The Real Estate Conversation

Menulog founder wins approval to build French chateau on Australia's most expensive parcel of land

The founder of Menulog, Leon Kamenev, has received council approval to build a two-storey mansion on the $80 million harbourfront block of land he bought on Coolong Road, Vaucluse.

National

People

Get to know Amy-lee Hay, finalist in the 2017 Schools Auctioneering Championship

Still at school and holding down three jobs, Amy-lee Hay still found the time to compete in the Schools Auctioneering Championships. She told SCHWARTZWILLIAMS she hopes to own her own real estate agency one day.

New South Wales (NSW)Sydney

People

Next tranche of Millers Point public housing goes to market with McGrath

The state government's public housing sell-off in Millers Point has raised more than $420 million to build new public housing around the state.

New South Wales (NSW)Sydney

Featured Property

'Tresco': 1868 waterfront estate on Sydney harbour in Elizabeth Bay

Park-like grounds on one of Elizabeth Bay's largest landholdings. For sale by Ken Jacobs and Darren Curtis of Ken Jacobs Christie's International Real Estate Double Bay and Brad Pillinger of Pillinger Real Estate Double Bay.

International

People

Build your own resort on this pristine beachfront for sale in Gili Air, Indonesia

Enjoy the sand, sunsets and snorkelling from this land for sale in Gili Air, just off Lombok, by Eugene Shivnan from Exotiq Property Bali.

National New South Wales (NSW)Sydney Victoria (Vic.)Melbourne

The Economy

Collective sales up 600% in last five years, says Knight Frank

Collective-site sales are booming, particularly in NSW, with foreign buyers making up 62 per cent of collective sales nation-wide last financial year.

Victoria (Vic.)Melbourne

People

Get to know Shane Wilkinson, managing director of Pace Development Group

Shane Wilkinson began his career as a builder. After successes with some small projects he turned to development full time, eventually forming his own company, Pace Development.

Victoria (Vic.)Melbourne

Featured Property

Designer penthouse near Her Majesty's and Princess Theatres, Melbourne

Prestigious low-rise, 350sqm penthouse apartment at the Paris End, Melbourne CBD. For sale by Gina Donazzan and Sam Fenna of hockingstuart Melbourne.

National

The Economy

Melbourne property market continues to streak ahead of Sydney's

New ABS data shows Melbourne property prices rose 3.0 per cent during the June quarter, compared with 2.3 per cent for Sydney.

National South Australia (SA)

People

Get to know Bailee Ha, winner of the encouragement award at the 2017 Schools Auctioneering Championship

When Bailee Ha came to Australia with her sister only four years ago, she spoke no English. At the REIA's recent Schools Auctioneering Championship, Ha was one of only five contestants to make it through to the national level, where she won the encouragement award.

Pages

News Roundup

Rate rises to trigger $1.6trn debt bomb

Money has become so cheap over the past 40 years that when interest rates start to rise it's a fair bet it will have more of an impact than people are expecting.

The Australian Financial Review

http://www.afr.com/markets/equity-markets/interest-rate-rises-to-trigger-16trn-debt-bomb-20170920-gykyps

Sustainable cities? Australia’s building and planning rules stand in the way

Australia’s building and land-use policies fall short of what’s needed to make meaningful progress toward creating sustainable cities.

The Conversation

https://theconversation.com/sustainable-cities-australias-building-and-planning-rules-stand-in-the-way-of-getting-there-84263

Levee Wouldn’t Stop 2011 Flooding: Brisbane Council

Brisbane City Council says a called-for levee around the CBD would not have prevented the disastrous 2011 floods.

Sourceable

https://sourceable.net/levee-wouldnt-stop-2011-flooding-council/

Menulog founder Leon Kamenev wins approval for harbourfront mansion

The powerful Sydney Central Planning Panel has approved Menulog founder Leon Kamenev’s plans for a French-style chateau fronting Sydney Harbour.

The Australian

http://www.theaustralian.com.au/business/property/menulog-founder-leon-kamenev-wins-approval-for-harbourfront-mansion/news-story/ecf93b033418476e26b1a0acbfd01341

Australia’s Property Industry Racked with Political Favouritism

A University of Queensland study by economists Cameron Murray and Paul Fritters reveals that mainly well connected parties own land that is rezoned. So called 'mum and dad investors' rarely benefit.

Sourceable

https://sourceable.net/australias-property-industry-is-racked-with-political-favouritism/

Architects scramble to audit their projects as insurers query cladding

Design practices are combing through project records to find out whether any of the external cladding products they specified on buildings could fail to meet building code fire safety requirements and create a professional indemnity liability.

The Australian Financial Review

http://www.afr.com/real-estate/architects-scramble-to-audit-their-projects-as-insurers-query-cladding-20170918-gyjxor?eid=Email%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06/09/2016-BeforeTheBell-dom-business-nnn-afr-u&et_cid=29096171&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/real-estate/architects-scramble-to-audit-their-projects-as-insurers-query-cladding-20170918-gyjxor%3Feid%3DEmail%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06%252F09%252F2016-BeforeTheBell-dom-business-nnn-afr-u&Email_name=BTB-09-20&Day_Sent=20092017

It’s official: Brisbane is more liveable than Melbourne

New research has confirmed that life in Brisbane is actually far better than in Melbourne.

The Weekly Times

http://www.weeklytimesnow.com.au/real-estate/queensland/its-official-brisbane-is-more-liveable-than-melbourne/news-story/62ad1b843223ebbf9ca16ba5b99aece1

MONA sought for Adelaide after developer backs out

An architectural masterpiece modern art gallery, similar to Hobart's MONA or the Guggenheim Museum in Spain's Bilbao, is being pursued as a central element of the revamp of the old Royal Adelaide Hospital site after a proposed $1 billion deal with developers was aborted.

The Australian Financial Review

https://amp.afr.com/business/construction/mona-sought-for-adelaide-after-developer-backs-out-20170919-gyk8if