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Melbourne retains the crown of most liveable city

Melbourne retains the crown of most liveable city | Australian Real Estate | Scoop.it

With Vancouver slipping down the ranking slightly in 2011, Melbourne remains the most liveable location of the 140 cities surveyed, followed by the Austrian capital, Vienna...

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Alex Jacobsen's comment, October 12, 2012 2:15 AM
I actually found this to be quite surprising. Given how expensive it is to live in Melbourne, with home prices exceeding some in Sydney, I would think it would be hard to live there at all! Based on EIU's criteria, Melbourne outmatched the rest of the world in education, healthcare, general stability, and infrastructure. Melburners should be glad for this accomplishment: positive worldwide attention can only be a good thing, and this wonderful city deserves to grab the limelight for a time from Australia's better known city.
Johnny Presto's comment, April 19, 2013 5:04 AM
This may be one of the reasons why many investors prefer investing in real estate properties in Melbourne, Australia. There are many good opportunities in the place and the value of real estate properties continues to rise making it a good investment. Also agents must be very happy every time they succeed in Business sales. http://www.realprivate.com.au/
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Inner-Sydney enrolments keep on soaring - Sydney Morning Herald

Inner-Sydney enrolments keep on soaring - Sydney Morning Herald | Australian Real Estate | Scoop.it

Inner-Sydney enrolments keep on soaring, and the inner-Sydney family trend shows no sign of declining, with the number of preschool-aged children in Leichhardt growing by 83 per cent between 2001 and 2011, by 51 per cent in...

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Alex Jacobsen's comment, October 11, 2012 11:39 PM
A natural extension of the huge growth rate of the country, soaring primary school attendance is not at all surprising. What is surprising, is the movement from suburban areas to the more urban inner city of Sydney. We can partially attribute this to growing housing costs, which are forcing first time property buyers (those more likely to have younger children) to rent apartments downtown rather than mortgage a piece of land and a home. Commute is also likely a key factor, as those closer to the downtown area do not have to deal with the problem traffic, especially during the school pick up and drop off times (during which traffic slows to a standstill in many areas).
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Australia Consumer Confidence Rises as Rate Cut Spurs Housing - Businessweek

Australia Consumer Confidence Rises as Rate Cut Spurs Housing - Businessweek | Australian Real Estate | Scoop.it

Australian consumer confidence advanced after the central bank resumed reductions in the benchmark interest rate, as respondents indicated a willingness to enter...

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Alex Jacobsen's comment, October 12, 2012 1:47 AM
I found this information to be very interesting considering Australia's current economic and political climate. Australians are dealing with extraordinarily high prices on homes, so even this modest decrease in the benchmark interest rate should help alleviate the cost of new loans for homes. However, this should also be taken into account with the fact that more Aussies are moving towards city centers, so the decrease may only have a marginal effect on suburban home purchases. An ideal outcome would see new homes being constructed across the board, both in suburban and urban areas, with contractors taking advantage of cheaper capital, and buyers taking advantage of cheaper mortgages. Only time will tell if this cut will have the desired effect on the real estate market.
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Melbourne doctor leads global stroke group - Ninemsn

Stephen Davis, a professor of neuroscience at the University of Melbourne and Royal Melbourne Hospital Director of Neurology, was announced as the organisation's head on the eve of the eighth World...

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Australia's largest solar farm opens amid renewable target debate - Reuters

Australia's largest solar farm opens amid renewable target debate - Reuters | Australian Real Estate | Scoop.it

Australia switched on its first utility-scale solar farm on Wednesday, bringing the country a small step closer to achieving ambitious ...

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Too sexy or too much? Verdict on Sydney's newest hotel - The Age

Too sexy or too much? Verdict on Sydney's newest hotel - The Age | Australian Real Estate | Scoop.it

You know a hotel is going to be a bit on the kooky side when you're met at the door by a staff member with the title "Director of Chaos".

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Alex Jacobsen's comment, October 11, 2012 11:55 PM
A perfect example of the metropolitan nature of Sydney, a hotel like this would have a much harder time existing, let alone getting started virtually anywhere else. Although I don't expect Australians to directly benefit from the hotel, Sydneysiders can hope that such a unique accommodation will draw more tourism, further energizing their service economy.
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Australia attracts record tourist traffic in Aug - Reuters

Oct 9 (Reuters) - Australia attracted a record number of tourists in August as a flood of visitors from China defied the high local dollar, helping support...

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Students target of real estate con artists - Sydney Morning Herald

Students target of real estate con artists - Sydney Morning Herald | Australian Real Estate | Scoop.it

FAKE ads are being placed on real estate websites with Australians and international students forking out deposits for homes that do not exist.

