Is Government Scouring Australia For Public Housing Sites?
A MAJOR but confidential Expression of Interest campaign seeking residential rental properties – believed to be for the government’s affiliated affordable and social housing agencies – has closed after almost six months.
The advertisement sought 400 unoccupied dwellings nationally, configured as motel rooms, blocks of flats, disused retirement villages, and clusters of units and houses.
The mystery tenant is offering 12 month leases with renewal options of up to five years on a case by case basis.
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THE federal and state governments are continuing to buy development sites and vacant properties that it can convert into public housing.
KOREAN-based investors have emerged as one of the biggest buyers of Australian commercial real estate since the 2008 economic downturn.
AUSTRALIA’s lucrative student accommodation sector is at risk, with cash strapped United States universities said to be preparing to open their doors to more foreign graduates in the wake of the economic downturn.
THE levels of waste being uncovered as part of the Rudd government’s Building the Education Revolution are continuing to come to light with a report in The Australian showing school canteens built by the Catholic school system under the controversial $16.2 billion program, are up to five times cheaper than those delivered by the government.
WOOLWORTHS has launched a campaign to sell 31 Australian shopping centres and three development sites.
TAXPAYERS will flip the costs defending the Rudd government against an expected 800 class action law suits, as a result of the bungled $2.5 billion home insulation program.
THE hugely successful Direct Factory Outlets property portfolio looks likely to be heading overseas, with British Based Pradera Asset Management reportedly the frontrunner to buy the assets.
RAWLINSONS – the construction industry’s cost handbook – is going a long way into highlighting waste in the ALP government’s $16.2 billion Building the Education Revolution program.
EDWARD Chancellor, the man who predicted the global credit led economic downturn in 2007, has referred to Australia as being amidst an “unsustainable housing bubble” with values potentially more than 50 per cent above their fair market value.
A SURVEY by commercial real estate agency PRDnationwide (owned by Colliers International) has found Sydney is the “most overpriced property market” in the country, followed by Brisbane.
THE Federal Government’s contentious plan to build record amounts of commission flats and social housing around your streets, and without proper community consultation – seems to finally have caught the attention of the wider community.
THE Federal Government has scrapped its blotched $2.45 billion insulation scheme, designed to save jobs – but instead, now looking to cost them.
ALMOST 12,000 Australians who took advantage of the ALP Government’s First Home Owner’s Grant are struggling to meet their mortgage repayments.
The Real Estate Institute of Australia (REIA) has urged the Government to review the amount of the First Home Buyers Grant (FHOG) in its Pre-Budget Submission, so that it maintains its relativity to when it was introduced in 2000.
Today the Reserve Bank governer Glenn Stevens made a surprising announcement that the official cash rate was to remain on hold at 3.75%
COUNCILS are being forced to spend hundreds of thousands of dollars protecting historic cemeteries from vandals.
THE Reserve Bank of Australia has given mortgage holders an early Christmas present, by increasing interest rates just 0.25 per cent this week.
THE director of Australia’s largest, independent, residential land developer – Nigel Satterley – has been appointed by the Property Councl of Australia to head the divisions Residential Development Council.
IT was designed to replace an eyesore – but Melbourne’s high profile Federation Square site, across from the Flinders Street station, has been dubbed one of the 10 ugliest buildings in the world, according to a Virtual Tourist report.
AUSTRALIANS will pay higher borrowing rates than they need to, and any economic recovery may be slower than it could be, as a result of Rudd government’s recent $A315 billion spending spree.
The Federal Government yesterday released this statement, related to the development of more national public and community housing:
AT its September 2009 meeting, the Reserve Bank of Australia has left the official cash rate unchanged at 3 per cent, for the sixth month in a row.
NURSERY furniture and baby products retailer Babyco has gone into voluntary administration, casting doubt over its 22 national stores, which employs about 70 staff.
DARWIN has been Australia’s best performing capital city this year, in regard to home value growth, according to the latest survey by research group RP Data.