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Australia World's Most Overvalued Property

Category: Real estate, Posted:14 May 2011 | 06:00 am

Don't' shoot the messenger with the headline but the Economist publication has said Australia is the world's most overvalued housing market.
Perhaps the most glaring example of the possible volatility ahead is the Sunshine Coast where market values have dropped by over 20% over the past 36 months.
Another key resort destination Brisbane and the Gold Coast has seen a ripple effect with a disconnect between the evolving supply chain and demand cycle.
Despite the negative sentiment, CBD property in key cities such as Sydney and Melbourne remains on a journey upstream and values rising.

Other News

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Trio Of Phuket Start-Ups As We Go Local

Category: Tourism, Posted:23 Feb 2021 | 10:02 am Too often the image of Phuket does not reflect the power of local brands and entrepreneurs who are positively going about their businesses, despite the pandemic. Today we are pleased to present three episodes of C9 Hotelworks and Delivering Asia Communications Thai road trip video episodes that give short glimpses into the people and  innovation […]
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Why Phuket’s 70% Restart Needs Private Sector Support

Category: Tourism, Posted:21 Feb 2021 | 12:03 pm Last Friday I was able to attend the roundtable discussion that was organized by the Phuket Tourism’s Association’s Khun Bhummikitti Rukaengam at the Angsana Laguna Phuket. It was an impressive turnout, that included large numbers from both the island’s public and private sector and Minor’s Bill Heinecke was in attendance. What is now being proposed […]
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Phuket Sports and Wellness Resort Transacts

Category: Tourism, Posted:20 Feb 2021 | 15:08 pm The 114-room Thanyapura Sports and Health Resort Phuket has been sold to a Thai group. According to a public notice, the new owner is the Yenbamroong family, who are well known in Thailand’s petroleum industry. In the latest move, the sale effectively is a second step to unwinding the Thanyapura integrated education, sports, and health-oriented […]