I came across an interesting article in the recent issue of the Australian property investor magazine (May issue) about how migrant groups will influence housing in Australia by well-known demographer Mr. Bernard Salt from KPMG Australia. It’s reported that over the past decade Chinese migrants to Australia made up the single largest ethnic group of [...]
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Lately, there were reports slashed all over major Australian newspapers reporting an all gloom and doom state for real estate in the country. Some reports suggested real estate prices in Australia to fall by a whopping 40% across the board because ‘economists believed that the real estate prices in Australia are currently grossly overvalued. Well, [...]
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The reserve bank of Australia has kept interest rate on hold. Official cash rate remains at 4.75% as it has been since November 2010. This is the wholesale rate before banks’ margins. The most competitive variable rates are around 7.00% now. Data released today has also showed the trade balance slipped back into a deficit [...]
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It’s nearing the end of the first Quarter of 2011. It’s SMART expo time again. This year PPG International (along with PPG Asia) will be participating in the event and if you are available from the 26-27 March between 11am-7pm, do head down to suntec exhibition and convention centre. We will be at booth B10. [...]
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In a recent article in The Age (Melbourne), it’s been reported that major builders and developers on Melbourne’s urban fringe are selling up to fifty percent of some of their new housing estates to overseas investors and those hoping to migrate to Australia. There are two prominent groups of overseas investors; They are the direct [...]
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