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Cheap living accommodation quick search engine. http://www.cheapplace.co.uk/posts/ Find the cheapest places to live. Including bed and breakfast inns, Hostels, budget hotels, apartments, flats, bed sits, houses, cheap rooms and lodging to rent, caravans, homeless shelters, advice and more... en Get in the queue for an Australian property boom Posting by administrator, Monday, August 24, 2009, 17:45:

IT'S the proof we've been waiting for that the housing boom is back - at dinner tables across the country talk is returning to the old conversation chestnut ... property.

While the global financial crisis made us all armchair investment analysts, now lower interest rates, government bonuses and the first home market boom was again making property the hot topic.

On any given weekend huge numbers of prospective buyers are flocking to open houses everywhere.

Nowhere is the craze more evident than in the median home market, where young families are trying to make the most of the demand from first time buyers to sell and trade up for more space.

But with medium-priced houses in limited supply, real estate circles are rife with rumours of auction punch-ups and inspection queues rivalling nightclubs.

Click here to read more

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http://www.cheapplace.co.uk/posts/index.php?id=20 http://www.cheapplace.co.uk/posts/index.php?id=20 Mon, 24 Aug 2009 17:45:49 +0000 News (General) administrator
Aussie property about to ride a big wave Posting by administrator, Monday, August 03, 2009, 18:43:

AUSTRALIA'’s property sector is about to catch a wave but homeowners and investors do not need to worry about a wipe-out.

While a bubble in the first home owner segment of the housing market is set to burst with the winding back of government grants in two months, industry experts say investors will fill the breach.

They don't expect the property market to follow the big slumps felt in Britain and the US, where prices have fallen by more than 20 per cent.

In the US, in particular, the problem is too much supply and not enough demand.

Click on the following link to read more…

Click here to read more

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http://www.cheapplace.co.uk/posts/index.php?id=19 http://www.cheapplace.co.uk/posts/index.php?id=19 Mon, 03 Aug 2009 18:43:50 +0000 News (General) administrator
Luxury home owners losing millions Posting by administrator, Friday, July 24, 2009, 19:31:

THE Australian face of Lehman Brothers lost $8m in the sale of his Sydney home.

And he’s not the only one – prestige property owners are losing millions on their homes in the wake of the global financial crisis, The Australian reports

Banking high-flyer Glenn Willis previously headed the Australian arm of Lehman Brothers - the New York-based investment bank that collapsed last September in the biggest bankruptcy in US history.

His Mosman property, on Sydney's north shore, was valued at $18 million last October around the time the house was listed for sale. But the five-bedroom house home has recently sold, but not yet settled, for $10.2m after being passed in at auction for $10.25m in March.

Click here to read more

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http://www.cheapplace.co.uk/posts/index.php?id=18 http://www.cheapplace.co.uk/posts/index.php?id=18 Fri, 24 Jul 2009 19:31:42 +0000 News (General) administrator
Most think grants inflate house prices Posting by administrator, Wednesday, July 08, 2009, 19:09:

TWO-THIRDS of Australians believe the Federal Government's more generous first home owners grant is pushing up house prices, a new survey shows.

An online poll conducted by mortgage broker Loan Market Group found 35 per cent of those who said the grant had inflated prices believed it had only impacted on the lower end of the property market, while 31 per cent said it had not stopped them from buying real estate.

One in five of the 633 respondents in the poll, released today, said the boosted grant had no effect on prices and 13 per cent thought property values had actually fallen.

Click here to read more

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http://www.cheapplace.co.uk/posts/index.php?id=17 http://www.cheapplace.co.uk/posts/index.php?id=17 Wed, 08 Jul 2009 19:09:31 +0000 News (General) administrator
Bank profits soar but homeowners the winners Posting by administrator, Wednesday, June 24, 2009, 15:37:

BANK profit margins are growing for the first time in a decade, despite the global financial crisis, but homeowners are better off still with rate cuts outweighing funding costs.

Homeowners are ahead as the banks have slashed their variable mortgage rates by more than the overall reduction in their funding costs.

But the reverse is the case for the small business sector with the full brunt of the global financial crisis hitting small employers hard, The Australian reports.

Click on the following link to read more…

http://www.news.com.au/business/money/story/0,28323,25658819-5013951,00.html

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http://www.cheapplace.co.uk/posts/index.php?id=16 http://www.cheapplace.co.uk/posts/index.php?id=16 Wed, 24 Jun 2009 15:37:58 +0000 News (General) administrator
Home-hunting by proxy pays off Posting by administrator, Wednesday, June 24, 2009, 15:36:

POCKETS of the real estate industry loathe them, but a decade after buyers' agents first appeared in Australia, increasing numbers of home buyers appear to love them.

As their name implies, licenced buyers' agents represent buyers in real estate transactions, reports The Australian.

Since the late 1990s, when Melbourne firebrand David Morell played a leading role in exposing dodgy auction practices, they have helped tens of thousands of mostly inner-city buyers such as Sydney corporate finance specialist Marcela Zeman find the right property at the right price.

