Australia’s builders are suffering a three-speed market as high interest rates erode households’ ability to borrow and build dwellings.
Overseas buyers will face a tripling in fees to buy an established home in Australia and will be further penalised if their property is left vacant and not rented,under a government plan to tighten foreign investment laws.
One day for sale,the next not. What gives with the long disused Coburg North TAFE site?
Immigration and foreign investment are making this city increasingly unaffordable,forcing middle-income Sydneysiders like me out.
Australia was the top overseas destination for Chinese property hunters in the first half of this year,according to real estate firm Juwai IQI’s latest ranking.
We’re investing more overseas than foreigners are investing here – and that’s a problem.
Beijing seems to be doing its utmost to turn away from foreign money. The ramifications could be bad for China and the rest of the world.
Interest rates have soared and property prices are lower than a year ago,so what makes Sydney real estate so attractive?
Relations between China and Australia have improved in the past month,with senior politicians and business people from both countries seeking to repair the trade and investment partnerships. But more remediation is needed.
The holder of the ancient civic role says the City of London can learn a lot from Australia and offer a lot in return even if it’s no longer part of the EU.
Last month,an obscure Swiss-based syndicate agreed to buy the refinery from the controversial billionaire for about $1.5 billion,but it has still to secure funding.