• Wed
  • Sep 17, 2014
  • Updated: 9:45am
International Property

'Shadow' homes could burden US housing agencies, report says

Well over a million US homeowners are months behind on payments on government-backed mortgages, raising the risk federal housing agencies will face the cost of managing a fresh flood of foreclosed homes, two government watchdogs say.

Wednesday, 5 June, 2013, 4:40am

London luxury market takes a hit

Luxury homes in central London had the smallest annual increase last month since December 2009 on a decline in the Knightsbridge area, the site of Christian Candy's One Hyde Park complex, Knight Frank said.

5 Jun 2013 - 4:40am

Mortgage foreclosures surge in Northern Ireland

Belfast retail worker Chantal McCarthy never thought she would have to find a new home at the age of 57, but her husband lost his job as a builder three years ago and their finances have since spiralled downward.

5 Jun 2013 - 4:40am 1 comment

Auckland's market mystery

Reports of Chinese buyers snapping up large numbers of Auckland properties have been greatly exaggerated, according to a leading economist. Auckland is clearly the target for Chinese buyers. Recent sales data shows that 19 per cent of overseas buyers of property in the north island's largest city are from China, adding more fuel to an already hot market.

5 Jun 2013 - 5:04am

Property industry professionals in Malaysia see big pay rises

Malaysian real estate professionals reported a year-on-year salary rise of 33 per cent, according to the annual Asia Rewards & Attitudes Survey, a study by Royal Institution of Chartered Surveyors and Macdonald & Company that measures salary growth. Second in the rankings was mainland China, where real estate professionals saw their salaries grow 10.5 per cent.

29 May 2013 - 3:21am

Australian firm eyes Chinese investors for property trust

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.

29 May 2013 - 3:21am

Malaysia's biggest developer, UEM, taps buyers in land-starved Singapore

UEM Land Holdings, Malaysia's biggest developer by market value, will start selling 4 billion ringgit (HK$10 billion) of new residential and commercial projects this year, targeting Singaporean buyers.

29 May 2013 - 3:21am

Office market in Perth, Brisbane to slump, bank says

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

Housing is becoming less affordable in Vancouver and Toronto, bank says

The costs of owning a detached bungalow in Vancouver take up 82.3 per cent of a typical household's income, up 0.1 percentage points from the previous quarter.

29 May 2013 - 3:21am

US housing supply suffers with homeowners lacking equity to sell and buy elsewhere

Forty-four per cent of homeowners with mortgages owed more than their properties are worth or had less than 20 per cent equity in the first quarter, the Seattle-based real estate data company said in a report.

29 May 2013 - 3:21am