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THE FEDERAL Government will spend almost $8.5 billion on certain infrastructure projects, but has left the future of other infrastructure projects on ice. The Building Australia Fund - worth $20 billion ...
Wednesday, 13 May 2009
THE TROUBLED Southern Star Observation Wheel in Docklands will be dismantled, and rebuilt as part of a $20 million major repair, starting next month. A total of 21 cabins will be removed, as well as rim ...
Wednesday, 13 May 2009
AN AVONDALE Heights man has been charged $52,000 for demolishing a home in one of Melbourne's most unique inner-city housing estates. The Melbourne Magistrates Court yesterday fined 66-year old Hodo Zeqaj ...
Wednesday, 13 May 2009
4. Lend Lease to Defer Asset Sales
(Real Estate News/National)
As previously advised Lend Lease Corporation (“Lend Lease”) is not a forced seller of assets and has no intention of selling assets at sub optimal values. Given current market conditions Lend ...
Monday, 11 May 2009
THE SALVATION Army has reaped $1.95 million from the sale of a riverside Kew property it acquired as part of a bequest last year. The Blythswood Court home was left to the Salvation army last year by artist ...
Monday, 11 May 2009
IKEA is set to build a 37,000 square metre megastore at Tempe, in Sydney's south. The store would be the biggest IKEA in the southern hemisphere, and be built on a former rubbish tip on the Princes Highway. ...
Monday, 11 May 2009
VICTORIAN Premier John Brumby used inflated employment projections in last week’s budget, to sell his $7 billion infrastructure plan to the public. Mr Brumby told Parliament last Wednesday the Victorian ...
Monday, 11 May 2009
ONE OF the tallest office buildings in St Kilda Road may be on the market soon, with a price tag of some $50 million. Sources say Mirvac PFA Diversified Property Trust is considering selling the Brixton ...
Sunday, 10 May 2009
9. Lockerbie, Kalkallo Announcement, Weeks Away
(Real Estate News/Victoria)
A DECISION to build a $4.5 billion province with the potential to house 35,000 people, may be made by Planning Minister Justin Madden within weeks. Delfin Lend Lease’s Lockerbie development, on farmland ...
Sunday, 10 May 2009
THE PUBLISHER of cartographic icon the Melways has denied the advent of in-car digital GPS technology, is threatening the life of the 43-year old street directory. Ausways – publisher of the Melways ...
Sunday, 10 May 2009
TWO DILAPIDATED mansions, until recently used as student housing, have sold and will be fully restored by their new owners. The state government finally disposed of its 14-bedroom Redcourt property at ...
Sunday, 10 May 2009
MELBOURNE-based developer Drapac is understood to be in negotiations to buy a large Queensland farm. The rural property is expected to be plugged into the newly formed Drapac Agriculture business, sources ...
Sunday, 10 May 2009
A PARTNERSHIP between Melbourne-based builder the Bendix Group, and Malaysian developer the Crossfields Group, has spent some $10 million on three Victorian development sites. Angus Polar, the name for ...
Sunday, 10 May 2009
FORMER pop singer Jason Donavon has sold his Toorak house for about $2.7 million. The Torresdale Court home failed to sell at auction yesterday, passing in on a vendor bid of $2.37 million. Marshall ...
Sunday, 10 May 2009
A BUYER for one of the inner-city’s biggest residential development sites is expected to be announced by the end of next month. Colliers International selling agent John Marasco told The Age demand ...
Sunday, 10 May 2009
THE CHURCH of Scientology is one step closer to selling its outgoing Melbourne CBD headquarters. A quiet Expression of Interest campaign to offload 42 Russell Street closed on Thursday, with sources ...
Sunday, 10 May 2009
THE property developer that thwarted the sale of the Naval and Military Club's headquarters last year has quietly bought the 1960s city building for what is believed to be a big discount to its original ...
Sunday, 10 May 2009
St Hilliers Contracting has been appointed to construct one of southeast Queensland's $150 million mixed-use Mon Komo project, on the Redcliffe Peninsula. In a statement, the company said it was "appointed ...
