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Women dominate novice auctioneering competition

An all female final is looming at the 2018 Real Estate Institute of New South Wales (REINSW) Novice Auctioneers Competition for the first time, according to the REINSW.

National

Design

Housing affordability driving Aussies to spend up big on styling

Australians are spending more money than ever on styling their homes to compensate for being unable to afford their dream home, a recent survey from ME Bank has revealed.

Victoria (Vic.)

Featured Property

A slice of Noosa on sparkling Aspendale Beach, Melbourne

Picture perfect, relaxed coastal entertaining in this absolute beachfront home. For sale by Garry Donovan and Natalie Lerpiniere of Hockingstuart.

Queensland (Qld)Brisbane

People

Get to know Gary Connolly, Head of Investments at HoldenCAPITAL Partners

Gary Connolly began his financial services career in banking, transitioned to funds management with a strong focus on property and has recently become Head of Investments at HoldenCAPITAL Partners.

Tasmania (Tas.)Hobart

The Economy

Hobart housing demand higher than anywhere in Australia

While dwelling values fall across the nation, prices in Hobart are steadily rising.

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

The Economy

House prices in Melbourne and Sydney tipped to fall

Housing prices are tipped to fall by as much as four per cent, a major reversal of the previously rosy forecast, according to SQM Research.

Victoria (Vic.)Melbourne

Featured Property

1854 Swallow and Ariell Biscuit Factory warehouse conversion metres from Port Melbourne beach

This seaside sanctuary with resort style amenities is for sale through David Lack and Will Jonas of Biggin & Scott Port Melbourne.

New South Wales (NSW)Sydney

Design

Winners announced for the National Trust Heritage Awards

A signature event on the Australian Heritage Festival calendar, the winners for the National Trust Heritage Awards were announced on Friday.

Western Australia (WA)Perth

People

Get to know Lee Riddell, an agent with M Residential

With a background in construction, Lee Riddell of M Residential in Perth says a brush with a well known agent in the luxury home market led him to a career in real estate.

New South Wales (NSW)Sydney

Design

Newtown factory conversion on huge corner block

This landmark family residence enjoys a flexible dual level floorplan for grand scale living and entertaining. For sale by Alister Barrett of McGrath Leichhardt.

Pages

News Roundup

http://www.mortgagebusiness.com.au/breaking-news/8916-tens-of-thousands-switching-out-of-investor-loans?utm_source=Mortgage%20Business&utm_campaign=Mortgage_Business_Newsletter18_09_2015&utm_medium=email

‘Tens of thousands’ switching out of investor loans

Australia’s biggest bank has revealed that it is experiencing a ‘massive’ influx of borrowers seeking to reclassify their loans from investor to owner-occupier as the market adjusts to two-tiered pricing.

Mortgage Business

http://www.afr.com/real-estate/residential/yuan-devaluation-makes-australian-canadian-property-more-affordable-20150916-gjoaoi

Yuan devaluation makes Australian, Canadian property more affordable

The number of Chinese buying overseas homes will slow rapidly this year, according to Mandarin-language property portal Juwai.com, but Australia is seeing an uptick in inquiries due to Beijing's recent currency devaluation.

The Australian Financial Review

http://www.theaustralian.com.au/subscribe/news/1/index.html?sourceCode=TAWEB_WRE170_a&mode=premium&dest=http%3A//www.theaustralian.com.au/business/property/cbre-global-investors-eyes-off-docklands-tower-in-melbourne/story-fnko7zi0-1227530817885&memtype=anonymous

CBRE Global Investors eyes off Docklands tower in Melbourne

CBRE Group’s investment management unit is close to making its entry into Australia’s direct property market, with the business eyeing the purchase of the South Wharf office tower in Melbourne in a deal worth about $145 million.

The Australian

http://www.nytimes.com/2015/09/15/t-magazine/cabin-homes-new-american-dream.html?smid=fb-nytimes&smtyp=cur&_r=0

Cabins, the new American Dream

According to legend, the cabin and the shack are ideal launchpads for remarkable lives, but lately they’ve become homes to aspire to — particularly for overburdened types whose acquisitive binging has made them want to purge.

The New York Times

http://www.adelaidenow.com.au/news/national/foreign-students-buying-mansions-in-australia-ato-launches-investigation/story-fnii5s40-1227530802706

Study visa no ticket to buy Oz property

Foreign students with seemingly minimal money are buying plush mansions worth up to $5 million under laws that allow temporary residents to buy a property in Australia.

The Daily Telegraph

http://therealdeal.com/blog/2015/09/16/fundrise-expands-abroad-in-big-move-for-crowdfunding-industry/

Fundrise expands abroad in big move for crowdfunding industry

Real estate tech startup Fundrise expanded to Australia, Britain and Canada, becoming the second leading U.S. crowdfunding platform to tap into overseas capital markets.

The Real Deal

http://www.afr.com/real-estate/goodbye-percentage-commission--hello-flat-9990-fee-to-sell-your-home-20150915-gjmx1e#ixzz3lqvXjloj

Goodbye percentage commission – Hello flat $9990 fee to sell your home

Property agents Hello Real Estate have launched a flat fee of $9990 for selling homes. Hello, which is based in Sydney but also operates in South Australia and Victoria, has done away with commission-based selling and will sell an apartment or a house for the same flat fee which includes an "independent valuation" and conveyancing.

The Australian Financial Review

http://www.heraldsun.com.au/news/malcolm-turnbull-australias-property-rich-politicians/story-fnu4we2b-1227528275462

Malcolm Turnbull: Australia's property rich politicians

When Malcolm Turnbull takes on the role of Australia’s 29th Prime Minister, he also becomes the richest person to ever hold the post. Estimated to be a millionaire 180 times over, Mr Turnbull’s riches follow the path of many Aussie families whose net worth has rocketed off the property boom.

Herald Sun