In November last year the Reserve Bank of Australia (RBA) made the decision to increase interest rates. The shift to 4.75% ha now has a clear effect on the property market in Australia, with property prices falling dramatically. This is thought to have been a tactical move by the RBA in order to help steady [...]
Foreign investors accounted for 33% of all commercial property transactions in Australia for the first nine months of 2011, representing the highest percentage since 1994. A recent report also showed that these purchases totalled an impressive AUS$2.15 billion. Investment from overseas is expected to continue growing, with July to September already seeing 41% of transactions [...]
Brits moving to Australia are now favouring flats and apartments over detached rural homes, according to the country’s leading property magazine. The Australian Property Investor (API) said that the majority of Brits currently moving down under are looking for a city rather than a more relaxed country lifestyle. Many British buyers have an affinity with [...]
If you’re in the right job, now could be the ideal time to move to Oz, following an appeal by the country’s largest state for British workers to help fill a 150,000 labour force shortage. Resource rich Western Australia, with a population of just two million, has thriving agricultural, manufacturing, construction, mining and automotive industries [...]
The Australian city of Melbourne has been officially named as the world’s most liveable city, knocking Vancouver off the top spot for the first time in nearly ten years. Three other Australian cities made it into the top 10; with Sydney being ranked as sixth and Perth and Adelaide coming in joint eighth. World crises [...]
The overall number of detached homes being sold has dropped in two of Australia’s most populated States, new figures reveal. The overall average number of sales in the country faced a slump due to poor sales figures in New South Wales and Victoria, according to the Housing Industry Association’s latest report. Sales in NSA dropped [...]
58 new, affordable houses are to be built in the Pilbara region of Western Australia to help those workers who deliver critical services to the area. According to the Regional Development Minister, Brendon Grylls, it is important that non-government employees (NGOs) are able to afford housing, because they currently struggle. An estimated AUS$35 million of [...]
The total number of commercial properties sold in Australia in the second quarter of this year has been four times that of the first quarter. The first three months of the year saw the country devastated several times by natural disasters; one after the other, so the figures are not surprising. Research from CB Richard [...]
Rowley Shoals in Australia is possibly the best place to experience diving. Don’t look for it on a map though, as you will be there a while! The tear-drop shaped reefs are located 260km northwest from Broome. Rowley Shoals include Mermaid, Clerke and Imperieuse, all of which bear the same resemblance in shape. Within the [...]
The Gold Coast stretches for over 60 kilometres down the right hand side of Queensland and is world renowned for its sea sun surf and sandy beaches. As the second most popular place in the state of Queensland, the Gold Coast is home to Mermaid Beach and Surfers Paradise, along with a subtropical climate, [...]