blog.buysellrealestate.com.au

A former pub that became home to one of Australia’s most iconic fashion
pieces in Eagleby, Queensland, has been sold in a deal that was
negotiated by Jones Lang LaSalle.

Agents of CB Richard Ellis have sold a corner positioned operating
service station in Glen Waverley, Victoria, to an owner occupier.

Australia’s largest home builders are experiencing tougher housing
conditions in 2007/2008 as they face a decrease in both the number of
starts and their market share.

Colliers International, in conjunction with CB Richard Ellis, is
marketing an office and warehouse property at Mulgrave in Melbourne’s
south-east.

The production of new land throughout many regions in Australia in
2008/2009 is to be restricted by a combination of high prices for
residential land and the higher interest rates seen during 2007/2008,
according to economic forecaster and industry analyst, BIS Shrapnel.

According to mortgage broker AFG, sales of mortgages across Australia
during September recovered by 10.2% from the previous month.

The Real Estate Institute of Victoria has welcomed suggestions from
Victorian Premier John Brumby that governments need to do more to
assist young Victorians to purchase their own home.

There’s a rental shortage across Australia at the moment, but it’s particularly bad in Sydney. homes for rent: News.com.au” href=”http://www.news.com.au/business/money/story/0,25479,24394448-5013951,00.html” target=”_self”>Recent data suggests that there are just 739 properties currently available for rent in Sydney, a vacancy rate of just 1.2 per cent. You’d expect this would push rental prices up, making property investment a far more attractive deal than it has been, and with the massive instability in the stockmarket people who are looking for places to invest their cold hard cash might start looking at property.

There’s just one problem, at least for NSW buyers.

The NSW Government initiated a land tax a few years ago that resulted in a lot of Sydney investors leaving the market and investing in south-east Queensland. Well, now Sydney is paying the price, and there are calls for the taxes to be cut in order to encourage more investors.

Elsewhere in Australia the signs are good for investing in real estate. It’s a buyer’s market at the moment, with property sales staying fairly slow as there’s not a lot available for this time of year. And with real estate prices seemingly at a low point in the property cycle, the future looks good for capital gains over the long term.