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
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
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
The Real Estate Institute of SA said they were disappointed that no taxation relief had been offered to homebuyers in this year’s State Budget, particularly for those hoping to buy their first property.Read more
Adelaide’s tightest rental market in decades is showing signs of easing after the month of May recorded a vacancy rate of 1.44%, according to the Real Estate Institute of SA (RESIA).Read more
The Real Estate Institute of SA (REISA) was pleased to host the national Institute today to talk about national real estate issues and the strength of the South Australian market.Read more
Homeowners have had a welcome start to the new financial year with interest rates remaining unchanged in July, the Real Estate Institute of South Australia (REISA) said today.Read more
RECEIVERS have been called in for the developers of a prominent apartment project on Perth’s western fringe.Read more
South Australia’s regional housing markets have continued their strong growth, according to the latest real estate statistics released today by the Real Estate Institute of SA (REISA).Read more
Perth still holds the title of the tightest CBD office market in the world, however Brisbane has slipped down the rankings from number 2 to number 6, according to Colliers International’s biannual Global Office Real Estate Review Midyear 2008.Read more
The Adelaide real estate market is red hot with no signs of abating, according to the latest June quarter housing figures released today by the Real Estate Institute of SA (REISA).Read more
Preliminary data by the Real Estate Institute of WA suggests Perth’s housing market was flat-lining in the December Quarter of 2007, with no movement either up or down for the last three months of last year.
However, REIWA President Rob Druitt said he expected the data to show a small overall increase once final settlements are processed.
Adelaide’s rental vacancy rate has stabilised at 1.34% for the month of June, according to the Real Estate Institute of SA’s monthly survey.Read more
Real estate agents and property mangers are urging prospective tenants to be patient as the annual rental crush resurfaces in Perth.
President of the Real Estate Institute of Western Australia, Rob Druitt, said seasonal factors and the low vacancy rate for accommodation was causing stress with many over worked agencies struggling to keep up with enquiries.Read more
Homeowners will be forced to tighten their belts in the wake of this month’s interest rate rise, the Real Estate Institute of South Australia (REISA) said today.Read more