Developer Stephen Roche has been left with a swag of property in the village of Penguin, Tasmania, after failing to sell a package of development sites – effectively the whole central business district of the picturesque but sleepy town.Read more
When will the options for an inner city apartment end?
With Melbourne’s recent trend of building up, rather than out – another inner city apartment tower has started construction, this time in St Kilda Road.Read more
Lend Lease Corporation Limited (“Lend Lease”) today announced that its subsidiary, Bovis Lend Lease Limited (“Bovis Lend Lease”), has been appointed Managing Contractor by the Department of Finance and Deregulation for the design and construction of a new central office building for the Australian Security Intelligence Organisation.Read more
Canberra mansion Cranleigh has regained the title as the territory’s most expensive property, after selling for almost $4.6 million to an as-yet-undisclosed party.Read more
THE North Epping property dubbed by locals as the “House of Horrors” has hit the market for sale with price expectations of about $700,000.
The property (pictured, right), set well back from the street on a battleaxe shaped block, was the scene of a murder in July 2009, where five members of the Lin family were allegedly beaten to death in bedrooms by a family member known to them.
The victims included local newsagent Min “Norman”, 45, his wife Yun Li “Lillie”, 43 their two sons, aged 12 and 9, and Mrs Lin’s sister Irene, 39. The Lin’s daughter, 15 at the time, was not sleeping at home on the night the murders occurred.Read more
MADONNA has reportedly spent between $US33 and $US40 million for a home in New York’s ritzy Upper East Side.Read more
THE WIDOW of television producer Aaron Spelling is selling her Californian mansion, in a deal expected to be worth $US150 million – and set a new record price for the country.Read more
Lend Lease Corporation Limited (”Lend Lease”) today announced that its UK public private partnerships (“PPP”) business, Catalyst Lend Lease, has been selected as preferred partner to deliver the £1.2 billion (A$2.7 billion) Building Schools for the Future (“BSF”) project for the City of Birmingham, Europe’s largest metropolitan council.Read more
Kingsford, the South Australian farm used in Channel Nine’s McLeod’s Daughters, has sold to a local for $1.5 million. The network put the property on the market after announcing it had axed the Australian drama after seven years.Read more
Stockland today announced the $87.5 million sale of its Stockland Parabanks shopping centre, as it looks at re-investment opportunities in key strategic growth areas.Read more
Diversified property group Devine Limited (ASX: DVN) has today announced the strategic acquisition of a prime 30 hectare land parcel in Meadows, 40 minutes
drive south of the Adelaide CBD.
The rental market has tightened in Adelaide with the residential vacancy rate dropping below 1% in the month of December, according to the Real Estate Institute of SA (REISA).Read more
Real estate in Adelaide has soared to new heights with the median house price for the December quarter reaching $350,000, the Real Estate Institute of SA (REISA) said.
REISA President Robin Turner said this was a jump of 7.7% in just three months and 18.6% over the past year.
Regional South Australia is proving a lucrative investment with house prices soaring in many areas over the December quarter, according to the Real Estate Institute of SA (REISA).
REISA President Robin Turner said the median house price for SA had broken through the $300,000 mark for the first time in December and prices in regional areas had played a big part.
As the rental market prepares for its busiest period of the year, Adelaide’s vacancy rate eased slightly to 1.63% for the month of November, according to the Real Estate Institute of SA (REISA).Read more
Jingle bells are ringing for South Australian homeowners after the Reserve Bank of Australia decided not to raise interest rates at its December meeting, the Real Estate Institute of SA (REISA) said.Read more
DB RREEF, on behalf of its direct property mandate with AXA Wholesale Australia Property Fund (WAPF), today announced it had entered into the South Australian retail market with the acquisition of a property in Modbury for $18.5 million.Read more
The rental market in Adelaide has tightened again with the vacancy rate dropping to 1.06% for the month of October, according to the Real Estate Institute of SA (REISA).
This is down from 1.49% during the month of September and reflects what agents have been seeing in the marketplace.Read more
Adelaide’s tight rental market is continuing through to the colder months with April recording a low residential vacancy rate of 1.01%.Read more
Homeowners have survived the first half of 2007 without an interest rate rise after the Reserve Bank of Australia left rates unchanged at its June meeting.Read more