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Couple buy house online while camping in the outback

A Broome property has sold entirely online on Openn Negotiation, to buyers who were 934kms away camping at Karijini National Park.

National

The Economy

Forecasting a drop in housing pricing a wasted exercise: REIA

The REIA said doomsday housing price forecasts is highly questionable when you look at history.

New South Wales (NSW)

People

Prestigious real estate team joins The Agency’s growing Wollongong operation

The Agency welcomes Sean O'Connor, Jake O'Connor, Jennifer McCormack and Tony Johnson into the fold in the Illawarra region.

National

Construction

PCA recommends a $50,000 ‘New Home Boost’ scheme

As the Property Council of Australia looks ahead for longer term stimulus in the building industry, the Housing Industry Association says incentives now are needed for the second half of 2020, to save half a million jobs.

Western Australia (WA)

The Economy

Six year low reached for residential listings in WA

There are a few signs the Perth residential property market has been impacted by COVID-19 with the market seeing higher demand than supply and available stock dropping through the period, according to REIWA president Damian Collins.

Tasmania (Tas.)

The Economy

Two speed property market developing in Tasmania

As sales of properties ease due to COVID-19, the sale of vacant land has been a standout, according to REIT president Mandy Welling.

National

The Economy

Expats, Locals and Couples looking for more space dominate Market

Melbourne, Sydney and Brisbane agents say more qualified local and expat buyers are coming into the market, making the most of low AUD and very low interest rates.

Western Australia (WA)Perth

The Economy

Perth’s residential market well placed for faster recovery

Perth experiences its sixth consecutive month of price growth in April, according to Momentum Wealth.

National

People

John McGrath – Locals regain confidence as foreign buyers retreat

Many properties are selling within two weeks, indicating strong demand is still there, said John McGrath, founder of McGrath Estate Agents.

New South Wales (NSW)

Featured Property

Gracious New England style estate Southern Highlands for sale - The Agency

Kywarra Nathan Street Berrima for sale by Ben Olofsen and Stephanie Blatch of The Agency is an exquisite family estate in the highly sought after Southern Highlands village.

Pages

News Roundup

http://www.theaustralian.com.au/business/opinion/bernard-salt-demographer/australia-sells-off-the-farm-so-others-can-feed-the-world/news-story/4b541037b3474b33fb4750b5099cfffa

Australia sells off farm to feed the world

Surely the greatest issue in the 21st century will be food and food production.

The Australian

https://www.domain.com.au/news/sydney-house-prices-to-fall-5-per-cent-over-next-two-years-according-to-bis-oxford-economics-20170309-guu6dq/

Sydney house prices ‘to fall 5% over next two years’: BIS Oxford Economics

Sydney’s house prices are expected to decline from mid-2017, with even higher declines likely in national apartment markets, a housing research company has predicted.

Domain

http://www.afr.com/real-estate/residential/treasury-proposes-making-it-easier-and-cheaper-for-foreign-buyers-20170309-guud8y

Treasury proposes making it easier and cheaper for foreign buyers

A new federal Treasury consultation paper proposes making it easier and cheaper for foreign investors to purchase new homes in Australia and invest in areas such as retirement living, aged-care, and student accommodation.

The Australian Financial Review

http://www.theaustralian.com.au/national-affairs/coalition-talks-up-housing-affordability-package-in-may-budget/news-story/6d89d6461ba2dfa9bba3d3a57b579110

Coalition talks up housing affordability package in May budget

The government has raised expectations that a housing affordability package will be delivered in the May budget.

The Australian

https://www.domain.com.au/news/international-womens-day-2017-the-change-female-property-leaders-want-to-see-in-the-industry-20170307-guoyio/

The change female property leaders want to see in the industry

With this year's IWD dedicated to creating a more gender inclusive world, with the theme “be bold for change”, Domain asked five female leaders from the property sector how to get more women to the top.

Domain

http://www.afr.com/real-estate/gold-clients-only-for-overseas-property-loans-says-citi-20170307-gut0ss

'Gold' clients only for overseas property loans, says Citi

Citigroup will limit mortgages for overseas buyers amid concerns about its capacity to handle the increase in applications after the withdrawal of most other Australian banks.

The Australian Financial Review

http://www.afr.com/real-estate/long-rents-open-door-to-housing-affordability-holy-grail-20170306-gurefj?et_cid=29069057&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/real-estate/long-rents-open-door-to-housing-affordability-holy-grail-20170306-gurefj&Email_name=MW5-03-08&Day_Sent=08032017

Long leases open door to housing affordability 'holy grail'

Changes to rental law to enable residential leases of 10 years or more, which are being introduced in Victoria and NSW, could open the door for a wave of institutional investment into housing.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/cba-chief-ian-narev-warns-against-just-tinkering-with-home-affordability/news-story/8095a3ee44e77679ab82c3df1d8707fb

CBA chief warns against ‘tinkering’ with home affordability

Ian Narev says CBA doesn't support "individual debates about one or other of these policies in the absence of a broad view as to the different drivers of housing affordability."

The Australian