capital Territory plunged by as much as 50 percent during the three months to October 2010 says a housing report.
Median house prices in Perth increased by $5,000 to $485,000 during the September quarter reports the Real Estate Institute of Western Australia.
Industry executives predict that any hike in property prices will be more restrained as two property increases for 2011 are expected.
Total commercial property sales in the country for the year amounted to $7.8 billion with more than $5 million accounting for the office, retail and industrial sectors says a survey.
High-end home prices in Australia declined by 7.5 percent in the six months to September says real estate researcher RP Data.
Specialist investment manager, AMP Capital Investors has bought a prime Sydney central business district space located at 50 Park Street specifically for its Select Property Portfolio No. 3 fund.
The Property Council of Australia’s latest audit shows that local councils in Sydney are sitting on almost $560 million in unspent infrastructure levies.
Law firm, Norton Rose Australia, became the first tenant to sign a lease for the 6 star Green Star premium office building, the One One One Eagle Street development slated to be finished by the end of the year.
Property developer Lend Lease has bought construction unit Valemus from Bilfinger for $1 billion; making it the second largest contractor in the country.
Home owners in Queensland ranked as one of the regions with the most number of borrowers in arrears based on a FitchRatings report.
The recent ‘ad valorem’ tax on property transfers implemented in July 1 that charges a 0.2 percent tax on transfers between $500,000 and $1 million, and 0.25 percent tax on transfers above $1 million was found to fall short of revenue expectations and may deter future investments in New South Wales.
