Featured

Phuket real estate fluctuates in response to urban flight

The real estate market in Phuket, Southeast Asia’s top resort destination, is seeing drastic changes due to urban flight and a steady influx of new lifestyle inhabitants. The rising demand for detached houses and more enormous condos has become the island real estate mantra. Since 2019, when over 9 million sun seekers visited Phuket, the island has seen a dramatic shift. Most of these visitors came from mainland China. At that time, condo developments catering to first-time investors sprung up around Phuket. Many carried hotel chains’ names and assured high rates of return. However, COVID-19 quickly put a damper on

March 9, 2024 No Comments

Australia News

Australian borrowers are in an ideal situation to withstand rising interest rates

According to Shayne Elliott, chief executive officer of ANZ, a large Australian bank, many Australian borrowers are ahead on their mortgage repayments, which should protect them from a rough landing when interest rates climb. This year, the Reserve Bank of Australia has raised the official cash rate six times in a row, bringing it to 2.6%. As a result, mortgage rates have increased from approximately 2% to between 5% and 6%. As the central bank combats inflation, the property market in Australia will likely face the weight of rising interest rates. Thursday on CNBC’s “Squawk Box Asia,” Elliot stated that

March 9, 2024 No Comments

Featured

Scotch Whisky Is The Hottest Collectible Of 2022

Scotch whisky is the most attractive asset class globally, with experts predicting a rapid climb in its appeal within the investment community over the next three years. Scotch has been underpriced for decades, and as it matures, investors will extensively benefit as demand outstrips supply. It’s an exciting time to get involved, and we recommend jumping onboard before that happens. The collectible market journey Consumers are showing their signs of optimism in the economy and are putting their money where it counts. Collectible investments are physical objects that people can collect. Traditionally, people have collected antiques, fine art, stamps, vintage

February 8, 2024 No Comments

Australia News

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

Featured

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

Featured

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

Featured

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

Featured

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