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Investors hurt as billions lost from property trusts

Anthony Klan News.com.au 19.02.2009
Investors hurt as billions lost from property trusts

ABOUT $6 billion has been wiped from the value of mum and dad investments after a meltdown in the nation's $30 billion unlisted property trust sector.

5 Hidden Celebrity Holiday Homes In Australia

Celebrities from Harry Potter star Daniel Radcliffe to superstar Kylie Minogue have been drawn to the huge spaces and beaches in Australia year after year, and as these places attest, they have good reason to stay a little longer. For Australia, long lambasted as a haven for crocodile chasing, barbeque loving, beach bums, has turned a corner. And while the land down under is still as relaxed as ever, they’ve come on leaps and bounds in terms of their architectural design. As you can see below, there really is some amazing property in Australia.

 
Rate cuts to put 'floor' under weak house prices

New figures show house prices continued to remain weak in most capital cities in the September quarter. The figures from Australian Property Monitors show Brisbane experienced the biggest fall in house prices over the quarter of 5.2 per cent.

 
 

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