Resource boom fuels record sale
Wednesday, May 28th, 2008The Palm Apartments in Whyalla, South Australia have been sold to an interstate syndicate, reflecting the impact of mining and
resources activity in the regional areas of the state.
The Palm Apartments in Whyalla, South Australia have been sold to an interstate syndicate, reflecting the impact of mining and
resources activity in the regional areas of the state.
Riparian Plaza was announced the overall winner of the 2008 Property
Council of Australia/Rider Levett Bucknall Innovation and Excellence
Awards, held Saturday 24 May at the Crown Casino Complex,
Melbourne.
The development of a residential land subdivision in Torquay, Victoria
over a 10 year period by property group Trinity and subsidiary Consolidated Properties is to set new
benchmarks in regional Victoria.
Three Australian cities have been pushed into the rankings of the
world’s Top 50 most expensive office markets due to increases in rent,
according to the latest Global Market Rents Survey from CB Richard
Ellis.
In response to record lows in housing affordability, twelve locations throughout Australia have been selected by a national property researcher for their strong growth prospects and prices of less than $200,000.
Positive investment conditions and rising commodity prices are the key
factors in driving the price of rural property prices up in Australia
by 150% since 1989, as found by the Rural Land Value Index by Rural
Management Partners.
The Ray White Surfers Paradise Group has announced it will merge with
Yatala-based Sync Realty, in a move that will further expand its
services in the Gold Coast market.
Two properties have been sold by Niemeyer Commercial Industry Property:
both industrial, both located in New South Wales and both have sold for
millions of dollars.
A commercial property in Bentleigh, Victoria, that has been home to a
residential real estate business continuously for the last 35 years,
has sold at auction to a private investor.