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Jaques @ Richmond
 

New fees are small change for FIRB buyers

28 February 2015

Propertobeserver.com.au Shane Oliver 26 Feb 2015 GUEST OBSERVATION If the media is to be believed, the reason the real estate market is so hot is due to foreigners, especially Chinese, turning up with blank cheques buying everything in sight. Apparently Australians are no longer able to get a foothold in the housing market because the […]

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Posted in Daily News, News

New law coming for foreigners buying secondhand properties

25 February 2015

Propertyobserver.com.au JONATHAN CHANCELLOR | 25 FEBRUARY 2015 Foreigners approved to buy established residential properties will have to pay extra when they purchase through the Foreign Investment Review Board (FIRB) under laws proposed by the federal government. A $5,000 fee will be payable on FIRB approved properties valued under $1 million, [...]

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Posted in Daily News, News

House and unit vacancy rates tighten in Melbourne

14 February 2015

Domain February 12, 2015 Christina Zhou Domain reporter Melbourne renters don’t have it as tough as other parts of the country, but it’s still a grind. New data from the Domain Group shows the city recorded a fall in vacancy rates over January, tightening to 2 per cent for houses and 3.4 per cent for […]

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Posted in Daily News, News

Melbourne’s new apartments get smaller, but price tags do not

11 February 2015

Domain 11 February 2015 New apartments in Melbourne are rapidly becoming smaller, while their price tags are not, a report by the Oliver Hume Real Estate Group shows. The average size of a one-bed apartment decreased from 47 to 44 square metres, while two-bedroom apartment sizes fell from 62 to 59 square metres in the […]

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Posted in Daily News, News

Melbourne’s “hyper-dense” skyscrapers would never be allowed in other global centres, a new report finds

09 February 2015

The Age 9 Feb 2015 Clay Lucas High-rise apartment towers in central Melbourne are being built at four times the maximum densities allowed in some of the world’s most crowded cities, including Hong Kong, New York and Tokyo, a scathing new report finds. And Melbourne’s hyper-dense skyscrapers are being built “with little regard t [...]

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Posted in Daily News, News

Rate cut to help housing, boost property prices

04 February 2015

The Age Simon Johanson 4 Feb 2015 The housing industry will be boosted by the Reserve Bank’s rate cut but economists warn there are significant risks of another investor-driven boom in home prices. The Reserve Bank has moved to support the economy, which is weighed down by slowing growth, low commodity prices and sluggish business [&hellip [...]

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Posted in Daily News, News

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