Real Estate & Property Investment News in Australia from Propertyshowrooms.com

Emirates pushes for Australian routes

Wed, 12 Nov 2008 00:00:00 GMT

Emirates plans to push ahead with plans to expand its services in Australia despite the international economic uncertainty...

Economic growth to slow further: RBA

Mon, 10 Nov 2008 00:00:00 GMT

The RBA says the pace of economic growth will slow markedly over the next few months...

Interest rates tipped to reach historic lows

Mon, 10 Nov 2008 00:00:00 GMT

Analysts say interest rates could reach historic lows early next year as the economy continues to slow...

Perpetual to retain partial freeze on mortgage funds

Mon, 10 Nov 2008 00:00:00 GMT

Fund manager Perpetual says its partial freeze on its mortgage funds is likely to remain in place for the foreseeable future...

Airline cuts outback NSW services

Mon, 10 Nov 2008 00:00:00 GMT

Regional Express (REX) has cut the only air service to six communities in western New South Wales...

Latest analysis says Perth is weakest property market in Oz

Sun, 9 Nov 2008 00:00:00 GMT

Perth, recently one of the priciest places to buy property in Australia, is now the weakest housing market in the country...

Oppn warns Brisbane rail plan to be shelved

Fri, 7 Nov 2008 00:00:00 GMT

The Queensland Opposition says an ambitious underground rail plan for Brisbane is likely to stay on the shelf because of the Federal Government's $40 billion budget downgrade...

Australia slashes interest rates

Wed, 5 Nov 2008 00:00:00 GMT

The Reserve Bank of Australia has announced a cut of three-quarters of one per cent, taking the cash rate down to 5.25 per cent.

Revealing the decision yesterday, governor of the bank Glenn Stevens said the move had been motivated by signs of slowing economic activity and a high probability that inflation will soon fall....

New city planned for north of Perth

Wed, 5 Nov 2008 00:00:00 GMT

The State Government is seeking a development partner for a new coastal city 40 kilometres north of Perth...

Big four not passing on full rate cut

Wed, 5 Nov 2008 00:00:00 GMT

The major banks have all refused to pass on in full the latest official interest rate cut...

Australian apprentices benefit from skilled migrants

Wed, 5 Nov 2008 00:00:00 GMT

An Aussie recruitment firm is sponsoring up to 100 temporary overseas workers in areas of skills shortage under the nation's 457 visa...

Pass on full rate cut, Swan tells banks

Wed, 5 Nov 2008 00:00:00 GMT

Federal Treasurer Wayne Swan has again called on major banks to pass on the full amount of yesterday's interest rate cut...

Qld Govt to inject $9m into tourism

Wed, 5 Nov 2008 00:00:00 GMT

The Queensland Government says it will inject an extra $9 million into the state's tourism industry...

Australia property price 'to start rising again'

Tue, 4 Nov 2008 00:00:00 GMT

Australian property has been described as showing resilience in the face of the credit crunch.

In contrast with some countries that have seen large falls in prices, the average home in the country has only seen its value drop by 1....

House prices fall 1.8pc: ABS

Mon, 3 Nov 2008 00:00:00 GMT

ABS figures show prices for established homes have fallen an average of 1.8 per cent in the September quarter...

Shares gain ground ahead of interest rate decision

Sun, 2 Nov 2008 00:00:00 GMT

The Australian share market gained ground this morning as investors backed the Reserve Bank of Australia to cut interest rates tomorrow...

BIS says house prices to keep rising

Sun, 2 Nov 2008 00:00:00 GMT

BIS Shrapnel forecaster says Australian house prices are unlikely to see sharp falls like those in the UK and US...

Perth tops popularity poll

Fri, 31 Oct 2008 00:00:00 GMT

The city of Perth in Western Australia has been revealed to be the most popular city in the country in which to holiday.

A poll by totaltravel.com of the places people would least like to holiday in found that just five per cent regarded Perth as somewhere they would least like to visit....

Govt approves $130m Brisbane Airport upgrade

Tue, 21 Oct 2008 00:00:00 GMT

Construction will begin on a new car park for the Brisbane Airport in March next year after the project was approved by the Federal Government...

Kosky confident on federal transport funding

Mon, 20 Oct 2008 00:00:00 GMT

The Victorian Transport Minister, Lynne Kosky, says she is confident the Federal Government will consider calls to fund more train lines in Melbourne...

Qantas begins A380 service with LA flight

Mon, 20 Oct 2008 00:00:00 GMT

Australian airline Qantas has launched commercial services of its new Airbus A380 superjumbo, becoming the first carrier to fly paying passengers into Los Angeles on the giant jet...

CBA cuts home loan rates

Mon, 20 Oct 2008 00:00:00 GMT

The Commonwealth Bank has joined its rivals in cutting its main mortgage rate...

Builder sentiment slumps amid global credit crisis

Mon, 20 Oct 2008 00:00:00 GMT

Nearly 25 per cent of builders surveyed in the September quarter say they are concerned a lack of finance will hurt their business...

Macquarie winds back mortgage business

Mon, 20 Oct 2008 00:00:00 GMT

Macquarie Bank has continued to wind back its mortgage business...

Commonwealth Bank cuts home loan rates

Mon, 20 Oct 2008 00:00:00 GMT

The Commonwealth Bank has joined its rivals in cutting its main mortgage rate...

