Victoria
residentialUneven housing market recovery to slow down from 5% rise in 2013 to 3.5% in 2014 with Perth and Sydney strongest: Westpac's Matthew Hassan
Matthew Hassan says the current positive momentum in the housing market is "well-entrenched" but consumer caution and a reluctance on the part of buyers to stretch themselves financially will remain a major ongoing restraint.
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commercialQuest appoints new CEO
Zed Sanjana, the general manager of the company since 2011, will be the new CEO.
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mortgagesWestpac ups the ante in mortgage wars with one-year fixed-rate cut to 4.79%
The new 4.79% rate is available for customers who take out a packaged home loan and borrow in excess of $150,000.
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weekend auction wrapMelbourne weekend clearance rate up from last year: REIV
Melbourne recorded a weekend auction clearance rate of 73% compared to 60% the same time last year, according to the Real Estate Institute of Victoria.
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residentialDespite boom and bust cycle, real estate industry maintains myth that prices always rise: Catherine Cashmore
The recovery we’re currently seeing is largely led by the investment sector – with an equal perception that values will maintain their upward trajectory.
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weekend auction wrapAPM's Melbourne auction results for May 18 weekend
Australian Property Monitors (APM) has released a list of results from 231 auctions in Melbourne for the weekend of May 18.
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industry newsJohn Gandel, Stan Perron and Sir John Pidgeon join 2012 inductee Westfield’s Frank Lowy in Property Council’s hall of fame
John Gandel, Stan Perron and Sir John Pidgeon join Frank Lowy, Dick Dusseldorp and Ray Powys in the Property Council of Australia hall of fame.
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economyWeakening Australian dollar set to see expats return to Australian property purchasing
When the dollar was high, Rismark joint managing director Ben Skilbeck noted the high Australian dollar had made local housing more expensive for expatriates, particularly at the luxury home end of the market.
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residentialGold Coast remains the epicentre as the number of homes selling at a loss drops across Australia: RP Data
The instances of homes selling at a loss has begun to ease, according to an RP Data capital markets report.
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retailInvestor snaps up Rogues Jeanery shop premises on St Kilda's Acland Street on 5% yield
Acland Street has the highest rents among Melbourne retail strips and also the lowest vacancy, at just 2.5% with just two stores out of 80 vacant.
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