Click on the following link to read more…

http://www.news.com.au/business/money/story/0,28323,25663990-5013951,00.html

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http://www.cheapplace.co.uk/posts/index.php?id=15 http://www.cheapplace.co.uk/posts/index.php?id=15 Wed, 24 Jun 2009 15:36:33 +0000 Buying administrator
Top 10 buyers' questions Posting by administrator, Wednesday, June 24, 2009, 15:33:

1 - Do I have to pay GST on my home purchase?
THE purchase of an already established home does not attract GST.

However, this is not as simple as it appears, so be careful – services by professionals do attract GST. Check with your professional adviser about GST before you sign the contract.

2 - Do I have to go to the settlement myself?
No. You can have a representative at settlement. This can be anyone who represents you. As long as you send the cheques made out to the right amount it will be fine. You should give the representative written authority to act on your behalf. If the seller sends a representative, they should also have a written authority to accept the purchase money from you or your representative.

Click on the following link to read more…

http://www.news.com.au/business/money/story/0,28323,22586993-5013966,00.html

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http://www.cheapplace.co.uk/posts/index.php?id=14 http://www.cheapplace.co.uk/posts/index.php?id=14 Wed, 24 Jun 2009 15:33:48 +0000 Buying administrator
The rich return to their property roots Posting by administrator, Wednesday, June 24, 2009, 15:32:

HOT pockets of prestige properties across the western suburbs of Sydney are defying the downturn and creating streets of suburban millionaires.

Suburbs such as Bankstown, Liverpool and Campbelltown, better known for their fibro-cottage neighbourhoods, are being sought by the well-off, who are spurning the traditional blue-blood belt clustered around Sydney Harbour.

Grand mansions are selling for millions as Sydney's most successful citizens return to the suburbs in which they were raised.

Click on the following link to read more…

http://www.news.com.au/business/money/story/0,28323,25669539-5013951,00.html

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http://www.cheapplace.co.uk/posts/index.php?id=13 http://www.cheapplace.co.uk/posts/index.php?id=13 Wed, 24 Jun 2009 15:32:03 +0000 News (General) administrator
Stamp duty on home loans under review Posting by administrator, Wednesday, June 24, 2009, 15:30:

STAMP duty on housing loans could be abolished after the Henry tax review, which is likely to recommend states be given a share of income tax to make up the difference.

The most likely path to do this would be for the Commonwealth to give the states the ability to impose their own surcharge on income tax, which would be collected for them by the Australian Tax Office.

Click on the following link to read more…

http://www.news.com.au/business/money/story/0,28323,25669535-5013951,00.html

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http://www.cheapplace.co.uk/posts/index.php?id=12 http://www.cheapplace.co.uk/posts/index.php?id=12 Wed, 24 Jun 2009 15:30:01 +0000 News (General) administrator
Homeless: surviving in tent city Posting by administrator, Friday, June 19, 2009, 15:23:

Australia's homeless are struggling to survive and seeking shelter and safety in numbers as winter arrives.

In Redcliffe, north of Brisbane, a tent city has sprung up in a shady corner of a park.

There are five tents, a caravan, a barbecue and gas burners, along with human waste and other rubbish.

Click on the following link to read more…

http://www.abc.net.au/news/stories/2009/06/12/2596903.htm?site=news

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http://www.cheapplace.co.uk/posts/index.php?id=11 http://www.cheapplace.co.uk/posts/index.php?id=11 Fri, 19 Jun 2009 15:23:17 +0000 Refuge / Emergency Accommodation administrator
Govt rhetoric has 'little impact' on poverty Posting by administrator, Friday, June 19, 2009, 15:21:

The Federal Government has been accused of treating the symptoms of poverty rather than the causes.

Leading charity Anglicare has released a report revealing what it says is an increasingly complicated landscape of social exclusion in and around Sydney.

It has used the report to renew its push for a more comprehensive approach to lifting Australians out of poverty, particularly in the area of emergency relief (ER).

Click on the following link to read more…

http://www.abc.net.au/news/stories/2009/06/19/2602745.htm?site=news

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http://www.cheapplace.co.uk/posts/index.php?id=10 http://www.cheapplace.co.uk/posts/index.php?id=10 Fri, 19 Jun 2009 15:21:44 +0000 Refuge / Emergency Accommodation administrator
Sydney shelters struggle with homeless spike Posting by administrator, Friday, June 19, 2009, 15:19:

Despite the economy narrowly avoiding a technical recession, homeless shelters in Sydney are reporting that the situation is getting worse, not better.

One centre says there has been a 50 per cent increase in demand for housing and employment support since October last year.

These experiences are reflected in the latest ACOSS survey which has reported a 19 per cent increase in demand for community services and more disturbingly, a 17 per cent increase in the number of people being turned away.

Click on the following link to read more…

http://www.abc.net.au/news/stories/2009/06/05/2590538.htm?site=news

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http://www.cheapplace.co.uk/posts/index.php?id=9 http://www.cheapplace.co.uk/posts/index.php?id=9 Fri, 19 Jun 2009 15:19:52 +0000 Refuge / Emergency Accommodation administrator
SA homeless deaths rise Posting by administrator, Friday, June 19, 2009, 15:18:

Homelessness SA says the number of deaths of people living on the street is increasing.

