Apartment Choice

From July 1, NSW doubled the stamp duty on foreign buyers to 8 per cent. THERE are nascent signs Chinese foreign buyers have toned down their enthusiastic buying of Sydney property . There are three pinpointed causes. Firstly, Beijing has narrowed the window for capital outflows to Australia. At the same time, Australian banks have tightened lending criteria to mainland China investors due to APRA regulatory requirements , and in some cases won’t lend to foreign investors at all. This week Chinese local and international estate agents reported a sharp drop-off in sales over the last six weeks as new property taxes took effect after the NSW state budget . From July 1, NSW doubled the stamp duty on foreign buyers to 8 per cent and increased the land tax surcharge from 0.75 per cent to 2 per cent. Chinese local and international estate agents reported a sharp drop-off in sales over the last six weeks. It’s a little too early to say the allure of Australian property has gone, b...

Changing face of real estate SYDNEY’S hipster culture has been shifting to suburbia as penny- pinching young people abandon more inner city suburbs like Newtown and Surry Hills to buy in cheaper outlying areas or move back in with their parents. An analysis of census data has revealed traditionally family -friendly suburbs such as Gordon, Lindfield, Rodd Point and Eastwood had among Sydney’s biggest spikes in the population of 25-35-year-olds over the past five years. This was despite no major changes to rental or property demand or natural population increase . Hipsters are leaving Newtown. And moving in with their parents. Analysts instead attributed the rise in young adults moving out of the city to a trend in which many were returning to their family homes to help save money. With average weekly room rents within 5km of the CBD at $350 and apartment rents at $650, those who moved back in with their parents could save about $18,000 or more per year. Other suburbs with a signific...

The long retail spine of Sydney Road, Brunswick, just north of Melbourne's CBD, was once a prosperous trading outpost on the way to the goldfields. These days it's a bohemian mix of variety stores, op shops, halal butchers and Lebanese bakeries. Take a side street to the west, however, and a different picture emerges. Sandwiched between Sydney Road and the Upfield train line is an area undergoing rapid and widespread transformation. Light industry is fast being replaced by mid- rise apartment buildings , their inhabitants attracted by the short commute into town and cheaper prices than in the city's south-east. The quality of these units is, on the whole, depressingly bad; think poor ventilation and bedrooms that "borrow" natural light (a weasel word for being dark and windowless). The occasional jazzy façade tries feebly to make up for otherwise cheap construction amid a chorus of greys. At ground level, carpark roller doors alternate with mean pocket garden...

Quizzes Lists Topics Save The River Terrace Apartments is an apartment building located at 7700 East Jefferson Avenue in Detroit, Michigan. It was listed on the National Register of Historic Places in 2009. [1] River Terrace Apartments was one of the first two garden apartment complexes built in Michigan which used loan guarantees from the Federal Housing Administration , the other being Hillcrest Village in East Lansing. [2] History By the late 19th century , the corridor along East Jefferson Avenue had become a prestigious residential neighborhood . As the automobile age dawned in the twentieth century and Detroit's population boomed, large upscale apartment buildings were constructed along the Avenue. However, this boom in apartment construction collapsed at the start of the Great Depression. However, in 1939, Wesson Seyburn, along with Leonard P. Reaume, of the property management firm of Holden & Reaume, applied for a building permit to construct this apart...