Thursday, 07 May 2009
HIA has welcomed the Victorian Government’s budget measure to boost the state contribution to the First Home Owners Grant.  HIA’s Victorian Executive Director Gil King said: “This ...
Thursday, 07 May 2009
Many Australians are unaware that the vast majority of lenders now require loan applicants to provide evidence of regular, genuine savings and at least a 5% deposit outside of any grants or other incentives*. ...
Wednesday, 06 May 2009
Macquarie CountryWide Trust (ASX:MCW) today announced it has signed unconditional contracts for two disposals in Australia totalling A$14.7 million. A further settlement has also occurred on the US portfolio ...
Wednesday, 06 May 2009
PLANNING Minister Justin Madden has approved $862 million in property projects, in an attempt to create jobs and ease a shortage of housing. The 20-hectare Kodak site in North Coburg, purchased by Urbex ...
Wednesday, 06 May 2009
23. Double Bay Residents Protest 20-Level High Rise Towers
(Real Estate News/New South Wales)
RESIDENTS of ritzy Double Bay, in Sydney's eastern suburbs, were out in force on Sunday May 3, opposing the development of twin 15-storey towers, on the site of the Stamford Plaza Hotel in Cross Street. ...
Wednesday, 06 May 2009
REDgroup Retail, the new owner for Borders and Angus & Robertson bookshops, is reported to have leased about 1,600 square metres of space at the former Herald & Weekly Times building, now the premium ...
Wednesday, 06 May 2009
SKATEBOARD king Stephen Hill is reported to have sold his Nobby Beach home to Melbourne-based pokies king, Bruce Mathieson, for an estimated $18 million. The six-bedroom, six-bathroom home at 1 Albatross ...
Wednesday, 06 May 2009
Macquarie Leisure Trust Group (ASX:MLE) today announced unaudited total revenue and earnings results by division for the nine month period ended 31 March 2009. Macquarie Leisure Trust Group’s Chairman, ...
Tuesday, 05 May 2009
The Reserve Bank of Australia (RBA) has announced today that the Official Cash Rate will remain unchanged this month. Therefore the Official Cash Rate continues at 3.00%. The next RBA Meeting will be held ...
Tuesday, 05 May 2009
28. PCG Group Appoints David Barnard as Director
(Real Estate News/Victoria)
Workplace expert Project Control Group Pty Ltd (PCG) has appointed David Barnard as Director to their Melbourne business providing independent property advisory and project services to  Melbourne's ...
Tuesday, 05 May 2009
A DEVELOPMENT company affiliated with business identities Ron Walker and Ashley Williams, has quietly purchased a North Melbourne office building, once the headquarters of departed clothing manufacturer ...
Monday, 04 May 2009
Coming back onto the market after a leave of absence, is Parkville’s Cumnock mansion - once part of theological school Ridley College, which closed its bibles and vacated last June. Melbourne-based ...
Monday, 04 May 2009
AFTER languishing unsold for more than three years – then being quietly withdrawn last June – one of South Yarra’s most unique homes is back on the market, and being targeted more aggressively ...
Monday, 04 May 2009
ONE OF Melbourne’s most renowned real estate agents is selling his palatial mansion in Kew, in preparation for a move to Queensland. Barry Plant, 40-year real estate veteran, and the name behind ...
Monday, 04 May 2009
MULTINATIONAL computer technology and consulting company IBM is scouring the Melbourne market for new offices. Sources say IBM is looking for up to 8,000 square metres of space in the CBD, Southbank and ...
Monday, 04 May 2009
THE STATE GOVERNMENT’s new Coastal Climate Change Advisory Committee expects to consult the Minister for Planning Justin Madden about rising sea levels, over the next 12 to 18 months. News of ...
Monday, 04 May 2009
THE CENTRE for Adult Education is continuing to cement itself in the Flinders Lane precinct, leasing about 2,500 square metres of space at the former National Australia Bank headquarters. Sources say CAE ...
Monday, 04 May 2009
Johnson and Johnson’s massive suburban office in Mulgrave, has sold to a private investor for $8.7 million. Leighton Properties, the owner of the property, disposed of the 3,600 square metre office ...
