Press Releases

Budgetary spending has positive implications for real-estate

The Victorian State and Federal Governments announced the 2009-10 budgets in May, both revealing positive implications for residential real estate in Victoria.

Government spending policy has played a significant role in the buoyancy of the Australian economy during the last 12 months. Property expert and WBP Property Group CEO, Greville Pabst, remarks, “initiatives such as the FHOG Boost have created a floor under property values and positively stimulated consumer activity and sentiment.”

WBP Corporate has successfully negotiated the off market acquisition of Mirvac-owned Queensland shopping centre asset, Alexandra Hills for $40 million on behalf of a private client who wished to remain anonymous.

Alexandra Hills Shopping Centre is a modern fully leased subregional shopping centre anchored by Woolworths Supermarket and Trade Secret together with 44 specialty shops in the Brisbane suburb of Alexandra Hills.

Mad rush from first home buyers inflates property prices

The mad rush from first home buyers to secure a position in the tightening property market prompts calls for the extension of the First Home Owners Boost.

The scheme, which has increased housing affordability for new home buyers, is aimed at stimulating activity in the lower end of the market in an effort to avoid the stagnate affects of a recession.