The week that was in property

The week that was in property

National Australia Bank (NAB) this week released the results of their monthly business survey which showed business conditions softened over the month, continuing a trend that has been evident since July 2016. The business conditions index was down 2 points over the month to a reading of +5.3 after recording a recent high of +12…

Melbourne Housing Market Update [Video] - December 2016

Melbourne Housing Market Update [Video] – December 2016

Melbourne has finished November with the the lowest rental yielding market for houses, averaging 2.8%.  The soft performance across the combined capital city reading was attributable to a 1.5% fall in the Melbourne index, while all other capital cities recorded a positive month-on-month result. Delving into the Melbourne property market results in more detail showed that…

Australians the world's 2nd richest

Australians the world’s 2nd richest

Oz in second spot  Which are the wealthiest countries in the world? After Switzerland (US$562,000), comes Australia (US$375,600), according to the latest Credit Suisse Global Wealth Report. Australia actually scores higher still on a constant exchange rate basis at US$433,200. Second in the world, how about that? Spoiled Australians are in another world when compared…

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