Your age and time in the market will have a marked bearing on how you perceive mortgage interest rates. If you had a mortgage in 1990, during the “recession that Australia had to have”, you might tremble as you recall interest rates reaching 18 per cent, whereas newcomers might wonder what all the fuss is about…
The way Australian homes are built could be changed forever, with new research into a type of engineered timber showing it could cement its place as an environmentally friendly alternative to concrete. Australian cross-laminated timber, or CLT, can replace concrete in many situations, including being used as a foundation for a house. Studies have already been…
Labor leader-elect Anthony Albanese will this week become the official Opposition Leader after an uncontested leadership ballot. Key points: Anthony Albanese was the only person to nominate to become Labor leader The caucus will meet in Canberra later this week to elect a new deputy Mr Albanese will now select a frontbench to lead Labor…
The Sydney and Melbourne property markets are showing early signs of ending their steep slides, with a strong bounce in auction clearance rates on the first Saturday after the federal election. Preliminary figures from CoreLogic show that 69.9 per cent of homes that went under the hammer in Sydney found a buyer, while 62.9 per…
Just days following Labor’s shock election loss, some of Sydney’s leading real estate agents are already reporting an uptick in inquiry from investors relieved that proposed changes to negative gearing and capital gains tax are off the table. Tom Tuxworth, director of NSW metropolitan and regional sales at Savills, said that he had been talking…
Melbourne’s industrial land values surged faster than any other capital city in the past year matched by a strong uplift in rents, according to a new report by CBRE. Driven by competition for “attractive locations with strong accessibility”, the price of a 1.6-hectare Melbourne lot increased 22.8 per cent in the past 12 months (to…
The Victorian government says the worst of Melbourne’s property crash may be over, with the downturn showing signs of ‘bottoming out’. The comments by Victoria’s top economic bureaucrat come as a leading housing economist predicts a small bounce in the market, with the federal election over and interest rate cuts tipped. But the fall in…
The Victorian government says the worst of Melbourne’s property crash may be over, with the downturn showing signs of ‘bottoming out’. The comments by Victoria’s top economic bureaucrat come as a leading housing economist predicts a small bounce in the market, with the federal election over and interest rate cuts tipped. But the fall in…
According to local media reports in the United States, the world-famous Chinese architect, Pei Ming, died on May 16 at the age of 102. Pei’s most famous works include the glass pyramid of the Louvre in France. Pei Ming was born in Suzhou, China in 1917. At the age of 17, she went to the…
According to the latest polls, Deakin, the eastern district of Melbourne, which is currently owned by the party’s loyal supporter Michael Sukkar, may be captured by the Labor Party in this election. Today’s Melbourne newspaper Herald Sun reported that in the Deakin constituency, the Liberal Party’s core support rate fell sharply by 6 percentage points.…