Dec 15, 2017 Last Updated 4:28 PM, Dec 12, 2017

New Entry From the Editor :

Australian shopping empire Westfield sold to French property firm for $33 billion

Australian shopping empire Wes…

AusBN - Australian shopping mall juggernaut Westfield has been purchased by...

ASX introduces blockchain technology into trade settlement system

ASX introduces blockchain tech…

AusBN - Australian Securities Exchange (ASX) has become the first major glo...

Australia’s annual economic growth rate rises to 2.8%

Australia’s annual economic gr…

AusBN - Australia’s annual economic growth rate has risen to 2.8% aft...

Capital city house prices fall in November

View from Q1 looking northAusBN – Housing in Australia’s capital cities fell in price by an average of 1.5% in November, according to a survey by CoreLogic RP Data.

House prices fell in five out of eight capital cities, led by Melbourne where they fell by 3.5% to a median price of $602,500.

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NSW’s TransGrid leased to consortium

Electric poleAusBN – The 99-year TransGrid lease, incorporating a large part of New South Wales’ electricity network, has been awarded to a consortium of foreign and local investors.

The NSW Electricity Networks consortium offered to pay $10.26 billion for the assets, which the state government is leasing out to raise money for infrastructure investment.

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Construction begins on Brisbane's ‘Spire’

SpireAusBN – Construction has begun on Spire, a $200 million residential tower in Brisbane whose 340 luxury apartments were sold out within months.

The tower is being built between Queen Street and Ann Street in the Brisbane CBD and will have 40 floors, including some underground.

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