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Overseas Property News
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Australia property news: Australia to build more homes?
Country: Australia
13 August 2009 Borrowing levels from housebuilders for the construction of new residential properties in Australia increased by 2.8% month-on-month in June, and is now up by in excess of 60% from its low of October last year, according to Australian Bureau. The strong rise in lending for the construction of new property in Australia suggests that more new homes in Australia are now in the building pipeline, which should aid the country’s housing shortage. Macquarie Securities associate economist Benjamin Dinte said the data should alleviate some of the Reserve Bank's concerns over the lack of new housing and flow-on rise in property prices. Dinte said: “Policymakers will be pleased that lending has increased substantially for the construction of new dwellings in the past few months, and they will be looking for this trend to continue to flow through into building activity over the year ahead.” Over the past week or so, the Reserve Bank of Australia and the International Monetary Fund have expressed concerns about potential price bubbles in Australia's housing market, due largely to a shortage of new homes coming onto the market. However, Housing Industry Association chief economist Harley Dale estimated that the volume of housing starts would increase by 15% by the end of this year, supported by low interest rates and the first-home buyer stimulus which has been extended until 30 September.
See Also: Australia, Marc Da-Silva, Overseas property investor news
Some properties in Australia
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Price: £194,000
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Type: Land
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Featherbrook at Point Cook – only 25 mins from Melbourne Central Business District
With its vast open spaces and specially designed recreational areas, Featherbrook, Point Cook offers residents the very best in lifestyle options.
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View details | Enquire further
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Price: £207,900
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Type: House
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Bedrooms: 4
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New House and land packages, in the new growth coridor.
600sm 4 bedrooms and 3 baths, lock up garage. Tired of the old houseing style of old Europe. Everything is new, new, new
in Caboolture. Low rates, and maintance
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View details | Enquire further
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Price: £214,200
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Type: Apartment
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Bedrooms: 2
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Ocean frontage, 2 bed, 2 bath. 90sm. Near new in well kept resort. 70% Occupany all year around. Low season tariff 145
per day rental. Low body corp in resort area in Sunshine Coast. Great for holidays or retirement apartment
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Price: £287,500
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Type: House
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Bedrooms: 1/2
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Featherbrook at Point Cook – only 25 mins from Melbourne Central Business District
With its vast open spaces and specially designed recreational areas, Featherbrook, Point Cook offers residents the very best in lifestyle options.
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View details | Enquire further
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Price: s £367,000
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Type: Apartment
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Bedrooms: 1,2,3
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Description - Mainpoint - Melbourne’s newest land mark residential tower is a fantastic opportunity to secure your future.
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View details | Enquire further
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