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The Head of Australian economics at National Australia Bank admits "This is a shocker". [50] April - Rules allowing foreign investment in real estate that were introduced in 2008 are withdrawn. Temporary residents are required to sell their Australian property when they leave Australia. [51]
A religiously motivated terrorist attack in Australia on 12 December 2022, where two police officers and a neighbour were killed at a rural property in Wieambilla, Queensland. The shootings were carried out by three brothers, who were also killed by police, after a welfare check and a warrant related to a missing person case.
Home ownership in Australia is considered a key cultural icon, [1] and part of the Australian tradition known as the Great Australian Dream of "owning a detached house on a fenced block of land." [ 1 ] [ 2 ] Home ownership has been seen as creating a responsible citizenry; according to a former Premier of Victoria : [ who?
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 inflation, [1] however rose from 1990 to 2017 at a faster rate. House prices in Australia receive considerable attention from the media and the Reserve ...
The Australian residential property market is the section of the Australian property market that provides rental properties by landlords to tenants. In Australia 31% of households rent their residences. [1] The vast majority rent from private landlords, and a small minority rent from public housing authorities.
Harry Triguboff is the founder and managing director of Meriton, Australia's biggest residential property developer. As of May 2023, he is the fourth richest Australian by net worth, estimated at A$ 23.80 billion, according to The Australian Financial Review.
Australian property law, or property law in Australia, are laws that regulate and prioritise the rights, interests and responsibilities of individuals in relation to "things" (property). These things are forms of "property" or "rights" to possession or ownership of an object.
REA Group is a public company listed on the Australian Stock Exchange, majority-owned by News Corp Australia. It operates in Australia, Asia and North America, and has acquired or invested in various real estate websites and platforms since 1995.
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