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  • July 24, 2014
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  1. Property - International - AUSTRALIA

    Foreigners push up Australian home prices

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

    ... 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 ... to March, a 93 per cent jump from the same period a year earlier, UBS said. Overseas investment in housing in Australia was now 13 per cent of total turnover, compared with a trend of 8 per cent, ...

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

    Australian parliament repeals carbon tax, emissions trading scheme

    Posted Jul 17th 2014, 11:18am by Reuters in Sydney

    ... and the fact that Abbott has retained the A$10 billion Clean Energy Finance Corporation, another of Palmer’s demands. The government-backed loan agency invests in wind, solar, and bioenergy projects ...

    http://www.scmp.com/news/asia/article/1555539/australian-parliament-repeals-carbon-tax-emissions-trading-scheme
  3. 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
  4. News - World - AUSTRALIA

    Zeng Wei angers Sydney by knocking down 106-year-old harbour mansion

    Posted Jun 18th 2014, 11:25pm by WASHPOST

    ... recently expanded a programme to grant permanent residence to foreigners prepared to invest at least A$5 million in Australian businesses. To date, 90 per cent of the applicants have been Chinese. ...

    http://www.scmp.com/news/world/article/1535689/zeng-wei-angers-sydney-knocking-down-106-year-old-harbour-mansion
  5. Property - International - AUSTRALIA

    Australia's housing investment 'won't fill' GDP gap from mining slowdown

    Posted May 01st 2013, 12:00am by BLOOM

    ... Bank points to lack of first-house buyer activity and declining residential sales in Australia Australian housing investment is unlikely to fill the void left in the nation's economic ... to February 28, government data show. "To bank on dwelling investment making a large contribution to GDP is therefore to bet against a clearly defined trend," Jarman said. Building approvals ...

    http://www.scmp.com/property/international/article/1226903/australias-housing-investment-wont-fill-gdp-gap-mining
  6. Property - International - AUSTRALIA

    Office market in Perth, Brisbane to slump, bank says

    Posted May 29th 2013, 12:00am by BLOOM

    ... Corporate cost-cutting and slowing mining investment will impact demand, bank says Office vacancies will more than double and rents will slump in Perth and Brisbane as mining investment ... by next year, the bank forecasts. Falling commodity prices and rising costs have led to major resource producers deferring or cancelling projects. The Australian government forecasts slower growth ...

    http://www.scmp.com/property/international/article/1248270/office-market-perth-brisbane-slump-bank-says
  7. Property - International - AUSTRALIA

    Bitcoin meets bricks and mortar

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

    ... property, according to the Foreign Investment Review Board. "We're trying to be proactive and innovative, and we do have an influx of international investors and expatriates," Johnston said. "It's cheaper and easier because it takes out the middleman, takes out the fees and charges" associated with more traditional forms of payment like bank transfers, she ...

    http://www.scmp.com/property/international/article/1462527/bitcoin-meets-bricks-and-mortar
  8. 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
  9. 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
  10. Property - International - AUSTRALIA

    Chinese overtake US buyers as biggest investors in Australian property

    Posted Mar 05th 2014, 05:16am by Bloomberg

    ... strengthening housing market, as their government tightens rules on buying at home. Chinese investment in Australian residential and commercial real estate surged 42 per cent to A$5.9 billion (HK$41 billion), compared with an 85 per cent slump to A$4.4 billion in purchases by US buyers, according to an annual investment update from the Foreign Investment Review Board (FIRB) on its website. Home ...

    http://www.scmp.com/property/international/article/1440312/chinese-overtake-us-buyers-biggest-investors-australian

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