This week we bring you news about the Government rezoning project, DA’s lodged on large multi-unit developments, and Ikea finally getting underway in Canberra. Huge rezoning plan to open up new land for redevelopment The ACT Government has identified a significant portion of public housing and other blocks to be targeted in a Territory Plan […]
Office Tenant Sentiment Positive, Despite Tough Times
The Property Council of Australia surveyed office tenants across a broad range of businesses to understand the sentiments of tenants regarding their current office spaces and the office leasing market more generally. Tenant sentiment about the office market was positive, though respondents recognised that there were difficulties in the market. Property Council Executive Director Joe […]
Development Developoments 5
Continuing to bring you the latest Canberra property development news. Sale of Prime Tuggeranong Asset The Canberra Times today reports that the Homeworld Centre in Tuggeranong has sold to QLD based property group Sentinel for $31,000,000. As reported in the last edition of Development Developments, The ACT Government annouced a draft variation to the Territory Plan […]
Double-digit gains thanks to record low interest rates.
Capital city house prices have finished the financial year with double-digit gains, thanks to record low interest rates. Home values rose 10.1 per cent in the 12 months to the end of June, the RP Data Rismark Home Value Index showed on Tuesday. Sydney once again was the most expensive city with prices rising 15.4 […]
Demand will intensify with stable low interest rates.
It was not surprising today when the RBA decided to keep the cash rate on hold at 2.50% at their monthly meeting. This week there has been an abundant amount of mixed economic data, both positive and negative indicating a rise in the consumer price index, a sudden slowdown in house prices and steady unemployment figures. […]