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NSW government's Millers Point social housing sale enters new phase

McGrath has completed its final sale of government social housing in Millers Point, while Savills has launched a campaign to sell the brutalist icon, Sirius.

New South Wales (NSW)Sydney

Featured Property

Clinton Murray-designed Watsons Bay beach house has timeless appeal

The Clinton Murray-designed beach house at Sydney's Watsons Bay will always be in style.

International National

The Economy

Global house prices running out of steam: Knight Frank

Knight Frank's Q3 2017 Global House Price Index increased 5.1 per cent in the year to 30 September, down from 6.3 per cent growth in the previous quarter.

National

The Economy

ATO employs new tools to scrutinise rental property market

The Australian Tax Office is ramping up scrutiny of the rental property market in a bid to stamp out rorts, and from next year will begin approaching real estate agents for information, reports The Australian.

Western Australia (WA)Perth

The Economy

Perth's median house price records modest gain in three months to November

The beleaguered Perth property market appears to be in recovery mode, with Perth's, median house price rising 1.9 per cent to $525,000 in the three months to November, according to the latest REIWA data.

Victoria (Vic.)Melbourne

Featured Property

Lifestyle at its best for those who appreciate history and warehouse chic

Gina Donazzan of hockingstuart Melbourne told SCHWARTZWILLIAMS, "History has shown that being a resident of Sargood House is the pinnacle of city warehouse living. The voluminous spaces showcase soaring ceiling heights and acoustic privacy, and there is the Paris End location."

National

The Economy

Rates set to remain at historic lows into 2018

Interest rates have been on hold at historic lows for 16 consecutive months, and are unlikely to change for much of 2018, say experts.

National

The Economy

Affordability improves, allowing first-home buyers into the market

The proportion of median family income required to meet average loan repayments declined during the September quarter across all states and territories, according to the September quarter edition of the Adelaide Bank/REIA Housing Affordability Report.

National

The Economy

Chinese-born Australians prioritise home ownership: St.George research

"Chinese-born Australians consistently place a high importance around family, particularly with owning bricks and mortar," says St.George’s general manager for retail banking, Ross Miller.

Queensland (Qld)Brisbane

Featured Property

Opulent living on 10,000sqm in Brisbane's Bridgeman Downs

A sophisticated and opulent residence on 10,000sqm of lush, manicured grounds in Bridgeman Downs is for sale through Sarah Hackett of Place Bulimba.

Pages

News Roundup

http://www.9news.com/story/money/business/2015/06/30/vail-buys-aussie-ski-area/29510761/

Vail Resorts buys Australia's largest ski area for $135M

Vail Resorts Inc. said Tuesday it has closed on its purchase of Perisher Ski Resort, the largest ski area in Australia and the first international acquisition for the Broomfield-based resort and real estate company. Vail Resorts paid $134.8 million for the Australian resort.

Denver Business Journal

http://www.theaustralian.com.au/business/property/commercial-property-sales-on-track-to-reach-30bn/story-fn9656lz-1227422525784

Commercial property sales on track to reach $30bn

Australian commercial property volumes are tracking behind last year’s record levels but a raft of mega-deals looming in the second half could see sales approach the $30 billion barrier.

The Australian

http://www.perthnow.com.au/realestate/buying/biggest-piece-of-property-on-earth-up-for-sale-in-australia/story-fnhlgp6j-1227420251801

Biggest piece of property on Earth up for sale in Australia

The largest private piece of land on Earth is up for sale — and it’s right here in Australia. The massive chunk of outback territory comprises 10 working cattle stations spanning 11 million hectares — which is about three quarters of the size of England.

Perth Now

http://www.afr.com/real-estate/residential/house-prices-to-drop-in-2017-bis-shrapnel-20150629-ghzr78

House prices to drop in 2017: BIS Shrapnel

House prices will start falling in 2016-17 as the threat of rising interest rates coincides with worsening affordability, a big increase in supply and weaker investment returns according to forecaster BIS Shrapnel.

The Australian Financial Review

http://www.news.com.au/finance/real-estate/expert-says-get-rid-of-mum-and-dad-monopoly-investors-tax-concessions-to-create-perfect-storm-for-affordable-housing/story-fncq3era-1227417403060

Expert says get rid of mum and dad monopoly investors, tax concessions to create ‘perfect storm’ for affordable housing

Dr Kate Shaw, an urban geography and planning expert at the University of Melbourne, says not only does there need to be a cultural shift in attitudes to long-term renting, but a federal governmental shift as well. “What we need to do is have a secure, long term affordable rental market (which is easier said than done, of course),” she explained.

news.com.au

http://nreionline.com/finance-investment/high-net-worth-investors-hungry-real-estate-survey-finds

High Net Worth Investors Hungry for Real Estate, Survey Finds

North American real estate remains more popular with high net worth individuals than real estate in any other part of the world, with 67 percent of wealth managers expecting their clients to increase allocations here over the next five years.

National Real Estate Investor

http://www.afr.com/real-estate/perth-property-market-feels-just-like-a-recession-20150628-ghywoi

Perth property market 'feels just like a recession'

Perth is awash with vacant offices, while its stagnant housing market "feels just like a recession", property experts have warned.

The Australian Financial Review

http://www.theherald.com.au/story/3176715/wall-of-chinese-capital-buying-up-australian-properties/?cs=4219

Wall of Chinese capital buying up Australian properties

The "wall of Chinese capital" hitting property markets in Sydney and Melbourne will not ease up until the government introduces its anti-money laundering legislation, says an expert in 'flight capital'.

Newcastle Herald