Australian property boom kicks off 2010

Australian house prices rose last quarter by the most since 2003, and combined with the expansion of the manufacturing sector the central bank may have to extend a record round of interest-rate increases. Economists are expecting Reserve Bank Governor Glenn Stevens to extend the benchmark lending rate, which reached 3.75 […]

Rules Eased for the Purchase of Property by Temporary Residents of Australia

The Australian Government has announced a relaxation in its policy affecting the purchase of real estate by temporary residents living in Australia. Currently, all temporary residents and non-residents (including businesses) must notify the Australian Government through the Foreign Investment Review Board of their intention to acquire residential real estate, and […]

Perth Rentals increasing by 20% a year

I’ve written quite a bit about the state of the Western Australian housing market of late. According to a recent report published by the Real Estate Institute of Australia, paying weekly rent was now a major financial headache for many WA renters. According to the report the average median rent […]

We own a house!

It’s happened, we finally own our own bricks and mortar here in Australia. We got the call from our conveyancers that the settlement had been completed just after lunchtime yesterday. What a relief that was! We picked the keys up and it felt so great unlocking the door and setting […]