Property News

Melbourne's next container port should be built near Geelong but Infrastructure Victoria says the $6 billion facility won't be needed until 2055.

It may be mid-May, a period when activity in Australia’s property market typically slows down, but that’s not the case this year. Thousands of properties will go under the hammer this weekend, providing the latest litmus test of buyer demand.

The government says the much-touted Eastern Economic Corridor (EEC) is ready to be an important part of China's One Belt, One Road initiative, which envisions connectivity between China and Eurasia.

The rapidly growing China/Russia Trade deals will drive economic growth throughout ASEAN, Thailand with it’s strong manufacturing and agricultural base is one of the countries with the most to gain in the changing nature of global trade.

A total of 10,380 condominium units were launched in Bangkok in the first quarter of 2017, which was dramatically less than in the fourth quarter of 2016, largely because some developers continued to lack confidence in the market. However, the fourth-quarter figure was unusually high compared with the previous few years because some units were launched as new projects in that period.

December is the holiday season for many people who take time off from work, travel and spend time with family. For many business, it’s the slow time of the year. However, with interest rates rising, home buyers this past December were in a hurry to lock in a mortgage rate. The housing market became so tight in December 2016 that the months of supply fell to 4.1 months, the lowest for a December since 2000. That means that it would only take four months to sell all the existing houses listed for sale at the December sales pace. The December 2016 supply was about one quarter of the peak level of 16.2 months in January 2008, but higher than the trough of 3.5 months in June 2000.