CapitaLand’s wholly owned serviced residence business, The Ascott Limited (Ascott), is acquiring an additional 60% stake in Quest Apartment Hotels (Quest) for A$180 million (S$191 million). This will increase Ascott’s stake in Quest from its current 20% to 80%, propelling Ascott to become the largest serviced residence provider in Australasia. With 180 properties located in …
Tag Archives: Australia property news
Back-to-back increases for new home sales in Australia : HIA
Large increases in Queensland and New South Wales drove new home sales higher for the second consecutive month during May 2017 according to the latest edition of the HIA’s New Homes Sales Report – a survey of Australia’s largest home builders. However, geographic variations continue to persist across Australia’s different housing markets with substantial reductions …
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Aperture Marrickville boutique apartments for sale in Sydney
Calling Aperture home means choosing a lifestyle in perfect balance. Here you can immerse yourself in a creative, cultured community then escape to a private urban sanctuary that reflects Marrickville’s unique aesthetic and imaginative design culture. A close-knit neighbourhood with a rich character all of its own, multicultural Marrickville offers a charmingly rare sense of …
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CoreLogic : Multiple indicators point to softer housing market conditions
According to the CoreLogic May Home Value Index results ,the capital gains trend has slowed over recent months with dwelling values edging 0.4% higher over the three months ending May 2017. According to CoreLogic Head of Research Tim Lawless, Australia’s capital cities saw a cooling of housing market conditions over the seasonally weak month of …
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Schiavello, Saraceno Group plan $1bn mixed-use development in Clayton,Melbourne’s east
The Saraceno Group and Schiavello announced details of a new joint venture project, to transform a co-owned 3.52ha parcel of land into a unique multi-use precinct located in one of the fastest growing employment corridors in Melbourne’s east. To be known as M-City Monash, this mixed-use development, the largest ever undertaken in the Melbourne metropolitan …
Sydneysiders believe government regulation of foreign investment is ineffective and house prices driven by foreign, particularly Chinese investment
The study by academics at the University of Sydney revealed that more than half of Sydneysiders believe government regulation of foreign investment is ineffective. A study of almost 900 Sydneysiders about their perception of foreign investors in real estate finds a deep-seated fear that property is being bought and house prices driven by foreign, particularly Chinese, investment. …
Oxford Central by Greaton in Epping,Australia
Oxford Central by Greaton – an architectural masterpiece enjoying grandstand seats to Epping’s exciting transformation. Imbued with refined elegance and showcasing impeccable craftsmanship, Oxford Central’s two towers, Centrale and Vista, form the most prestigious landmark to grace Epping. From its proudly elevated vantage point, Oxford Central captures unsurpassed panoramic views from the majestic Sydney CBD, …
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Australia’s ANZ updates interest rates
ANZ announced an update on variable home loan and business loan interest rates. Principal and interest owner-occupier home lending; • Variable interest rates for the 80% of owner-occupier borrowers who repay principal and interest on their standard variable home loan remain unchanged at 5.25%pa. Investor home lending • The variable interest rate paid by property …
No surprise in housing price update, says Australia’s Housing Industry Association
ABS data released confirms acceleration in the rate of growth in residential property prices in late 2016, said the Housing Industry Association – the voice of Australia’s residential building industry. “This result for the December 2016 quarter shouldn’t surprise anybody. Nor should the large divergence in growth rates between Australia’s eight capital cities,” said HIA …
National Australia Bank announces changes to home loan interest rates
NAB has announced a range of changes to its home loan interest rates, including a new special fixed rate for first home buyers – the lowest rate ever offered by NAB – and increases to interest rates for new and existing owner occupier and residential investor borrowers. NAB Chief Operating Officer Antony Cahill said: “The …
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