Lest we forget…
Sunday is Remembrance Day, marking the end of WWI. In property news, values continue to waver; what makes a room ‘work’; and the winner of the People’s Choice Award for Residential Architecture…
Reserve holds its horses
It was always going to be a safe bet, and sure enough, the Reserve Bank of Australia pulled it off on Tuesday with another month of staying ‘mum’ on the official cash rate.
As horses gathered and punters took their chances, the bank’s Board elected to leave the cash rate at 1.50 per cent, as it has been for over two years.
Values cooling in some markets
Dwelling values continued to fall across Sydney, Melbourne and Perth in October, pushing national figures down over the month.
Corelogic’s hedonic home value index for October 2018 recorded a fall of 0.5 per cent in values nationally, taking the annual decline across the national index to 3.5 per cent, signaling the weakest market conditions since February 2012.
What makes a room ‘work’?
From time to time, we’ve all been in a room and thought that it could work better with this or that changed. Or we’ve walked into a friend’s house and been instantly impressed with the way it looks and feels.
So just what is it that makes a room ‘work’?
The popular winner is…
In case you were one of the many thousands of Australians who voted for their favourite entry in the 2018 National Architecture Awards People’s Choice category, you might be interested to know that the winning entry was Cabbage Tree House by Peter Stutchbury Architecture (NSW). Image: Michael Nicholson
Calls for holistic approach to property tax
Industry bodies have this week ramped up demands for a more holistic approach to negative gearing and capital gains tax on property.
The Real Estate Institute of Australia (REIA), Master Builders Association (MBA) and the Housing Industry Association (HIA) are asking government bodies to have a clear understanding of the economic impacts of changes to current arrangements for property taxes...
I’d like to be, under the sea
Years ago, we wrote about an amazing underwater hotel planned for the Maldives. As with so many buildings that demand ingenuity and skill to construct, it has taken a while, but is finally opened to the public, as part of the Conrad Maldives Rangali resort.
The two-storey construction was built (on land) in Singapore then transported to the Maldives by ship. Once lowered into the water, it was secured into place with concrete pylons to prevent shifting in rough waves or at high tide.