Monday, 04 May 2009
DISCOUNT supermarket giant Aldi is understood to have paid about $7 million for a development site abutting the South Preston Shopping Centre, at the suburb border of Preston and Thornbury. Aldi is expected ...
Monday, 04 May 2009
RECEIVERS for failed investment planning company Storm Financial have reaped just $5.7 million from the sale of a city-fringe office building, once earmarked to be the group’s Melbourne headquarters. ...
Monday, 04 May 2009
A MASSIVE Abbotsford property, once occupied by Kevin Dennis Motors as a service and sales delivery centre, is being redeveloped into Hive, a $50 million shopping centre, and residential village. A Genser ...
Thursday, 30 April 2009
ONE HUNDRED years after the Preston Bowls Club was established, its prominent northern suburb bowling green and club room in Murray Road, has been sold to developers, and will make way for apartments. ...
Thursday, 30 April 2009
41. Glenbrae Equestrian Centre on the Market
(Real Estate News/Victoria)
A HORSE training centre developed by former Hawthorn Premiership Captain Don Scott in the mid 1990s, is for sale at $2.2 million. The Glenbrae Equestrian Centre, in Wandin North, about 40 kilometres east ...
Thursday, 30 April 2009
RELAXED rules relating to the sale of property to foreigners, formally introduced earlier this month, has resulted in “a flood” of prestige properties selling to investors from mainland China. ...
Thursday, 30 April 2009
43. Burgess Rawson Buys CBD Office Building
(Real Estate News/Victoria)
AT LEAST one real estate agency has put their money where their mouth is, forking out just over $5 million for a historic CBD office building, it plans to owner occupy. Directors from middleweight agency ...
Thursday, 30 April 2009
LIQUIDATORS for the failed Dollarforce Group, are likely to reap about $3.5 million for an inner-city office development site, abutting Mirvac’s Yarra’s Edge precinct, in Docklands. The failed ...
Thursday, 30 April 2009
THE UNITING Church of Australia has shelved plans to develop a 20-level, $100 million office building on the grounds of its Wesley Uniting Church site in Lonsdale Street. Reverend Kim Cain said a change ...
Thursday, 30 April 2009
TWO NEW buildings, one rising as high as 10-levels, will be developed opposite the State Library of Victoria, and abutting Melbourne Central. After twelve years and three development applications, the ...
Thursday, 30 April 2009
QUEENSLAND-based travel agency Flight Centre is bracing itself for a loss, after deciding to sell the St Kilda Road office building it bought and renovated at the peak of the market 16 months ago. ...
Thursday, 30 April 2009
APN Property Group director Howard Brenchley said the cash strapped developer will use the $33.01 million it has just pocketed from the sale of a Docklands office building, to reinvest into its other opportunites ...
Thursday, 30 April 2009
A WILLIAMSTOWN house, believed to be the oldest home in Melbourne, is at the centre of a redevelopment dispute. The dilapidated home sits in a corner of 43 - 45 Aitken Street. That site was recently ...
Friday, 24 April 2009
50. Apartment on Former Baillieu Estate, For Lease
(Real Estate News/Victoria)
An ultra-ritzy penthouse apartment built on what was once the backyard of another Toorak estate, the childhood home of State Opposition Leader Ted Baillieu, has also come on the market for rent. Unit 3 ...
Wednesday, 22 April 2009
51. The pros and cons of rental guarantees
(Real Estate Articles/Articles)
What's in store for apartment investors when the rental guarantee runs out? Marc Pallisco finds out. According to most real-estate agents, Melbourne's apartment market has decelerated from the ...
Friday, 07 September 2007
52. Renter generation could be here to stay
(Real Estate Articles/Articles)
For many renters, high prices are turning the great Australian dream of home ownership into exactly that - a dream, writes Marc Pallisco. Melbourne's 284,000 rented households have a very big decision ...
Tuesday, 11 September 2007
53. latestsales.com.au
(Real Estate News/Victoria)
The REIV has launched a new resource to help house hunters to understand property prices when looking to buy their home or investment property. CEO, Enzo Raimondo said that for just $19.95 residential ...
