Shopping malls are conducive to the growth of house prices in the region
According to the Australian newspaper, more and more Australians are moving from suburban homes to apartment buildings, and the lifestyle of the change has helped drive demand for large shopping malls that provide entertainment. Multi-purpose uses such as social and shopping. The retail industry has been under pressure as a result of the rise of online shopping and the weak wage growth and high household debt faced by cautious consumers. Some mall operators are revamping their malls to include more restaurants and services that can`t be purchased online to replace more replaceable clothing stores. Grant, Chief Executive Officer of (Chadstone Shopping Centre), Chadstone Mall, Melbourne? "the challenge for the mall right now is not just the growth of Amazon`s (Amazon) and other online retailers," Kelly (Grant Kelley) said. "there are a lot of other trends at the macro and micro levels, which means we have to adapt to the way Australians live today," Kelly said. Our population is aging, young people increasingly like to live in convenient places, and living in the vicinity of large shopping malls is the preferred choice for many young people. The completion of shopping malls is also conducive to the growth of local housing prices.
High-priced purchase of residential land by Atira, a student accommodation service provide
According to insider, Atira, a student accommodation service provider, snapped up the purchase of James, owner of construction firm Built and Aussie Home Loans, for less than A $24 million. A residential site jointly owned by Smond (James Symond). The site, located at (Doncaster Avenue) 4 / 18 East Casteur Avenue, close to the (Royal Randwick Racecourse) Royal Landwick Racecourse and the future light rail in Sydney, is conveniently accessible and was previously approved as a residential development. After Atira offered to acquire, build and Symond planned to form a joint venture to develop the project and sell it to the group. The group will turn the project into a student hostel to serve nearby (UNSW), the University of New South Wales.
New state government: tenants who deliberately sabotage public housing will be severely punished
Australian Finance has heard that tenants who deliberately sabotage public housing will be required to pay rental bonds for housing maintenance under tough new rules aimed at combating bad behaviour in public housing. The social housing minister Pru Goward said the policy was implemented to make the social housing security system fairer. "for Australia`s existing public housing system, it guarantees the rights and interests of most public housing tenants," Goward said. Most tenants have followed the system and are entitled to a fairer system. The implementation of such a bond system, which applies only to tenants who have caused deliberate and serious damage to public housing properties, will be conducive to long-standing effective measures to prevent the destruction and restraint of public housing. The proceeds of this bond will be used to pay for the maintenance of the house. "
The number of residential developments in Melbourne has plummeted
Housing construction in Melbourne, Australia`s second-largest city, has fallen nearly 34 percent over the past year, as housing construction in Melbourne, Australia`s second-largest city, has declined, according to the Australian Financial Review Times. Construction is under way in the September quarter, with the number of five-year apartments in production falling to 57,900 from nearly 86,999 in the same period last year, according to the latest apartment market report released by Zhongshou. The decline was not the biggest-and Brisbane`s residential construction was down nearly 40 percent-but the Queensland capital`s apartment market is emerging from a prolonged downturn that could improve in the next two years. The sharp fall in Melbourne`s property market suggests that previously active local and overseas investors have faded out of the property market.
Sydney`s house price has fallen to its highest level since the 1990s
According to the Financial Review Times of Australia, house prices in Sydney have fallen 7.4% this year, the biggest annual decline since 1990, because tighter lending policies by banks not only affect investor credit, It also has a certain impact on the market for first-time buyers. As a result of the property buyer purchasing power is insufficient and causes the house price to fall. Prices in the two largest cities have fallen 0.7 percent in the past month, sending Sydney prices to a 28-year low and Melbourne prices down 4.7 percent, according to the latest Corelogic house price index. Perth`s home price fell 0.8% in October, and the annual decline was that of Tim, head of research at 3.3%.CoreLogic. "if we continue to follow this trajectory, we will see that Sydney`s current economic downturn will exceed its all-time low in February 1990, when Sydney`s house prices fell 7.9 percent in 12 months," said Lauris (Tim Lawless). Property prices across the country have fallen 3.5% so far this year.
Paulie Australia considers building rental apartments in Sydney
Development investor Pauli Australia (Poly Australia) is also considering joining in building a rental (Build To Rent) and may soon start a rental apartment project in Sydney. Although the plan has not yet been finalized, But Poly is considering converting its residential site at Stanley Street (Stanley Street), in Kogarah, south Sydney, originally designated for standard construction and sale, into 100 rental units with rooftop gardens and outdoor facilities. Jay Carter, director of sales and marketing at Poly, said: "the main reason this project has been fully considered is that the construction and rental industry in Australia is growing. Also because our competitors are involved in some of the building and rental projects. "Kogarah City is a solid backbone of the market, but also very qualified rental market. There is a large hospital near this city with a very reliable infrastructure that can fix the job base and the activities needed to live and handle rental apartments. "
