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Australian property market. The weighted capital city residential property price index, produced by the Australian Bureau of Statistics, since 2003. 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 ...
A real-estate bubble is a form of economic bubble normally characterised by a rapid increase in market prices of real property until they reach unsustainable levels relative to incomes and rents, and then decline. Australian house prices rose strongly relative to incomes and rents during the late 1990s and early 2000s; however, from 2003 to ...
Victoria adopted the system with the Real Property Act 1862, [2] and New South Wales with the commencement of the Real Property Act 1862 on 1 January 1863. [3] Most land in Australia is now held under the Torrens system, although remnants of the old system of land title still remain, called “general law land”.
In the late 2000s, private housing prices in Australia, relative to average incomes, were among the highest in the world, prompting speculation that the country was experiencing a real estate bubble similar to many other countries. As of February 2007, mortgage debt was equivalent to 80% of Australian GDP.
Real estate advertising. Revenue. A$ 928 million (2021) [1] Website. www .rea-group .com. REA Group Ltd and its subsidiary companies, known as the REA Group, make up a global online real estate advertising company. REA Group is headquartered in Melbourne, Australia, with subsidiary offices in Wanchai, Hong Kong and Gurugram, India. [2]
Australian property legislation. Australian property legislation refers to the different schemes of regulating property rights between each jurisdiction of the states and territories in Australia; combining legislation and receptive of common law. Despite differing statutes, the substantive effect in each jurisdiction is quite similar.
Victoria, commonly abbreviated as Vic, is a state in southeastern Australia. It is the second-smallest state (after Tasmania), with a land area of 227,444 km 2 (87,817 sq mi); the second-most-populated state (after New South Wales), with a population of over 6.7 million; [4] and the most densely populated state in Australia (29.5 per km 2). [10]
Peet Limited ( ASX : PPC) is an Australian real estate development company focused on creating masterplanned residential communities and medium density and apartment developments for homebuyers across Australia. The group has operations in Western Australia, New South Wales, Victoria, Queensland, South Australia, ACT and the Northern Territory.