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Politics

APRA talks mortgage risk with securitisation industry

APRA is turning its attention to how lenders estimate living expenses and assess total debt.

Western Australia (WA)Perth

The Economy

Commentators are calling the bottom of the Perth market: Jody Fewster, ACTON Cottesloe

Almost 40 per cent of suburbs across the Perth metropolitan region have a limited supply of houses for sale, according to new data from the REIWA.

Victoria (Vic.)

People

Get to know architect Shelley Penn

Shelley Penn is a Melbourne architect and strategic advisor on large projects.

Victoria (Vic.)Melbourne Fitzroy

Featured Property

One of Melbourne’s most exceptional heritage warehouse conversions

A great warehouse conversation into a grand home by architect, Shelly Penn. Architectural features of this property enhance the original authenticity of this heritage building. 'MacRobertson' for sale by Nelson Alexander Fitzroy.

Victoria (Vic.)Melbourne

People

Could this be one of the first properties sold for bitcoin?

The vendor of a Melbourne property will accept payment in bitcoin, says agent John Garnett of Harcourts Boronia.

International New South Wales (NSW)Sydney Queensland (Qld)Brisbane Victoria (Vic.)Melbourne

The Economy

Sydney's Pitt Street among the top ten most expensive streets in the world

Sydney's Pitt Street is the seventh most expensive street in the world, according to Cushman & Wakefield’s 'Main Streets Across the World 2017' report.

National

The Economy

Mortgage brokers settle record 55.7% share of Aussie home loans

Mortgage brokers settled 55.7 per cent of all Australian home loans during the September quarter.

Queensland (Qld)Sunshine Coast

Featured Property

Pandanus and Noosaville summers

This pandanus-lined residence is the perfect option to enjoy an abundance of indoor and outdoor living space, combining the size and functionality of a home with all the benefits of apartment living. For sale through Dan Neylan and Imika Neylan of Dowling Neylan Real Estate Noosaville.

New South Wales (NSW)Sydney Tasmania (Tas.)Hobart Victoria (Vic.)Melbourne

The Economy

Melbourne's auction clearance rate holds below 70% for second week in a row

Melbourne's auction clearance rate is at its second consecutive week below 70 per cent, indicating the city's property market could be losing steam.

International National

Design

Australian apartments are becoming smaller, while our houses get bigger

Overall, Australian homes are their smallest in 20 years, but Australian houses remain the second-largest in the world.

Pages

News Roundup

http://www.afr.com/real-estate/residential/the-risky-property-tax-grab-grows-faster-than-gst-income-tax-20150520-gh5cwb

The 'risky' property tax grab grows faster than GST, income tax

If you thought you were slugged for stamp duty or land tax last year, you are not alone. Taxes based on property - on sales or values - topped $40 billion for the first time in 2013-14, according to the latest analysis of taxation revenue, released last week, by the Australian Bureau of Statistics.

The Australian Financial Review

http://www.dailytelegraph.com.au/newslocal/city-east/sydney-real-estate-narrowest-home-on-the-market-expected-to-fetch-upwards-of-700000/story-fngr8h22-1227360122039

Narrowest home on the market expected to fetch upwards of $700000

At only 2.85m wide, the narrowest house on the market in Sydney is expected to sell for upwards of $700,000. With an internal area of 48sq m and a land area of 38sq m, the two-storey Victorian terrace at 29 Terry St, Surry Hills, is roughly the same size as a one-bedroom unit.

The Daily Telegraph

http://thenewdaily.com.au/money/2015/05/19/dark-days-wa-property-market/

Dark days for Western Australian property market

Western Australia is facing serious problems. Plunging commodity prices are forcing iron ore mines to shut, mining companies to cut jobs, and tax revenue for the state coffers to plummet. But one of the big casualties in this painful process that hasn’t received a lot of attention is the WA property market.

The New Daily

http://www.businessinsider.com/r-us-bank-bank-of-america-win-dismissal-of-mortgage-claims-2015-5#ixzz3aadGI3Rj

US Bank, Bank of America win dismissal of mortgage claims

U.S. Bancorp and Bank of America Corp won a dismissal of claims in lawsuits accusing them of breaching their duties as trustees for residential mortgage-backed securities that suffered losses tied to the global financial crisis.

Reuters

http://www.architectureanddesign.com.au/comment/in-profile-the-face-behind-mirvac-design-national

The face behind Mirvac Design, national director Peter Cotton

Cotton joined Mirvac Design in 1989 and became the National Practice Director in 2004. As the Design Director for the Newington Olympic Village, he led the architectural team through the successful bid phase to the start of the Sydney 2000 Olympics.

Architecture & Design

http://www.propertynews.com/blog/mortgages-money/money-matters-what-s-to-gain-with-long-term-mortgage/

What's to gain with long-term mortgage?

The advantage of fixed-rate mortgages is knowing how much your monthly repayments will be for some time into the future. In theory, that means you will be able to rest reassured that your mortgage will be affordable for the length of your fixed deal. In practice, it could mean you end up paying more than you need to if the rate at which you fix remains higher than standard rates for any length of time.

propertynews.com

http://www.smartcompany.com.au/finance/investment/46948-do-we-tell-foreign-buyers-to-buy-or-bye-robert-simeon.html#

Can the government stop foreign buyers?

It’s interesting to note that last week a Senate committee made 40 something recommendations pertaining to housing affordability which included calls to review negative gearing and the appointment of a federal minister for housing, to name just two.

Smart Company

http://www.theaustralian.com.au/business/property/gpt-leading-the-way-in-parental-leave-and-childcare-policy/story-fn9656lz-1227358033235

GPT leading the way in parental leave and childcare policy

The conservative world of Australian commercial real estate has begun to redouble its efforts to foster workplace diversity. Two days after the federal government announced a significantly revamped childcare scheme, GPT Group, one of the country’s largest diversified property landlords, unveiled its parental leave and childcare support policy, which it says is one of the most generous yet.

The Australian