NAB CEO Andrew Thorburn has announced a number of new measures to enhance oversight of the bank’s financial planning channels, following its revelation of a compensation project involving 750 customers.
A home in Strathfield in Sydney's inner west sold for nearly $500,000 above its reserve on the weekend. The five-bedroom house at 201 Homebush Road attracted 19 registered bidders and a crowd of more than 160 people on the day. The hammer fell at $2.39 million, $490,000 above the reserve.
Australia, Canada and New Zealand sign APEC architect deal
Canada, Australia and New Zealand have signed a mutual recognition arrangement that allows for fast-track cross-border registrations of senior architects between the three economies.
The arrangement, which applies to senior architects who have met a number of criteria including having at least seven years of senior experience, came about as a result of the countries' participation in the APEC Architect Project.
Actress Jennifer Lopez has has been very busy off-camera making some recent luxury real-estate news. Lopez most recently listed a whopping 17,129-square-foot mansion in Los Angeles for $17 million. In October, she bought a 6,500-square-foot, two-story penthouse at the boutique Whitman condominium in Manhattan's NoMad district for just north of $20 million. In 2013, she bought a home in the Hamptons for roughly $10 million.
New building figures show homeowners have become snared in a granny flat building frenzy that has flooded local councils with applications to construct secondary dwellings on their properties. NSW Department of Planning and Environment data indicated that 4818 new granny flats were built last year, nearly double the 2867 built the previous year and three times more than the 1511 built in 2010.
Dad forced to apply for council permit to keep cubby
An Adelaide father has been forced to apply for development approval from Mitcham Council’s Development Assessment Panel to avoid having to pull down his kids' cubby house. Dr Chris Della Vedova said the family did not realise it needed to apply to build the cubby house, which is 2.2 by 2.3 metres and on stilts 1.5m above the ground.