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The average Australian property price grew 0.5% per year from 1890 to 1990 after inflation, [1] however rose from 1990 to 2017 at a faster rate. House prices in Australia receive considerable attention from the media and the Reserve Bank [ 2 ] and some commentators have argued that there is an Australian property bubble .
A real-estate bubble is a form of economic bubble normally characterised by a rapid increase in market prices of real property until they reach unsustainable levels relative to incomes and rents, and then decline. Australian house prices rose strongly relative to incomes and rents during the late 1990s and early 2000s; however, from 2003 to ...
A housing affordability index (HAI) is an index that measures housing affordability, usually the degree to which the median person or family in a particular country or region can afford housing/housing-related costs. [1] [2] [3] Housing affordability is one contribution to the cost of living in an area; measured by the cost-of-living index. [3]
US house price trend (1998–2008) as measured by the Case–Shiller index Ratio of Melbourne median house prices to Australian annual wages, 1965 to 2010. As with all types of economic bubbles, disagreement exists over whether or not a real estate bubble can be identified or predicted, then perhaps prevented.
GPT is ranked as one of the foremost global performing property and real estate companies in international sustainability benchmarks and awards. [7] GPT has held the number one or two position for the last nine years on the Dow Jones Sustainability Index. In September 2015, GPT confirmed it had achieved a 50% reduction in the emissions ...
Chart 1: House Price Index and CPI. Source ABS. In 2003, the Reserve Bank of Australia (RBA) stated in its submission to the Productivity Commission First Home Ownership Inquiry: there are no specific aspects of current tax arrangements designed to encourage investment in property relative to other investments in the Australian tax system.
The International Monetary Fund in April 2012 predicted that Australia would be the best-performing major advanced economy in the world over the next two years; the Australian Government Department of the Treasury anticipated "forecast growth of 3.0% in 2012 and 3.5% in 2013", [60] the National Australia Bank in April 2012 cut its growth ...
In 2010 Cromwell raised $75.4 million via a placement and rights issue and acquired the Qantas Global Headquarters in Mascot, NSW for $143 million. In 2013 is had expanded enough to enter the ASX 300 Index. In 2015 it moved into Europe by acquiring Valad Europe, a pan-European commercial real estate platform for $208 million.