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The Australian residential property market is the section of the Australian property market that provides rental properties by landlords to tenants. In Australia 31% of households rent their residences. [1] The vast majority rent from private landlords, and a small minority rent from public housing authorities.
The property prices are soaring in major cities like Sydney, Melbourne, Adelaide, Perth, Brisbane and Hobart. [3] The median house price in Sydney peaked at $780,000 in 2016. [4] However, with stricter credit policy and reduced interest from foreign investors in residential property, prices have started falling in all the major cities.
This article does not include suburbs and localities within the Adelaide Hills region. Adelaide's most expensive properties, in terms of sales prices, are mainly located in the inner northern, eastern and southern suburbs, largely because of their proximity to the city centre and private schools, and the array of historic homes within them.
According to the 2006 census, Australia's public housing stock consisted of some 304,000 dwellings out of a total housing stock of more than 7.1 million dwellings, or 4.2% of all housing stock [3] (compared with 20% in Denmark, 46% "low rent housing" in France and 50% public housing in the UK at peak).
Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monitored, with accountability for and attention to its useful life and condition.
Raywood, formerly named Arbury Park, is a property in the Adelaide Hills, South Australia.The 17-room Georgian-style house was constructed in 1935 to designs by Kenneth Milne for noted South Australian and Federal politician, Sir Alexander Downer, who built the house and developed the formal garden as a setting akin to an English estate.
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Meriton is an Australian property developer and construction company [1] established in 1963. Meriton builds and sells apartments, and also operates serviced apartments as temporary and long-term accommodation under its Meriton Suites brand in Sydney, Brisbane and the Gold Coast.
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