India’s richest man builds $1b home
India’s richest man, Mukesh Ambani, has moved into his new home — a 27-storey mansion worth $1 billion. The enormous Mumbai palace has three helipads, a dance studio, a ball room, a 50-seat theatre and an underground car park for 160 cars, according to media …
Tick-Tock goes the housing market time bomb
A confluence of building approvals, housing price and population figures this week are likely to all point in one direction: the failure of housing policy in key markets to keep pace with the nation’s needs. And there’s no sign of that changing. In just three …
Nigerian Real Estate Scammer
THE sale of a Karrinyup home without the owner’s knowledge by a Nigerian scammer has prompted an investigation by five government agencies and a warning to real estate agents to beware of fraud. Roger Mildenhall, 64, was living in South Africa when his $485,000 Perth …
Missing: spring investors
With Australia’s residential property sector finally coming off the boil, investors should be set to head back into the market to take advantage of easing demand and weakening buyer competition. But while owner occupiers and first home buyers are fast disappearing from the market, the …
Rent’s spent: time to set aside dollars for home?
Potential first homebuyers who want to jump off the rental roundabout should consider the effects of a strengthening economy, particularly as lenders begin improving borrowing conditions. Expected interest rate rises and higher living costs will compel many landlords to recoup lost funds by hiking rental …
Housing Shortage in Australia is a Hoax
An article from Terry Ryder says “MISSING: Authorities are seeking the public’s help in locating 190,000 families who have mysteriously disappeared from Australia.” REWARD: $60 billion, for any developer or builder who can find them. These are the 190,000 households that, according to the construction …
Australia ‘ahead of its time’ in global recovery
Australia’s property market is recovering with vigour thanks to the strengthening employment sector, according to CB Richard Ellis. The company’s executive director of research for the Pacific Region, Kevin Stanley, said the employment base in Australia had already recovered from the downturn with rates of …
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