A one-bedroom unit in Cabramatta sold at auction last week for $95,000. In November 2003 it cost $262,500.
The mortgagee repossession sale is part of a trend, say real-estate agents and analysts, who are united in the belief falling house prices are more common in Sydney’s west than elsewhere in the city.
For the buyer of [...]
RACING legend Peter Brock has shocked family and friends by leaving a will that was drawn up soon after he left his long-time partner Bev Brock for lover Julie Bamford.
But Ms Brock has revealed that despite his glittering career and nine Bathurst wins, Australia’s leading racing driver failed to amass a fortune.
“There will be nothing [...]
STEVE Irwin’s obsession with wildlife had him spend $14million buying tracts of land in Queensland in an effort to preserve the habitat of threatened species.
His legacy was a property portfolio worth an estimated $20million. Apart from the Australia Zoo land north of Brisbane, it is mostly rural and, if his dream of creating animal sanctuaries [...]
Sept. 4 (Bloomberg) — Australia’s home-building approvals rose the most in more than a year in July, stoking expectations the central bank will increased interest rates again by December.
The number of approvals to build or renovate houses and apartments soared 8.3 percent from June to 14,288, the Bureau of Statistics said today in Sydney. [...]
Real estate agents are actively using internet sites like Realestateguide.com.au and are planning to steadily reduce their advertising in newspapers.
More than half the real estate agents (51 percent) who participated in a Classified Intelligence survey said they were advertising on free classified sites. Many said they plan to cut their newspaper advertising because it [...]