January 2008
5 posts
Adelaide vacancies tighten further
Adelaide’s rental market has tightened further, with a vacancy rate below 1% in December, according to the Real Estate Institute of South Australia. The current vacancy rate of 0.7% compares with an already-tight 1.6% in November. Despite that, the REISA says there is less tenancy demand than a year ago and the lower vacancy has been caused by a reduction of stock in the market - with many...
Seven suburbs now in Melbourne's $1mil club
A growing number of Melbourne suburbs are joining the “million dollar housing club” – areas where multiple building permits have been issued for homes worth over $1 million. In FY2007 seven Melbourne suburbs had at least five $1 million building permits issued. Traditionally millionaire building activity has been confined to the usual suspects such as Toorak, Brighton and Portsea – but lately...
Thousands of Sydney homes declared a landslip risk
Thousands of prime beachside properties in Sydney are at risk of landslip, according to an article in the Sydney Morning Herald.It reports than over 17,000 homes on the northern beaches of Sydney have been declared at risk of landslip by Pittwater Council. This is double the number of properties identified in a previous assessment five years ago. Any property owner with such an assessment will be...
Which city has your vote in 2008?
We’d like to know where property investors intend to park their money in 2008. The new poll on the hotspotting.com.au website asks respondents which city they most favour for property investment this year. The results will be interesting in the light of the results last time we ran this poll. Late in 2006 we asked the same question for 2007 and the overwhelming favourite was Brisbane (37% of the...
December 2007
3 posts
Lomas to head Property Investment Association
Prominent property investor and author Margaret Lomas has been elected the new chair of the Property Investment Association of Australia. The PIAA was created three years ago to set standards, accreditation and training for property investment advisers and property professionals. It is expected to assume a more prominent role as the new Federal Government looks more closely at the issues of...