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Aussies believe they need $830,000 to be 'financially free'

Most Australians believe they need $830,000 to significantly improve their lives forever, but residents of NSW say they need a bit more than that.

South Australia (SA)Adelaide

Featured Property

Grand North Adelaide manor circa 1890 on elegant estate

This historic mansion, positioned in a world class location within two kilometres from the city, is for sale by Sally Cameron of Toop & Toop.

New South Wales (NSW)Sydney

Politics

New NSW housing code to boost the 'missing middle' in Sydney

Homeowners and developers wanting to build medium-density housing should find approvals faster and more straightforward under new processes being introduced by the NSW government.

Western Australia (WA)

The Economy

Increasing property taxes won’t fix WA’s budget woes: REIWA

The REIWA says increasing property taxes in the upcoming state budget could jeopardise the 'green shoots' of recovery emerging in the housing market.

National

The Economy

Demand rising for variable-rate mortgages, despite "growing speculation" rates headed higher this year

The proportion of borrowers choosing a variable-rate home loan has been rising steadily each month, according to the latest data from Mortgage Choice.

Queensland (Qld)Gold Coast

Featured Property

Your own piece of paradise in the exclusive River Cove Estate Helensvale

This family home on a substantial waterfront block is the ultimate expression of Gold Coast living. For sale by Evan Molloy and Dana Gotlieb of Hope Island Resort Realty.

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

The Economy

Vendors holding off ahead of school holidays

Auction volumes and clearance rates are well down on last year's results.

National

The Economy

Australia must maintain record rate of housing supply: HIA report

In 2016, Australia built a record 230,000 new homes. The nation needs to maintain this rate of supply for the next thirty years to meet future housing needs, says the HIA.

New South Wales (NSW)

Construction

Liverpool Range to be Australia's largest wind farm

Australia's largest wind farm has been approved by the New South Wales government.

New South Wales (NSW)Sydney

Featured Property

Alex Popov beachfront masterpiece hits the market in Whale Beach

The Hutt is an award-winning design with stunning interiors and breathtaking ocean views. For sale by David Edwards of LJ Hooker Palm Beach.

Pages

News Roundup

http://www.bbc.com/news/business-34082850

When a slump hits a vast iron ore mine in Australia

Australia's iron ore industry has hit a slump after decades of boom fuelled by rampant demand from China. This is threatening the livelihoods of thousands of miners and entire communities dependent on these vast opencast mines.

BBC News

http://www.nytimes.com/2015/08/27/realestate/house-hunting-in-sweden.html?_r=0

House hunting in Sweden

The real estate market in Sweden is robust, agents say, citing a strong national economy, an independent currency and very low interest rates for mortgages.

The New York Times

http://www.dailytelegraph.com.au/realestate/news/sydneys-property-market-boom-is-finally-over-but-house-prices-remain-high/story-fni0cly6-1227503249897

Sydney's property market boom is finally over but house prices remain high

Sydney’s housing boom has finally reached its peak, but don’t expect house prices to start falling any time soon. Property pundits said lofty prices, waning demand from investors and an increase in the supply of homes for sale would drive the slowdown but prices would remain steady.

The Daily Telegraph

http://www.ft.com/cms/s/0/ab4fd018-4fae-11e5-9497-c74c95a1a7b1.html#axzz3kSkPlGOE

Australia set to rack up world's longest growth streak

Australia is on track to surpass 26 consecutive years of growth, according to its treasurer, swiping the modern-era record from the Netherlands despite a slowdown in its biggest trading partner, China.

Financial Times

https://sourceable.net/crowdfund-next-architecture-project/

How to Crowdfund Your Next Architecture Project

Crowdfunding as a way of financing your businesses and projects through donations of money from the public is continuing to grow in popularity. But what opportunities can it deliver the architecture profession to help get designs off the drawing board or designed more efficiently?

Sourceable

http://www.architectureanddesign.com.au/news/australand-rebranded-as-frasers-property-australia

Australand rebranded as Frasers Property Australia

Diversified property group Australand will henceforth be known as Frasers Property Australia, following its acquisition almost a year ago by Frasers Centrepoint Limited (FCL). The rebranding marks the completion of the integration of Australand with FCL’s existing Australia business, Frasers Property Australia.

Architecture and Design

http://www.smartpropertyinvestment.com.au/news/14521-global-conditions-set-to-drive-domestic-market

Global conditions set to drive domestic market

Foreign investment in Australian real estate may be set to continue at an increased pace, with the Federal Treasurer pointing out that “skittish” Chinese investors are likely to be seeking refuge from their torrid home market. An increasing number of wealthy Chinese investors wary of domestic market conditions may turn to Australia as a safe investment option.

Smart Property Investment

http://www.businessinsider.com.au/10-sport-building-nominees-for-the-world-architecture-festival-2015-8#/#adelaide-oval-redevelopment-by-cox-architecture-adelaide-australia-1

10 awesome architectural wonders dedicated to sports

The World Architecture Festival is an annual celebration of the most beautifully designed buildings around the globe. At this year’s festival, held in Singapore in November, the winner of “building of the year” will be selected from a list of 338 designs, 10 of which are dedicated to sports.

Business Insider