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The WestConnex motorway project - Sydney Morning Herald

The WestConnex motorway project - Sydney Morning Herald | Australian Real Estate | Scoop.it
Express Advocate WyongThe WestConnex motorway projectSydney Morning HeraldSince Sydney was settled, they've been trying to make Parramatta Road flow free.
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Alex Jacobsen's comment, October 12, 2012 2:02 AM
It's the dark side of Sydney that none of the cheery realtors trying to sell you a home in Parramatta will let you know about: traffic is absolutely atrocious. Aussies are well aware of the standstill that locks up the lanes as you go towards downtown, averaging speeds of around 26 km/h (16 mph). The mass of establishments that line the road make it prohibitive for Infrastructure NSW to expand the road or re-route it, and so for the foreseeable future, commuters will either have to deal with the traffic, or find alternative routes.
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Sydney stocks buoyed by rate cut - Financial Times

Sydney stocks buoyed by rate cut - Financial Times | Australian Real Estate | Scoop.it

Sydney stocks buoyed by rate cut. Indeed, Sydney's S&P/ASX 200 index outperformed the Asia Pacific region, climbing 1 per cent to 4,433 as resource stocks rose to the top.

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6 Tips for Investing in Real Estate - U.S. News & World Report

If you're fed up with the paltry returns you get on bonds, the insulting interest rates paid by banks, and the frenetic fits of the stock market, you might consider turning to rental...

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Johnny Presto's comment, April 19, 2013 5:12 AM
Investing in real estate properties is a challenging task. These tips are very helpful when you decide to buy property Australia. You can guarantee to gain a lot of benefits in choosing the right property for you. http://www.realprivate.com.au/buy/
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Reserve Bank of Australia best placed to move to new world - Herald Sun

AN official interest rate cut will be "live" at the Reserve Bank's meeting on Tuesday.

That makes a rate cut very likely, indeed almost certain; and if we get one, it will be 25 points. The big banks would also be likely to pass on such a cut in full and that would mean about $50-60 off monthly repayments on the average home loan.

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Close ties create storm as ASIC takes on banks

Close ties create storm as ASIC takes on banks | Australian Real Estate | Scoop.it
STORM Financial had such a tight relationship with banks that it was able to secure a range of discounts and even the waiver of credit checks for its clients, a Federal Court in Brisbane heard yesterday.
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Shutdown ... instead of a second harbour crossing, the Infrastructure NSW ... - Sydney Morning Herald

TRAIN services into central Sydney would be shut for months and restricted for years under plans by Infrastructure NSW to avoid...

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Alex Jacobsen's comment, October 12, 2012 1:07 AM
I can understand both sides of the debate here. Many Sydneysiders are opposed to creating more harbour crossings, as it would impact the look of the harbour and would just put off the real problem with the efficiency of the existing infrastructure. Regardless of what the local government thinks of the plan, however, it would appear Infrastructure NSW has the authority to force the infrastructure revamp, which will likely cause delays in train services, and possibly even closure of some important stations for months.
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NetSuite Brings SuiteCommerce To Australia - The Herald | HeraldOnline.com

NetSuite Brings SuiteCommerce To Australia - The Herald | HeraldOnline.com | Australian Real Estate | Scoop.it

SuiteCommerce is integrated with most major and regional carriers such as Australia Post, DHL, Startrack, Toll, and TNT, and many others, to generate real-time rates, print shipping...

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Alex Jacobsen's comment, October 12, 2012 12:03 AM
About time. Although Australia is on the forefront of much of the economic vitality of the southeast Asian economy, Australians have suffered from a lack of effective cross-platform digital commerce utilities. In this age of digital services and commerce, it goes to show how isolated Australia still is from the rest of the world when such a behemoth in eCommerce as NetSuite had yet to deploy in Australia until such a late date.
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'We don't want canyons': Doyle slams 'arrogant' Tower Melbourne developers - The Age

'We don't want canyons': Doyle slams 'arrogant' Tower Melbourne developers - The Age | Australian Real Estate | Scoop.it

Melbourne lord mayor Robert Doyle says a proposed 220-metre building in the CBD is too big and it is "arrogant" for apartments to have already been sold despite...

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Alex Jacobsen's comment, October 12, 2012 1:28 AM
In what seems to be an uncharacteristic move for the 'pro-development' mayor of Melbourne, the city council is looking to prevent the new Tower Melbourne from being constructed. Australia has recently been experiencing a slowdown in construction, which has ballooned home prices, particularly in Melbourne. In order to help make residence more available to those who would like to move to Melbourne, new construction must be allowed to proceed, and just because of the issues the mayor has with the size and styling of the building should not be a problem.
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New Zealand Dollar Down Late as Australia Dollar in Favor - Wall Street Journal

New Zealand Dollar Down Late as Australia Dollar in Favor - Wall Street Journal | Australian Real Estate | Scoop.it

ASB Head of FX Institutional Sales New Zealand Tim Kelleher said the New Zealand dollar had moved lower against the Australia dollar over the last two days as...

