The Real Estate Conversation

Contact

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

The Economy

Why is Melbourne's property market outpacing Sydney's?

Affordability, higher investor interest rates, and migration patterns favour the southern city.

South Australia (SA)

People

Bronte Manuel: South Australia's three-time auctioneering winner

Toop&Toop took home the main prizes at the 2017 Real Estate Institute of South Australia’s Auctioneering Championship, with Bronte Manuel winning top auctioneer for the third year running, and his colleague, Kirk Fernandez, winning novice of the year.

New South Wales (NSW)Sydney

People

Get to know David Tran of Laing+Simmons Liverpool

David Tran is the principal of Laing+Simmons's first 'partership' office, in which the company takes an ownership position in the business.

Victoria (Vic.)Melbourne Fitzroy

Featured Property

Historic neo-Renaissance Fitzroy landmark for sale

A grand Italianate mansion, opposite the Exhibition Building in Melbourne's exclusive Carlton Gardens, is for sale by Arch Staver and David Sanguinedo of Nelson Alexander Fitzroy.

Victoria (Vic.)Melbourne

The Economy

Is $40 Million a new benchmark for Melbourne high end residential?

New record set for residential property in Melbourne with the previous recorded at over $26 Million in Toorak for Besen House.

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

The Economy

Auction market cooling, but still hot when the right property comes along

Clearance rates are down, but when the right property comes along, the demand is still there.

New South Wales (NSW)Sydney

The Economy

Flood of new rental properties drives inner-Sydney vacancy rate to two-year high

The flow of new rental properties into the inner-Sydney market saw vacancy rates hit a two-year high in June.

Queensland (Qld)Brisbane

Featured Property

Art Deco Brisbane home with contemporary extension and views to Mt Coot-tha

An outstanding family home on 1,027m², located in a prized location and with gorgeous views, is for sale through Daniel Argent of Urban Property Agents Paddington.

Victoria (Vic.)Melbourne

The Economy

The cold weather has done nothing to cool Melbourne property prices

New data from the REIV shines a light on Melbourne's property prices: Melton South is Melbourne's most affordable suburb, and Toorak is its most expensive, while Croydon house prices surged 20% during the June quarter.

National

Politics

Time to move ahead or be left behind: REINSW

Real estate leaders met in Sydney this week to discuss professionalisation of the industry.

Pages

News Roundup

http://blogs.wsj.com/economics/2015/02/24/australias-frothy-house-prices-make-another-cut-unlikely-at-least-for-now/

Australia’s frothy house prices make another cut unlikely–at least for now

Next week the reserve bank is likely to signal its intention to cut rates again–just not immediately.

The Wall Street Journal

http://www.reuters.com/article/2015/02/24/idUSFit91508520150224

Increased Australian bank mortgage risk manageable, says Fitch

Fitch Ratings says Australian banks' generally strong loss absorption capacity leaves them well positioned to deal with increasing risks in their mortgage books.

Reuters

http://www.businessinsider.com.au/one-of-the-largest-real-estate-firms-in-the-world-may-be-up-for-sale-2015-2

One of the world's largest real estate firms possibly up for sale

New York-based property management company Cushman & Wakefield may be headed toward a sale. The Agnelli family, which owns the firm, is reportedly seeking a buyer in what could be a multi-billion dollar deal.

Business Insider Australia

http://www.news-mail.com.au/news/cause-alarm-properties-non-compliant/2555580/

More than one third of rented properties don't have correct smoke alarms

Figures compiled by Smoke Alarms Australia, Australia's longest-running residential smoke alarms specialist, after carrying out inspections in more than 140,000 residential properties Australia-wide show that over 1 in 3 (36%) properties managed by real estate agencies in Queensland require at least one of their smoke alarms to be replaced, and almost 1 in 4 (23%) have no working smoke alarms installed at all.

News Mail

http://www.mortgagebusiness.com.au/breaking-news/8196-non-major-sees-no-end-to-investor-appetite

No end to property investment boom, says ME Bank

ME Bank's national broker manager, Stewart Saunders, said that with interest rates continuing to drop, it is “definitely becoming attractive” for investors to enter the market, adding that in some areas they are almost able to positively gear properties.

Mortgage Business

http://www.afr.com/p/rate_bubbliness_brewing_in_shares_L4MAdRJTYpuqXc6W83UZYM

Rate bubbliness brewing in property

Expectations of further rate cuts and a lower Australian dollar are giving some fund managers reason to cheer financial markets higher. But others warn the bubble zone is closing in across shares, property and bonds.

The Australian Financial Review

http://www.abc.net.au/news/2015-02-24/kwinana-urban-development-law-delay-sparks-concern/6257728

Developers and Gov at odds over Kwinana industrial area

There are concerns about delays to legislation designed to stop urban development encroaching on the Kwinana industrial area in Western Australia. Property developers have been at odds with the Government over its plans to enforce a legally binding buffer zone in the Kwinana industrial area to keep heavy industry and residential communities apart.

ABC News

http://www.architectureanddesign.com.au/news/woods-bagot-rejects-merger-offers-but-other-practi

Oz architecture firms boost global reach

Woods Bagot is not the only Australian firm increasing their global presence, and although they are openly rejecting international offers for mergers deals, other Australian firms are taking the merger and alliance approach in a bid to boost international reach.

Architecture & Design