Australian banks told to raise $7 bln under new capital rules
Australian banks have one year to raise $7 billion under new rules requiring a bigger cash buffer, a move widely expected to hit profits and push up mortgage rates, slowing a real estate rush that has economists warning of a property bubble.
Warm winter property market could become an even hotter spring
Houses are selling in record times in both Sydney and Melbourne and even though the number of homes listed for sale is down on last year, new property listings in Sydney and Melbourne are up on a year ago.
Pentonville prison in north London ion developers' most-wanted list
The 10-acre site’s location in north London could mean rich pickings for the highest bidder if new justice secretary Michael Gove’s plan to sell it off comes to fruition.
As the improvement in building activity continues, the labour market for professionals in architecture throughout Australia continues to gather momentum.
