May 2014

May 8, 2014

Tiny house with big price tag

Is this the world’s smallest house?

It doesn’t really have any bedrooms, but there is a separate toilet and room outside to park your boat and trailer.

The hut at Shaldon Beach in Devon in the South of England, comes with a price tag of close to $400,000.

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May 8, 2014

Sydney rental availability may hit crisis point

Vacancy rates across Sydney are verging on crisis levels, according to data released by the Real Estate Institute of New South Wales (REINSW).

The March 2014 REINSW Vacancy Rate Survey saw the numbers of properties for rent across Sydney drop 0.3 per cent at 1.4 per cent.

“We haven’t seen vacancy rates right across Sydney this low since November 2011,” REINSW president Malcolm Gunning said.

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May 8, 2014

Property price growth slows throughout Australia

The latest RP Data-Rismark April hedonic home value index reveals dwelling values across Australia’s capital cities rose by just 0.3 per cent in April.

Despite this Sydney’s median house price has broken the $800,000 barrier for the first time.

Tim Lawless of RP Data said the rate of growth in values had slowed in April, following strong increases in March and the first quarter of the year.

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May 5, 2014

Ho Bee Land & Brookfield Multiplex kick off Gold Coast’s First New Highrise Since GFC

A former Red Rooster site on the corner of Surfers Paradise Boulevard and Main Beach Parade will be home to the first residential highrise to be constructed in Surfers Paradise in two years.

Developed by Singapore-based company, Ho Bee Land, the currently unnamed project will be the company’s first Australian project.

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May 3, 2014

Melbourne to overtake Sydney

If current population and migration trends continue, Melbourne is projected to overtake Sydney as Australia’s largest capital city by 2053.

ABS estimates reveal that if current growth trends prevail, the Victorian capital will overtake Sydney as the nation’s most populous city by 2053.

Interstate migration figures reveal that Victoria has topped Queensland as the nation’s most popular destination to live, with migration from Queensland to Victoria jumping 12% (around 20,000 people last year). There was also a 4% increase in Sydneysiders relocating from their harbour home to the Victorian capital.

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