Australia Luxury Homes and villas
Australia Luxury Property Search
Hollywood star Hugh Jackman and wife Deborra-Lee Furness sold their luxury apartment in Melbourne CBD, Australia quietly. Public documents showed that Jackman couples owned this for nearly 20 years.
New foreign-investment rules could lead to civil penalties and fees being imposed on property investors who are not Australian citizens.
Over a third of affluent Asians own an investment property overseas according to HSBC, with Australia ranked as one of the top destinations.
Foreign developers made up about 30 per cent of the Australian market last year, and China took up 9 per cent of that – an increase over previous years.
Australian luxury home prices may be headed for a fall in 2011, according to an article in Bloomberg Businessweek.
The Australian real estate market is benefitting from the collapse of the property market in Dubai as Chinese and Russians buyers move their allegiance down under. Property investors from both nati...