Australia clamps down on foreign property investors
Australian Prime Minister Kevin Rudd has moved to curb booming Australian property prices, by reintroducing strict restrictions on overseas nationals investing in Australia's housing market.
USA property sales up 7% in March
Existing USA home sales increased by 7% in March compared to February, and were up 16% over the corresponding month last year, according to the National Association of Realtors (NAR).
Australia property price growth slows
Following a booming year for the Australian property market, in which residential values have soared across most parts of the country, there are finally signs that the sector is starting to cool down.
USA property market shows signs of stabilising
Fewer homeowners in the USA are now lowering their original asking prices in order to secure a sale, suggesting that the market is finally at or near the bottom of the recent housing downturn, according to fresh data released today by U.S.-based Trulia, a U.S. property listings company.