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Taiwanese investors snap up winery

October 9, 2017

The Australian Financial Review

Taiwanese private investors have snapped up one of the Hunter Valley’s prized vineyards, the Iron Gate Estate in Pokolbin for between $6.5 million and $7 million. The architect-designed 16-hectare estate with 10 hectares of vines, a cellar door, 200-tonne commercial winery, established olive grove and Mediterranean-style mansion was offloaded by winemaker Roger Lilliott, who planted […]

Iris Plans Larger Residential Developments

July 1, 2017

The Australian Financial Review

Sydney developer and hospitality group Iris Capital is considering a move into larger-scale residential developments, banking on strong demand from homebuyers in the capital city and regional centres. The developer has also been buying retail and hospitality investment opportunities, swooping on the $20 million heritage building with retail tenancies next to the MLC Centre in […]

NSW Farm Sales Showing Price Growth: Low Interest Rates, Confidence Fuel Sector

May 18, 2017

Australian Property News The Australian Financial Review

More than $25 million of rural property has been sold in northern NSW in the past few weeks showing further increase in land values fuelled by low interest rates and confidence in the sector. Andrew Street of Landmark Harcourts Gunnedah recently sold more than $7.9 million of property, including Lalagooli and Lalagooli West in Gunnedah. “The […]

Chinese Back Amid New Hunter Valley Trophy Listings

January 24, 2017

Australian Property News The Australian Financial Review

Chinese investors are back seeking trophy vineyard properties in the NSW Hunter Valley, but are being out-muscled by quicker-acting local buyers. This is the view of veteran Hunter Valley real estate agent Alan Jurd, who has sold the famous wine region’s last two trophy vineyard estates – Loggerheads and Hungerford Hill – to Australian buyers. […]

Kirby family sells Hungerford Hill

October 31, 2016

Australian Property News The Australian Financial Review

The Kirby family has sold its Hungerford Hill boutique winery and vineyard in Pokolbin in the Hunter Valley for more than $6 million. The 22-hectare property, renowned as much for its architecture as for the premium wines it produces, is understood to have been acquired by Sam Arnaout, who runs Sydney-based pub group and developer […]

Rural trophy properties to whet city buyer appetites in spring

September 14, 2016

Australian Property News The Australian Financial Review

Rampant house price growth in Sydney and Melbourne is expected to fuel better demand for rural estates in places like the Southern Highlands, the Hunter Valley, Mornington Peninsula and Daylesford this spring selling season. Home owners who have cashed out at record prices in Mosman and Toorak and seek a quieter country lifestyle should have […]

The billionaire who bought Australia's most expensive home

August 7, 2015

The Australian Financial Review

Chinese-Australian billionaire Chau Chak Wing paid about $70 million for La Mer, James and Erica Packer’s Vaucluse six-storey mansion, beating the $52 million paid in 2013 for another house in Sydney’s eastern suburbs, the Point Piper mansion Altona, and setting an Australian record. Real estate agents said Chau has picked up one the last few very expensive mansions for sale in Sydney. “All the top end are gone. There is still the 7000-square-metre owned […]

Investment property lending reaches record $153.5b in year to June

August 7, 2015

The Australian Financial Review

Australian banks lent a record $153.5 billion to investors in the year to June as cheap debt and the fast-rising housing market drew boosted demand for credit. Investment loans rose nearly 25 per cent on the 2014 figure of $123.3bn, Australian Bureau of Statistics figures on Friday showed. There were signs, however, that growth in […]

Housing glut by 2018, BIS report warns

July 20, 2015

The Australian Financial Review

Australia’s biggest-ever house-construction boom has peaked, and not even a slowdown in new housing starts will prevent the country from running into a net surplus in three years’ time. The national undersupply, which peaked at 108,000 homes last financial year, will fall into a net glut of over 12,000 dwellings in the year to June […]

Renting will be more common in Sydney: Liberal MP

June 16, 2015

The Australian Financial Review

Renting will increasingly become a way of life for Sydneysiders as rates of home ownership fall to similar levels as New York and London, according to a Liberal MP who lives near Canberra. “We can’t keep thinking that in an international city – with all of its associated expenses and population pressures – that you […]

Investors driving world property market values to hit $US13.6tn

June 16, 2015

The Australian Financial Review

The total value of the world’s property markets hit a record high of $US13.6 trillion in 2014, up 4 per cent year on year, as investors poured cash into real estate assets around the world. Buyers spent $US771 billion on real estate deals in 2014, just short of the previous record set before the global […]

How the rich invest: forget the industry you made money in, pile into property

June 16, 2015

The Australian Financial Review

Forget sticking to the industry you know best and reaping the long-term rewards. Pile into the property sector and make big money while the market booms. No, it isn’t a line from a property spruiker presentation. It is a strategy an increasing number of BRW Rich Listers are pursuing, taking the big bucks they’ve already […]

China is Australia's biggest foreign investor after $12b property splurge

May 1, 2015

The Australian Financial Review

China has become Australia’s biggest source of approved foreign investment for the first time after a $12.4 billion splurge on real estate last financial year. Chinese investors planned to spend $27.7 billion here according to the Foreign Investment Review Board annual report, issued Thursday, overtaking United States investors who were approved to spend $17.5 billion. […]

Want to tax foreigners more? Try land tax, says Treasury

April 8, 2015

The Australian Financial Review

SOURCE: Australian Financial Review WRITTEN BY: Fleur Anderson Australia’s most efficient tax is not the GST but a broad-based tax on landowners regardless of whether it a suburban block or a sprawling pastoral estate, according to Treasury economists. An analysis of five major Australian taxes by eight economists from Treasury’s Macroeconomic group and Treasurer Joe […]

Property owners in Australia pay more tax than most in the OECD

April 4, 2015

The Australian Financial Review

Land tax, broadened to include a far wider range of owners, and without the plethora of current exemptions, looms as a possible outcome of national tax reform. The Australian government’s Tax Discussion Paper, released Monday, found that taxes on property – stamp duty and land tax – contribute 9 per cent net of the total […]

Superannuation savings used for house purchases works in Singapore

March 11, 2015

The Australian Financial Review

Junice Liew, a Singaporean resident, is looking to purchase her first property in the city state. With house prices the way they are, fortunately the 40-year-old marketing manager is able to tap her Singaporean superannuation savings to help put down a deposit. Singaporeans typically contribute 20 per cent of their salary into super, while employers […]

Outrage at PM's move to hit foreign property buyers with $10,000 fee

March 2, 2015

The Australian Financial Review

The federal government faces a backlash from the property sector over plans to charge foreign homebuyers a tax of up to 1 per cent tax to fund the scrutiny of purchases by the Foreign Investment Review Board. Declaring the changes necessary to ensure the “Australian dream” of home ownership could continue, Prime Minister Tony Abbott […]