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Sydney-Canberra flights will end if fast rail arrives: report - The Age

Sydney-Canberra flights will end if fast rail arrives: report - The Age | Australian Real Estate | Scoop.it

This is the view of the Canberra Airport, which is issuing the report on the impact of a second Sydney airport not being built, which is based on the ''High Speed Rail Study...

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Alex Jacobsen's comment, October 12, 2012 12:13 AM
This is of tremendous importance for those already living in Australia and to those who would want to move to Sydney. It is well known that Sydney International Airport is overwhelmed, and that the overland commute to Canberra is excessive (on the order of 3-4 hours). A new high-speed rail line would alleviate both of these issues, allowing commuters from Canberra and Sydney to reach their destination in as little as 57 minutes. By removing flights from Canberra to Sydney, and by allowing overflow passengers at Sydney airport to go to Canberra's airport, load can be reduced.
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Asian Shares Mixed, Sydney Hits 14-Month High - Wall Street Journal

Asian Shares Mixed, Sydney Hits 14-Month High - Wall Street Journal | Australian Real Estate | Scoop.it

Asian stocks were mixed early Tuesday, as Australia hit a fresh 14-month high, while a stronger yen weighed on the Japanese market.

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Risk assessors take to Sydney beaches - Herald Sun

Risk assessors take to Sydney beaches - Herald Sun | Australian Real Estate | Scoop.it

More than 220 NSW beaches and headlands, including popular Sydney beaches Coogee and Maroubra, will be targeted in a state-wide project to assess how safe swimmers are when they paddle out to sea.

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Alex Jacobsen's comment, October 11, 2012 11:49 PM
Australians obviously love the beaches, and want to keep that element of their recreation safe and fun. I think this article just goes to show how integral the beach is to the coastal Australian's lifestyle, but also just how dangerous the beach can be, even to those accustomed to it. This knowledge is even more important for those seeking to move to Australia, as they may not know just how dangerous rips and rocks can be.
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Planes, taxis and ants - Sydney is in chaos - Herald Sun

Planes, taxis and ants - Sydney is in chaos - Herald Sun | Australian Real Estate | Scoop.it
Planes, taxis and ants - Sydney is in chaosHerald SunA SEA of brake lights, a nation of flights held up by the Sydney Airport curfew, and a train network that can collapse with something as small as a broken pipe - a new documentary reveals...
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Kennett calls for Melbourne subway system - The Age

Kennett calls for Melbourne subway system - The Age | Australian Real Estate | Scoop.it

Kennett calls for Melbourne subway system, but Daniel Bowen, president of the Public Transport Users Association, said Melbourne did not need to build a network of train tunnels to have efficient public transport ...

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As China's economy slows, real estate bubble looms - Washington Post

As China's economy slows, real estate bubble looms - Washington Post | Australian Real Estate | Scoop.it

As China's economy slows, real estate bubble looms. But as the country's economy slows to its worst pace in years, China's dependence on real estate for growth — it's a bigger driver than even exports now — has put the government in a...

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Alex Jacobsen's comment, October 12, 2012 1:12 AM
This could be a real boon to Australian real estate and financial markets: as confidence in Chinese property dwindles, investors and businesses will likely look to the strong property assets of Australia as bases for enterprise in the southeast Asiatic region. Immigration will likely also be influenced, as those looking to cash out, in what may be the high point in a Chinese real estate bubble, move elsewhere.
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Buyer to pay $68m for Palazzo Versace

Buyer to pay $68m for Palazzo Versace | Australian Real Estate | Scoop.it
A HONG Kong-based buyer has snapped up Australia's biggest property fashion statement, Palazzo Versace Hotel.
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What America Can Learn from Australia's New Clean Energy Future Package - ThinkProgress

What America Can Learn from Australia's New Clean Energy Future Package - ThinkProgress | Australian Real Estate | Scoop.it

One of world's most carbon-intensive countries, recently began implementing a comprehensive national policy to address climate change ...

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Alex Jacobsen's comment, October 9, 2012 4:03 PM
I think this really demonstrates Australian's multiculturalism as well as the much more liberal stance of the government as compared to the United States. Although there are many pragmatic reasons for addressing climate change (such as sea level rise inundating Sydney), part of the support for this bill comes from the idea that Australians come from all over the world, and climate change affects everyone. This, coupled with the liberal stance of the government, eased the passing of the bill.