Hotel Groups buy in Australia

DSR Asset Management report that Investors large and small are flocking to Australia looking for investments with security and good returns.

In one of the few hotel transactions to occur in Australia 2009, the Holiday Inn Adelaide has sold to Malaysian group, Hotel Grand Chancellor, for approximately $35million.

“Despite the current economic climate, the Adelaide hotel market has continued to perform well relative to other capital cities,” said Mark Durran of Jones Lang LaSalle Hotels’ “With these solid market fundamentals, the purchaser was attracted to the re-positioning potential the hotel offered though a refurbishment and expansion of the guest room inventory.”

The sale of the Holiday Inn is one of just a few major hotel transactions in Australia to occur this year. To-date there have been total hotel sales of $366million with the most notable deals including the Courtyard by Marriott North Ryde, Hyatt Regency Adelaide and Park Hyatt Canberra, all of which were negotiated by Jones Lang LaSalle Hotels.

David Redfern, of DSR Asset Management added “We have seen the volume of business in Australia growing month on month during Q2 and Q3 of 2009. Australia is becoming a “must have” addition to everyone’s investment portfolio”

DSR offer investments in a variety of locations in South Australia.

For more infomation on Property Australia

About DSR Asset Management Ltd



DSR Asset Management Ltd is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR, giving an unparalleled selection of resale and new builds.

Canada’s Housing Market is awe inspiring”

"The awe-inspiring rebound in Canada's housing market just keeps rolling along," said BMO Capital Markets deputy chief economist Douglas Porter.

National home sales soared 18 per cent, year-to-year, in the third quarter to a total of 135,182 units, on an unadjusted basis, and average prices rose 13.6 per cent in September from a year earlier to $331,602.

Seasonally adjusted home sales activity now stands 48 per cent above the low reached in the fourth quarter of 2008, The Canadian Real Estate Agency (CREA) reported, a fact that might have prompted Canada's major banks to hike mortgage costs this week to a posted five-year fixed rate of 5.84 per cent.

At the same time, September listings of homes for sale posted the largest decline in more than six years and are down 16 per cent from one year ago, resulting in a very healthy imbalance in supply and demand.

“Firming home prices and an improving economic environment should eventually lure back more sellers and restore a healthier market balance," said Martin Foster of DSR Asset Management, "but for now expect continued upward pressure on prices."

Canada's hot housing market may have more room to run as buyers scramble to lock in at low rates, but a lack of supply is driving up prices. Enquiries for DSR’s land plots and homes in and around Montreal are at record levels.

For more infomation on Property Canada

About DSR Asset Management Ltd



DSR Asset Management Ltd is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR, giving an unparalleled selection of resale and new builds.