Archive for December, 2005

Laundering laws will trap many

Friday, December 30th, 2005

EXPERTS have warned that professionals such as lawyers, accountants and real estate agents are still unprepared for tough new anti-money-laundering rules, after the federal Government released the first draft of its legislation yesterday.
Deloittes partner Chris Cass said many professionals would still be unaware that they would be captured by the new laws, which required financial [...]

Property sales spring back

Friday, December 30th, 2005

SPRING property sales are up from last year with 5150 homes changing hands.
Preliminary data released from the Real Estate Institute of South Australia shows November was the busiest month with more than 1800 property settlements.
The number of settlements is up from the winter months and last spring which recorded 5120 and 5090 sales respectively. [...]

First buyers driving market in Tasmania

Friday, December 30th, 2005

FIRST-HOME buyers are bombarding the housing market in Tasmania and are set to become the major driver of real estate activity in the next year, new research shows.

Families spending more on mortgages

Friday, December 16th, 2005

Australian households trying to pay off home loans are badly stretched with the proportion of family income spent on repayments increasing to 32.1 per cent in the September quarter, a new survey shows. The Real Estate Institute of Australia (REIA) home loan affordability report also found that while there was some improvement in the pressure [...]

Darwin, Perth house prices rise again

Friday, December 16th, 2005

House prices in Darwin and Perth again rose in the September quarter with the upward trend tipped to continue, while prices in most other cities pulled back.
A report jointly released on Wednesday by the Real Estate Institute of Australia (REIA) and Mortgage Choice indicated continuing growth in the Darwin, Perth and Hobart markets. Increasing housing [...]

The Business Bay Dubai

Wednesday, December 14th, 2005

AED 1 billion worth of rare Business Bay plots auctioned in less than 4 hours
More than AED 1 billion worth of land at the best business address in town - The Business Bay - was auctioned off by Mazad, the real estate auction house of Dubai Properties. Excitement and bidding frenzy, investors asking for more [...]