At its meeting today, the Board decided to lower the cash rate by 25 basis points to 4.25 per cent, effective 7 December 2011. Growth in the global economy has moderated this year after a strong performance in 2010. Some of the slowing reflected temporary factors, and as these passed, the pace of expansion in…
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However, with continued trends in renovation, expanding family requirements, and the pressures of drought, the heritage value of our gardens is at risk. The problem today is that when it comes to the marriage of period architecture and garden style, many gardeners simply become unstuck. Edwardian period of gardening (1901-1914) The Edwardian period saw the…
Rents for two- and three-bedroom homes in Sydney’s inner suburbs have leapt in recent months, a clear sign the dampening effect of the global financial crisis has ended. NSW Housing’s rent and sales report reveals rents of two-bedroom homes in inner suburbs including Ashfield, Botany Bay, Lane Cove, Leichhardt, Marrickville, Mosman, North Sydney, Randwick, Sydney…
Reserve Bank governor Glenn Stevens has said housing prices are nothing to be worried about, telling a business lunch yesterday prices in the current residential property market are “not exceptional by global standards”. But his comments come as new data from the ABS and property research RP-Data have found that home sales dropped by 20%…
Attractive rental yields and flat property prices are expected to entice investors back into the market throughout the remainder of 2011. According to First National Real Estate’s mid-year market update, which surveys agents across its 450 plus offices, 2011 is set to become the year of the investor, with conditions prime for their return. “The…
As part of the valuation process, valuers on behalf of the Valuer General undertake ongoing analysis of the NSW property market. Property sales are the most important factor considered by valuers when determining land values as at 1 July each year. While the NSW property market has generally been stable, local sale prices have shown…
Travel bible Lonely Planet has listed the destination in its Best in Travel 2011 book, which picks the top trends, destinations and experiences for the coming year. Albania was rated number one in the top 10 countries for next year, thanks to its azure beaches, cuisine, heritage sites, nightlife and affordability. It was followed by…