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May 4, 2016 | Industry News
Property has shifted to a higher gear
The levers for real estate have moved again – and they will support further growth in both housing and commercial property.
The drop in interest rates, to a record low cash rate of 1.75 per cent; the further slide in bond rates; the changes to superannuation; the fall in the Australian dollar; the retention of the negative gearing and capital gains tax regime, at least till the federal election; the $50 billion infrastructure spend; and the generally positive response to the budget, all point in one way.
Mark Steinert, the chief executive of Stockland and national president of the Property Council, says housing is in an "elongated cycle", supported by population growth, employment growth and supportive interest rates.
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April 9, 2016 | Industry News
Chinese investment in Australian property doubles as FIRB real estate approvals overall jump 75 per cent
Chinese investment in Australian real estate has doubled.
Foreign appetite for Aussie homes, from all corners of the globe, has surged in the past financial year, with the value of proposed investment rocketing by more than 75 per cent.
The Foreign Investment Review Board annual report shows China remains by far the biggest foreign buyer of property, splashing $24.3 billion in 2014-15 – more than triple the United States and six times the outlay from Singapore.
February 15, 2016 | Industry News
Melbourne’s skyline to become tallest in the nation
Melbourne will soon have Australia's tallest skyline, with more than 100 skyscrapers higher than 100 metres planned or already under construction.
The rush of mostly residential towers is set to double the number of very tall buildings in the central city within just a few years.
Seven new skyscrapers over 265 metres would enter the city's top 10 tallest towers, subject to planning approvals.
February 2, 2016 | Industry News
Melbourne’s residential development: what’s really going on?
The Victorian Government has recently released a series of detailed reports to inform the ‘Managing Residential Development’ Advisory Committee submissions process. They raise many important questions not only about the residential zones but the wider issue of ‘who and what are we planning for’ over the coming decade and beyond.
This article provides a summary of some of the more attention grabbing parts of the reports along with commentary about the bigger picture issues that the forthcoming Advisory Committee might need to address.