(Reuters) – CAMPBELLTOWN, Australia, December 19 Over the last 12 months, Belinda has submitted applications for over a hundred different rental properties, all of which have been declined. Campbelltown, southwest of Sydney, is now housing the 39-year-old Australian single mother of four. She
One of the leading property markets in the country has produced a study outlining what trends it sees occurring in the coming year, following many years of chaos not only in the property market but in the globe as a whole. My, how a year can change things. Domain’s Chief of Research and Econom
According to recent figures from Quotable Value, the average value of a New Zealand property is falling by more than $1200 every week. The QV House Price Index put the average value of a home in New Zealand at $945,568 as of the end of November. This is $5472 less than the $951,040 in hand […
The recent downturn in New Zealand’s property market has sent shockwaves through the real estate industry, marking a significant milestone with its 12-year low. This development, while concerning, offers insights into the shifting dynamics of the housing sector and its broader implications. Ma
SYDNEY (Reuters) – Strong domestic demand pulled in imports and miners paid more dividends overseas, pushing Australia‘s current account into deficit for the first time in three years last quarter. However, the impact on economic growth was less severe than initially expected. According
With people dipping into savings to shore up spending and a decline in property services, Australia’s economy slowed more than projected in the September quarter. Growth in gross domestic product slowed to 0.6% from 0.9% in the previous quarter and 0.7% from the last June quarter. The 5.9% ann
Thailand’s critical tourist sector, nearly ravaged by the Covid virus H1N1 pandemic, has recovered faster than predicted, with the country having already welcomed 10 million international visitors this year. To mark the accomplishment before the end of the year, the Thai government conducted c
The Tourism Authority of Thailand (TAT) has released a luxury vacation package for wealthy South Koreans named “Amazing New Chapters: Discover Luxperience in Thailand.” The package includes round-trip business class airfare on Asiana Airlines and a five-night stay at the luxurious Siam K
A new analysis finds that smaller capital cities will shine in 2023, providing the greatest value for property searchers, whereas regional locations were the hot destinations to purchase this year. Canstar’s annual Rising Stars Report, which tracks the Australian real estate market and is driv
There is a heavy coating of dust on the windows of Jardine House in the eastern parts of London City, and it is interrupted with crude graffiti. A note scribbled on some tape and stuck to the door announces that security is now conducting patrols of the unoccupied building. Owned by the Libyan Inves
A rise in construction costs has been blamed on New Zealand‘s efforts to open the market up to more competitors and novel items. A study by the Commerce Commission looking into the residential building materials market was released on Tuesday in Wellington. The government has since indicated i
Homebuyers may be excused for assuming that, by the age-old adage “buy low, sell high,” investors would pour into the housing market during a slump. But this puzzle lacks one component despite decreased property costs and other variables that make brick-and-mortar attractive to landlords