REAL ESTATE

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Hemmes scores over Ivy battle

The Ivy owner, Justin Hemmes, was allowed to convert a performance bond in order to pay for numerous defects in his $66 million investment in Sydney.
Admin System Sep 22, 2010

Feds delay NSW pensioners housing rent hike

Single pensioners living in public housing in New South Wales take a temporary relief from paying more rent as the federal government intervenes in their case.
Admin System Sep 20, 2010

$20m insurance claims flood council

The Insurance Council of Australia estimates the total amount of the claims from flood-affected residents in north-east Victoria at $20 million.
Admin System Sep 14, 2010

Lending finance close to flat in July

The Australian Bureau of Statistics (ABS) reports a very slight increase in the financing activities for the month of July.
Admin System Sep 13, 2010

CLSA hits at CBA

Equity broker and financial services group CLSA accused the Commonwealth Bank of Australia (ASX: CBA) of keeping details of a housing bubble away from the public eye.
Admin System Sep 13, 2010

Japanese enters housing industry

Multinational property management Lend Lease Group (ASX: LLC) will have a helping hand in its planned community projects and apartment developments in Australia.
Admin System Sep 10, 2010

First home buyers back in action

The largest mortgage broking group in Australia revealed a significant rise in first home buyers who secured their services for the past two months.
Admin System Sep 08, 2010

Renting all the way

A new survey to measure borrower and would-be borrower sentiment for housing loans shows a decrease in the confidence level among home buyers.
Admin System Sep 07, 2010

Few new houses in August

Construction activities in August remained weak sending the number of new houses to plunge after 16 months.
Admin System Sep 07, 2010

Queensland losing property investments

Queensland may not be seeing new houses due to very high development levies and rising uncertainty in the Queensland planning system.
Admin System Sep 01, 2010

Rent prices rise by 30 percent

Shopping strips may be lined up with empty shops due to the staggering increase in rental prices.
Admin System Sep 01, 2010

Rise in building approvals provide cautious optimism

A lift in dwelling approvals in July provides a cause for cautious optimism that the wavering residential building upturn can regain momentum, according to Master Builders Australia, the peak body for the building and construction industry.
Sharon Olalia Aug 31, 2010

Dwelling units approved up in July

The number of dwelling units approved rose in July, according to data released today by the Australian Bureau of Statistics.
Sharon Olalia Aug 31, 2010

Six-star energy raised construction cost

Based on the Master Builders State housing industry report, the introduction of six-star energy requirements for new homes caused the increase. Master Builders' director of housing policy Paul Bidwell said seventy percent of the cost increase can be attributed to the one-off impact of six-star energy requirements rather than significant increases in labour and/or material costs.
Admin System Aug 27, 2010

Rental vacancies high in July

The number of available rental properties in Sydney was 1.6 percent in July. The figure is close to the 1.7 percent vacancy rate in January 2010.
Admin System Aug 27, 2010

Property investors just holding out for spring heat wave

It is not just the uncertainty in the political climate that keeps business players from making moves. The drop in investment housing loans this year could also be taken as a sign of property investors saving up for the spring selling season.
Admin System Aug 25, 2010

Diploma takes stage 1 of Fort Knox

The Diploma Group will develop the first stage of Fort Knox in Fremantle, Western Australia. The stage 1 development has an allocation of $11 billion.
Admin System Aug 24, 2010

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