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Australian property market. 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 Australian property bubble is the economic theory that the Australian property market has become or is becoming significantly overpriced and due for a significant downturn (also called a correction or collapse). Since the early 2010s, various commentators, including one Treasury official, [1] have claimed the Australian property market is ...
All Australian colonies (now states and territories) adopted the Torrens system of land registration of title between 1857 and 1875. The Torrens system was introduced first in South Australia by Sir Robert Richard Torrens, the Registrar-General of Deeds, through the Real Property Act 1858. [1]
A real-estate bubble or property bubble (or housing bubble for residential markets) is a type of economic bubble that occurs periodically in local or global real estate markets, and it typically follows a land boom. [1] A land boom is a rapid increase in the market price of real property such as housing until they reach unsustainable levels and ...
Home ownership in Australia decreased to 67% in 2011, the lowest level in over 50 years. Tasmania has the highest home-ownership rate at 70%, and the Northern Territory the lowest at 46%. [ 5] As of the 2016 Census, home ownership in Australia had decreased to 65%. [ 11]
Property law. 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.
Frasers Property Australia is a diversified property group with activities across Australia covering the development of residential land, housing and apartments, commercial, retail and property management. It is the Australian division of Frasers Property, a Singaporean multinational real estate and property management company listed on the ...
LJ Hooker is one of Australia's largest real estate groups, with 600 franchise offices and 6,000 people engaged in residential and commercial property sales and property management. [1] [2] The company was founded in 1928 by Sir Leslie Joseph Hooker and after being sold to a private company for 20 years, the company returned to family hands in ...