Australia’s Population Boom Continues, We’re Now at 22.5 Million

AUSTRALIAN Bureau of Statistics show the nation’s population surged 1.4 per cent last year to 22.5 million.

Victoria led the population surge recruiting 75,000 new residents in the way of immigration, more babies and a net increase from other states. The state now has 5.6 million people.

Mining states Western Australia (which gained 67,400 residents) and Queensland (66,500) were the next fastest growing states.

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Price of Quoin Island, Queensland, Dropped to $1.5 Million

LIQUIDATORS of Queensland’s Quoin Island have dropped the sale price to $1.5 million, after attempts to sell the property for $2.7 million last year, fell through. PKF Chartered Accountants and Business Advisers said the price drop was in recognition that the market for top-end property in Queensland has deteriorated in the last 12 months. “I

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Village Fair SC, Queensland, Sells For $17.5 Million on 8.9 Per Cent Yield

QUEENSLAND’s Village Fair Shopping Centre, in Regents Park, sold today for $17.5 million.

The centre sold on a yield of 8.9 per cent, based on the annual rental of $1.55 million.

Village Fair includes a Supa IGA supermarket and 26 specialty stores.

A statement released by the selling gent this week is copied below:

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Cromwell Offers Stake in Brisbane Property

Property trust and funds manager Cromwell Group (ASX: CMW) has launched a PDS to raise up to $91 million in its new unlisted Cromwell Riverpark Trust.  The Trust has entered into conditional agreements with FKP Property Group to acquire the site at 33 Breakfast Creek Road Newstead, Brisbane on which construction of a 30,904 sqm, A-Grade commercial office and retail building has commenced.

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