Tuesday, 17 July 2007
54. Pricing Guidelines
(Real Estate News/Victoria)
Last week the REIV released guidelines to ensure some consistency with the advertising of prices for residential property auctions. This followed a review of auction results which showed many variations ...
Wednesday, 06 June 2007
55. Units and townhouses appeal to buyers
(Real Estate News/Queensland)
Declining housing affordability is prompting more and more people to consider alternative ways of entering the property market. With median prices of houses often between 20 to 60 per cent higher ...
Tuesday, 02 October 2007
56. Qld's million-dollar babies
(Real Estate News/Queensland)
These days, the incidence of multimillion-dollar residential property sales in Southeast Queensland has become so frequent that it almost passes without comment. Indeed, according to the Real Estate Institute ...
Tuesday, 25 September 2007
57. Queensland is the place to live
(Real Estate News/Queensland)
Queensland really is the place to live. The Sunshine State is the nation's fastest growing state, has record low unemployment, a strong economy and, according to the latest Real Estate Institute of Queensland ...
Sunday, 09 September 2007
‘Housing affordability, now at critically low levels right across Australia, must be on the election agenda as a priority,’ says Graham Joyce, President of the Real Estate Institute of Australia ...
Friday, 19 October 2007
59. Housing Affordability Weakens as Investors Swoop in
(Real Estate Articles/Articles)
        Housing Affordability Weakens as Investors Swoop in Prospective home buyers dealt some cruel blows over the last couple of years. For starters, the Reserve ...
Tuesday, 01 May 2007
60. More Women Buying Property
(Real Estate Articles/Articles)
Footloose and fancy free female seeks accountant, bank lender and real estate agent – for date with financial security. That’s right, girl power is ripe in Melbourne’s real estate game, ...
Friday, 26 January 2007
61. Baby Boom Spurs Demand For Middle Ring Suburbs
(Real Estate Articles/Articles)
It’s official – Australia is in the midst of a mini baby boom – and one that is causing a grand old game of musical chairs in Melbourne’s inner and middle ring suburbs. After 13 ...
Wednesday, 28 February 2007
62. Rental Crisis Spurs Property Investor Boom
(Real Estate Articles/Articles)
Melbourne’s 284,000 renting households are finding themselves caught between a rock and a hard place. On the one hand vacancies for rental properties are at an all time low 1.7% - and landlords ...
Wednesday, 07 February 2007
63. Which Coast and Country Regions Have Yet to Peak?
(Real Estate Articles/Articles)
Picking which one of Victoria’s coast and country townships will excel is no easy task, reports Marc Pallisco. With Victoria’s coast and country real estate markets performing so well for ...
Friday, 01 December 2006
It’s a magic number, really. Tell a real estate agent that you have $500,000 to spend, and they should be able to find you a house in any part of Victoria – Hawthorn to Hamilton. We ...
Saturday, 16 September 2006
65. Top Ten Suburbs to Watch This Spring
(Real Estate Articles/Articles)
THE Spring sale season has begun! And with real estate prices just shy of their 2001 peak, Spring 2006 might be the season for new records. Where do industry insiders say we should be looking? Alphington ...
Saturday, 16 September 2006
For years there’s been a growing divide between suburbs that have increased in value, and others which fell back. Five years after the real estate market’s ‘peak’, we ask which ...
Wednesday, 30 August 2006
THE market leading pace with which some western suburbs started the year, seems to have hit a snag, with the top ten suburbs recording relatively lower levels of growth than the other regions. Only nine ...
Thursday, 08 June 2006
THE performance of Melbourne’s southern suburb’s reflects the truism that the rich are getting richer. Nine of the ten best performing suburbs had annual median house growth of more than ...
Tuesday, 01 August 2006
Victorian State Treasurer John Brumby can expect to collect more than $52,000 in stamp duty from the sale of a Footscray home he used to live in. Jas H Stephens real estate director Craig Stephens this ...
Saturday, 24 March 2007
70. Know Your Rights as a Victim of Underquoting
(Real Estate Blog/Realestate Blog)
Morrell and Koren director Christopher Koren has again called on home buyers to report cases of underquoting to the Department of Justice if the practice is to be stopped. He said that in the two years ...
