This Australian Ghost Town Is Going Up For Sale

Looking to take a trip to a remote location on the other side of the world with sandy beaches and small crowds? The perfect destination could be coming very soon. 

The Western Australian town of Cossack, described as a ghost town with a spooky history, also has a beautiful seaside for tourists who want to get away from it all. 

There are talks of reopening this forgotten destination as tourist attraction, according to CNN. This location has been abandoned for 70 years, except for one caretaker who keeps the town in tip-top shape and the occasional curious tourist.

Cossack isn’t up for sale yet, but investors are being sought for future development. When Cossack might be ready for tourists to come and stay is unknown.  

“The WA Government, which owns Cossack, released a document asking investors to register interest in acquiring a leasehold or freehold title of the town, the

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Australian Property Values Rebound After a Five-Month Decline

Home prices in Australia are rebounding after five months of consistent declines, new data shows. In October, the country’s average home price increased 0.4% month-over-month to A$559,254 (US$393,785), according to the latest CoreLogic Home Value Index, released on Monday. All the capital cities saw a price increase except Melbourne, where home price slipped 0.2% month-over-month to an average of A$666,240. Sydney’s home

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Billionaire Mike Cannon-Brookes Makes Latest Australian Property Buy

Billionaire Mike Cannon-Brookes has further expanded his extensive real estate portfolio in Australia with the purchase of a vacant plot of land in a suburb of northern Sydney.

A corporate entity tied to the tech tycoon, who co-founded software company Atlassian, bought the empty lot in Newport, in Sydney’s Northern Beaches, for A$1.4 million (US$986,160) in August, listing and property records show.


Spanning upward of 24,000 square feet, the site is billed as an opportunity to build a dream home on “one of the last remaining building opportunities on the Northern Beaches,” in the listing which was held by David Watson and Jono Gosselin of LJ Hooker – Avalon Beach.

The “once in a lifetime opportunity,” is set in a “sought after and exceptionally private location,” the listing continued.

The agents declined to comment on the transaction. 

This recent purchase by Mr. Cannon-Brookes, 41, is a little different than his

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Australian home prices rise in Oct to snap five-month losing streak

SYDNEY, Nov 2 (Reuters)Australian home prices edged higher in October to break a five-month losing streak amid record-low interest rates and limited stock, even as a coronavirus lockdown in Victoria state hamstrung the major Melbourne market.

Data from property consultant CoreLogic out on Monday showed national home prices rose 0.4% in October, the first increase since April when a country-wide lockdown hammered the market.

Prices were up 3.9% on October last year, with regional housing in demand as some seek to leave the cities. Values across the major capitals firmed 0.2% in October, while regional prices climbed 0.9%.

Sydney eked out a gain of just 0.1% and Melbourne dipped 0.2%, while cities that had been largely COVID-free for some time powered ahead. Prices rose 1.2% in Adelaide and Darwin, and 1.0% in Hobart and Canberra.

With Melbourne’s long lockdown now also easing, listings and auctions in the city

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Australian home prices rise in October to snap five-month losing streak

SYDNEY (Reuters) – Australian home prices edged higher in October to break a five-month losing streak amid record-low interest rates and limited stock, even as a coronavirus lockdown in Victoria state hamstrung the major Melbourne market.

FILE PHOTO: People take photos in front of a ‘Welcome Back’ sign in Melbourne after coronavirus disease (COVID-19) restrictions were eased for the state of Victoria, Australia, October 28, 2020. REUTERS/Sandra Sanders

Data from property consultant CoreLogic out on Monday showed national home prices rose 0.4% in October, the first increase since April when a country-wide lockdown hammered the market.

Prices were up 3.9% on October last year, with regional housing in demand as some seek to leave the cities. Values across the major capitals firmed 0.2% in October, while regional prices climbed 0.9%.

Sydney eked out a gain of just 0.1% and Melbourne dipped 0.2%, while cities that had been largely COVID-free for

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The one Australian state Asian real estate buyers will be flocking to after the pandemic

The one Australian state Asian real estate buyers will be flocking to as they hope to invest in property

  • Chinese property website Juwai IQI expecting foreigners to buy in Queensland
  • Executive chairman Georg Chmiel said Australia better to invest in than UK, US
  • The Foreign Investment Review Board has released new data on property buys 

Queensland is expected to be the next big thing in real estate for cashed-up buyers from China and across Asia.

The Sunshine State, stretching from the Gold Coast to tropical areas beyond Cairns in the far north, still lags behind Victoria and New South Wales when it comes to foreign acquisitions of residential property.

Juwai IQI, a Chinese property website geared towards international buyers across Asia, is expecting foreign demand for Queensland property

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Australian Home Prices May Rebound on Low Rates, Easy Credit

(Bloomberg) —



a house with trees in the background: Residential properties stand along a street in Brisbane, Australia, on Tuesday, May 7, 2019. Australian central bank chief Philip Lowe dashed expectations of an interest-rate cut, looking through recent weakness in inflation to hitch the policy outlook to a labor market that he says remains strong.


© Bloomberg
Residential properties stand along a street in Brisbane, Australia, on Tuesday, May 7, 2019. Australian central bank chief Philip Lowe dashed expectations of an interest-rate cut, looking through recent weakness in inflation to hitch the policy outlook to a labor market that he says remains strong.

Australian home prices may have bottomed out and could be set to rise through the end of the year on the back of lower interest rates and easier credit, according to Bloomberg Intelligence.

Property prices have fallen just 3% since the Covid-19 crisis began, defying concern of a steeper slide. A plan to ease responsible-lending rules and mounting speculation for further loosening of monetary policy in coming months may unleash a wave of borrowing, Bloomberg Intelligence analyst Mohsen Crofts said in a report Wednesday.

What Bloomberg Intelligence says:

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IMF sees less severe

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