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 [...]

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 [...]