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CBD shops in high demand

Natalie Puchalski The Sysdney Morning Herald 04.06.2011
Malaysia’s SP Setia Bhd buying land in Australia

Malaysia-based property developer SP Setia Bhd has plans to increase its land ownership in Australia, primarily in the booming cities of Melbourne and Sydney and along the Gold Coast, reported the Star Online. “For the first few years, we are looking for investment opportunities and to take on projects that will provide quick turnaround and are easy to sell,” said Choong Kai Wai, chief executive officer of Setia (Melbourne) Development Co Pty Ltd.

CBD shops in high demand

IMPROVEMENTS in consumer sentiment and business confidence have been generating strong interest in Melbourne's CBD retail property sector, according to a CBD retail report by Savills Australia. Read more: http://www.smh.com.au/business/cbd-shops-in-high-demand-20110603-1fkxw.html#ixzz1OHjj5LKT

Perth property on the slide as Sydney steams ahead

Lucy Rickard The Sydney Morning Herald 01.06.2011

5 Tips on Buying Property

International Business Times 01.06.2011
Perth property on the slide as Sydney steams ahead

Perth's staggering drop in property prices has been laid bare with figures released today showing the city's median price is now lagging almost $50,000 behind Sydney. Prices in Perth threatened to top those in Australia's biggest city in the wake of the global financial crisis, which hit in October 2008.

5 Tips on Buying Property

Today’s market conditions favour property investors who are looking to benefit from ongoing seller discounting, healthy rental income growth and longer term capital gains. For those considering investing, here are hints and tips from Australia’s largest independently-owned mortgage broker Mortgage Choice:

National Australia Bank Buys 35% of Area Property as Real Estate Recovers

David M. Levitt and Oshrat Carmiel Bloomberg News 10.03.2011
Mortgage delinquencies point to property market chill, Fitch Ratings survey shows

AUSTRALIAN mortgage delinquencies surged in the first quarter to a record, the latest sign of cracks in what used to be booming property market.

National Australia Bank Buys 35% of Area Property as Real Estate Recovers

National Australia Bank Ltd. (NAB), the nation’s fourth-largest lender, bought a 35 percent stake in William Mack’s Area Property Partners as the U.S. firm seeks funding to expand its global real estate investments.

House prices marginally higher in last quarter of 2010

AUSTRALIAN home prices increased marginally in the final three months of 2010 but remain well below their peak levels thanks to rising interest rates last year, a survey shows.

GST Laws for Australian Residential Property to be Amended After Federal Court Ruling

The Commonwealth Government has moved quickly to clarify how residential property is treated under the GST, following a Full Federal Court decision last year that found GST was not payable on the full value added to premises by developers in some circumstances.

The lure of a perfect property storm

John Mangan The Sydney Morning Herald 05.01.2011
Australia beckons for Asian investors

Australian real estate may yet present a good investment opportunity this year with untapped growth that is attracting Asian investors undeterred by some of Australia’s foreign property ownership restrictions.

The lure of a perfect property storm

It's a perfect storm in the US at the moment, says Theodore Panagacos, who lives in Kew and plans to invest in the next couple of years in American property.


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