International
newsAustralia moves up to fourth most overvalued housing market but bubble risk subsides: The Economist
Australian house price gains of 2.6% over the past 12 months are modest by comparison to Hong Kong (24.5%) Brazil (12.8%), South Africa (11.1%) and India (10.7%).
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leisureQuest lists Sydney Olympic Park serviced apartments as appetite for Australian hotels rises
The group is looking to free up cash to fund the development of more than a dozen new serviced apartment projects and tap into growing investor demand for Australian hotels.
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foreign investmentProperty Council warns against further tinkering with offshore investment rules
Last year, the government doubled the withholding tax rate on distributions to offshore investors from 7.5% to 15%.
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china watchLJ Hooker looks to sell more property to Chinese buyers with three-year marketing deal with international property listings portal Juwai.com
Juwai co-CEOs will attend LJ Hooker’s annual conference in Queensland this week to explain how LJ Hooker franchisees can attract as many Chinese buyers as possible to their listings.
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leisureRupert Murdoch buys a drop of tinseltown movie pedigree with Bel Air vineyard, Moraga acquisition
Rupert Murdoch is currently in escrow to buy the Moraga Vineyards Estate at Bel Air.
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leisureSir Richard Branson seeks the $850 a night democratisation of his Noosa getaway, Makepeace Island
Under the plan - subject to Sunshine Coast council approval - guests will pay around $850 per person per night with a minimum three-night stay.
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economyRBA paints mixed picture of local and global conditions, but with house prices and mortgage lending trending up
The RBA chart pack provides an indication of the range of different factors the monetary policy committee had to take into account when deciding to cut the cash rate to a historical low of 2.75%.
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internationalThinking of buying in Harlem? Dixon Advisory provides Australian investors with tourist-style walking tour guide
The walking tour guides,complete with neighbourhood histories, landmarks and details of fund investments, are handy for Australian investors considering the US market.
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retailWith specialty sales at $15,660 per square metre, Westfield Sydney and its luxury brand tenants set global performance benchmark
Westfield Sydney achieved annual specialty sales of $15,660 per square metre, the highest in the group’s global portfolio of 104 shopping centres.
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china watchNone issued yet, but significant visa applications dominated by Chinese investors eyeing NSW and Victoria
Most visa applicants, nearly all of whom are Chinese, are targeting investments in NSW, Victoria and to a lesser extent, Queensland.
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