A toughening of lax lending standards in Australia is threatening an already-cooling property market.An inquiry into misconduct in the financial industry is likely to lead to greater regulation of the nation’s A$1.6 trillion ($1.2 trillion) mortgage market. Banks have … [Read more...] about Tougher Lending Standards Put Australia Property on Shaky Ground
Australian property market
THIS is the deep underground vault which is just waiting to be converted into a luxury home beneath deep the earth's surface.The unusual property, situated under one of Sydney's most exclusive suburbs, could be yours after it was put on the market for $2m (£1.15m).Found in … [Read more...] about Would you live in this spacious Australian vault which is seven storeys underground and on the market for £1.15m?
BRITAIN’s biggest online estate agent PURPLEBRICKS has posted its first ever profit in the UK – after making a sale every 16 minutes.The property seller which dominates the internet-only market says it is “eating” market share from traditional High Street … [Read more...] about Online estate agent Purplebricks makes first ever UK profit after selling a property every 16 minutes
Harry Osborne has 3,000 sheep, some cattle, and grain crops on the edge of Lake George just outside Australia's capital Canberra. It's a windy spot - which is challenging, as the wind dries out crops and can cause debilitating dust storms. But Osborne decided to harness the … [Read more...] about Australian government attacks renewables
Australian police intercepted the biggest haul of methamphetamine ever discovered in the country, they announced on Wednesday morning. The Australian Federal Police (AFP) said they found 903 kilos (1,990 pounds) of the drug known as ice, mostly hidden in a shipment of … [Read more...] about Australian police seize biggest ever methamphetamine drug haul