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Brisbane set for second-highest office rental growth in Asia Pacific: Knight Frank

Knight Frank's forecasts for 15 prime office markets in the Asia Pacific show that Brisbane is likely to experience office rent growth of 16.5 per cent in the three years until 2020.

Queensland (Qld)Gold Coast

Design

Gold Coast Open House 2017: 40 houses, buildings, places and spaces

The Gold Coast Open House 2017 starts on 4 November and has something for everyone.

New South Wales (NSW)

People

REINSW's 20th Awards for Excellence

New South Wales' top real estate performers were recognised last week at the 2017 Real Estate Institute of New South Wales Awards for Excellence Gala Dinner.

Tasmania (Tas.)Hobart

Featured Property

Tasmanian avant-garde meets waters edge from Knight Frank Hobart

Nestled on a ridge overlooking the Derwent River, this minimalist home's elevated outlook is pure nautical with two-storeys of sweeping water views. For sale by Tom Triffitt, Knight Frank Hobart.

New South Wales (NSW)Sydney Queensland (Qld)Brisbane Victoria (Vic.)Melbourne

The Economy

Melbourne auction market outperforming Sydney

Auction clearance rates were below 70% around the country last week except in Melbourne, where solid volumes were recorded and the clearance rate was in the mid 70s.

Victoria (Vic.)

Politics

Victoria's tenancy reforms could weigh on supply at a time of strong population growth: Gil King, REIV

The Victorian state government's draft tenancy reforms haven't taken the supply-side impact into account, says Gil King, CEO of the REIV.

Victoria (Vic.)Melbourne

People

Allard Shelton appoints John Mascaro as associate director

Senior property manager John Mascaro has been appointed Associate Director of Allard Shelton.

New South Wales (NSW)

Featured Property

'Garden Island' paradise in Port Stephens

A pavilion-style home with Japanese and Australian design influences in a tranquil island paradise, 'Garden Island' is a magnificent whole-island retreat in the heart of Port Stephens. Designed by award winning architect Philip Pratt, the home has sweeping sea views from Nelson Bay to Lemon Tree Passage and Soldiers' Point. For sale by Adrian Culpin, McGrath.

Western Australia (WA)Perth

The Economy

Perth real estate: "We should just hang in there" says David Arnold of Ethos Property

The latest data from the REIWA shows the Perth property market held steady in September.

International

Design

Berawa beach 5 villa integrated complex blends outdoors with indoor living Bali

Bali gardens highlight this private five villa, nine bedroom compound for sale Berawa beach, Neil Power Xclusive property Bali.

Pages

News Roundup

http://www.businessspectator.com.au/article/2015/5/18/property/forces-driving-foreign-buyers-aussie-real-estate

The forces driving foreign buyers to Aussie real estate

Higher government taxes and tougher legislation are unlikely to deter the nouveau riche of Asia seeking to diversify their investment portfolios. Residential real estate is increasingly a global commodity. In the end, market forces, not government regulations, will determine the level of foreign investment in Australia’s residential sector.

Business Spectator

http://www.heraldsun.com.au/realestate/news/camberwell-home-sells-for-about-1nbspmillion-above-reserve/story-fni0ckoj-1227359053621

Camberwell home sells for about $1 million above reserve

A five-bedroom Camberwell home achieved one of the top results last week, selling for $4.5 million, which was about $1 million above the reserve price. Jellis Craig, Hawthorn, director Richard Winneke said he had expected the home to sell in the mid $3 million range.

Herald Sun

http://www.afr.com/real-estate/residential

Owner-occupiers tipped to access cheaper home loans than investors

As the Australian Prudential Regulation Authority demands banks slow investor credit growth to less than 10 per cent a year, there are signs some lenders will use pricing to target owner-occupiers.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/melbourne-auction-clearance-rate-hits-five-year-high/story-fniz9vg9-1227358220968

Melbourne auction rate hits 5 year high

Melbourne’s auction clearance rate surged to a five-year high at the weekend while figures in Sydney cooled slightly.

The Australian

http://www.afr.com/opinion/columnists/payforvisa-scheme-to-force-wealthy-to-invest-in-venture-capital-private-equity-20150514-gh1ss8

Pay-for-visa scheme to force wealthy to invest in venture capital, private equity

It is about to become harder for wealthy foreigners – mainly Chinese – to invest millions of dollars in Australian residential real estate or government bonds to buy the right to permanent residency.

The Australian Financial Review

http://www.abc.net.au/local/stories/2015/05/15/4236177.htm?site=capricornia

Improved beef industry promising for Rockhampton real estate market

A central Queensland real estate agent says the recent success of the industry event Beef Australia 2015 is a good sign for the property market.

ABC News

http://business.financialpost.com/personal-finance/mortgages-real-estate/even-the-prime-minister-is-warning-canadians-about-household-debt-as-housing-boom-turns-patchy

Even the prime minister is warning Canadians about debt as housing boom turns patchy

Canadian Prime Minister Stephen Harper warned on Thursday that some consumers are overexposed to mortgage debt even if the housing market remains stable, a rare nod by the government to high consumer debt levels in an uneven housing market. Harper said his Conservative government would not consider a tax on foreign purchases of real estate.

Financial Post

http://www.dailytelegraph.com.au/news/nsw/under-the-hammer-sydney-real-estate-agency-prosecuted-for-under-quoting/story-fnpn118l-1227262738596

Bresic Whitney prosecuted for ‘under quoting’

A leading Sydney real estate agency is being prosecuted for under quoting and could lose its licence.

Sunday Telegraph