Last month’s fall was linked to the ongoing hikes in Australian interest rates . Australia was the first economy to raise rates from a 50-year low as the economic downturn eased. Other major economies opted for lower interest rates to … [...]
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The variety of geographical and ecological features that make up Australia can be experienced in many ways. Perhaps the best way to witness all of the wonders here is to spend some time, exploring the tropical feel of Queensland, basking in the warmth and aquatic beauty of the Gold Coast, taking in the mix of the [...] The big story in most countries around the world is how they’re beginning to see daylight at the end of the tunnel in their real estate markets. Following the U.S. down a road of deflated prices and tough credit situations, most world markets are just now beginning to see improvement. Builders are forecasting new business, and [...] A LOW-rise office building at the suburb border of Camberwell and Glen Iris has sold to a private investor for $10.14 million. The 990 Toorak Road office is leased to ASX listed groups National Australia Bank and Uniliver. Based on the annual rental return of $856,048, the building sold on a yield of 8.44 per cent. [...] It is a common scenario worldwide that any property bought by an individual as a long term investment always appreciates in value. The Australian property market is no exception with a recent survey noting that in Australia investors have made remarkable gains on property investments.
Reserve Bank of Australia Governor Glenn Stevens hiked Australia’s cash rate 25 basis points, taking the gap between New Zealand and Australian official interest rates to their widest gap ever. [...] Reserve Bank of Australia Governor Glenn Stevens hiked Australia’s cash rate 25 basis points, taking the gap between New Zealand and Australian official interest rates to their widest gap ever. [...] |
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