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In December 2008, the federal government introduced legislation relaxing rules for foreign buyers of Australian property. 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.
The Domain Group is best known for its real-estate portal domain.com.au, which is Australia's second largest real-estate marketing business, with 90% market penetration. [14] It competes directly with market leader REA Group, running real-estate.com.au, which is majority-owned by Nine rival News Corp Australia. [15] [16]
On Aug. 17, rules surrounding real estate commissions are set to change thanks to a legal settlement between the National Assn. of Realtors and home sellers. Proponents hope the new rules will ...
As of July 2015, the Property Market in Sydney has surged in the first Q of 2015, up 3.1%. [12] Sydney's eastern and northern suburbs typically attract the highest prices, reflecting their desirability and premium location. [13] The annual capital growth for houses and units in Sydney is 4.2% and 3.8% respectively. [14]
Abacus Group is a ASX 200 public listed company that specialises in investing in Australian Real estate investment trusts with an investment portfolio concentrated in the Office and Self Storage sectors. They manage legacy investments in property developments.
In January 2017, REA Group acquired 14.7% of digital real estate marketing platform, Elara Technologies (Elara). [12] In June 2018, the company acquired 100% of Hometrack Australia, [13] a provider of property data services to the financial sector. In 2020, the company earned A$820.3 million in FY20 revenue. [14]
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Sydney is the capital city of the state of New South Wales and the most populous city in Australia and Oceania.Located on Australia's east coast, the metropolis surrounds Sydney Harbour and extends about 80 km (50 mi) from the Pacific Ocean in the east to the Blue Mountains in the west, and about 80 km (50 mi) from the Ku-ring-gai Chase National Park and the Hawkesbury River in the north and ...