Figures recently released by the Real Estate Institute of Western Australia (REIWA) reveal low rental vacancy rates for the Perth metropolitan area – reflecting potential investment opportunities in Perth. In the three months to February, vacancy rates for rental housing fell to 2.3 per cent
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The results from this week’s property auction in New South Wales reveal continued modest improvement in the market. A clearing rate of 57 per cent illustrates consistency over the past month, fluctuating mildly between 56 per cent and 62 per cent for four weeks running.
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The decision to hold official interest rates steady at 4.25 per cent last week (March 7) was not well received by some Australian organisations, as many had hoped for a reduction. The Housing Industry Association (HIA) saw the decision as detrimental to the economy, suggesting
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When considering a real estate investment, many factors contribute to the decision-making process. Will the venture be profitable? What is the risk versus reward? How long will it take to get a positive return on the investment? It is possible to narrow down your location
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Yesterday (March 1), Western Australia confirmed another project that will bring funds and jobs to communities in the region – news that may encourage commercial property investment in the area. WA’s government approved construction of a 53km railway and 220kV power line for Hope Downs
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A number of recent announcements involving Melbourne and its surrounding suburbs may encourage Melbourne property investment. Government initiatives to increase trade, cultivate the city as a technology hub and enhance research and development in the state have been showing signs of success. Several educational partnerships
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An encouraging report from the Housing Industry Association (HIA) may promote property investment in Australia, as conditions look to favour buyers. Numbers from the HIA-Commonwealth Bank Housing Affordability Index for the December 2011 quarter indicate a 2.2 per cent rise in affordability. The market saw
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Property investors trying to decide where to devote their resources in Australia may be intrigued by positive news from the Northern Territory, which could be attracting foreign investment. A global survey of mining companies released yesterday (February 28) ranked the state as the top jurisdiction
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Investing in commercial property seems to be in high demand in the majority of Australian cities, the latest Office Market Report from the Property Council of Australia shows. The second half of 2011 was when most of the growth took place, as the amount of
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Victoria experienced a rise in planning permit activity in 2010-11, showing continued confidence in the region’s economy. Permit decisions granted during the year totalled $23.2 billion, which marks a rise of 29.4 per cent on the previous 12-month period. Planning minister Matthew Guy suggested that
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