The Real Estate Conversation

Contact

Auction clearance rate at 51.4 per cent nationally

It was the first Saturday where real estate agents worked hard to adapt to the new regulations set by the Government of no open homes or on-site auctions.

National

The Economy

John McGrath – How real estate operates through COVID-19

Good old fashioned one-on-one buyer appointments are a very effective way of selling property.

National

The Economy

REIA said Prime Minister is ignoring agent in tenancy agreement

The Prime Minister wants tenants and landlords to talk and agree, but the REIA says the main component of that relationship is the real estate agent and they need an income.

National

Ray White launch new private auction platform with great success

Ray White Group today successfully launched its innovative new private auction platform as bidders flocked to the virtual world to bid and buy in the ‘new normal’ way.

Victoria (Vic.)Melbourne

Expat interest in Australian property increasing

Williams Media spoke to Managing Director of Kay & Burton, Ross Savas about their 81% clearance rates last weekend.

New South Wales (NSW)Sydney

People

Get to know Mark Manners of Knight Frank Prestige Residential Sales

“With the current share market volatility, I think we will see more people moving money into property as a safe haven.”

Victoria (Vic.)Melbourne

Featured Property

Deepdene landmark residence ‘Parkside’ sold by Kay & Burton

This restored 1930s family home on Deepdene Park has been sold by Scott Patterson, Walter Dodich and Garrick Lim of Kay & Burton at private auction.

National

The Economy

Tenants and property managers need Government help: REIA

REIA president Adrian Kelly stated there are some 3.3 million properties that are rented/available for rent across Australia

National

The Economy

Auctioneers prepare to take on the new world order

With 3,065 capital city properties registered for auction, CoreLogic said it is a 'wait and see' how the weekend will play out.

National

The Economy

Online auction platforms experience unprecedented growth

Online auction platforms have become necessary for the real estate industry. WILLIAMS MEDIA lists those companies moving ahead.

Pages

News Roundup

http://www.smh.com.au/business/federal-budget/treasury-says-tax-expenditures-cost-150-billion-20170130-gu1qoe.html

Treasury says tax expenditures cost $150 billion

The capital gains tax exemption on family homes cost the budget a record $61.5 billion in 2016-17, more than the $33 billion lost to superannuation tax concessions.

The Sydney Morning Herald

http://www.abc.net.au/news/2017-02-01/home-prices-keep-rising-in-january-corelogic/8228642

Affordability expected to worsen despite property slowdown later this year: CBA

It may become even harder to get into the housing market if the Federal Government doesn't change tax policies to reduce investor demand, say economists at Australia's biggest mortgage lender, CBA.

The ABC

http://www.afr.com/real-estate/westpac-closes-home-loan-loophole-20170130-gu1npg

Westpac closes home loan loophole

Westpac is closing a loophole to stop property buyers using a combination of personal loans and mortgages to fund deposits, or to top-up shortfalls if properties are revalued at less than the purchase price.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/auction-action-brings-house-down/news-story/b06c682aac96f83f9743726668ec51fa

Auction action brings house down

More than $40m changed hands at a Gold Coast auction event on Sunday.

The Australian

http://www.afr.com/business/retail/appliances/the-30000-fridge-becomes-a-must-have-in-real-estate-boom-20170131-gu2par?et_cid=29063922&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/business/retail/appliances/the-30000-fridge-becomes-a-must-have-in-real-estate-boom-20170131-gu2par&Email_name=MW5-02-01&Day_Sent=01022017

$30,000 fridge from Winning Appliances becomes a must-have in real estate boom

High-end fridges are viewed as a "must-have" by homeowners and renovators in wealthy suburbs.

The Australian Financial Review

https://www.domain.com.au/news/nsw-investors-back-at-record-highs/

NSW investors back at record highs

Residential investor activity in NSW is surging towards record highs.

Domain

https://www.domain.com.au/news/the-agency-arrives-in-sydney-with-the-aim-of-disrupting-real-estate-giants-20170130-gu1o6w/

The Agency arrives in Sydney with the aim of disrupting real estate giants

A new player will enter Sydney’s crowded real estate market on Wednesday with hopes to take market share from industry giants and upset the long-established franchise model.

Domain

http://www.afr.com/real-estate/roy-morgan-finds-7-per-cent-of-mortgage-holders-have-equity-risk-20170131-gu20vx

Roy Morgan finds 7% of mortgage holders have equity risk

About 7% of Australian mortgage holders have little or no real equity in their homes, says report.

The Australian