Almost two thirds of property investors are looking to buy a residential property in the next six to 12 months, according to a survey of more than 1,000 investors. Property Investment Professionals of Australia (PIPA) chair Ben Kingsley said most survey respondents believe Brisbane is a more affordable alternative to Sydney and Melbourne, where prices have already boomed.
Revolutionary eco house from Grand Designs in inner Sydney lists for more than $1.9 million
Grand Design groupies take note. It doesn’t happen often, but a house that featured on the hit Foxtel show is up for grabs. As well as appearing on series four of Grand Designs Australia, the contemporary city-fringe pad in Sydney’s Forest Lodge also won a truck load of industry awards and even grabbed the attention of the Lord Mayor.
Chinese no-deposit home loans could fuel speculation in Australian real estate
Chinese investors being offered zero-deposit home loans over Australian apartments will be charged credit card interest rates, raising fears of increased offshore speculation in the already heady property market. The privately owned Ping An Insurance, which is offering the zero-deposit home loans, will charge clients an annual interest rate of 14 per cent.
The flood of capital across borders looking for commercial property shows no sign of abating, with $US407 billion ($561.4 billion) of deals struck worldwide during the first half of 2015, up 14 per cent, property agency CBRE says.
Empire State Building's Plan to Rule NYC Real Estate
Tony Malkin, chief executive officer and chairman at Empire State Realty Trust, talks with Betty Liu about debt discrepancies between public and private real estate holding companies, his leasing standards for companies moving into the Empire State Building, and a decline in tourist dollars at the New York City landmark.
Mortgage rates: Why the big four think they'll get away with it
Notice how quiet the big four banks have been since they jacked up interest rates? Westpac added 0.20 percentage points to each of its variable mortgage rates a fortnight ago, hitting up its customers for an extra $34 a month. It'll haul in an extra $300 million a year.
Beachside suburb with prices less than $300000 draws a crowd
Frankston North is gaining plenty of interest from house hunters, especially those seeking their first home. Rising sales, shorter listing times and long inspection queues tell the story of a suburb on the move.
China's larger cities have among the most expensive residential real estate in the world, according to house price to wage ratios compiled by the International Monetary Fund in 2013. In Beijing, the median house price is more than 22 times the average annual wage.
