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5 Myths about Australian Property Prices

Australian property prices have long been a hot topic of debate, with numerous myths and misconceptions circulating among homeowners and potential buyers. In this listicle, we aim to shed light on some of the most prevalent beliefs about the Australian property market and separate fact from fiction. Let’s delve into these five myths and reveal the truth behind each one! Myth: Australian Property Prices Double Every Decade Fact: While it’s true that Australian property prices have experienced significant growth over the years, the notion that they double every decade is an oversimplification. Various factors, including economic conditions, interest rates, population growth,

July 17, 2023 No Comments

Australia News

Australia’s Housing Market Continues to Surge Amidst Uncertain Economic Climate

Rising House Prices Emerge as the New Norm in Australia, Outshining Conventional Financial Predictions Australia’s housing market has experienced an unprecedented surge in recent years, defying conventional economic forecasts. The country, known for its captivating landscapes and high quality of life, has seen a remarkable rise in house prices, challenging the notion that “death and taxes” are the only certainties in life. Historically, the Australian housing market has been characterized by strong demand for property and limited supply, leading to steady increases in prices. However, this upward trajectory has intensified in recent times, leaving many analysts surprised and homeowners elated.

June 19, 2023 No Comments

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Opposition Parties Secure Historic Victory in Thailand’s Landmark Poll

In a landmark development for Thailand’s democratic process, opposition parties achieved a resounding triumph in the recent historic poll on May 15, 2023. The election marked a significant shift in the country’s political landscape, as military-backed parties were soundly defeated by the opposition, paving the way for a new era of governance and representing a triumph for democracy. Hop into the details of the momentous election, analyzing its implications and exploring the potential impact on Thailand’s political future. The Context and Significance of the Election A complex interplay between military rule and civilian governments has marked Thailand’s political history. Over

May 26, 2023 No Comments

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London ranks fourth in worldwide home price performance.

London’s property market lags behind the rest of the UK regarding average property price performance. Still, it is among the top four most desirable markets worldwide regarding yearly property price increases. EasyMoney, a peer-to-peer real estate investing platform, analyzed property market prices in 15 of the world’s most desirable property market hotspots, focusing on annual home price rises and the markets’ evolution since the outbreak. The data demonstrate that Miami has the highest yearly home price rise worldwide. The annual increase in the city’s home prices was 23.7%, while the increase from the fourth quarter of 2018 to the first

January 31, 2023 No Comments

Australia News

Australia’s rich listers are busy trading up over the holidays.

During the holiday season between Christmas and New Year’s, Australia‘s ultra-wealthy have been purchasing and selling luxury residences, such as the $130 million paid by Atlassian Co-founder Scott Farquhar for the Point Piper trophy property ‘Uig Lodge. It’s a record for Australia’s real estate market, representing the highest price ever. According to realestate.com.au, Mr. Farquhar and his investment banker wife, Kim Jackson, purchased a house on Wentworth St. before Christmas, even though it had yet to be posted with agents. Uig Lodge, located on a 3,300 square meter plot, was constructed at the start of the past century to evoke

January 27, 2023 No Comments

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As China reopens its border, Thailand implements new entrance rules.

As Thailand readies itself for an anticipated surge in visitors following the reopening of China’s borders, the country’s aviation authority has swiftly implemented stringent measures to ensure the safety of its populace. With the resumption of international travel, Thailand is taking proactive steps to mitigate the risk of COVID-19 transmission and protect public health. In light of the evolving global pandemic situation, the Civil Aviation Authority of Thailand (CAAT) has announced robust protocols for inbound travelers. These measures aim to safeguard both tourists and local residents against the potential spread of the virus, particularly in densely populated areas and tourist

January 17, 2023 No Comments

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Thailand’s real estate industry didn’t revive in 2022.

The economic slowdown and increasing inflation and interest rates prevented a complete recovery in Thailand’s real estate market in 2022. It hasn’t helped that there’s been fighting in Ukraine. The rebound was not as strong as it might have been, but things look suitable for 2023. The current reading of 47.9 on Thailand’s Consumer Confidence Index indicates a return to spending optimism for Thai consumers for the first time in 20 years. The easing of lending requirements by the Bank of Thailand, which is about to expire, has prompted clients with a genuine interest in real estate to make purchases.

January 6, 2023 No Comments

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London’s luxury real estate is hotter than ever, but which neighborhood is the chicest?

According to Beauchamp Estates, a company specializing in ultra-prime property, 92 private palaces with prices above £15 million were purchased in 2022, up from 40 in 2021 and a paltry 17 in 2020. Wealthy Americans looking to capitalize on the strong US dollar against the pound and investors from India, the Middle East, and the rest of Europe seeking a safe haven for their fortunes have all contributed to the recent uptick in demand for luxury townhomes, sprawling penthouses, and tasteful period conversions in the United Kingdom. Where, however, is the poshest address that can be found? Nearly a third

January 5, 2023 No Comments

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London’s foreign investment slows as China pulls back.

After experiencing years of instability that reduced the river of foreign money that previously poured into the metropolis, the London real estate market is preparing for a key 2023. According to MSCI statistics, foreign investment in London real estate reached £12.4 billion ($15 billion) in 2022. Foreign investment dropped significantly from £30.5 billion in 2015, before the twin shocks of Brexit and the COVID-19 outbreak. Uncertainty about property prices as interest rates increase and after political upheaval precipitated by September’s mini-budget threatens London’s longstanding ability to attract vast tracts of foreign investment. MSCI figures reveal that in 2022, foreign investors

January 4, 2023 No Comments

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IMF anticipates Thailand’s recession.

The IMF’s leader has predicted that the global economic downturn would hit Thailand and the rest of Southeast Asia hard this year. Kristalina Georgieva predicts that one-third of the world’s economies will be in recession this year. This would include Thailand and Vietnam. With the United States, European Union, and China all experiencing economic slowdowns in 2023, the 69-year-old Bulgarian economist predicts that next year will be “tougher” than the previous one. Russia and Ukraine’s crisis, increasing costs, rising interest rates, and the spread of Covid-19 in China all weigh on the global economy, leading to this forecast. According to

January 3, 2023 No Comments