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Foreign Property Investors Splurge $11 Billion

26 January 2016

theurbandeveloper.com 25th January 2016 US, Singaporean and Chinese investors dominated Australia’s off-shore commercial property investment market in 2015 with 87 per cent (China 30%,Singapore 29%, US 28%) of the more than $11 billion in foreign investment in Australia, according to Savills Australia research. Nearly 70 per cent – $7.6 bill [...]

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Posted in Daily News

Investors Look To Melbourne In 2016

26 January 2016

theurbandeveloper.com 19th January 2016 Local and offshore investors and owner-occupiers will hone in on the Melbourne CBD in 2016 as property becomes the investment class of choice for a growing number of groups and individuals. Colliers International Director of Melbourne City Sales, Daniel Wolman, said record low interest rates, a soft Austra [...]

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Posted in Daily News

Home prices to keep increasing globally led by New Zealand and Australia, says Fitch | The Edge Property Malaysia

20 January 2016

theedgeproperty.com.my David Reid January 19, 2016 Home prices in most countries looks set to keep rising this year, Fitch ratings agency said in a new report on Wednesday, as low mortgage rates and improving employment support growth. Those looking to buy down under will need to dig particularly deep. Fitch says Australia and New Zealand [&hell [...]

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Posted in Daily News

Knight Frank: Sydney set to see strongest growth in prime residential price | The Edge Property Malaysia

20 January 2016

theedgeproperty.com Rachel Chew January 14, 2016 KUALA LUMPUR (Jan 14): Sydney is expected to see the strongest prime property price growth in 2016, rising by 10% year-on-year, said global property consultancy Knight Frank in its newly released Prime Cities Forecast Report on 10 global cities. However, the pace of price growth in Sydney is expec [...]

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RBA happy with Australian dollar but further falls expected in 2016

18 January 2016

theage.com.au Mark Mulligan January 4, 2016 You can tell Reserve Bank of Australia governor Glenn Stevens is happy with how far the Australian dollar fell in 2015 by his silence. For years a serial user of the “jawbone” technique of talking down the Aussie, Mr Stevens has been conspicuously quiet on the domestic currency for [&hellip [...]

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Posted in Daily News

Melbourne median house rent hits new high

14 January 2016

domain.com.au Christina Zhou Jan 14, 2016 Families looking to rent a house are finding it tough, with the median rent in Melbourne hitting a record high and increased competition leading to a tightening vacancy rate. Some agents are reporting prospective tenants having to apply for up to six houses before being successful, particularly in the [& [...]

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