Industry really needed this cut
THE latest interest rate cut to the historical low levels of 2.75% will have an enormous impact on both the property market and retail trade.
"The drop to 2.75% will be an enormous boost to both existing home owners and people currently in the marketplace looking for a home," Australian Property Institute president Justine Jacono said.
Property taxes shoulder Vic budget
THE Victorian government is becoming addicted to property taxes, which will raise over $6 billion in forward estimates for the 2013-14 Victorian State Budget.
Treasurer Michael O'Brien's first budget dubbed "Building for Growth" also revealed a record investment in infrastructure, of $6.1 billion in 2013/14, rising to $6.6 billion in the following year.
APIVIC - Analysis of the Victorian State Budget 2013-2014
In his first state budget and the third for the Coalition government, Victorian Treasurer Michael O’Brien significantly boosted infrastructure investment while maintaining the prospect of operating surpluses for the foreseeable future, commencing with $225 million for fiscal 2013-14.
Global heads plug universal property valuation system
A COALITION of global bodies will meet the World Bank to come up with a universal method of valuing real estate across the globe that will bridge language barriers. So the system of assessing property values in Australia will be no different to Asia, Europe, Africa, Middle East or North and South Americas.
International Valuation Standards online
International Valuation Standards online access registrationMembers can request to access the International Valuation Standards (IVS) online by completing the registration form
and returning it to National Office
For more information click here
Excellence in Property Awards submissions now open
The API Excellence in Property Awards recognise innovation and outstanding achievement across the entire property industry with individuals, group and sector projects being eligible to enter one or more categories.
For further information, please click here