Walking house takes a stroll
A walking house designed by Danish art collective N55 explores nomadic living in the 21st century.
Donna Lynas, Director of Wysing Arts Centre in the UK which commissioned the project says the house is inspired by a utopian idea of the future where the whole world would be free to roam. The Cambridgeshire-based centre has explored ideas of neighbourliness and lifestyles in a series of projects called ‘Communities Under Construction.’
Walking house takes a stroll
{ 0 comments }
Keen buyers keep home prices stable in Moonee Valley
Nelson Alexander sales manager Milo Rasinac said the effects of the current financial environment were not being felt by Moonee Valley’s property market because of a shortage of available properties.
{ 0 comments }
Why you should pay $380 less on your home loan
The Reserve Bank cannot set interest rates solely for NSW. But if it could, rates would be about 2 percentage points lower than they already are, economists say. The Herald has calculated if the banks lowered interest rates by 2 percentage points - NSW borrowers with a $300,000 mortgage would be about $380 a month better off.
{ 0 comments }
Harbour majesty for $1.5m: a 99-year bargain
A 99-year lease on a majestic, six-bedroom home in Millers Point was sold for $1.5 million on Wednesday, the first of 16 vacant Housing NSW assets to be sold to raise funds for five affordable housing properties for low-income people in the inner west. Christine Andrews, a Department of Housing tenant who lives in Millers Point, said she supported the government selling assets to pay for new public housing.
{ 0 comments }
Finance and property giant on the brink of collapse
At its peak, Babcock & Brown was a $10.3 billion giant, with operations sprawling across investment banking, property, infrastructure and financial services.
{ 0 comments }
Push for universal housing
Disability Action Southeast (DAS) has joined a call for “universally accessible housing” to combat everyday problems faced by people with a disability. Facilitator Katrina Newman said a DAS survey asked people with a disability what problems they faced accessing houses, to gather empirical and anecdotal evidence.
leader-news.whereilive.com.au
{ 0 comments }
Gold Coast developer Sunland
Gold Coast developer Sunland Group is negotiating to purchase two high rise development sites — one in Abu Dhabi and one in Qatar — as it diversifies outside the overheated Dubai property market.
{ 0 comments }
Stay away from high rise towers
Chris Lamont of the Housing Industry Association says: “Financiers now expect pre-sales rates of 75% before extending construction finance, whereas this time last year, it would have been 50% or even 40%. The financial industry’s appetite for construction risk has definitely diminished.” The other big impact is home buyers delaying their decision to purchase new homes, making the developers’ pre-sales target of 75% more difficult.
{ 0 comments }
Rents up 10 per cent in callala beach says local property expert
According to Craig Hadfield, Proprietor of Raine & Horne Callala Bay, his property management team manages 200 permanent rentals and currently only two are vacant. ”However if it’s as much as 20 per cent, this in my opinion makes Callala Beach a property hotspot,” said Mr Hadfield.
[click to continue...]
{ 0 comments }
Housing Bubbles: Learning To Grow Up
Within this rather lengthy and extremely informative article The End of Wall Street’s Boom - National Business News - Portfolio.com, by Michael Lewis, author of Liars Poker (which dealt with the excesses of the 1980’s), the author revisits Wall Street to assess “what went wrong”.
Within this lengthy Portfolio.com article, Mr. Lewis describes in very human terms, the behavior of the players – and in how so few of them (in particular the senior managements of the firms involved) had any idea of the consequences of the reckless financing, in fueling the housing bubbles.
{ 0 comments }
