Australia property

Australian firm eyes Chinese investors for property trust

Phillip Nyssen, director and founder of Property Joint Ventures

Property Joint Ventures, an Australian firm, hopes to exploit the growing interest in offshore property investments among wealthy mainland Chinese by offering them an opportunity to invest in its privately-run real estate trust.

Wednesday, 29 May, 2013, 3:21am

Office market in Perth, Brisbane to slump, bank says

Office rents in Brisbane could fall 6.4 per cent by next year as vacancies rise. Photo: SCMP

Vacancies in Perth's central business district will surge to 17.5 per cent in the next three years from 6.5 per cent now, and in Brisbane will soar by about 10 percentage points to 23 per cent, analysts led by Lou Pirenc wrote in a note this week.

29 May 2013 - 3:21am

Buyers swoop in on Sydney

Buying restrictions in Hong Kong and a weakened Australian dollar have prompted local investors to look at Sydney's property market. Photo: Getty Images/Ingram Publishing

Sdney might be joining New York, London and Hong Kong as world cities with the most expensive housing. That's the Aussie buzz following a white-hot, late-autumn auction period, where even "a dilapidated terrace with rotting carpets and holes in the ceiling" was auctioned for A$800,000 (HK$6.01 million).

29 May 2013 - 3:21am

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

Home prices in Australia are expected to grow less than 5 per cent this year. Photo: Bloomberg

Australian housing investment is unlikely to fill the void left in the nation's economic growth by a slowdown in the mining industry, says JPMorgan Chase.

1 May 2013 - 3:44am

Investors dominate the Australian housing market

Investors dominate the purchase of residential buildings in Sydney and across Australia. Photo: Bloomberg

The value of home-loan approvals for investors rose 4 per cent in December from a year ago in seasonally adjusted terms, while mortgages for owner-occupiers fell 1.8 per cent in the same period, government data show.

13 Mar 2013 - 5:06am

Australian home asking prices on the rise

Australian home asking prices on the rise

Asking prices rose 0.4 per cent for apartments and 1.5 per cent for houses in the 90 days to February 19 across the nation's eight major cities, the Sydney-based researcher said.

27 Feb 2013 - 5:04am

Building approvals in surprise decline

Fewer people are renovating their homes. Photo: Bloomberg

The number of permits granted to build or renovate houses and apartments fell 4.4 per cent from November, when they rose a revised 3.4 per cent, the Bureau of Statistics said in Sydney on Monday. Job advertisements dropped for an 11th month in January, capping the worst skid since the 2009 global recession.

6 Feb 2013 - 4:59am

New Zealand homes less affordable than in Australia

The median home price in New Zealand's major cities rose to 6.7 times gross annual median household income. Photo: Bloomberg

New Zealand homes became less affordable than Australia in 2012 as constrained land supply and government levies, combined with low borrowing costs, pushed prices higher, according to a survey.

23 Jan 2013 - 4:47am

Asia-Pacific's time to shine

A key factor in keeping Sydney's prices high is an under supply of property. Photo: Bloomberg

One person's challenge is another's opportunity, or so the saying goes. In the context of property investment, the euro zone's continuing woes seem to augur well for Asia-Pacific markets.

A global research report by real estate services firm DTZ suggests that from an investor's perspective "most Asia-Pacific markets remain attractive", considering the degree of uncertainty elsewhere.

23 Jan 2013 - 4:47am

Australia home prices may see rise by up to 10pc

The Reserve Bank of Australia has cut the cash rate by 1.75 percentage points since November 2011 to match a 50-year low. Photo: Reuters

Australia's flagging property market is poised to get a boost from record low interest rates and a housing shortage that could increase prices by as much as 10 per cent this year.

9 Jan 2013 - 3:26am

All eyes on tranquil islands

The attractions of South Molle are clear to anyone in the market for a private island.

Australia's Whitsundays are famously home to 74 islands, according to the tourism mantra. David Colfelt, author of the cruising guide 100 Magic Miles, says it's more like 150, if you count the picturesque islets and rocks.

9 Jan 2013 - 3:26am

Australian retail assets to remain in hot demand in 2013

Melbourne's central business district. Photo: AFP

Over the past two decades, the Australian retail market has traditionally outperformed other commercial property sectors, and 2012 has been a defining year, with the sector undergoing significant structural change.

20 Dec 2012 - 9:00am

Australia home-loan approvals gain in September after rate cuts

Housing loans for buyers and builders rose. Photo: Bloomberg

Australian home-loan approvals rose in September for a second month as buyers responded to the central bank's interest-rate cuts.

14 Nov 2012 - 3:22am

Property Digest, November 7, 2012

UK house prices fall for fourth straight month

7 Nov 2012 - 4:15am

Pacific Bondi Beach exceeds expectations

Last month’s headline making launch of the Pacific Bondi Beach residential project in Sydney has been credited as the city’s most successful apartment sale campaign since the global financial crisis. The simultaneous launch in Sydney and Hong Kong far exceeded all expectations, with 74 of the 76 apartments in the first stage sold within just a few hours.

19 Oct 2012 - 1:52pm