Posted: August 5th, 2014 | Author: Michael Courtenay | Filed under: Australian Home Prices, Real Estate News, Urban Planning | Tags: Australian Home Prices, Homes For Sale Melbourne, Melbourne Property, Real Estate News, Sydney Investment Property | Comments Off on Building Approval Fall Marks Peak Home Building Boom?
Official figures from the Australian Bureau of Statistics – ABS – on new home approvals have raised questions over whether the building boom is peaking. The ABS figures for June show 15,659 new dwellings were given local government go-ahead that month, down 5 per cent from the month before.
Despite the fall, which was more than twice what economists expected, dwelling approvals are still up by a massive 16 percent on the same time last year. The notoriously volatile apartment approvals figure, which is frequently skewed by large developments, fell 10.5 per cent in June, but still remains more than 23 per cent above last year’s level.
Detached house approvals fell a more modest 2.2 per cent at the start of winter, but are also up a more modest 13.1 per cent over the past year. The Housing Industry Association, which represents residential builders, says slow land release is likely to have capped the most recent construction boom.
Despite the downturn in new builds, home prices surged as the real estate market recovered from it’s autumn slump. Overall Australia’s home price boom shows little sign of slowing, with Sydney and Melbourne again driving price gains after a brief lull :: Read the full article »»»»
Posted: July 16th, 2013 | Author: Marcus Dangerfield | Filed under: CHINA, Urban Planning | Tags: Chengdu, CHINA, New Century Global Centre, Sichuan Province, Worlds Largest Building | Comments Off on World’s Biggest Building: China’s New Century Global Centre
Boasting its own artificial sun, a floor area three times the size of the Pentagon, the “world’s largest building” has opened in Chengdu – a metropolis in China’s Sichuan Province – to mixed reviews from its first visitors. The towering 100-metre high New Century Global Centre, which is said to be big enough to hold 20 Sydney Opera Houses, recently opened its doors in Chengdu.
The complex, which Chinese officials say is the world’s largest standalone structure, is 500 metres long by 400 metres wide, offering 1.7 million square metres of floor space, big enough to hold 20 Sydney Opera Houses.
But the first wave of visitors were divided over the attractions of the the structure, which houses 400,000 square metres of shopping space, offices, conference rooms, a university complex, two commercial centres, two five star hotels – including an Intercontinental Hotel – and an IMAX cinema :: Read the full article »»»»
Posted: May 21st, 2013 | Author: Michael Courtenay | Filed under: Favorite New Thought, STANDOUT, Wealth Creation | Tags: Altona-Point-Piper, Copper Beech Farm, Lauder Greenway Family, Real-Estate-News, Standout | Comments Off on New Home? ….Copper Beech Farm $US190 Million
Earlier this month Sydney’s house prices topped out at $AU50 million – Altona, a Point Piper harbour front mansion – In the US however, a house has just gone on the market with an asking price of $AU195 Million.
Copper Beech Farm – named for the Copper Beech trees, not a US misspell – is set on 20 hectares/50 acres of manicured (subdividable) lushness, it boasts 12 bedrooms – excluding separate staff quarters – 9 bathrooms, standout views across Long Island Sound, two islands, private beach, grassed tennis court, 25-metre swimming pool, a proper geenhouse, gatehouse and stone carriage house.
The style, a Neo-French Renaissance manor house, isn’t why the asking price is so high, nor is it’s history, Copper Beech Farm is a breezy 45 minute drive – as if you’d drive – to New York City. What’s that sound real-estate agents keep making? “Location, location, location.” Check the full rundown of Copper Beech Farm at it’s international agents website: christiesrealestate.com :: Read the full article »»»»
Posted: April 3rd, 2013 | Author: Verity Penfold | Filed under: Urban Planning | Tags: ABS, Australian Bureau of Statistics, Best Suburbs, Socio-Economic Index, Worst Suburbs | Comments Off on Latest Australian Census Data Maps Best Council Areas
New Australian census data has ranked how well-off each local council area is, showing Western Australia and New South Wales as the states with the most affluent suburbs.
The Socio-Economic Index generated by the 2011 census measures people’s income, type of employment, housing and broadband access in different locations across the country, Dr Gould from the Australian Bureau of Statistics – ABS – says the data can be used by state and local governments to help better target support programs.
The data can be downloaded from the Australian Bureau of Statistics website for use in Google Earth, which interprets the data using Google maps. The small riverside suburb of Peppermint Grove in Perth has been ranked as the country’s most well-off council area, closely followed by Ku-ring-gai in Sydney’s affluent north :: Read the full article »»»»
Posted: June 11th, 2012 | Author: Marcus Dangerfield | Filed under: Business and Economy | Tags: Australian Economy, Credit, Debt, Glenn Stevens, Household Spending, RBA, Reserve Bank of Australia | 3 Comments »
Australia’s Reserve Bank chief, Glenn Stevens says Australians are too pessimistic on the state of the country’s economy, Stevens reckons that we should be much more optimistic over the nations prospects.
Speaking at the American Chamber of Commerce in Australia luncheon in South Australia, Stevens described the nations better than expected growth figures as “quite respectable”. The reserve bank chief said that changes in the world economy present challenges that can easily be overcome.
Stevens said Australia is in a good position to tackle possible world recession sparked by the debt woes facing Europe. He said that economic indicators show that Australia has handled the global financial crisis of 2008 well :: Read the full article »»»»