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The Economy

The sale of new homes continues to decline

The HIA's New Home Sales Report shows that new home sales continue to decline from their peak.

South Australia (SA)

The Economy

House prices down in South Australia's regional market

The Valuer-General’s report on South Australian house prices for the September 2017 quarter, shows that prices in the regional housing market were down slightly, but the number of sales remains strong.

Victoria (Vic.)Melbourne

Featured Property

1890 Victorian home, renovated by interior designer Greg Natale, for sale by Whitford Property

With plenty of space for daily family life, entertaining and private retreat, the home comprises a striking open plan area along with a formal dining room and 500 wine-bottle storage. For sale by Dale Whitford and Heidi Trempel, Whitford Property Newtown.

Northern Territory (NT)

People

REINT 2017 Awards for Professional Excellence recognise the Top End's best in real estate

The Real Estate Institute of the Northern Territory held its Awards for Professional Excellence on Saturday night.

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

Design

The Block auction results positive sign for Melbourne market

All five houses in the 2017 series of The Block sold on the weekend, and though profits were down on the previous year, all sold for more than their reserve.

New South Wales (NSW)Sydney

Design

NSW government again refuses protection for Sirius

Despite an increasing number of calls to protect the brutalist icon, the NSW Environment Minister Gabrielle Upton has refused to grant Sirius heritage protection, saying the government plans to sell the building to a private developer who can demolish it.

New South Wales (NSW)

Featured Property

Landmark Bilgola position, striking contemporary design

'The Pinnacle' is aptly named. Created by renowned local architect Richard Cole to bask in a stunning north aspect, its eco-friendly design is earthy, simple and luxurious. For sale by LJ Hooker Avalon.

Victoria (Vic.)

People

REIV 2017 Awards for Excellence recognises the best in real estate

The Real Estate Institute of Victoria has recognised the best in the industry at the 2017 Awards for Excellence held at Crown Towers in Melbourne.

International

Design

Ski this winter in world-famous Japanese ski town Hakuba Valley, Japan, for 15% less

Now is the perfect time to book the Japanese ski holiday you've always dreamed of, with two of Japan's finest ski resorts, Koharu Resort Hotel & Suites and Gakuto Villas, offering 15 per cent discounts.

Queensland (Qld)

People

Chapel Hill market, south-east Queensland, strongest in five years: Reuben Packer-Hill, McGrath

Confidence in the top end of the Chapel Hill, south-east Queensland, market has improved dramatically in the last year, and the record sale price sets a new benchmark for the area, says agent Reuben Packer-Hill of McGrath Paddington.

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