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The latest news to come out of the US housing market is that new home sale volumes have slumped to levels not seen since 1963 and established home sales have fallen to a decade low. The new home sales figures are considered to be a leading indicator for established home sales market, suggesting the US housing market is likely to be in for further pain. |
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The results of the RP Data-Rismark Home Value Index for June showed that the unit market has outperformed houses over the last 12 months and during the last five years. Historically, houses have enjoyed a much more rapid appreciation in value than the growth recorded by units. |
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Now we are seeing greater movement by building owners to enter into Green Leases, following the proposed amendments to the Building Code of Australia and the introduction of the new Mandatory Disclosure Obligations (both effective by mid 2010). This article highlights the various opportunities of green leases available to both property owners and their tenants. It also identifies some specific issues to be considered when entering into a “green” lease. |
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There are positive signs that the Sydney industrial market has moved past the effects of the global financial crisis and looks set to improve on the back of strengthening import and export volumes, limited supply and increased demand from; tenants, owner occupiers and investors. |
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The NSW Government imposed a new tax on the 1st July, 2010 which will affect on the sale of residential and commercial property. This tax will be levied on the buyer when purchasing property worth more than $500,000. |
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