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Wanted: new universe by the beach

By australiabuilder.com

FORGET about the global financial crisis and focus on what really interests Australians over summer: contemplation of the perfect seachange. But where to find such an idyll? After all, hasn’t everything within cooee of the coast been fully priced for years? Well, maybe. But then again, maybe not. The Australian seachange universe is comprised... »

Latest analysis says Perth is weakest property market in Oz

By australiabuilder.com

Perth, recently one of the priciest places to buy property in Australia, is now the weakest housing market in the country. The global slowdown is wiping off overvaluations, bringing housing prices down, even in notoriously expensive places like Sydney, according to analysts. Aggressive interest rate cuts from the Reserve Bank, the doubling of the... »

Property price fall worst in 25 years

By australiabuilder.com

THE once booming Perth property market has recorded its third consecutive quarterly fall in the median house price – a phenomenon not seen in 25 years – as talk of a recession eats into consumer confidence. Real Estate Institute of Western Australia president Rob Druitt said the Perth market was moving into uncharted territory... »