WILL INTEREST RATES REALLY HIT 10%?
May 16, 2010 by Michael Yardney
Deep down all property investors knew the low interest rates couldn’t last forever, though I must admit I enjoyed the strong cash flow the lower interest rates brought with them over the last year or so.
The Reserve Bank of Australia warned us that rates had to increase from “stimulatory levels” as our economy improved and now after 5 rate rises since October last year rates are back to what the RBA calls “average” levels.
So what next?
Will interest rates keep rising and if so when and by how much? And how will this affect our property markets?
Read More...... PropertyUpdate.com.au
PROPERTY SITE ACCUSED OF COPYRIGHT BREACHES GOT $1 MILLION FROM COMMERCIALISATION AUSTRALIA
May 18, 2010 by Patrick Stafford
A real estate listing website accused of copyright breaches received over $1 million in funding from the Federal Government's news innovation body Commercialisation Australia less than one month ago, it has emerged.
The revelation comes as real estate bodies have attacked AllHomes.com.au for allegedly lifting listings from property sites including RealEstateView.com.au, which is owned by the Real Estate Institute of Victoria.
Read More...... SmartCompany.com.au
ANOTHER REA GROUP DIRECTOR SELLS SHARES
September 17, 2009 by Emma Sorensen
Rumours are circulating about a large share trade of REA Group stock on the Australian Stock Exchange,
the second in the past three months.
Real estate agency group owner John McGrath, who is also one of the
company directors, yesterday offloaded almost all of his substantial share holding in the REA Group at
$7.20 per share, totaling $14,400,000.
McGrath held just more than two million shares in the business,
representing about 1.6 percent of the company. He reportedly sold two million, leaving him with a
relatively insignificant holding of just 139,086 shares in the REA Group.
In late June 2009 the Ray White Group sold its complete shareholding in the REA Group.
The Ray White Group had been the second largest shareholder and sold 13.5 million shares at $5.75 per share,
yielding $77.6 million, representing a change of ownership of 10.8% of the REA Group shareholding base.
The Ray White Groups deputy chairman Sam White has so far continued as a board member of the REA Group
and retains a personal smaller shareholding in the REA Group.
Read More...... propertyportalwatch
