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Monthly Archives: June 2011
Queensland population growth changes
QUEENSLAND’S mining boom is increasingly driving the state’s property business, with population growth slowing in all areas except those close to new mines or processing plants. The Midwood Report on the outlook for the Queensland property industry, released yesterday, claimed … Continue reading
rpdata Perth house prices
This from http://www.watoday.com.au/business/property/perth-propertys-yearlong-downward-spiral-the-worst-in-nation-20110630-1gryj.html Perth property values have continued their year-long downward spiral, recording by far the worst 12-month slump in the country, new data shows. The median Perth home price lost another 4.2 per cent in the May quarter, contributing to … Continue reading
rpdata house prices update
This from http://www.smh.com.au/business/house-price-slide-eclipses-gfc-drop-20110630-1gruy.html House prices continued their downward slide in May losing more value in the first five months of this year than they did in similar period during the 2008 global financial crisis. National city home values fell 0.3 per … Continue reading
Adelaide convention centre plans
Plans for the expansion of the Adelaide Convention Centre precinct were unveiled in todays Adelaide Advertiser. See http://www.adelaidenow.com.au/ipad/revealing-the-new-heart-of-adelaide/story-fn6bqpju-1226083782143 “THE Riverbank precinct will become Adelaide’s new city centre, stretching from King William Rd along the Torrens to the old Adelaide Gaol site. … Continue reading
Commercial asset values increase
In todays SMH, a report on the valuations of commercial assets now getting reported. See http://www.smh.com.au/business/rays-of-hope-as-valuations-climb-20110628-1gow9.html “PROPERTY valuations have reversed their downward spiral of a year ago with many landlords now looking to the new financial year with more optimism. The … Continue reading
More on BIS-Shrapnel forecasts
BIS-Shrapnel are certainly getting plenty of mileage out of their current residential forecasts. This article appeared in todays SMH at http://smh.domain.com.au/real-estate-news/interest-rate-rises-loom-but-home-prices-wont-crash-20110627-1gmw0.html “Property prices won’t experience huge losses over the next three years but interest rates will rise to almost 9.5 per … Continue reading
West Perth offices
As we reported earlier in the year, vacancy rates are tightening in the West Perth office market as leasing deals get done. This article appeared in todays West Australian newspaper at http://au.news.yahoo.com/thewest/business/a/-/wa/9750599/vacancy-rate-shrinking-in-west-perth/ “The vacancy rate in West Perth’s office market is … Continue reading
House prices. Where to?
In a week where median house prices have been in the news, I thought I’d give you a heads-up that at Propell we are doing a pilot study on house price research by suburb, with the intent of offering research … Continue reading
NSW infrastructure levy increase deferred… abandoned?
This from http://smh.domain.com.au/real-estate-news/infrastructure-fails-to-get-a-rise-out-of-development-discount-in-west-20110622-1gfiy.html AN expected rise in the levy paid by developers in western Sydney to fund new regional infrastructure will be postponed for six months pending a review. The Special Infrastructure Contribution was introduced in 2007 to fund the cost … Continue reading
China boom to slow?
This from http://www.nytimes.com/2011/06/21/business/global/21yuan.html?ref=global-home SHANGHAI — New economic analyses of China provide further indication that the nation’s supercharged economy is beginning to slow, and warn that soaring inflation, rising labor costs and mounting local government debt threaten to weaken growth even more. … Continue reading
