September 2018 The banking landscape for lending to property transactions in the wake of the Royal Commission has dramatically changed. Many will attest that the biggest influence of property prices is access to credit. Australia is just coming off the back of a credit boom, with record low interest rates cultivating an environment of easy
The housing market continues to improve on the Gold Coast with sales of housing lots rising 50 per cent in the September quarter, according to the latest report from Prodap Property Market Research. The move was largely driven by “spec” builders buying lots at two estates, The Meadows at Coomera and Waverley Parks at Pimpama.
Two Sydney residential developers have splashed out more than $16 million on suburban residential sites in off-market deals at the weekend. Parramatta-based developer Dyldam snared a site on the Hume Highway in Bankstown with DA approval for 185 apartments, for $11.4 million from a group of five local homeowners. In Lewisham, developer Peter Sleiman Properties
Will 2014 be the year of the new property development? Will the banks relax their financing requirements for developments and start pushing LVRs higher and presale requirements lower? Looking at what is planned early on in the year, celebrated Queensland property developer Sir John Pidgeon will begin what may be his last major residential project
The Australian Real Estate Investment Trusts are not cheap but they will show a healthy total return in 2015 – as long as bond rates stay low. At least that is the view of CLSA analyst, Sholto Maconochiein his sector outlook for 2015, entitled Macro Matters. His top picks for the year are Mirvac, Scentre
A $31 million mixed-use apartment complex on the Ballina Riverfront is set to break the six-year development lull in the area if given the green light by the council. Known as Reside Living Ballina, the former Sundowner Motor Inn site will host 36 apartments aimed at downsizing baby boomers and empty nesters. Located at 274
The latest stage in Mirvac’s residential community Enclave in Melbourne’s Ascot Vale has achieved a 100% sales rate with all land and terrace houses selling out in one day. The project received $17.6 million in sales which was comprised of twenty land lots and eight terraces. To date, 135 lots worth $80 million have been
Rising house prices are tempting investors back into property after a few lean years, and many are considering taking the next step and chasing bigger bucks through property development. It can promise more riches than simple investing but has more potential traps for beginners, and a whole new world of knowledge to master. Author, property