Bright lights, big city
Article Abstract:
Central business districts have allured buyers because they serve as the focal point of people's lives. The inner residential markets in Sidney have experienced a down turn of almost 20%, although project developers deny a serious weakening in the market. Developers in Melbourne say their market is solid. Many of the relatively affordable properties are back on the market and demand for purchase is high.
Publication Name: Personal Investment
Subject: Personal finance
ISSN: 0813-2992
Year: 1998
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Suburban offices challenge CBSs
Article Abstract:
The demand for commercial property, even secondary quality property, nestled on the fringe of Melbourne and Sydney is rising. The demand is riding the heels of stalled construction activity since the late 1980s and a vacancy rate from 3 percent in inner-eastern Hawthorne to zero in Sydney's North Shore and eastern suburbs. New building construction will be the strongest on Melbourne's south-east side.
Publication Name: Personal Investment
Subject: Personal finance
ISSN: 0813-2992
Year: 1998
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Fifteen years of living dangerously
Article Abstract:
The Australian property market since 1983 has experienced a period of volatility and tumultuous cycles. However, in 1998, the property market is entering a new cycle of confidence. The boom has generated much development and construction in Melbourne, Sydney, and cities previously neglected. Investor reaction to these developments is not fully realized yet.
Publication Name: Personal Investment
Subject: Personal finance
ISSN: 0813-2992
Year: 1998
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