Category: Property Australia
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90 percent fear future generations won’t be able to buy a home
An earlier article in businesstimes.com.sg: In the world’s most liveable cities, few can afford to buy a home. Seriously, we should do a similar survey like what was done by the Australian National University. From its survey, almost 90 per cent of Australians fear future generations won’t be able to buy a home. One of the…
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Highest and with a 360 degree view. Selling at less than RM100 million. Haha.
How much should a penthouse in Melbourne be? Just a year ago, the Melbourne Median House Price was about AUD745,000. FYI, Australian engineers do earn the same as Malaysian engineers, number wise. Well, regardless of the price that we used to know, it will soon change because SP Setia Bhd’s project in Melbourne would be setting…
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Borrow less, stop price appreciation and economy becomes stronger
I agree with the following statement tremendously. “My judgement is that in the current environment, the resilience of our economy would be enhanced by an extended period in which housing prices and debt outstanding increased no faster than our incomes” It’s a comment by Reserve Bank governor Philip Lowe. (Australia’s Reserve Bank) If you want to…
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Yes, there is a bubble. No, there is no bubble.
I love to type ‘property bubble’ into Google under ‘News’ to look at some of the latest articles about property bubble. There are many that we can look at since a property bubble starting in another country can affect sentiment and subsequently the Malaysian property market as well. Recently, there’s one saying that the property…
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Eco World International, EPF, PNB and Guocoland on same ‘team.’
The stock market has been quite positive recently. Have you bought any shares yet? Another huge public offering one is coming up. This one is attracting huge attention. I always believe public listed companies which attract ‘famous’ investors would have advantage over those without. The reason is simple, confidence. The news about Eco World International’s…
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Median home prices – Australian cities. (by Corelogic)
Average property prices are not the best numbers. Assuming transactions of 3 units of RM1 million and another 7 units of RM300,000 homes would reveal an average price of RM510,000. Totally not reflective of the property market at all for both ends. This is the reason why when we look at the average prices for…
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Real estate buy? Better be legal, else suffer consequences.
This has been mentioned a few times and it’s now being more strictly enforced. Foreign buyers of Australian properties MUST get the Australian government’s permission. It is a requirement that all foreigners must seek approval from the government’s Foreign Investment Review Board before they could purchase properties in Australia. There are also restrictions to the…
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Melbourne’s median house price is now $740,995
A colleague has just left the company and moving to Adelaide. A few reasons were mentioned but one key one would be the education for the kids. I think this is still a good reason as many Malaysians are there today for tertiary education. He said he has yet to look for a home because…
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SP Setia and Maison Carnegie, Melbourne.
SP Setia is launching its third project in Melbourne, Australia. The speed of the launch is pretty fast because it had acquired the land just 6 months ago for A$6.68 million. (RM20.2 million) The project is called Maison Carnegie and it would be completed towards end of 2017. Another amazing speed, when compared to the usual…
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Gamuda Land’s 661 Chapel St in Melbourne, Australia
Australia’s property market is considered a more developed one than Malaysia. In fact majority of all property surveys in terms of overseas preference would always have Australia in the midst. For example: Malaysians’ overseas preference:Australia, Singapore, Indonesia and the UK Of course the property market could not be supported if only Malaysians are buying. In fact…