Markets in Australia reduce overall household welfare

According to a published study, the market outlook in Australia revealed that the overall decline was affecting household income and affected mortgage loan rates. According to information received from ABS, total household assets were $ 12.6 trillion at the end of 2018, and their value declined both in September and December 2018 and by 1.6 …

New property sales report released in Australia

New property sales continued to cool in February, according to a recent report in Australia. According to the Housing Industry Association’s New Home Sales report, new property sales have dropped noticeably since late 2017. The report evaluated the largest volume house constructions in five states. In Victoria, Western Australia and South Australia, new property sales …

Abandoned Buildings in Australia

New buildings are being built and sold in Australia every day. There are also abandoned buildings built after years in the country. Here are 7 buildings abandoned in Australia … There are many buildings from the Victorian era, especially in the Queensland region. These buildings resemble a ghost city. Surprising buildings with their spooky images …

Increasing housing supply in Australia

According to data from an industrial organization in Australia in the coming days, housing supply in Australia will reach record levels. The head economist Tim Reardon, who spoke at the March Industrial View of the Housing Industry Association in Sydney, said that despite the 50 percent drop in approvals in the last quarter of 2018, …

Can the commercial property in Australia win a variety?

The real estate crisis in Australia causes investors to withdraw. However, according to real estate experts, investors can diversify their portfolios by investing in commercial properties. Many investors in Australia are afraid to invest due to the shortage of real estate experienced in the country. Is it right to invest in real estate for real …

IHG to open new property in Australia

The Holiday Inn Express, which runs under the IHG hotel brand, opens a new hotel this week to the South New Wales area of Australia. The newly opened hotel will open in New Castle. The 170-room hotel will be close to the city’s commercial districts, the city center and the Newcastle harbor. Pro-invest Group CEO …

Sydney announces housing project competition

Sydney, one of Australia’s most important real estate markets, will conduct a New Housing Idea Competition to add new and affordable housing to the city. The aim of the competition is to add new housing to existing stocks at lower price points. The competition will be open to everyone who wants to add new movement …

Industry demand increases in private lands in Australia

Australia land owners is relying on industrial land values and volume of demand from institutional investors . Many landowners sell their land to industrial investors with big profits. Even the lands that are not ready for development are sold to the investors for the high price. According to JLL data, it represents half of all …

Prices in Australia continue to rise in 3 capitals

Despite the softening of the general market in Australia, new prices continue to rise in 3 capitals. Property prices in Australia declined by 2.3 percent. However, prices continue to increase in the major capitals of the country. According to REIA President Adrian Kelly, prices have risen in Hobart and Adelaide, although property prices in the …

Land prices rise in Australia

According to the new data published, despite the decline in demand in Australia, land prices continue to rise. CoreLogic released March’s Housing Land report. According to the report, a 16.2 percent increasing in land demand was observed, while land prices rose. HIA chief economist Tim Reardon said the general market slowdown has not managed to …