The Real Estate Conversation

Contact

Featured Property

Fresh Newtown semi with original features in quiet street close to King St buzz

Tucked away in a quiet no-through street just behind the buzz of King Street, with its elegant frontage, portico entry, classic verandah and original leadlight windows, this home is ideal for those who love the pulse of inner city living. For sale by Anthony Tripodi and Marco Bellina of Belle Property Newtown.

New South Wales (NSW)Sydney

Design

City of Sydney council orders developer to rebuild heritage facade

The developer who demolished most of the heritage-protected 1912 Edwardian facade of a Potts Points building, has been ordered to rebuild the wall and could face heavy fines.

International

People

Beyoncé and Jay-Z buy $32m Hamptons estate

Only a couple of months after buying a $113 million mansion in Bel Air, Beyoncé and Jay-Z have dropped a cool $32 million on a seven-bedroom mansion in the Hamptons.

National

Design

Why poor suburbs are hotter

Increased density in our cities may be causing temperatures to rise on our streets, according to a new report by RMIT, the CSIRO, and the University of Western Australia.

New South Wales (NSW)

Featured Property

Northern Rivers 1890s master residence with 44ha of prime farmlands

Positioned in the Northern Rivers hinterland with panoramic views from Mount Warning to the Border Ranges and beyond, 'Carinya' is a stunning rural retreat perfectly aligned with the beauty of its surrounds, occupying a versatile 108 acres of prime fertile farmland. For sale by Gary Brazenor and Denzil Lloyd of Unique Estates Australia.

Queensland (Qld)Brisbane Western Australia (WA)Perth

The Economy

ANZ issues lending 'blacklist' for Perth and Brisbane

ANZ is clamping down on lending in Perth and Brisbane to encourage greater honesty in loan applications and amid concerns about apartment oversupply and softening prices.

Queensland (Qld)Brisbane

The Economy

'Batman Tunnel' Ascot home fetches record price

An Ascot, Brisbane, home that attracted global headlines for its 50-metre 'Batman'-style entrance tunnel, has fetched a record price for the suburb.

National Victoria (Vic.)

People

Get to know Jordan Culham, finalist in the 2017 Schools Auctioneering Championship

Before competing in the 2017 Schools Auctioneering Championships, Jordan Culham knew little about the industry. But after competing at a national level, Culham is considering auctioneering as a career.

Western Australia (WA)Perth

Featured Property

Multiple-award-winning South Fremantle apartments with sustainable features and industrial finishes

Two apartments in the multiple-award-winning development, 19 Douro Road, South Fremantle, are for sale with Christine Majeks of dethridgeGROVES.

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

The Economy

Vaucluse vendor makes over $1 million in 13 months

Limited stock in Sydney's eastern suburbs means prices are still rising rapidly, says James Nixon of Belle Property Double Bay.

Pages

News Roundup

http://www.mortgagebusiness.com.au/breaking-news/8474-investors-loans-to-be-repric?utm_source=Mortgage%20Business&utm_campaign=Mortgage_Business_Newsletter12_05_2015&utm_medium=email

Owner-occupiers receive additional rate cut

Advantedge has announced an additional 15-basis-point discount to its owner-occupied loans, signaling the start of price differentiation in the Australian mortgage market. Price differentiation has repeatedly been tipped as a possibility after the RBA and APRA flagged macroprudential tools as a potential means of reining in the investment segment of the mortgage market last year.

Mortgage Business

http://www.mortgagebusiness.com.au/breaking-news/8472-nation-s-largest-lender-under-margin-pressure?utm_source=Mortgage%20Business&utm_campaign=Mortgage_Business_Newsletter11_05_2015&utm_medium=email

Nation’s largest lender CBA under margin pressure

A report on Australia’s biggest bank has found it will face ongoing margin pressure after its quarterly trading figures came in below system growth. A Morningstar report last week noted that CBA earnings growth “disappointed” in the March quarter.

Mortgage Business

http://www.afr.com/real-estate/home-auctions-hit-record-but-its-not-all-down-to-rbas-rate-cut-20150510-ggy60t

Home auctions hit record, but it's not all down to RBA's rate cut

The weekend after the RBA cut rates to buttress the economy, and help return the budget to surplus, the Sydney market showed no signs of abating, posting a Saturday auction clearance rate of 89.2 per cent, above last week's 86.5 per cent, said Australian Property Monitors.

The Australian Financial Review

http://www.theaustralian.com.au/national-affairs/politics-news/labor-greens-senators-seek-return-of-rental-affordability-scheme/story-fn59nqld-1227347601787?sv=9b467c7695cf4b0930c7ce9c3d058bea

ALP & Greens seek return of rental affordability scheme

Labor and Greens senators have recommended reviving the troubled National Rental Affordability Scheme, blaming “teething troubles” and understaffing for its shortcomings. The final report of a broad-ranging Senate inquiry into housing affordability said while the scheme needed to be improved the NRAS had made a very significant contribution to the supply side of affordable housing and the government should build on its success.

The Australian

http://www.news.com.au/finance/real-estate/foreign-interest-in-real-estate-boosting-aussies-collective-wealth/story-fndbalka-1227343137907

Foreign interest in real estate boosting Aussies collective wealth

“I believe strongly that the collective wealth of Australians is enhanced by having our property markets less restricted to foreign interests than otherwise,” said Brian White, co-chairman of Ray White. “I’m not suggesting the present structure is bad, it’s just some people are trying to restrict further. I would urge caution on any further restrictions.”

news.com.au

http://www.theglobeandmail.com/life/home-and-garden/real-estate/some-wonder-if-its-time-vancouver-acts-to-slow-foreign-buyers/article24341903/

Some wonder if it’s time Vancouver acts to slow foreign buyers

The Real Estate Board of Greater Vancouver issued a press release this week that said sales of detached properties in April had gone up 70.6 per cent since April, 2013. The benchmark price had gone up 12.5 per cent this year over last, to $1.079-million. The same release said the supply is simply not meeting the insatiable demand.

The Globe and Mail

http://www.afr.com/news/policy/budget/federal-budget-2015-coalition-labor-draw-battle-lines-over-wealthy-retirees-20150507-ggwbk6

Federal Budget 2015: Coalition, Labor draw battle lines over wealthy retirees

Thanks to the work of Social Services Minister Scott Morrison, this budget has set up a political battle for the hearts and minds of the nation's better-off retirees.

The Australian Financial Review

https://www.therealestateconversation.com.au/Architecture%20students%20create%20vital%20infrastructure%20in%20remote%20communities

Architecture students create vital infrastructure in remote communities

With support from the MacDonnell Regional Council, 12 University of Melbourne students have travelled to the remote Indigenous communities of Areyonga and Amoonguna in the Northern Territory to build much-needed facilities.

The Age