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WA state budget good news for property owners

The 2017 Western Australian State Budget left property taxes alone, but introduced a new 4 per cent foreign-owner duty surcharge.

Western Australia (WA)Perth

Featured Property

Eccentric masterpiece in Subiaco

Industrial style masterpiece in Subiaco, Perth, Western Australia, with avant garde interior design. For sale by Adrian Abel, Abel Property.

National

People

2017 Australasian Auctioneering Championships Finalists

The six finalists for the 2017 Australasian Auctioneering Championships are Mark McGoldrick (New Zealand), Bronte Manuel (South Australia), Ned Allison (New Zealand), Clarence White (NSW), and last year's winner, Justin Nickerson (Queensland).

National

The Economy

Bank of mum and dad growing the divide between those who can and those who can't buy property

The latest Adelaide Bank/REIA Housing Affordability Report shows affordability is worsening, just as new research from Mozo shows increasing numbers of parents are stepping in to help their children get a foot on the property ladder.

Queensland (Qld)Brisbane

People

Get to know Liza Ringdahl, bringing her passion for neuroscience into the sphere of education architecture

Liza Ringdahl has recently been appointed senior education leader with architecture practice, Hayball.

Victoria (Vic.)

Featured Property

'Hexham Lodge' estate on acreage, Wallington, Victoria

'Hexham Lodge' is for sale through Toby Lee and Peta Walter of Bellarine Property Barwon Heads Victoria Australia.

International

People

2017 Australasian Auctioneering Championships kick off at Adelaide's Crown Plaza 5-7 September

Australia and New Zealand's top auctioneers will battle it out at the 2017 Australasian Auctioneering Championships, being held this year on 5-7 September, hosted by the Real Estate Institute of South Australia.

Western Australia (WA)Perth

Markets

Perth property prices could tick higher this spring: REIWA

With spring expected to draw an influx of buyers, and amid tight supply of properties for sale, Perth property prices could rise in the coming months, says Hayden Groves, president of the REIWA.

New South Wales (NSW)

People

REINSW summit examines The Future Agent

The REINSW's fifth annual summit marked another step on the industry's journey to being recognised as a profession.

Queensland (Qld)Sunshine Coast

Featured Property

Laguna Bay views, Noosa Heads apartment

Walk to Hastings Street, Main Beach and Noosa National Park. One of only three apartments in the building, for sale by Imika Neylan and Dan Neylan of Dowling Neylan Noosaville Queensland.

Pages

News Roundup

http://www.chicagotribune.com/news/sns-wp-blm-news-bc-australia-housing21-20150421-story.html

Mine bust halves home prices in Australia Outback

Australia is experiencing a two-speed housing market: while prices in Sydney have surged to records, the end of the mining boom is depressing home values in commodity-rich regions where prices once rivaled those in New York and London.

Chicago Tribune

http://www.smh.com.au/business/australian-property-seen-as-hot-destination-for-money-laundering-20150422-1mqpdn.html

Australian property seen as hot destination for money laundering

Australia needs to tighten safeguards against money laundering in its booming property market, which has attracted Chinese funds with likely links to corruption, an international anti-money laundering body said in a report.

The Sydney Morning Herald

http://www.news.com.au/finance/real-estate/housing-affordability-means-re-evaluating-the-australian-dream/story-fndban6l-1227313310496

Housing affordability means re-evaluating the Australian dream

The core issue is being able to afford a property in a location where first home buyers want to live. And the city’s outskirts, where homes are most affordable, are not those places. Chances are they can’t settle where they would like to. They would rather rent.

news.com.au

http://www.businessinsider.com.au/meet-the-aussie-startup-which-gives-businesses-the-same-technology-employed-to-track-serial-killers-2015-4

Aussie start-up helps real estate business

Australian startup Ruppells Griffon uses geospacial technology to help businesses understand their customers better or identify new sales opportunities, and real estate agents can use it to find trends in the rental property market.

Business Insider Australia

http://www.miningaustralia.com.au/news/mining-house-prices-heading-south-with-commodities

Mining house prices heading south with commodities

Property prices have plummeted in mining towns around Australia, closely tied to commodity prices according to a new report. Real estate valuers Propell have charted the significant losses in the housing market in Queensland, Western Australia and New South Wales over the past few years, with projections showing housing prices will continue to fall.

Australian Mining

http://www.architectureanddesign.com.au/news/plans-leaked-sydney-s-badgery-creek-airport-said-t

Sydney’s Badgery Creek Airport to commence construction next year

Confidential plans for Sydney's second airport at Badgerys Creek have been leaked, showing that the airport would eventually rival the size of JFK International Airport in New York.

Architecture & Design

http://www.afr.com/real-estate/commercial/qualitas-spends-80m-on-st-kilda-road-tower-20150422-1mqdjj

Qualitas spends $80m on St Kilda Road tower

Boutique real estate financier Qualitas has acquired a St Kilda Road office tower for $80 million with plans to convert it into a luxury $300 million apartment development targeted at downsizing empty nesters.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/house-price-growth-to-slow-next-year-nab/story-fn9656lz-1227313312530?utm_content=SocialFlow&utm_campaign=EditorialSF&utm_source=TheAustralian&utm_medium=Twitter

House price growth to slow next year: NAB

The national growth in house prices is tipped to hit 4.4 per cent by the end of 2015, before slowing next year. The National Australia Bank’s quarterly residential property survey predicts Sydney will lead the charge with house price growth of 7.7 per cent by the end of this year.

The Australian