Introduction to Australian real estate

ianadds wrote:PPT is an expert that creates turbulence in the financial markets (economic warfare). They time their liquidation to create panic amongst the unsuspecting peasants..Raising the interest rates is just another excuse to liquidate their foreign equities at the most inappropriate time. Recent stock market crashes in Bangladesh, Egypt and among others is just a start..Oh I should bring my popcorn.. When banks raise their interest rates significantly, wise capitalists should dump their stocks and put them into CD..Hope that answers your questions.

Property prices in Perth posted the biggest declines in Australia as an oversupply of homes and a “two-speed economy” take their toll on the capital of the nation’s biggest mining state.

Perth home prices fell a seasonally adjusted 1.9 percent to a median A$465,000 ($461,000) in the three months to December, compared with a 0.4 percent rise in the national capital city median home price, according to a RP Data-Rismark report released today. Perth home values are likely to be little changed for most of this year before bouncing back in 2012, economists at the Australia & New Zealand Banking Group Ltd., National Australia Bank Ltd. and the Real Estate Institute of Western Australia forecast.

Western Australia’s “economy itself seems to be moving ahead very strongly, getting back towards the boom-type conditions in the resources sector,” said Paul Braddick, senior economist at ANZ. “But that’s quite a contrast with the housing market, where it has definitely become a buyers’ market and prices have eased quite considerably.”

Australia’s Queensland state, recovering from its worst floods on record, faces a second, larger storm days after Tropical Cyclone Anthony hit the coast.

Tropical Cyclone Yasi may become one of the biggest the state has experienced, Premier Anna Bligh told reporters today. The cyclone is likely to reach the Queensland coast late Feb. 2 or early Feb. 3, bringing rain and floods to the state, she said.

“This is a very serious threat” that’s expected to cross the coast near Townsville, 340 kilometers (210 miles) south of Cairns, she said. “All of the models are consistent -- we’re facing a very large system and a system that is intensifying.”