It is estimated nearly 8,000 people in South Australia sleeping rough, almost half of whom are under 24 years old.

Spokeswoman Cate Jones says three homeless people under 25 years old have died in the past few months alone.

Click on the following link to read more…

http://www.abc.net.au/news/stories/2009/06/19/2602544.htm?site=news

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http://www.cheapplace.co.uk/posts/index.php?id=8 http://www.cheapplace.co.uk/posts/index.php?id=8 Fri, 19 Jun 2009 15:18:05 +0000 Refuge / Emergency Accommodation administrator
Worst over as high-rise sales bottom out Posting by administrator, Friday, June 19, 2009, 15:10:

SIGNS are emerging that the Gold Coast apartment market has stabilised, with a clearance sale of high-rise stock and first-home owner demand boosting activity.

According to the Midwood Queensland Investment Report, to be released this week, Queensland high-rise apartment sales in the May quarter were about half those of the previous corresponding period.

There were 116 high-rise units sold in Queensland in the May quarter, compared with 315 in the same period last year, with the Gold Coast hardest hit, The Australian reports

Click on the following link to read more…

http://www.news.com.au/business/money/story/0,28323,25608777-5013951,00.html

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http://www.cheapplace.co.uk/posts/index.php?id=7 http://www.cheapplace.co.uk/posts/index.php?id=7 Fri, 19 Jun 2009 15:10:10 +0000 News (General) administrator
First-home buyers at all-time high Posting by administrator, Friday, June 19, 2009, 15:07:

THE percentage of first home buyers in the market has swelled to the highest level on record, data out today shows.

First home buyers now make up 28 per cent of all dwellings financed, which is the largest proportion recorded since the Australian Bureau of Statistics began collecting the data in 1991.

The number of housing loan approvals rose by 0.9 per cent in April, the seventh monthly rise in a row. The figure was still below market expectations of a 1.5 per cent increase.

Click on the following link to read more…

http://www.news.com.au/business/money/story/0,28323,25615088-5013951,00.html

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http://www.cheapplace.co.uk/posts/index.php?id=6 http://www.cheapplace.co.uk/posts/index.php?id=6 Fri, 19 Jun 2009 15:07:06 +0000 News (General) administrator
Property markets in Australasia up and down Posting by administrator, Wednesday, June 17, 2009, 20:12:

The property market in Australasia is experiencing a mixed ride with some parts of the region reporting signs of recovery and others still struggling.

In New Zealand the latest published figures show that the numbers of new property listings have declined for the third month in a row, with listings in May dropping a further 5% on April.

It would appear that many sellers are adopting a wait and see attitude and only listing their property for sale if they have to. The May NZ Property Report shows that listings are now down 29% since the same time last year.

Click on the following link to read more…

http://www.propertywire.com/news/australasia/property-markets-australasia-200...

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http://www.cheapplace.co.uk/posts/index.php?id=5 http://www.cheapplace.co.uk/posts/index.php?id=5 Wed, 17 Jun 2009 20:12:21 +0000 News (General) administrator
House price plunge shocks experts Posting by administrator, Wednesday, June 17, 2009, 20:09:

Economists and property pundits have been shocked by new figures showing further falls in Australian capital city house prices.

Market watchers were expecting house prices to flatten out in the latest quarter, thanks to solid demand from the first home buyers grant and lower interest rates.

Click on the following link to read more…

http://www.abc.net.au/news/stories/2009/05/04/2560443.htm

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http://www.cheapplace.co.uk/posts/index.php?id=4 http://www.cheapplace.co.uk/posts/index.php?id=4 Wed, 17 Jun 2009 20:09:27 +0000 News (General) administrator
Australian house prices to rise by up to 20 per cent Posting by administrator, Wednesday, June 17, 2009, 20:05:

AUSTRALIAN house prices will rise by nearly 20 per cent over the next three years, buoyed by the "current heat" in the market surrounding first home buyers.

That’s the forecast from research house BIS Shrapnel’s Residential Property Prospects report - based on data from the Real Estate Institute - released today.

Click on the following link to read more…

http://www.news.com.au/business/money/story/0,28323,25634840-5013951,00.html

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http://www.cheapplace.co.uk/posts/index.php?id=3 http://www.cheapplace.co.uk/posts/index.php?id=3 Wed, 17 Jun 2009 20:05:22 +0000 News (General) administrator
Australia Housing Finance Commitments Rise In April Posting by administrator, Wednesday, June 17, 2009, 19:59:

RTTNews - Wednesday, a report by the Australian Bureau of Statistics said the total value of housing finance commitments, excluding alterations, rose a seasonally adjusted 3.6% month-on-month in April to A$21.5 billion.

Investment housing commitments rose 8.9%, while owner occupied housing commitments increased 1.9% in April.

Click on the following link to read more…

http://www.ibtimes.com/articles/20090610/australia-housing-finance-commitment...

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http://www.cheapplace.co.uk/posts/index.php?id=2 http://www.cheapplace.co.uk/posts/index.php?id=2 Wed, 17 Jun 2009 19:59:44 +0000 News (General) administrator