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  • July 23, 2014
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  1. Property - International - AUSTRALIA

    Foreigners push up Australian home prices

    Posted Jul 02nd 2014, 04:49am by BLOOM

    ... in housing," which supported the bank's forecast of a 7 per cent increase in prices this year, they said. Rising home prices posed some medium-term risks to the nation's economy, ... of the Reserve Bank of Australia, said at a hearing held as part of the housing inquiry last week. Australia tightened rules on foreign investment in real estate in 2010, requiring offshore buyers ...

    http://www.scmp.com/property/international/article/1544377/foreigners-push-australian-home-prices
  2. Property - International - AUSTRALIA

    Australian homeowners paying off mortgages at breakneck pace

    Posted Apr 23rd 2014, 05:20am by Reuters

    ... as houses" has been an oxymoron since the global financial crisis. But it still has a resonance for Australians who use their homes as a piggy bank, salting away money by paying down their mortgages ... in their homes by paying down their mortgages at an accelerated pace. "It's a huge advantage for the market," says Michael Workman, a senior economist at Commonwealth Bank, who estimates ...

    http://www.scmp.com/property/international/article/1494491/australian-homeowners-paying-mortgages-breakneck-pace
  3. Property - International - AUSTRALIA

    Bitcoin meets bricks and mortar

    Posted Apr 02nd 2014, 05:47am by Bloomberg

    ... world Forsyth Real Estate, a Sydney-based property broker, will accept property deposits and payments from sellers in virtual currency bitcoin to lure business from Chinese homebuyers. ... had not yet taken deposits in the virtual currency, it expected to soon, Johnston said. The broker is Australia's first property agency to accept bitcoins, the most popular digital ...

    http://www.scmp.com/property/international/article/1462527/bitcoin-meets-bricks-and-mortar
  4. Property - International - AUSTRALIA

    Australia's central bank selling Sydney mansion

    Posted Feb 19th 2014, 05:10am by Bloomberg

    ... Bloomberg Central bank selling Sydney mansion The Reserve Bank of Australia is seeking to sell a 9,902 sq ft residential property in a harbourside suburb of Sydney amid the highest home prices the city has seen. The central bank has listed for sale the six-bedroom Eversley mansion near the northern end of the Sydney Harbour Bridge through broker Ray White Group, according ...

    http://www.scmp.com/property/international/article/1430433/australias-central-bank-selling-sydney-mansion
  5. News - Asia - AUSTRALIA

    Australian court rules ANZ Bank late fees too high

    Posted Feb 05th 2014, 02:39pm by AP

    ... Associated Press in Melbourne ANZ faces multimillion dollar payout to thousands of customers for exorbitant fees One of Australia’s largest banks faces a multimillion dollar payout to thousands of customers after a judge ruled on Wednesday that late payment fees it charged on credit cards were exorbitant. ANZ Banking Group partially lost a class action law suit in the Australian ...

    http://www.scmp.com/news/asia/article/1421402/australian-court-rules-anz-bank-late-fees-too-high
  6. Property - International - AUSTRALIA

    Australians lured to residential market by record-low interest rates

    Posted Oct 02nd 2013, 12:00am by Bloomberg

    ... Bloomberg Australian banks face higher risk as self-funded retirees and others push for piece of a boom Investors lured by record-low mortgage rates Dharmendra Singh has spent A$1.3 million (HK$9.4 million) since July on two houses 39 kilometres northwest of Sydney, drawing on an existing mortgage to pay a deposit on one and taking out two new loans. "Low interest rates ...

    http://www.scmp.com/property/international/article/1322224/australians-lured-residential-market-record-low-interest
  7. News - Asia - AUSTRALIA

    Snake vs crocodile! Huge python gobbles down reptile after hours-long battle

    Posted Mar 03rd 2014, 08:50pm by AFP

    ... pulled the crocodile on to the bank of the lake and released its prey, which by this stage was dead. "About 10 minutes later the crocodile was gone," he said, referring to the creature ...

    http://www.scmp.com/news/asia/article/1439470/snake-vs-crocodile-huge-python-gobbles-down-reptile-after-hours-long
  8. News - World - AUSTRALIA

    Australian police crack money-laundering ring that funded Hezbollah

    Posted Jan 24th 2014, 12:08am by AFP

    ... awaiting remittances from overseas, hijacking the transaction by depositing dirty money to the payee and then taking the cash wired from offshore. Fairfax said at least one of the exchange houses ...

    http://www.scmp.com/news/world/article/1411915/australian-police-crack-money-laundering-ring-funded-hezbollah
  9. News - Asia - AUSTRALIA

    Australian researchers find money doesn’t grow on trees but gold leaf does

    Posted Oct 23rd 2013, 04:01pm by AFP

    ... discover new deposits of the precious metal. Scientists from the Commonwealth Scientific and Industrial Research Organisation (CSIRO) made the find in the resource-rich Kalgoorlie region of Western ... making them more efficient and environmentally friendly. “This link between... vegetation growth and buried gold deposits could prove instrumental in developing new technologies for mineral ...

    http://www.scmp.com/news/asia/article/1337996/australian-researchers-find-money-doesnt-grow-trees-gold-leaf-does
  10. Property - International - AUSTRALIA

    Australian property prices rise more slowly in November; bubble fears ease

    Posted Dec 04th 2013, 05:33am by Reuters

    ... Bank of Australia recently said there was nothing to fear in higher prices, in part because it was necessary to encourage more home building. The central bank has been counting on a revival ...

    http://www.scmp.com/property/international/article/1371960/australian-property-prices-rise-more-slowly-november-bubble

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