Relief in Adelaide’s rental market
REISA President Mark Sanderson said that winter had brought some much-needed relief to struggling tenants with the vacancy rate at 1.4% for the month of July.
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Ray White Invest & Blair Group Buy Currambine Marketplace, Perth, For More Than $50 Million
Specialist direct property funds management group Ray White Invest and private retail developer Blair Group today announced the joint acquisition of the Currambine Marketplace in Perth from Woolworths Ltd for in excess of $50m with proposed expansion plans to significantly increase the value of the property.
Read moreUnchanged interest rates ‘relief’ for homebuyers
Today’s announcement by the Reserve Bank of Australia to leave interest rates unchanged is a relief after last month’s rise, the Real Estate Institute of South Australia (REISA) said.
Read moreNo room at the inn: rental vacancy rates slump around Christmas
Residential rental vacancy rates have averaged an all-time low of 1.9 per cent across Australia for the past two and a half years, according to data published today in the Mortgage Choice/Real Estate Institute of Australia (Canberra), Market Facts report, September quarter edition.
Read moreRental market offers relief to tenants
Adelaide’s residential vacancy rate has stabilised at a healthy 1.5% for the month of August, according to the Real Estate Institute of South Australia.
Read more2007 a turbulent year for renters and buyers
The Real Estate Institute of Australia, based in Canberra, released its annual summary of the residential and commercial real estate market on 19 December 2007, providing a unique insight into what the market had done over the 2006-07 financial year.
Read moreReal estate sector welcomes steady interest rates
The Real Estate Institute of South Australia (REISA) has today welcomed the announcement to leave the official cash interest rate unchanged for the month of October.
Read moreMandurah still very affordable : REIWA debunks ‘clumsy’ survey
The Real Estate Institute of Western Australia has questioned the methodology and sales figure used in a recent international survey which claims Mandurah to be the most unaffordable city in Australia.
Read moreCountry house prices ease
House prices in regional South Australia have eased in the September quarter but are still showing strong long-term growth, the Real Estate Institute of South Australia (REISA) says.
Read morePerth house prices rise in December quarter
Perth house prices increased by 1.1 per cent in the December quarter 2007.
This follows a 1.3 per cent rise in the September quarter. Together these quarterly increases have clawed back all of the fall in prices experienced in the June quarter.
Read moreSurging house prices in Adelaide
House prices in Adelaide have gone from strength to strength in 2007 with the median house price reaching $320,000 in the September quarter.
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Commercial property in hot demand
The Real Estate Institute of Western Australia this week released its inaugural Commercial Property Commentary on industrial sales and activity in the state.
The report shows that while the total value of reported sales over the last financial year reached $3.78 billion, the number of sales actually dropped by 16 per cent on the previous year.
Read moreInvestors flock to SA while vacancy rates remain low
Adelaide has maintained a low vacancy rate of 1.49% for the month of September, according to the Real Estate Institute of South Australia.
This is despite the fact that investors have flocked to the South Australian rental market recently, with the number of rented properties rising by 5.9% over the past 12 months.
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Interest rate rise unwelcome and unnecessary
The Real Estate Institute of Western Australia does not support the recent interest rate rise by the Reserve Bank, believing it will adversely impact on first home buyers.
Read moreREISA announces new President
The Real Estate Institute of South Australia held its Annual General Meeting yesterday evening, at which Mr Robin Turner was elected as the President for 2007/08.
Read moreInterest rate rises to 6.75%
First home buyers and mortgage-stressed families will be the first to feel the full force of today’s interest rate rise, the Real Estate Institute of SA (REISA) said.
Read moreProperty boom should prompt tax reform
Reports out this week that property taxes have already smashed Treasury’s May budget forecasts, come as no surprise to the Real Estate Institute of Western Australia.
Treasury forecasts predict that property-related tax collections will rake in a staggering $2.04 billion from the 2005-06 financial year. This is up from $1.8 billion on previous estimates.
Read moreAdelaide market flourishes this spring
Confidence is booming in Adelaide’s real estate market as prices, rental demand and investment returns continue to flourish, according to the Real Estate Institute of South Australia (REISA).
Read moreREIWA Awards for Excellence
This year REIWA held its annual Awards for Excellence presentations at the gala dinner for the Insight Conference.
President of the Real Estate Institute of Australia, Mr Graham Joyce, presented the awards which give official recognition to the property industry’s top performers.
There are 14 overall categories, but the judges are not obliged to choose a winner in each category if they feel the relevant criteria has not been fully met by nominees.
Read morePerth house prices climbing again
Perth’s resilient property market has bounced back from its modest slump in June, showing 2.4 per cent growth in price for the September quarter.
Data released today by the Real Estate Institute of Western Australia, is expected to show the current median price of $450,000 for the June quarter climbed to around $460,000, up by about $10,000 and marginally below the $465,000 median reached in the March quarter.
Read moreProperty Council calls on local government to deliver green building incentives
The Property Council is today calling on local government across South Australia to support a
five point action plan that will green the built environment and reduce greenhouse gas
emissions.
Property Council Executive Director, Nathan Paine said, “A recently released report by the
Australian Sustainability Environment Council (ASBEC) shows that 23 per cent of Australia’s
total greenhouse gas emissions can be attributed to the built environment and its users.
Court to Decide Whether $1000 Home Sale Was Permissable
THE SUPREME Court will decide whether a Victorian sheriff acted unconscionably when he sold a $630,000 Braybrook house for $1000 at a no-reserve auction.
In an extraordinary deal conducted at the Carlton sherrif’s office in December 2010, retailer Zhiping Zhou had his imposing near-new, six-bedroom home (pictured, right) sold to settle a $93,000 debt – reportedly accrued by another man Zhou had gone guarantor for, who is now based in China.
The court had directed the sheriff sell home be sold at a no-reserve auction after it failed to sell some years ago, Channel Seven reports.
Read moreDrapac Believed to Have Bought Queensland Farm For Agriculture Fund
MELBOURNE-based developer Drapac is understood to be in negotiations to buy a large Queensland farm.
Read moreSt Hilliers Contracted Appointed to Build Kyko Group’s $150 Million Mon Komo Project, Queensland
St Hilliers Contracting has been appointed to construct one of southeast Queensland’s $150 million mixed-use Mon Komo project, on the Redcliffe Peninsula.
Read moreSkateboard Champion Stephen Hill Sells Nobby Beach Mansion to Bruce Mathieson For $18 Million
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.
Read moreQRL Buys Wadham Park For $20 Million
MELBOURNE business identity Peter Rowsthorn has sold a horse racing property in Queensland for about $20 million.
Read moreNAPCO to Sell Roxborough Downs Cattle Farm For $10 Million
A 208,000 hectare cattle station in Queensland’s Channel Country is expected to make more than $10 million for vendor the North Australian Pastoral Company.
Read moreCromwell 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.
Read moreCBRE Appoints Bruce Baker as New Queensland Managing Director
CB Richard Ellis had recruited leading property professional Bruce Baker to take on the role as Senior Managing Director of the firm’s Queensland operations.
Read moreSydney Swans Ruckman Tony Smith Sells Hedges Avenue Home for Bargain $28 Million
Internet magnate Daniel Tzvetkoff has paid a "bargain price" of $28 million for a prestigious Gold Coast mansion, offloaded by former Sydney Swans ruckman and Breakfree founder Tony Smith.
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