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business / Real Estate

Luxury firesales slash prices
THE number of luxury properties selling at mortgagee auctions has soared as receivers and banks cut prices by up to 50 per cent to meet the market.
The Australian Sunday, September 13, 2009

Hotels accommodating
WELL-KNOWN hotel chains are moving to secure greater control of the accommodation market amid the global slump, with most major brands announcing they are in negotiations to add up to five new management agreements to their stable in Australia and New Zealand.
The Australian Sunday, September 13, 2009

Property trusts turn around
LISTED property trusts have risen by 64 per cent since the market's March trough, well ahead of the 46 per cent boost for the general equities market.
The Australian Sunday, September 13, 2009


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