First Home Owner’s Grant is an Illusion

Mon, 20 Oct 2008 00:00:00 GMT

Australia has a wonderful bonus for anyone who emigrates to Australia, not only are the beaches as good as they looked on “Bondi Rescue” but if you decide to buy you own piece of Australia...

Oz property market set to be boosted by expat buyers

Mon, 20 Oct 2008 00:00:00 GMT

Expat Australians could end up boosting the property market down under as they are attracted back home by mortgage rate cuts and the government's $10.4 billion economic package, it is claimed...

Home loan advertising blitz attacked

Sun, 19 Oct 2008 00:00:00 GMT

AN advertising blitz encouraging first home buyers to spend the Federal Government's latest hand-out on their house deposit has been slammed as irresponsible...

Market retreats from early gains

Fri, 17 Oct 2008 00:00:00 GMT

Australian shares have closed down 1.1 per cent, after giving up early gains posted on the back of Wall Street's late rally...

Brisbane airport profit to benefit hospitals: Fraser

Fri, 17 Oct 2008 00:00:00 GMT

The Queensland Government says the sale of its stake in Brisbane Airport to existing shareholders has earned almost $290 million...

ANZ cuts variable interest rates

Fri, 17 Oct 2008 00:00:00 GMT

ANZ has announced it will lower interest rates for variable rate home mortgages by 0.25 of a per cent...

Govt action on financial crisis 'spot on'

Fri, 17 Oct 2008 00:00:00 GMT

Heather Ridout says Kevin Rudd had displayed the necessary leadership amid what is essentially a global recession...

Australian house prices unlikely to slump

Thu, 16 Oct 2008 00:00:00 GMT

Leading economist predicts property market will defy gloom and doom merchants...

Rate cut may help with rent - for a while

Thu, 16 Oct 2008 00:00:00 GMT

TENANTS across Australia look set for a short-term reprieve from rising rental prices, with analysts expecting landlords to pass on the benefits of interest rate cuts...

Sydney property holds up

Mon, 13 Oct 2008 00:00:00 GMT

Those thinking of investing in property in Sydney will find that Australia's largest city has been spared the slump in house prices that have occurred in major world cities elsewhere.

Director of economic and market analysis at Citigroup Shane Lee told the Sydney Morning Herald the next couple of years will see house prices in the city increase, unlike in come other major metroplitan centres around the world....

Australia slashes interest rates

Wed, 8 Oct 2008 00:00:00 GMT

The Reserve Bank of Australia has announced it is slashing interest rates by one per cent in a move designed to boost the economy.

Australia's cash rate has been lowered from seven per cent to six per cent, following a 0....

Population boom means good news for property investors

Sun, 5 Oct 2008 00:00:00 GMT

Australia is experiencing the largest migrant driven population boom in history, with our overall population increasing by 1.61% for the year – the most rapid growth we...

Australian central banker in rate cut call amid half-point speculation

Fri, 3 Oct 2008 00:00:00 GMT

Australia's federal treasurer Wayne Swan has urged high street banks in the country to pass on as much as they can of any rate cut that the Reserve Bank of Australia may make next week.

Commenting amid speculation that the bank may cut rates by as much as half a percentage point next week, Mr Swan said: "I would encourage all of our banks to act as responsibly and as competitively as they possibly can," reports ABC News....

ASX falls despite US bailout action

Thu, 2 Oct 2008 00:00:00 GMT

Local stocks have been unable to gain ground after a revised bill designed to bail out the struggling US financial market passed through the US Senate...

Aust dollar plummets to 14-month low

Thu, 2 Oct 2008 00:00:00 GMT

The Australian dollar has fallen below 78 US cents - its lowest level in 14 months...

Local markets wilt despite bailout agreement

Mon, 29 Sep 2008 00:00:00 GMT

Gains on Australian and Asian share markets have wilted despite the US financial bailout plan getting initial approval from legislators...

Home prices shoot up following Inpex announcement

Mon, 29 Sep 2008 00:00:00 GMT

One house jumped in price by $500,000 last weekend following the announcement of a new gas plant...

IMF warns of rates rise risk

Wed, 24 Sep 2008 00:00:00 GMT

The International Monetary Fund (IMF) says containing inflation presents a significant challenge to Australia...

Buffett investment boosts local market

Wed, 24 Sep 2008 00:00:00 GMT

Local stocks have bucked falls on Wall Street overnight after billionaire US investor Warren Buffett announced he would pour $6 billion into investment bank Goldman Sachs...

Local shares slump as Wall St weakens

Tue, 23 Sep 2008 00:00:00 GMT

Australian shares have lost about half of yesterday's gains in early trade after a slump on Wall Street overnight...

Rental Reform for Outback Australia

Tue, 23 Sep 2008 00:00:00 GMT

Sadly in Australia there are still one set of laws for the original inhabitants and one for everyone else...

No alternative to US financial bailout: Murdoch

Tue, 23 Sep 2008 00:00:00 GMT

Resentment is growing in the US over the Wall St bailout, despite a statement by George W Bush to the UN...

ASX hits high note after short-selling ban

Mon, 22 Sep 2008 00:00:00 GMT

Australian stocks have soared for a second consecutive session as moves to prevent a major financial meltdown continue...

Tenants just need tender loving care

Mon, 22 Sep 2008 00:00:00 GMT

TREATING tenants nicely will help property investors avoid damage bills and late rental payments, a landlord insurance provider says...

Australia tipped to ride out global storm

Tue, 16 Sep 2008 00:00:00 GMT

Australian economy tipped to avoid the worst of the fallout from the Lehman Brothers collapse...