The Australian dollar’s strong foreign exchange rate is not putting off overseas property investors.According to David Rees, head of research and consulting at JLL Australasian, the country has one of the most “transparent real estate markets in the world and good financial regulation”.These factors are attracting foreign investments, along with Australia‘s proximity and investment in [...]

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Australia is suffering from a housing affordability crisis because of rising interest rates and uncertainty surrounding the Gillard government’s planned carbon tax, the opposition says.Australian Bureau of Statistics data released today showed the number of new homes approved in April fell by 1.3 per cent from the previous month, and now stand 11.5 per cent [...]

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NO ONE knows how much of Australia’s farmland is owned by foreigners. This is despite real estate agents reporting this week that international inquiries for rural land are at their highest in a decade.The Australian Foreign Investment Review Board and the Federal Government both said they did not track the amount of land purchased by [...]

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  National Australia Bank Ltd. (NAB), the nation’s fourth-largest lender, bought a 35 percent stake in William Mack’s Area Property Partners as the U.S. firm seeks funding to expand its global real estate investments. Mack, chairman of New York-based Area, and Lee Neibart, chief executive officer, will remain in charge of all investment decisions, the [...]

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Australia’s largest independently-owned mortgage broker, Mortgage Choice, is pleased to find positive housing finance data has just been released for November 2010. It is the third month to show an increase in the total value of dwelling commitments*. Today’s ABS Housing Finance report 5609.0 found commitments rose over the first month of summer for all [...]

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AUSTRALIA’S commercial property market is further down the road to recovery than the US. According to a report from Deloitte, Australia and the Asia Pacific region are leading the global recovery in real estate investment, while in the US the first glimmers of light are only just showing.The 2011 Commercial Real Estate Outlook found that [...]

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Although not as hot as in previous years, Australia’s housing market in 2010 was ranked No. 1 in the world by Toronto-based Scotiabank, an international financial organization that dates back to 1671.Top housing markets in 2010 (based on home price increases)Of the 12 advanced nations tracked by Scotia Economics’ latest Global Real Estate Trends report, [...]

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The party is over in Australia. Many anti-dollar investors and Pollyannas living down under just don’t realize it yet. Nonetheless, Australia faces an economic crunch as family finances collapse under the burden of record debts, rising interest rates and utility bills.Please consider Australians sinking under debt burdenWith banks warning they will be forced to raise [...]

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The Australian property market is being swamped with enquiries from overseas buyers including many purchasers from the UK, according to the Real Estate Buyers Association of Australia. According to data compiled by the Real Estate Buyers Association of Australia, foreigners purchased £14.5 billion worth of properties in Australia during the peak of the global financial [...]

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Prices for property in Western Australia have dipped by 30 percent based on information released by the Real Estate Institute of WA.Now is the best time to buy property in the area. In Perth alone, there is a 40 percent oversupply of property, forcing sellers to either agree to a lower price or wait when [...]

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