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Sales of million dollar properties trending lower - largest fall in Sydney and Melbourne

CoreLogic has revealed sales of million dollar properties are trending lower, brought upon by a recent decline in values across the national housing market.

National

The Economy

Local facilities which can influence your home's value

Tony Collidge, President of the REIT and Simon McGrath of Abel McGrath discuss what local facilities can bring benefit and detriment to home value.

Queensland (Qld)Brisbane

People

Get to know Shane Hicks of Place Bulimba

Shane Hicks of Place Bulimba started in real estate after a "midlife correction" and 25 year career in retail management.

New South Wales (NSW)

Featured Property

Exclusive Coopers Shoot home with glorious outlook

This single level residence, in an idyllic hinterland setting, takes in panoramic mountain, ocean and coastline views, just five minutes from Byron Bay. For sale by Ruth Gotterson of McGrath Byron Bay.

Queensland (Qld)Gold Coast

The Economy

Gold Coast apartment market "shedding ‘boom and bust’ reputation"

Chris Litfin of Knight Frank and James Drake of Queensland Sotheby’s International Realty discuss the market on the Gold Coast for apartments, and luxury duplex and detached homes.

National

Design

Small home alterations for big price returns

Interior designer Greg Natale and Troy Dowker of Ray White give advice on home presentation for those looking to sell their homes.

National

People

How to re-enter the workforce after time away

Tips and advice for people looking to re-enter the real estate industry after taking time off, from Virginia Brookes, director of Resolver Recruitment.

New South Wales (NSW)Sydney

Featured Property

Entire art deco block on the market in Sydney’s Paddington

This exclusive address, featuring three strata apartments, has been completely refurbished for private, city living. For sale by Andrew Cary of Ray White Paddington.

Western Australia (WA)Perth

The Economy

REIWA: Act quickly to ensure you don’t miss out

Hayden Groves, President of the REIWA and Tim Caporn of Caporn Young Estate Agents discuss the current market, following the REIWA's announcement that sales above $1 million account for 11 per cent of house sales in the Perth Metro region.

Queensland (Qld)Brisbane

Construction

One of last remaining development pockets 15km from Brisbane CBD on the market

Ray White Special Projects Qld have just launched to the market a 2.03ha infill development site in Taigum.

Pages

News Roundup

http://www.theaustralian.com.au/subscribe/news/1/index.html?sourceCode=TAWEB_WRE170_a_GGL&mode=premium&dest=http%3A//www.theaustralian.com.au/business/dataroom/mcgrath-ipo-priced-at-between-180-and-225/story-fnjw8txa-1227590656704&memtype=anonymous

McGrath IPO priced at between $1.80 and $2.25

McGrath Estate Agents is selling shares in its float at between $1.80 and $2.25 each, creating a real estate chain with a market value of between $254 million and $295.7m. The pricing equates to between 12 and 14 times its forecasted net profit.

The Australian

http://www.afr.com/real-estate/rental-yields-hit-house-price-growth-20151101-gkob7l

Rental yields hit house price growth

House prices grew more slowly in October as higher borrowing costs and record-low yields stemmed investors' enthusiasm. The combined capital growth of 10.1 per cent from a year earlier was down on September's 11 per cent and reflected a slower pace of gain in both Sydney and Melbourne, CoreLogic RP Data figures for October show.

The Australian Financial Review

http://www.news.com.au/national/breaking-news/banks-put-on-notice-by-younger-aussies/story-e6frfku9-1227590699470

Banks beware

Banks beware - one in four of your customers is prepared to switch to your competitors to get a better deal. The figure grows to 40 per cent among Australians aged between 20 and 34, according to a survey commissioned by the Customer Owned Banking Association released on Monday.

news.com.au

http://www.nytimes.com/2015/11/01/realestate/staging-your-home-for-sale.html?ref=realestate

Staging your home for sale

“Once it’s on the market, it’s really no longer your home,” said Donna Dazzo, the president of Designed to Appeal, a staging company. “You have to envision it as a product.” A staged home could fetch a substantially higher price than one that is loaded with personal effects. Remove as much clutter as possible.

The New York Times

http://www.businessspectator.com.au/article/2015/11/3/media-and-digital/banking-mass-digital-migration

Banking on mass digital migration

REA Group’s takeover of iProperty Group offers the property portal a chance to relive its stellar success in Australia all over again in South East Asia. The deal, which values the target at $751 million, comes at a time when online still represents only between 2 per cent and 15 per cent of the total real estate advertising spend in iProperty’s markets.

Business Spectator

https://au.news.yahoo.com/thewest/wa/a/29964289/perth-house-prices-hit-by-record-fall/

Perth house prices hit by record fall

Real Estate Institute of WA figures show Perth’s median house price fell from $545,000 in June to $522,133 last month — almost $2000 a week. The fall is the biggest quarterly drop on REIWA’s 21 years of median house price records, beating discounts after the 2006 property boom.

The West Australian

https://au.finance.yahoo.com/news/sydney-now-on-global-housing-bubble-risk-list-074406072.html

Sydney placed on global housing bubble risk list

Sydney property prices are "significantly overvalued" and at risk of being in a bubble, according to UBS' Global Real Estate Bubble Index. The U.K. capital is now the second-least affordable of the 15 urban centers studied by UBS, trailing only Hong Kong, the report said.

Yahoo News

http://www.theaustralian.com.au/news/investigations/the-house-of-salim-mehajer-rising-from-the-ashes/story-fny1e5sj-1227588924507

The house of Salim Mehajer: rising from the ashes

While his father’s interests had been relatively modest — a handful of walk-up apartment blocks, individual homes and one key apartment complex on Lidcombe’s prominent John Street — now the son has in the pipeline four major complexes, spanning several city blocks and housing more than 600 apartments.

The Australian