Prime Minister Julia Gillard and her partner Tim Mathieson need to find an alternative to the Lodge. PM wants a rental property while the Lodge is being renovated Security demands making the choice more difficult One in ten Aussies in housing stress PRIME Minister Julia Gillard is experiencing Australia’s housing crisis first hand in her […]
Housing sector ‘making a comeback’ – AAP 02 Nov 11
THE housing sector is set to make a comeback, getting a further boost from yesterday’s interest rate cut, economists say. Australian residential building approvals fell 13.6 per cent to in September, seasonally adjusted, the Australian Bureau of Statistics (ABS) said on Wednesday. Economists’ forecasts had centred on a five per cent fall in approvals in […]
Building approvals fall 13.6 per cent – News.com.au, 02 Nov 11
AUSTRALIAN residential building approvals fell 13.6 per cent to 11,889 units in September, seasonally adjusted. This compares to a downwardly revised 13,758 units in August. In the year to September, building approvals were down 12 per cent, the Australian Bureau of Statistics (ABS) said on Wednesday. Economists’ forecasts had centred on a five per cent […]
Last call for Melbourne Property Investors in Singapore!
Only 4 Units of 1-Bedrooms Left!!! Presenting One Lygon… Price: AUD$420,000 with car park! Deposit: 10% at point of purchase + 10% upon completion! You only need to put down approximately AUD$42,000 at point of purchase and another AUD$42,000 at upon completion. Location: 1 Lygon Road, Brunswick, Victoria – Just 4km to Melbourne CBD Long […]
MF Global Singapore to be wound down – The Straits Times, 2 Nov 11
Anxious investors swarm Singapore office Summary: The Singapore operations of a Wall Street brokerage that has collapsed as a result of the European debt crisis are to be wound down. Accountancy giant KPMG has been appointed as the provisional liquidator to oversee the process, the firm MF Global Singapore said last night. Its parent, MF Global, filed […]
Home Sales Unlikely to beat last year’s high – The Straits Times, 1 Nov 11
Summary Strong economy first 9 months but global economic uncertainty to take toll Sales of new private homes may come close to last year’s record high, but they are unlikely to surpass the figure with global economic uncertainty affecting demand, experts say. Homes sales for the first 9 months of this year came in at […]
Laguna Park, Henry Park Apartments up for collective sale – Channel News Asia 31 Oct 11
Laguna Park at Marine Parade Road is up for collective sale with a reserve price of S$1.25 billion. Together with Henry Park Apartments, which is also up for collective sale at between S$170 million and S$180 million, the total value of properties that have come up for sale in October has hit close to S$5 […]
Buffet of New Homes – The Straits Times, 31 Oct 11
Summary A large supply of mass-market homes is set to enter the market by the end of this year. These 99-year leasehold projects are mostly from the flood of suburban state land released by the government over the last year as it attempted to cool robust home-buying demand from first-timers and upgraders. At least 5 […]
HDB resale flat prices up 3.8% – Channel NewsAsia, 28 October 2011
Summary: HDB Resale Prices has increased by 3.8% as compared to the previous quarter Resale transactions fell by 10% from 6,581 cases in the second quarter to 5,903 cases in the third quarter. Overall increase from Q3 2011 is 11.6%, which is an all-time high, i.e. HDB resale prices has been increasing at an average […]
The Importance of Tax Agent and Property Manager when investing in Australian properties from abroad
Here I go again, I thought wryly. Who is the idiot who invented giving things for free when there is an unseen cost to it? I was meeting a client, explaining to him about property investing in Melbourne. There are certainly many differences between investing a property in Melbourne and Singapore. But one question that […]