Hunter Valley vineyard bought by Zhi Jian Zhou and Ou Guo Ying from 安利 (Amway China)

Members of the Chinese division of pyramid marketing firm Amway have bought a Hunter Valley vineyard for $3.8 million. Liu Yi (刘艺), Fenghua Deng (邓峰华), Fan Zhang (章凡), Xia Gao, Zhi Jian Zhou and Ou Guo Ying are all listed as directors of Verona Hunter Valley Pty Ltd, the recent purchasers of 426 Mcdonalds Road […]

Rose smells victory in beach project battle

BOB Rose’s highly controversial $350 million Catherine Hill Bay subdivision north of Sydney has gained all but one federal environmental approval, with marketing expected to start by Christmas. The veteran developer said it had taken eight years of court, council and media battles to gain approvals to develop the 72ha former Moonee Colliery site, which […]

New state-specific guidelines for Public Private Partnerships in NSW

In brief – New PPP guidelines supercede 2006 guidelines The NSW government has released the NSW Public Private Partnerships Guidelines (2012) to guide the delivery and procurement of infrastructure and services. These state-specific guidelines came into effect on 15 August 2012 and supercede the NSW 2006 Working with Government: Guidelines for Privately Financed Projects in integrating principles of the National Public […]

First-home buyer $15,000 grant to spark recovery in NSW new home building: BIS Shrapnel

BIS Shrapnel has revised up its expectations for new home building in NSW due to increased demand for new homes from first-home buyers following the introduction of the $15,000 state government handout on October 1, which only applies to buyers who buy or build a new home. BIS Shrapnel is now forecasting around 40,000 homes […]

Nathan Tinkler vs Mirvac scheduled for October showdown

Mirvac will seek to secure mining magnate Nathan Tinkler’s $17 million payment for a Newcastle industrial land purchase in a two-day court hearing next month. Mirvac and Tinkler are embroiled in the NSW Supreme Court legal stoush over an agreement to buy the land in the NSW Hunter region. The Mirvac company, Domaine Steel, has already successfully sued two of Tinkler’s companies, Ocean […]

WA and Queensland housing markets to get demographic boost, but four years of cloudy skies for Victoria: BIS Shrapnel

Immigration trends, vacancy rates, housing undersupply and employment prospects all favour Queensland and Western Australia to lead the next phase of housing market growth over the next two to three years, according to BIS Shrapnel. But the stars are not lining up in Victoria, with BIS Shrapnel’s team of forecasters and economists tipping up to […]

NSW bargain-hunters looking for discounted central coast property could find gold

Buyers fossicking for discounted properties might strike gold on the NSW central coast. Or even gold bullion bars on Forresters Beach. Six months ago a good Samaritan beachcomber found a gold bar worth $18,000 on Forresters Beach and turned it into the police.  Although the bar had a serial number, the police were unable to […]

Queensland and NSW dominate the RP Data suburb locations where it is cheaper to buy than rent

There are between 238 and 1,759 suburbs across Australia where it’s potentially cheaper to buy than rent, according to RP Data research. Queensland and NSW dominate the comprehensive list, as do regions over capital city suburbs. It’s the outcome of home values being 5.9% lower than their previous highs and rental rates having continued to […]

Nathan Tinkler must buy Mirvac Steel River land this week

Nathan Tinkler must complete a multimillion-dollar property purchase at Steel River this week. The purchase became known after the development company Mirvac took the Tinkler company to court after it failed to complete its promised purchase of the land in a contractual dispute. Tinkler had wanted the land parcel with Mayfield’s Steel River industrial park […]

Property investors guide to the suburbs dominated by tenants – highlighting private and government landlords

By Tim Lawless Friday, 20 July 2012 The proportion of dwellings that are rented has remained fairly consistent across Australia over the past decade, based on figures from the 2011 census. Rented dwellings comprised 27.6% of all occupied homes back in 2001; 10 years later the proportion had risen by only slightly more than one […]