Property News
Read the latest news covering the property market and property investment, house prices, interest rates and much more.
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newsHeritage Perth office refurbishment attracts new tenants
A new entrance was constructed to front William Street and the building was given the new address of 88 William Street.
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leisureAustralian hotels and resorts to benefit from increased tourist numbers
Middle-class wealth in Asia is set to drive the recovery of the Australian hotels and resorts sector.
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overseasGehry's Opus secures second record Hong Kong apartment price in three months
The HK$68,083 per square foot price is almost 6% higher than that paid for a flat on the 8th floor at Opus Hong Kong in August.
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renovatingGrand Designs takes on Balinese Byron Bay flavour
On this week’s episode of Grand Designs, a couple with a property developer background is building a luxurious beach house in Bryon Bay.
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developmentsMatching the median, The Castlereagh Sydney half-sold after two weeks
The median sale price for a Sydney CBD unit is $530,000, with one-bedders in The Castlereagh starting at $560,000.
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landMedian price of Melbourne land falls to $195,750 once rebates excluded: Oliver Hume
It is the second consecutive quarter that the median land price has fallen below $200,000.
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designSalter House, Walter Burley Griffin's knitlock-designed Toorak home, listed
The home displays Walter Burley Griffin’s architectural simplicity while incorporating his “knitlock” brick method of construction.
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residentialSydney houses under $1 million and units at bottom of cycle, but prestige market still favours buyers: WBP
Greville Pabst does not expect to see an improvement in Sydney house prices in the short term with the prestige market still favouring buyers.
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retailSydney’s Pitt Street mall drops to fifth most valuable retail strip: Cushman & Wakefield
Rent on Pitt Street mall are around $10,000 per square metre, more than double the $5,000 per square metre on nearby George Street.
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officeWeak local economy to push suburban Melbourne office vacancy rate to 10.6% by December 2013: BIS Shrapnel
BIS Shrapnel is forecasting a metropolitan-wide negative net absorption rate of around 130,000 square metres over 2012/13.
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