Graeme Winser
@Opteonproperty
Australia's property advisors. Specialist valuers and quantity surveyors. 61 offices around Australia
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ABS Stats show Building Approvals fall in January http://skynews.com.au/businessnews/article.aspx?id=584475&vId=
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RBA keeps interest rates on hold. At it's meeting today the Reserve Bank resolved to maintain the current cast rate at 4.75%
Greens demand of 25% social housing in all new NSW developments has been roundly denounced by many in the property sector.
1st luxury Brisbane riverfront home (Chelmer) sells for $5m+ despite suffering some flooding.The result is a promising sign for the market!
Some more mind blowing social media stats http://bit.ly/hqYLIT
As Australian listed property trusts move through reporting season there have been very mixed results. Fair value write downs have hit some
QLD Valuer-General Neil Bray has recommended a delay to statutory valuations which were scheduled to be declared by 31/3/11due to floods etc
Australian Bureau of Statistics Building Approval data show that the total number of dwellings approved in December 2010 rose 8.7%
RT @NASA: Tropical Cyclone Yasi satellite view of the spiraling storm. http://go.usa.gov/YRr << Amazing images
Some low lying areas of Mackay QLD have now been evacuated due to Tropical Cyclone Yasi.
The Reserve Bank of Australia announces that the Official Cash Rate will remain unchanged. Cash Rate remains at 4.75%;
Keep up to date with Cyclone Yasi details on www.bom.gov.au or follow Townsville City Council on @TCC_News
Valuation delays as Cyclone Yasi approaches Far Noth QLD. As Townsville council issues alerts, access delays will be inevitable.
Many predicting value drops in Flood areas. They should note market behaviours post other natural disasters like Newcastle EQ/Black Saturday
With flooding now affecting Northern Vic, NSW & QLD localised valuation dlays can be expected. Please call Head Office for any queries.
Flooding in QLD causes localised valuation delays at Opteon's Maryborough QLD branch . Call head office with any queries.
The IMF has warned that housing prices in Australia are overheated by as much as 10%. What do you think?
New Govt in Victoria will lead to stamp duty savings for 1st homebuyers. Will this kick start the bottom end after sluggish start to spring?
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