REAL ESTATE

Australian-based AMP Capital Property sold West Auckland's LynnMall shopping center US$174 million Kiwi Income Property Trust.

Property industry groups are calling for the government to provide more details on the US$35.7 billion National Broadband Network (NBN) deal specifically affecting property developers.

The New South Wales Department of Environment, Climate Change and Water is planning to expand the National Australian Built Environment Rating System (NABERS) that rates an office building's energy efficiency from five star rating scale to six or seven stars.

The prime industrial market in Melbourne is expected to fare the best compared to other cities in the county and even the Asia-Pacific region until 2014 based on a fair value index report made by property advisers DTZ.

One of Australia's most diversified property group, Stockland, is choosing to concentrate on developing retail projects and slow down investments in office projects.

The Australian Capital Territory Government assures that the environmentally certified Molonglo Valley development will be affordable even for new home buyers.

In a survey compiling the answers of 1,061 respondents it was found that close to one in every 10 home buyers believe that the recent Reserve Bank interest hike may force them to sell.

Median property prices in Brisbane continue to drop for the fifth month in a row with a 0.2 percent slide in October.

National city home prices rose in the country by 0.3 percent after a 0.1 percent rise but growth is expected to slow down when the Reserve Bank's rate hike in November affects the market says RPData-Rismark.

House prices remain concerning even with a bounceback in dwelling approvals in October. Government action is needed to remove supply-side impediments that will otherwise have dire consequences for housing affordability, according to Australia's peak body for the building and construction industry.

Australia' total number of dwellings approved jumped 9.3 per cent in October 2010, after falling for six consecutive months in seasonally adjusted terms, Building Approvals data from the Australian Bureau of Statistics showed today.

One of Melbourne’s prime retail spaces located in the central business district will be up for public auction on December 15, 2010.

Prime Adelaide retail area, Rundle Mall, has seen rent for their top spaces increase by 26 percent compared to September 2007 figures.

Short-term forecasts for Sydney's north shore predict that vacancy figures will slowly decline because of increasing demand coupled with low supply according to a report made by commercial real estate services firm CB Richard Ellis in its Sydney Metropolitan Office MarketView.

Brisbane City Council has received a proposal to build a 32-storey hotel in the central business district addressing the city's lack of quality hotel rooms compared to Sydney.

The capital of Queensland is a buyer's market and will continue to remain so in the next two years predicted a property analyst.

The Real Estate Institute of Australia (REIA) has warned against top banks including real estate advice as part of their services

New home sales continue to point to a renewed decline in residential construction despite a slight improvement in October, according to a survey of Australia's major residential builders released today by the Housing Industry Association (HIA).

The slowing real estate market in some of Australia's most popular cities is a perfect time for buyers to keep their eye out for the best deals.

Data from property web site showed Launceston as the most popular suburb in the Australian island and state of Tasmania.

Sydney's cooling real estate market is forcing sellers to lower expectations leading to price fluctuations in real estate value and buyers opting to looking auctions to guarantee bank valuation approval.

Diploma Group Limited has acquired the site for its new residential project to be located in Perth's business district at Adelaide Terrace.

The Real Estate Institute of Australia (REIA) is supporting bank reform moves saying that the market concentration trend is affecting small businesses and home buyers.

For many couples property and money issues are an important aspect of any relationship. Making sure that you are both on the same page when it comes to property investment will come a long way in preventing complicated disputes in the future.

Real Estate Institute of WA is appealing changes to stamp duty regulations that has further discouraged potential buyers from purchasing homes.

Prices for property in Western Australia have dipped by 30 percent based on information released by the Real Estate Institute of WA.

Authorities have set a building revival forum for February 8, 2011 aimed at supporting the Queensland as it deals with the effects of the Global Financial Crisis.

Melbourne's suburbs lack new office buildings thus keeping demand high and vacancy rates down reported Colliers International's Melbourne Metropolitan Report.

The multi-million Yarra Valley project has failed as its lead investor Melbourne businessman Bernard Roux filed for bankruptcy.