Sunday, 09 July 2006
71. Another Bathing Box Comes to the Market
(Real Estate News/Victoria)
To Melbourne’s bourgeoisies, nothing spells exclusivity like a bathing box. While investors often wait years for a box to become available, it would appear Christmas has come in July - with two listed ...
Sunday, 30 July 2006
North of the Yarra River, blue ribbon real estate doesn’t come much more exclusive than Leslie Road and Riverview Road in Essendon. So when a house at the corner of these tree lined boulevards becomes ...
Saturday, 30 June 2007
73. Deakin University's Toorak Campus to be Sold
(Real Estate News/Victoria)
Deakin University’s Toorak campus is rumoured to be on the market, in a deal sources say could boost the school’s coffers by more than $25 million. In a press release issued this week, Professor ...
Saturday, 05 August 2006
Who said corporate altruism is dead? Head of the Dennis Family Corporation Bert Dennis this week donated a $360,000 luxury home in the western suburb of Wyndham Vale to launch Legacy Week later this month. ...
Sunday, 05 August 2007
75. Top honour goes to leading local agent
(Real Estate News/New South Wales)
Wagga Wagga real estate agent Chris Fitzpatrick took out the prestigious Woodrow Weight Award for outstanding contribution to real estate agency practice in the 2007 Real Estate Institute of New South ...
Wednesday, 24 October 2007
Industry insiders have confirmed that Shane Warne’s Brighton home is being quietly marketed for sale. The news comes weeks after estranged wife and television identity Simone Callaghan started rebuilding ...
Friday, 01 September 2006
77. Top real estate performers honoured
(Real Estate News/New South Wales)
Real estate agents from all corners of NSW gathered at Sydney's Convention and Exhibition Centre on Saturday night to recognise the achievements of their peers. Welcoming guests to the Real Estate Institute ...
Monday, 22 October 2007
78. Miserable outlook for Sydney tenants
(Real Estate News/New South Wales)
Christmas is coming, but it is not going to be very festive for people seeking rental accommodation in Sydney according to Cristine Castle, President of the Real Estate Institute of New South Wales (REINSW). ...
Wednesday, 17 October 2007
79. Year-long rental drought for Sydney
(Real Estate News/New South Wales)
For the 12th month in a row, the residential property vacancy rate in Sydney has remained at below 2% - the benchmark figure that indicates whether or not there is a rental crisis. Data just released by ...
Tuesday, 11 September 2007
80. Shortage of listings affects Sydney market
(Real Estate News/New South Wales)
Home-owners are sitting tight, resulting in a sharp decline in property turnover, according to second quarter 2007 data just released by Real Estate Institute of New South Wales. The figures show the number ...
Friday, 24 August 2007
81. Western Bulldog Footballers Buy in Maidstone
(Real Estate News/Victoria)
The western suburb of Maidstone may soon have enough professional footballers to make a team, with Private Property learning four Western Bulldog players have bought into Essence, a new estate being developed ...
Saturday, 09 September 2006
82. No ease-off in rental demand
(Real Estate News/New South Wales)
The number of vacant rental properties in Sydney's outer suburbs eased slightly in July to 1.5%, but supply in the inner city and suburbs within 25km of the CBD remained tight at 1.4%, according to data ...
Friday, 10 August 2007
83. REINSW announces Awards finalists
(Real Estate News/New South Wales)
Outstanding professionalism and creative thinking were among the attributes sought by the judges selecting the finalists in this year’s REINSW Awards for Excellence. “The Awards reward those ...
Wednesday, 25 July 2007
84. Floods wash-up affects Newcastle renters
(Real Estate News/New South Wales)
Last month's floods in the Hunter Valley have had a significant impact on the availability of rental property in Newcastle and surrounding towns, with the vacancy rate for June declining to 1.7% compared ...
Friday, 06 July 2007
85. Move in the right direction
(Real Estate News/New South Wales)
The Real Estate Institute of New South Wales has applauded property initiatives announced in the State Budget including the reduction of land tax from 1.7% to 1.6% and the bringing forward of the abolition ...
