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Australian property market. The weighted capital city residential property price index, produced by the Australian Bureau of Statistics, since 2003. The Australian property market comprises the trade of land and its permanent fixtures located within Australia. The average Australian property price grew 0.5% per year from 1890 to 1990 after ...
Peet Limited ( ASX : PPC) is an Australian real estate development company focused on creating masterplanned residential communities and medium density and apartment developments for homebuyers across Australia. The group has operations in Western Australia, New South Wales, Victoria, Queensland, South Australia, ACT and the Northern Territory.
v. t. e. Torrens title is a land registration and land transfer system, in which a state creates and maintains a register of land holdings, which serves as the conclusive evidence (termed "indefeasibility") of title of the person recorded on the register as the proprietor (owner), and of all other interests recorded on the register.
A property bubble is a form of economic bubble normally characterised by a rapid increase in market prices of real property until they reach unsustainable levels relative to incomes and rents, and then decline. Australian house prices rose strongly relative to incomes and rents during the late 1990s and early 2000s; however, from 2003 to 2012 ...
In the late 2000s, private housing prices in Australia, relative to average incomes, were among the highest in the world, prompting speculation that the country was experiencing a real estate bubble similar to many other countries. As of February 2007, mortgage debt was equivalent to 80% of Australian GDP.
Victoria adopted the system with the Real Property Act 1862, and New South Wales with the commencement of the Real Property Act 1862 on 1 January 1863. Most land in Australia is now held under the Torrens system, although remnants of the old system of land title still remain, called “general law land”.
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