HomeMate.com.au

The sale of new homes rose strongly in October, the same month as Government assistance to first time owners was tripled and interest rates cut further, a survey shows. Yet despite the first monthly sales increase in four months for new homes, the housing industry says a recovery in the sector is still some way [...]

The number of properties sold in Brisbane has slumped by 18.6 per cent in the past 12 months – the worst property market decline recorded in Australia. Sales were down 10,000 compared with the same period last year. Just 40,868 homes changed hands during the year, compared with 50,211 in the 12 months to October [...]

Insurers want building materials to be more resilient to Climate change, the subsequent damage that it will do to homes in the future. They have warned of constructing “increasingly brittle” buildings that will be harder to insure given the risk of extreme weather. It says existing building codes say nothing about the effect of hail [...]

Reserve Bank of Australia to cut home loan interest by 1 per cent to boost spending 2008 November 22 by admin The Reserve Bank of Australia, which was completed blindsided by the World financial crisis, has to reverse its decisions made in haste over the past few months. Mortgage interest  rates may drop by another 1 per [...]

Home land development giant Lend Lease Corporation depends on selling assets in this tough market. 25 per cent of Lend Leases profits every year came from asset sales it developed for sale around the world. But selling assets was tougher than usual because of the global finance credit crunch. The group wrote another $490 million [...]