Tag Archives: australand

Interest rate cuts and desperate sellers draw cash assisted first home buyers

08. Feb, 2009 | 0 Reviews

First Home Buyers House prices Interest rates Mortgage Rate Cuts New Home Buyers Uncategorized

Australia’s housing market is showing signs of strong activity, spurred on mainly by bargain hunters and first-home buyers as sellers become desperate.

Residential Real Estate Developer Australand scraps plans after profit slide

04. Feb, 2009 | 0 Reviews

Developers Housing market New Home Investment New Homes

Residential real estate property developer Australand Property Group has scaled back its development plans after posting an 85% slump in annual profit. Australand on Wednesday reported net profit for the 2008 calendar year fell to $40.16 million, from $269.23 million in 2007. It booked an unrealised loss from revaluations of $96.98 million and writedowns to residential [...]