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Property prices 20% lower on streets with silly names, high school study finds

Students at Geelong's Sacred Heart College have shown that house prices are about 20 per cent lower on streets with silly names.

New South Wales (NSW)

Construction

Design for Newcastle's new cruise-ship terminal released

The new terminal will allow larger and a greater number of cruise ships into Newcastle, providing a boost to the local economy.

International

Design

Elvis Presley's former Palm Springs home for sale

A historic modernist Palm Springs estate known as 'The Elvis Presley Honeymoon Hideaway' is on the market for $7.7 million.

New South Wales (NSW)

Featured Property

'Mandalay': a magnificent 77-hectare Southern Highlands estate

One of the Southern Highlands' most coveted properties, this significant 77-hectare estate is just kilometres from charming Exeter village. For sale by Christie's International Real Estate Double Bay.

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

The Economy

Sydney's true clearance rate could be 40%: John Cunningham, REINSW

An unusually high percentage of Sydney auction results weren't reported last week, says REINSW president John Cunningham, causing him to ponder the worst-case scenario: if those properties didn't sell, Sydney's clearance rate could be 40 per cent.

Queensland (Qld)Sunshine Coast

The Economy

32-hectare Noosa beachfront estate achieves record price of more than $10m

Australia's "ultimate beachfront estate", Laguna, has sold for a record Noosa price through Adrian Reed of Dowling & Neylan.

Victoria (Vic.)Melbourne

People

Get to know Bruce Chan, founder of Growland

Bruce Chan told SCHWARTZWILLIAMS he has always been fascinated by property. His advice to new starters is to learn as much as they can about the many different facets of the industry.

Victoria (Vic.)

Featured Property

Mud-brick home close to the charming town of Research is one of Alistair Knox's finest designs

Mandy Berenyi of Fletchers Eltham told SCHWARTZWILLIAMS, "This Alistair Knox mud brick home has been lovingly transformed into a stylish luxury home, while retaining the character and warmth of the original."

International

People

Mountain Lodge overlooking Lake Wakatipu is New Zealand's most expensive property for sale, with $30m price tag

Designed by New Zealand's oldest firm of architects, Twin Peak View is completely at one with its environment. For sale through Terry Spice of Luxury Real Estate New Zealand.

National

People

Get to know Michael Lavery, director of m3architecture

Michael Lavery, director of m3architecture, would like to see Australians focus on the design of their public buildings as much as they focus on the design of their homes.

Pages

News Roundup

http://www.smh.com.au/federal-politics/political-news/australian-housing-market-facing-bloodbath-collapse-economists-20150622-ghu8a6.html

Australian housing market facing 'bloodbath' collapse: economists

The Australian real estate market is in the grip of the biggest housing bubble in the nation's history and Melbourne will be at the epicentre of an historic "bloodbath" when it bursts, according to two housing economists, Lindsay David and Philip Soos.

Sydney Morning Herald

http://www.architectureanddesign.com.au/news/new-photo-exhibition-to-feature-women-in-architect

New Parlour exhibition features women in architecture at work

The University of Sydney will host a unique photographic exhibition in July featuring women architects at work. Organised by Parlour Inc, a fast-growing, not-for-profit organisation that promotes gender equity in the architecture industry, the exhibition will be held at the Faculty of Architecture, Design and Planning’s Tin Sheds Gallery.

Architecture & Design

http://www.theguardian.com/australia-news/2015/jun/22/young-australians-put-holidays-ahead-of-real-estate-in-savings-plans

Young Australians put holidays ahead of real estate in savings plans

Young Australians are more likely to save for a holiday than a house, with men saving 46.5% more a month than women in absolute terms, even though both save a similar proportion of their income.

The Guardian

http://www.moneymorning.com.au/20150622/how-successful-investors-from-australia-compare-to-the-rest-of-the-world-cw.html

How Successful Investors from Australia Compare to the Rest of the World

Australians are more likely than other Asia-Pacific HNWIs to invest in real estate. And Aussies invest 10.6% more of their wealth in real estate, compared to those from the ‘rest of the world’ (outside the Asia Pacific region).

Money Morning

http://www.theaustralian.com.au/business/property/mon-dieu-the-australian-housing-dream-chinese-style/story-fniz9vg9-1227408814871

Mon dieu! The Australian housing dream, Chinese-style

It’s the unexpected side-effect of the Chinese love affair with our housing market — a proliferation of faux French-provincial mansions popping up in Australian suburbia.

The Australian

http://www.theguardian.com/australia-news/2015/jun/21/australian-inequality-rising-as-top-20-increase-wealth-and-income-report

Australian inequality rising as top 20% increase wealth and income – report

Australia’s rich are getting richer, and while inequality here is not as extreme as in the US or the UK, it is heading in that direction, according to a new study by the Australian Council of Social Service. Australians earning in the top 20% of incomes receive five times as much as those in the bottom 20%. A person with accumulated wealth in the top 20% has 70 times as much as a person in the bottom 20%.

The Guardian

https://sourceable.net/foreign-residential-property-investment-will-roll-on-bis/

Foreign Residential Property Investment Will Roll On: BIS

Overseas investment in housing throughout Australia will not slow down due to new Federal and State government rules imposing greater cost on foreign property transactions, a key research firm says.

Sourceable

http://www.natlawreview.com/article/rich-investors-set-to-boost-innovation-capital-australia

Rich Investors Set To Boost Innovation Capital In Australia

The Government recently announced a new three-part complying investment framework for the Significant Investor Visa (SIV) and Premium Investor Visa (PIV) programme.

The National Law Review