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Bush plugs rescue plan
THE US President, George Bush, has repeated his call for the Congress to enact his Administration's plan to strengthen Fannie Mae and Freddie Mac, saying the biggest providers of financing for American home loans play a "central role" in the nation's housing finance system.
Sydney Morning Herald Business - Published 3 hours, 7 minutes ago
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GEO reaffirms distribution
GEO Property Group has reaffirmed its previous earnings guidance for FY08 of 8.1 cents per security, but that is forecast is before various one off items costs.
Propertyreview.com.au - Published 4 hours, 54 minutes ago
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Developer pays $1.38m for warehouse
A LOCAL developer has bought a warehouse property in Melbourne’s inner suburb of Brunswick for $1.38 million at auction.
Propertyreview.com.au - Published 4 hours, 54 minutes ago
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Auction clearances lingers under 50pc
SYDNEY and Melbourne’s residential property auction clearance rates continued to linger below 50% last Saturday as fewer buyers are willing to take a punt.
Propertyreview.com.au - Published 4 hours, 54 minutes ago
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Investors cast big net
The grass is always greener on the other side of the fence. Property market research consultants and real estate agents are now saying investors might find a better opportunity interstate. Many WA p
The West Australian - business - Published 1 day, 20 hours ago
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GEO tips loss, changed dividend
GEO Property Group expects to announce a loss in its end-of-year report and says its distributions are likely to change.
Gold Coast Bulletin business news - Published 2 days ago
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GPT acts to check out of its resorts
Beleaguered property group GPT is close to breaching its borrowing convenants and has a much higher level of debt once its off-balance sheet investments are included, analysts say.
The Age - Published 2 days, 3 hours ago
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Octaviar boss says accept deal or he'll liquidate
The chief executive of embattled property group Octaviar has thrown down the gauntlet to creditors owed more than $1 billion by threatening to place the crumbling empire in liquidation if they do not support a payout of 22.5 cents in the dollar.
The Age - Published 2 days, 3 hours ago
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Premier passes on invitation to housing forum
A former Property Council manager turned Labor MP will represent the state government at an upcoming forum to discuss plans to fast-track housing development on the Sunshine Coast.
The Sunshine Coast Daily property news - Published 2 days, 3 hours ago
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Jennings in $52m Melbourne project
RESIDENTIAL developer AVJennings has increased its presence in Melbourne's still booming northern growth corridor through a planned $52 million housing development with a private landowner.
The Australian Property News - Published 2 days, 3 hours ago
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A New Online Property Investment Resource.
4sale4investors.com.au is an online property investment resource, designed to empower the property investor. We have access to superior information on development projects at a very early stage of construction and can provide access to accurate, in-depth information on property developments Australia-wide.
ASX Newbie - Published 2 days, 11 hours ago
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CGU Safety and Risk Services’ occupational health and safety training for Mirvac
Mirvac, an Australian property management and development group, has selected CGU Safety and Risk Services as its approved provider of occupational health and safety training. Over the next 12 months, Mirvac's 1200+ people managers will complete CGU Safety and Risk Services competency based OH&S training and assessment aligned to nationally recognised competency, Monitor a Safe Workplace.
Ferret Product - Published 2 days, 11 hours ago
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Stamp Duty Madness
It has always struck me as madness that buyers pay the stamp duty. It creates enormous disincentives for people to enter, invest or upgrade in the property market. Currently, buyers with the most discretion - first homebuyers and property investors - are almost completely inactive and stamp duty has a lot to answer for. It is time to reform Australia's worst tax. The constant lament from the real estate and building industries is that buyer demand, which would normally drive the construction of dwellings, is weak. No wonder when we slug buyers on average about 50 per cent of their average annual wage in stamp duty. Our state governments know how unpopular these taxes are and that is why there is at least some relief for first homebuyers and investors. Whilst investors often borrow more to cover this tax, they will eventually claim it as a tax deduction when they sell. The more obvious benefit is the first homebuyer stamp duty concessions, but all this really just adds to the complexity of this dog's breakfast that are transaction costs around the purchase and sale of property. If only we levied the stamp duty onto sellers and not the buyers. After ...
Domain.com.au - Published 2 days, 11 hours ago
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Headline: Getting ready for the next boom
The Australian, Special advertising report. pg 3. Staff Reporter. 18 July 2008. ACTU President, Sharan Burrow, has made strong calls for Australian super funds to support and invest in the emerging private sector "shared equity'' market. "Residential property is the...
Left Field - Published 2 days, 16 hours ago
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Brunswick building brings out buyers
A warehouse property in Brunswick, Victoria offering multiple options to add value was sold at auction well in excess of the reserve by agents of Kliger Wood.
Australian Property Review - Published 2 days, 18 hours ago
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