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According to FIRB (Foreign Investment Review Board) data released in August 2009, foreign investment in Australian real estate had increased by more than 30% year to date. One agent said that "overseas investors buy them to land bank, not to rent them out. The houses just sit vacant because they are after capital growth." [22]
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 ...
This is a list of countries, territories and regions by home ownership rate, which is the ratio of owner-occupied units to total residential units in a specified area, based on available data. [1] [better source needed]
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Melbourne hosts the Australian Open, the first of four annual Grand Slam tennis tournaments. Melbourne has long been regarded as Australia's sporting capital due to the role it has played in the development of Australian sport, the range and quality of its sporting events and venues, and its high rates of spectatorship and participation. [180]
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Harry Oskar Triguboff AO (born 3 March 1933) is an Australian billionaire real estate developer, and one of Australia's richest people. [1] [2] He is the founder and managing director of Meriton and is known as "high-rise Harry".
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