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Interest-only loans at record lows

The value of interest-only loans approved during the September quarter dived 44.8 per cent, and were a record low as a proportion of total new mortgage lending.

Victoria (Vic.)

Featured Property

World-class prestige living: one of Manningham's most spectacular homes in Park Orchards' gated community, Melbourne

A remarkable, four-bedroom French Provincial-style family home in Melbourne's Manningham is for sale through Spiro Drossos of Barry Plant Doncaster East or Mark Di Giulio of Barry Plant Doncaster East.

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

The Economy

Outer Melbourne still recording solid clearance rates, though buyer demand softening city wide

Sydney and Melbourne auction clearance rates are languishing as buyer demand softens.

Queensland (Qld)Brisbane

Construction

Brisbane council approves Australia's longest zipline

Brisbane will soon be home to Australia's longest and highest zipline, allowing visitors to zoom through the treetops with their friends, and helping to cement Brisbane's position as a global city.

Victoria (Vic.)Melbourne

The Economy

Melbourne’s million-dollar listing boom: REIV

New REIV data shows that 154 Melbourne suburbs have a median house price of $1 million or higher, from a total of 402 suburbs.

New South Wales (NSW)Sydney

Featured Property

Beachside home on Sydney's Bungan Beach: a modern masterpiece with glorious ocean and district views

An impressive home less than 300m from the sand and surf of Bungan Beach on Sydney's northern beaches. For sale through Peter Robinson of LJ Hooker Palm Beach.

National New South Wales (NSW)Sydney

The Economy

RBA affordability report paints bleak picture of first homes

The Reserve Bank's December Bulletin has painted a bleak picture of the homes first-time buyers can afford, particularly in Sydney.

Victoria (Vic.)Melbourne

Construction

Luminary Hawthorn: perfect for the downsizer, with generous floorplans and close to the heart of Melbourne

Designed by renowned architects Plus Architecture, and with interiors by Mim Design, Luminary Hawthorn ticks every requirement for sophisticated inner-city living.

New South Wales (NSW)Sydney

Politics

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.

Pages

News Roundup

http://www.dailytelegraph.com.au/realestate/news/the-26-sydney-suburbs-smashing-real-estate-records/story-fni0cly6-1227376204877

The 26 Sydney suburbs smashing real estate records

In just three months an amazing 26 suburbs have recorded new all-time high house prices, some soaring by nearly $2 million. The city-wide phenomena, from Parramatta in the west, Chifley in the east, Sandringham in the south and Balgowlah in the north, has seen the booming residential market jump 6.6 per cent since January, according to Core Logic RP Data figures. That represents a massive increase of 15.1 per cent since this time last year.

The Daily Telegraph

http://www.heraldsun.com.au/realestate/news/potts-point-car-spot-sells-for-264000/story-fni0cly4-1227374140732

Potts Point car spot sells for $264000

As Sydney's real estate prices skyrocket a car space has sold for $264,000.

Herald Sun

http://www.couriermail.com.au/realestate/news/good-as-gold-for-investors/story-fnihpu6h-1227373145668

Good as Gold for investors

Seven years after the global financial crisis knocked the wind out of the Gold Coast’s billowing property sales, the area has started racking up double digits again.

Courier Mail

http://www.nytimes.com/2015/05/31/realestate/paul-mccartneys-15-5-million-central-park-view.html?_r=0

Paul McCartney's $15.5 Million Central Park View

A duplex penthouse at 1045 Fifth Avenue, a bronze-glass apartment building in a neighborhood where limestone and brick prewar co-ops are more the norm, sold to Paul McCartney and his wife, Nancy Shevell, for $15,500,000, and was the most expensive closed sale of the week, according to city records.

The New York Times

http://www.afr.com/real-estate/residential/nsw/residential-property-auction-frenzy-in-sydney-and-melbourne-20150531-ghdc3g

Auction frenzy continues

Sydney's booming housing market is showing no sign of fatigue, galloping to another strong result on the weekend. The clearance rate in Sydney hit 86.5 per cent of the 1.120 homes taken to market, a marginally better result than the previous week, on preliminary CoreLogic RP Date figures. In Melbourne, Australia's largest auction market, the appetite was also strong, with a 78.3 per cent clearance rate of the 1221 homes put on the block.

The Australian Financial Review

http://news.domain.com.au/domain/real-estate-news/south-brisbane-apartment-complex-best-in-australia-20150531-ghdmrc.html

South Brisbane apartment complex 'best in Australia'

It's been dubbed Australia's best apartment complex. Nestled among South Brisbane's cultural precinct, the Austin apartments were last month declared Australia's best highrise residential development at the Asia Pacific International Property Awards.

Domain News

http://www.smh.com.au/business/nbn-faces-developer-anger-as-revenue-rises-20150527-ghah5x.html

NBN faces developer anger as revenue rises

Australia's property developers say they are "deeply concerned" by the federal government's plan to charge thousands of dollars more for connecting new home buyers to the national broadband network.

The Sydney Morning Herald

http://www.afr.com/real-estate/residential/house-price-boom-nowhere-near-as-strong-as-last-time-20150528-ghak7a?login_token=M9rJTtVasY9Rj0EU6vFWMUzRRy06TKM7L8B8PVeXwRQOJQKRzoKqr9zm9DuAcGeOpNkrlKD3hQv_aE6mpCiZWg&member_token=RzmIhTkgD6QCfNtgKjkwu6MCAL8xB79wkHH07uP-7uzYNbCgH2_9AeeaCZ_FHN-Ix9VADGvtqWu1ZU2PCpZkWw&expiry=1464481366

House price boom 'nowhere near as strong' as last time

The current boom is moderate by comparison to that of 2001-04. Since the latest upswing started, three years ago in May 2012, Sydney house values have risen 38.8 per cent according to CoreLogic. In the three years after 2000, the rise was 60.2 per cent. Similarly in Melbourne, the latest rise is 23.6 per cent over the last three years compared to 58 per cent in the three years after 2000.

The Australian Financial Review