Tuesday, 19 June 2007
86. Pressure is still on for renters
(Real Estate News/New South Wales)
Vacancy rates for Sydney rental properties showed little pick-up in May, giving tenants no respite from the lack of available accommodation in the city. The situation in both the inner city and those suburbs ...
Tuesday, 12 June 2007
87. Homeowners stay put in slumping market
(Real Estate News/New South Wales)
The stagnant state of Sydney's housing market is evident in the first quarter 2007 property data just released by the Real Estate Institute of New South Wales. The volume of house sales declined in both ...
Tuesday, 22 May 2007
88. Sydney's rental situation still tight
(Real Estate News/New South Wales)
While Sydney's rental situation eased slightly in April, it is still a very tight market with little relief for tenants according to Cristine Castle, President of the Real Estate Institute of New South ...
Tuesday, 08 May 2007
89. TV Personality Sells Milford Mansion in Kew
(Real Estate News/Victoria)
A Victorian couple has outbid two international parties for the landmark Milford mansion in Kew. The Italianite mansion, built in the height of the 1850s gold rush, sold for in excess of $4 million after ...
Sunday, 09 September 2007
90. Real estate industry showcases web innovation
(Real Estate News/New South Wales)
Two industry bodies are in town for the local launch of a unique internet marketing initiative that provides real-time information on properties for sale, boosting the capabilities of real estate agencies, ...
Monday, 30 April 2007
91. REINSW backs Treasurer's tax call
(Real Estate News/New South Wales)
The Real Estate Institute of New South Wales has welcomed a call by the Federal Treasurer Peter Costello for the NSW State Government to abolish stamp duty on commercial real estate transactions. “Part ...
Tuesday, 20 March 2007
92. Property know-how at show
(Real Estate News/New South Wales)
With rental vacancy rates at an all time low in Sydney, Adelaide and Perth and new property development stagnant in many areas, there is a critical need for investors to return to the market to meet pent ...
Friday, 16 March 2007
93. REINSW calls on NSW Government to take action
(Real Estate News/New South Wales)
The NSW Government needs to take immediate action to stimulate property investment by slashing property taxes, the Real Estate Institute of NSW said today. “We congratulate the NSW Liberals/Nationals ...
Monday, 26 February 2007
94. Rental crisis spreads to university towns
(Real Estate News/New South Wales)
University towns around NSW are under pressure as the annual influx of students worsens the already low levels of available accommodation “The low level of rental vacancies is not just a Sydney problem,” ...
Friday, 02 February 2007
95. Land tax press release
(Real Estate News/New South Wales)
REINSW calls for the abolition of land tax on residential property. Figures from Valuer General Philip Western show that residential land values across NSW fell 0.06% in the 12 months to 1 July, 2006, ...
Monday, 15 January 2007
96. Too scared to move
(Real Estate News/New South Wales)
The Real Estate Institute of NSW vacancy rate survey for November shows that tenants in Sydney are concerned about rising rents and are staying in their current accommodation for as long as they can. The ...
Saturday, 09 December 2006
97. Rental Housing Crisis Looms
(Real Estate News/New South Wales)
The Real Estate Institute of NSW Vacancy Rate Survey for October shows that Sydney will be in the grip of a rapidly worsening rental housing crisis early in the New Year. REINSW President Cristine Castle ...
Monday, 13 November 2006
98. Rate Rise Worsens Investment Drought
(Real Estate News/New South Wales)
REINSW President, Mrs Cristine Castle, today called on the NSW Government to abolish land tax on all residential investment and provide stamp duty relief to over 65s to counter some of the impact of today’s ...
Wednesday, 08 November 2006
99. A Great Time to Buy in Sydney
(Real Estate News/New South Wales)
September Quarter house and unit price figures released today by Australian Property Monitors (APM) show that it’s a great time to buy real estate in Sydney with house prices in Perth poised to become ...
Friday, 03 November 2006
100. REINSW Opposed to Tenancy Auctions
(Real Estate News/New South Wales)
Real Estate Institute of NSW President, Mrs Cristine Castle, said the emergence of tenancy auctions in the ACT should not be a precursor for similar auctions in NSW. “The Real Estate Institute of ...
Tuesday, 31 October 2006
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