More Foreign Homeowners Being Ordered to Sell in Australia

Real estate prices in Australian cities have been rising rapidly and as a result property prices are at the reach of many Australian citizens. Now investigators are looking into 462 possible breaches by foreign homeowners who could be forced to sell. In Sydney several foreign owners of residential homes have been ordered to sell as

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Approvals for New Homes Strengthen in Australia

According to an article in Propertywire, approvals for new homes in Australia strengthened during May, increasing by 2.4% compared to April. The number of approvals for multi-unit properties increased by 15.1% but in comparison approvals for detached homes dropped by 8.5%. There were a total of 218,442 approvals for the year ending in May, marking

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Australian Real Estate Prices Fall for Six Consecutive Months

According to an article in Property Wire, property prices in Australia’s state capitals have now fallen for six straight months, and there are worries that interest rate rises and volatile financial markets could make the situation worse. The latest figures from the Data-Rismark Hedonic Home Value Index show that property values decreased by 0.2% in

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