News
Australia home prices suffer steepest fall in 3" years as rates burst bubble
2+ hour, 3+ min ago (516+ words) Sydney and Melbourne lead the monthly decline with drops of 1. 2% and 1%, respectively [SYDNEY] Australian home prices suffered their steepest fall in three-and-a-half years in June as a record housing boom succumbed to higher borrowing costs, while a tax clampdown on…...
Australia home prices may fall up to 8% after surging for years
5+ day, 8+ hour ago (344+ words) [SINGAPORE] Australian home prices could fall as much as 8 per cent from their peaks, as higher interest rates, weak consumer sentiment and tax changes take some steam out of one of the world's most expensive real estate markets. "The national…...
Australia's housing slump wipes US$128 billion off top two markets
5+ day, 13+ hour ago (537+ words) This is likely to weigh on the wealth effect that underpins consumer spending [SYDNEY] Australia's housing downturn has wiped US$128 billion off the value of the nation's top two markets so far this quarter, a result that's likely to weigh…...
Cuscaden Peak sells 50% stake in South Australia mall for US$469 million
2+ week, 5+ day ago (584+ words) Westfield Marion Shopping Centre is last piece of the Paragon Reit portfolio to be sold [SINGAPORE] Cuscaden Peak Investments has sold its 50 per cent freehold interest in South Australia's Westfield Marion Shopping Centre to Hong Kong-based private equity firm JY…...
Morgan Stanley Australia CEO warns of weaker property market
2+ week, 6+ day ago (396+ words) The tax changes are designed to lower the barriers for first-time buyers to enter one of the world's least affordable housing markets [MELBOURNE] Tax changes for property investors in Australia could trigger a property market downturn at a time when…...
A sip of heritage at Canning Bar & Lounge
2+ mon, 3+ week ago (929+ words) The colonial-style lobby bar at Mett Singapore offers tipples with spices from its lush surroundings [SINGAPORE] Within Fort Canning Park, a colonial-era building houses an elegant lobby bar that provides a quick retreat from the hustle and bustle of the…...
Sydney, Melbourne home prices decline as affordability bites
2+ mon, 4+ week ago (506+ words) Sydney fell 0. 1% while Melbourne declined 0. 2% [SYDNEY] Home values in Australia's two largest cities, Sydney and Melbourne, declined in March as rising borrowing costs at already-elevated prices hurt affordability while growth momentum eased elsewhere. Sydney fell 0. 1 per cent while Melbourne declined…...
About 60, 000 users still hit by Singtel-owned Optus" mobile service outage
4+ mon, 3+ week ago (143+ words) About 120, 000 users affected by Singtel-owned Optus" mobile service outage'The Business Times About 60, 000 users still hit by Singtel-owned Optus" mobile service outage Majority of customers have restored their services after restarting their phones, says Optus spokesperson [SINGAPORE] After several hours of…...