Archive for December, 2006

Home sales strong

Wednesday, December 20th, 2006

BRISBANE’S property market is still going strong despite a year of rising interest rates.
Preliminary figures to be released by the Real Estate Institute of Australia today reveal an 11 per cent increase in the median price for houses within a 5km radius of Brisbane’s inner city.
Suburbs in the middle ring (5km-20km from the centre) and [...]

Real estate set for its annual breather

Wednesday, December 20th, 2006

MELBOURNE’S suburban streets are again quietening on weekends as the auction season slows to a halt for another year.
It was a loud spring and early summer, with the streets buzzing with noise from the bids and counter-bids as millions of dollars of property changed hands.
In spring alone there were 8420 auctions, according to data from [...]

Historic cattle property sells for $27m

Wednesday, December 20th, 2006

One of Australia’s most historic cattle properties has been sold for a reported $27 million.
Goonoo Goonoo was established under an 1833 grant from King George IV to the Australian Agricultural Company.
The 5,400 hectare farm near Tamworth, in New South Wales, was owned by the Colonial Agricultural Fund, which was bought out by central Queensland cattleman [...]

Singles jumping in to buy homes: study

Wednesday, December 20th, 2006

Singles are no longer waiting for Mr or Mrs Right to come along before buying property, to ensure they don’t get priced out of the market, research shows.
No longer content to wait until getting married before buying a home, singles are instead banding together with siblings, other relations or friends to enter the property market.
Research [...]

Web site targets Australia’s property hotspots

Monday, December 4th, 2006

It is the one thing that every property investor would give his right arm to know: What’s the next big thing?
Terry Ryder thinks he can help with the answer when it comes to Australia and he has developed a subscriber-based Web site - www.hotspotting.com.au - that focuses on what he sees as the country’s best [...]

Half-price homes

Monday, December 4th, 2006

The latest scheme to get people into their own home means paying half the price of a house. But is it too good to be true? Helen Wellings investigates.
Real estate tycoon Keith Johnson says he wants to give something back to the people and thinks other developers should do the same.
He heads Johnson Property Group, [...]

Dirty real estate tricks

Monday, December 4th, 2006

David Rew is a real estate agent turned whistleblower, and he wants everybody to know it. He claims to be exposing the industry’s dirty tricks.
He’s even taken out ads in the paper. Exposing agents’ tricks and tactics, it has sent shockwaves through the well-heeled village of Mount Eliza on Melbourne’s outskirts.
“There is nothing that [...]