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Australia is a growing economy with an active real estate market. If you are qualified and meet the immigration requirements you can work and live in Australia and even become an Australian citizen.
Most Australians live in coastal cities which provide modern facilities. Others live in the "outback" which is a quieter lifestyle where everyone knows one's neighbour.
As our population grows in most capital cities there is the obvious need for the constant creation of new dwellings. Until now we have largely favoured urban sprawl over re-zoning inner urban areas to higher densities. Affordabilty is no longer a matter of releasing more land when the demand for new house and land packages is so weak.
The argument that today's outskirts will be tomorrow's city fringe is starting to wear a bit thin and our major cities are faced with a choice. Without Super-fast public transport, strong employment growth and flourishing local communities on our outskirts can we really expect vast amounts of young people to want to live 50km's out of Sydney for example?
The States small businesses in the rental, hiring and real estate sectors are next in the spotlight for the NSW Governments red tape taskforce.
The review will cover real estate agents, conveyancers, valuers, plant and equipment hirers, recreational equipment hirers, and car rental operators.
The NSW Government needs to know if red tape is holding back this sector, and what can be done to help these businesses work more efficiently to invest and grow, Premier Morris Iemma said.
Regional Queensland centres continued to do well with the five major cities outside the southeast recording either modest or strong house price growth. However Brisbane's median house price declined 3 per cent over the quarter the most dramatic fall in prices since the last housing downturn in 1994-95. Despite this, Brisbane managed 6.9 per cent house price growth over the year.
The Perth housing boom is now sending major ripples into the regional real estate market with the latest sales figures from the Professionals Real Estate Group showing a significant jump in the average selling price of homes in a number of major regional centres.
According to the Professionals Real Estate Group, sales figures by the Professional offices in regional Western Australia for the first eight months of the current financial year show that the average selling price of a home in some regional centres jumped by more than $10,000 compared to the same period for the previous year.
Pam Corkhill, Vice President of the Real Estate Institute of Tasmania, believes that the 25 per cent rise in the price of real estate over the last 12 months is "fantastic news". Talking with Ric Paterson, Pam Corkhill said the rise was "across the board, across the state".
Although Hobart has recently experienced record prices for real estate Pam Corkhill believes that housing is still very affordable for all types of people. "We need an extra couple of suburbs," said Pam.
Responding to Pam Corkhill's call for new suburbs Lord Mayor Alderman, Rob Valentine called in to suggest that "the answer is to market what we've got".
A consumer advocate is questioning predictions that Darwin's real estate market will continue to boom for the next five years.
The Real Estate Institute of Australia (REIA) says the city's property prices grew 31 per cent last year.
Neil Jenman has completed a study of the Darwin property market and says there is no way that growth is sustainable for the next five years. "In every boom the people who are selling it will say that this boom is different, that it will continue to keep going on, particularly when you're at the top of the boom, when you're at the top of the boom and you say that they're are people everywhere and signs up all over Darwin, that is a huge clue that things are getting too hot."
Laws designed to stamp out misquoted auction prices may be overhauled after the Victorian State Government last night revealed it had ordered a review.
The move comes after The Age revealed that underquoting is rampant across the city.
No agent has been prosecuted under those laws, which require estimates to be based on what "a willing but not anxious buyer" would pay, and forbid agents from advertising properties for less than their own estimates.
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Funding has been advanced for the acquisition of land and the development of apartments located at Kawana Island.
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by Peter Mericka B.A., LL.B Real Estate Lawyer Qualified Practising Conveyancer Victoria Director Lawyers Real Estate Pty Ltd Eight long years ago an over-zealous clerk at Consumer Affairs Victoria told me that I must either shut down Lawyers Real Estate...(read more)
OPINION by Tim O'Dwyer M.A., LL.B Solicitor Consumer Advocate watchdog@argonautlegal.com.au If a good Samaritan wants to buy you a property, watch out for any equitable strings attached ! After Charles Irvine and Soozie Cooper met through an internet...(read more)
OPINION by Tim O'Dwyer M.A., LL.B Solicitor Consumer Advocate watchdog@argonautlegal.com.au Several months after contracting to buy six beach resort units, as well as the resortâs management and letting rights, Fred Sutton had second thoughts about his...(read more)
by Peter Mericka B.A., LL.B Real Estate Lawyer Qualified Practising Conveyancer Victoria Director Lawyers Real Estate Pty Ltd After experiencing first hand the legal knowledge and reasoning of Mr. Robert Guthrie, Acting Manager, Licensing for the New...(read more)
by Peter Mericka B.A., LL.B Real Estate Lawyer Qualified Practising Conveyancer Victoria Director Lawyers Real Estate Pty Ltd We have been overwhelmed with emails, texts and telephone calls from well-wishers. There were plenty of consumers interested...(read more)
Lawyers Real Estate is a law firm that sells real estate for its clients without involving any real estate agents. To make the selling and buying of real estate quick, simple and transparent, the SLOD! real estate bidding facility has been established....(read more)
OPINION by Tim O'Dwyer M.A., LL.B Solicitor Consumer Advocate watchdog@argonautlegal.com.au Agents might heed the Appeal Panelâs general warning to be âespecially carefulâ that buyers are informed of material matters not discoverable through âundertaking...(read more)
OPINION by Tim O'Dwyer M.A., LL.B Solicitor Consumer Advocate watchdog@argonautlegal.com.au What if sellers donât âfess up if thereâs no record of council inspections? They can sell regardless! What if a sellerâs carport, garage or deck was built illegally?...(read more)
OPINION by Peter Mericka B.A., LL.B Real Estate Lawyer Qualified Practising Conveyancer Victoria Director Lawyers Real Estate Pty Ltd In his regular propaganda column in the Domain section of The Age newspaper, the CEO of the Real Estate Institute of...(read more)
No, SLOD! is not a typographical error, it's the name of the website Lawyers Real Estate uses to sell properties for its clients. Lawyers Real Estate is a law firm that sells real estate for its clients for a single fixed-fee, without involving real estate...(read more)
To see the text better left click on domain's green background, then curser down the text.
AUSTRALIAN REAL ESTATE PORTAL NEWS
Updated:
Asians Buying Up
Asian buyers are affecting Australian real estate as they buy up property businesses in shopping malls, thus pushing up rents.
Author: Bridget Carter::The Australian
Real Estate agent informs on scam
A "whistle blower" on the Gold Coast has taken out a restraining order against the Real estate proprietor he accused. Sarah Elks::The Australian
RBA Holds the Interest Rate
Problems in Europe have pressured the Reserve Bank of Australia to keep the cash rate unchanged. Eoin Blackwell: Sunshine Coast Daily
The Future of Australian Real Estate
The property market has been strong over the past year. This is better than other OECD countries. Marquette Turner
Ray White Hits a Record
Ray White, Australia's largest real estate business has increased sales by 8 per cent for the month of May.
Ray Whte
Single income families find it difficult
In Sydney prices have soared which makes it hard for families on a single income to source a deposit. Vikki Campion: The Daily Telegraph
More Chinese lease office space
Because more Chinese are applying to come to Australia the Chinese Embassy has leased more office space to cope.
Marc Pallisco: Real Estate Source