More than one third of rented properties don't have correct smoke alarms
Figures compiled by Smoke Alarms Australia, Australia's longest-running residential smoke alarms specialist, after carrying out inspections in more than 140,000 residential properties Australia-wide show that over 1 in 3 (36%) properties managed by real estate agencies in Queensland require at least one of their smoke alarms to be replaced, and almost 1 in 4 (23%) have no working smoke alarms installed at all.
ME Bank's national broker manager, Stewart Saunders, said that with interest rates continuing to drop, it is “definitely becoming attractive” for investors to enter the market, adding that in some areas they are almost able to positively gear properties.
Expectations of further rate cuts and a lower Australian dollar are giving some fund managers reason to cheer financial markets higher. But others warn the bubble zone is closing in across shares, property and bonds.
Developers and Gov at odds over Kwinana industrial area
There are concerns about delays to legislation designed to stop urban development encroaching on the Kwinana industrial area in Western Australia. Property developers have been at odds with the Government over its plans to enforce a legally binding buffer zone in the Kwinana industrial area to keep heavy industry and residential communities apart.
Woods Bagot is not the only Australian firm increasing their global presence, and although they are openly rejecting international offers for mergers deals, other Australian firms are taking the merger and alliance approach in a bid to boost international reach.
NAB CEO Andrew Thorburn has announced a number of new measures to enhance oversight of the bank’s financial planning channels, following its revelation of a compensation project involving 750 customers.
A home in Strathfield in Sydney's inner west sold for nearly $500,000 above its reserve on the weekend. The five-bedroom house at 201 Homebush Road attracted 19 registered bidders and a crowd of more than 160 people on the day. The hammer fell at $2.39 million, $490,000 above the reserve.
