
Australia Unexpectedly Raises Key Rate, May Tighten Further
Australia’s central bank unexpectedly raised its key interest rate and kept the door ajar to further hikes as inflation remains well above target and labor costs jump.
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Australia’s central bank unexpectedly raised its key interest rate and kept the door ajar to further hikes as inflation remains well above target and labor costs jump.
More than a dozen Chinese property firms face the risk of delisting from the country’s stock exchange, an event that will shut an important funding channel for the beleaguered industry.
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Singapore’s latest property tax — now one of the highest among global markets — has dented foreign demand. Foreign buyers bought 57 private apartments in May, down 50% from April, according to Savills Singapore’s analysis of data from the Urban Redevelopment Authority.
Family members of a prominent supporter of conservative Republican causes — including a Hamptons real estate agent — died Sunday when their private jet crashed after flying over sensitive government sites in Washington without permission, setting off a security scare.
Sep 5, 2018
The Canadian Press
VANCOUVER -- The Real Estate Board of Greater Vancouver says prices for detached homes, townhouses and condos have fallen for two consecutive months in Metro Vancouver.
The board says the benchmark price for all types of properties is currently $1,083,400 -- up 4.1 per cent compared to August 2017, but down 1.9 per cent since May 2018.
Detached home prices fell 2.8 per cent since May to $1,561,000, which is also down 3.1 per cent compared to the previous August.
Attached home prices fell 0.8 per cent to $846,100 since May, but rose 7.9 per cent compared to August 2017.
Condominium prices also dropped since May by 1.6 per cent to $695,500 -- up 10.3 per cent from the same time last year.
REBGV president Phil Moore says in a statement that current buyers have more listings to choose from and face less competition in the area than in recent years.
He says they've also been less active in recent months -- with 1,929 home sales in the region last month compared to 3,043 in August 2017 -- and prices are beginning to edge down as a result.