Industry Market Wrap The RP Data-Rismark Home Value Index results for January 2011 are released next week. Due to the seasonally low volume of sales recorded during January, the results typically do not provide the greatest insight into the state of the market. Nevertheless, we anticipate that the results will be at best quite flat [...]
Eric Johnston in the Age (Feb 25,2011) reported that the Insurance Australia Group (IAG) has likened the lack of adequate flood mapping to a national infrastructure problem,with many home owners unable to secure flood cover because of existing data. Flood mapping has been a sore point with the insurance industry.Many insurers including IAG blame the [...]
By Katherine Jimenez, The Australian,Prime Space,24/02/11 One of Australia’s best known shopping centres-Highpoint in Melbourne-is to undergo a $300m redevelopment. Construction on the redevelopment ,which will house the first David Jones store in the Western region,is due to start next month and be completed in about two years. The redevelopment will see the Highpoint Shopping [...]
Well, there you have it. Official invitations have been sent out for Apple’s March 2nd event, where many feel the company will unveil the newest version of the highly successful iPad. The invitation clearly indicates (or hints strongly towards, depending upon how you read Apple invites) an iPad-centric event. Rumors have swirled for months about a pending iPad 2 [...]
Monday, 21 February 2011 10:38 Patrick Stafford Housing approvals and construction will begin to increase during the middle of the year as the weakness in the first-home buyer market drops out and upgraders start searching again, but the renewed confidence will keep a lid on prices, BIS Shrapnel has warned. The forecaster’s new Building Industry [...]
The Age newspaper reports that an area twice the size of Docklands is to be opened up for inner- city housing under an ambitious plan to be launched by the Victorian Baillieu government. About 200 hectares of land around Fishermans Bend-now a light industrial area of factories and vacant lots near West Gate Bridge-is to [...]
16th Pacific Rim Real Estate Society Conference Wellington, New Zealand 24-27th January 2010 (refereed conference paper) Neville Hurst (contact author) Faculty of Business and Law Deakin University Melbourne 3125 Australia Tel: +61 3 9244 5224 Fax: +61 3 9251 7463 *Email: neville.hurst@deakin.edu.au Professor Richard Reed Faculty of Business and Law Deakin University Melbourne [...]
An article in February 17th Age by Simon Johanson stated that the Harcourts property franchise will merge with rural service business Landmark. It will combine both companies real estate operations in April in the joint venture,Landmark Harcourts.The new business will include Harcourts’ 280 Australian metropolitan offices and Landmarks’ 125 rural real estate branches and is [...]
February 15, 2011 – At the annual Real Estate Results Network Awards night held in Sydney last night, Marcus Chiminello, Marshall White Director was named both the Victorian and Australian Sales Person of the Year. In further good news for Marshall White, James Tostevin, also a Director of Marshall White and multi award winner was [...]
Thursday,17 February by James Thomson. The founder of property finance company Fincorp,which collapsed in early 2007 with debts of $200 million, is facing jail after being found guilty of making a series of payments to himself a year after setting up the company. Fincorp founder Eric Krecichwost was found guilty yesterday in the NSW District [...]