The Real Estate Conversation

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How close did we come to having our own Grenfell disaster?

Eerily close, according to Evaculife Managing Director, Bruce Bromley, who says the La Crosse apartment building in Melbourne’s Docklands could have easily suffered the same fate as the Grenfell disaster in London.

National

The Economy

Luxury market defies downturn: Knight Frank

The Australian prime residential market has, and continues to, travel at a different pace to the mainstream housing market, according to Knight Frank’s latest research report - the Australian Prime Residential Review – 2018.

National

The Economy

Market rationalisation underway, says REIA

The Australian property market is experiencing a rationalisation of agents due to tighter lending criteria, which is seeing longer listing times and stagnant prices particularly on the east coast, according to the Real Estate Institute of Australia (REIA).

Queensland (Qld)Gold Coast

Featured Property

Enviable Southport estate with private Main River beach

Live the quintessential Hamptons-inspired lifestyle on the Gold Coast with this luxury 5 bedroom residence boasting floating pontoon for 65ft. watercraft. For sale by Eddie Wardale and Michael Kollosche of Kollosche Prestige Agents.

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

The Economy

"A smooth process:" despite market, quality homes continue to perform

Di Jones reveals that solid interest from buyers continually results in auction activity despite the slow market.

Queensland (Qld)

The Economy

South East Queensland land market remains strong

New data from Ray White's SEQ Vacant Land Market Report confirms Brisbane’s residential house and land market performed strongly over 2017 with land prices up more than 11 per cent, which is good news for all developers.

National

Design

Winners announced in the AILA Landscape Architecture Awards

The Australian Institute of Landscape Architects (AILA) has announced the winners of the 2018 NSW Landscape Architecture Awards.

Western Australia (WA)

Featured Property

Maitraya: world-class private estate overlooking Taylor's Inlet, WA

Set on 663 acres, this stunning property features four residences, untouched coastline, and even a personal airstrip and helipad. For sale by Kris Teakle of Elders Real Estate Western Australia Bellevue.

Queensland (Qld)Gold Coast

The Economy

QLD Sotheby's partner with Mannings Real Estate amid Gold Coast apartment market upswing

Queensland Sotheby's International Realty have partnered with Mannings Real Estate, while the Gold Coast beachfront apartment market continues to sizzle, as the demand for a tightly held supply of luxury penthouses is as strong as ever.

National

Design

Australia must build for a zero carbon future, says report

According to a new report, energy standards must be urgently upgraded if buildings of the future are to be fit for a zero carbon future.

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News Roundup

http://www.theaustralian.com.au/subscribe/news/1/index.html?sourceCode=TAWEB_WRE170_a_GGL&mode=premium&dest=http%3A//www.theaustralian.com.au/business/dataroom/mcgrath-ipo-priced-at-between-180-and-225/story-fnjw8txa-1227590656704&memtype=anonymous

McGrath IPO priced at between $1.80 and $2.25

McGrath Estate Agents is selling shares in its float at between $1.80 and $2.25 each, creating a real estate chain with a market value of between $254 million and $295.7m. The pricing equates to between 12 and 14 times its forecasted net profit.

The Australian

http://www.afr.com/real-estate/rental-yields-hit-house-price-growth-20151101-gkob7l

Rental yields hit house price growth

House prices grew more slowly in October as higher borrowing costs and record-low yields stemmed investors' enthusiasm. The combined capital growth of 10.1 per cent from a year earlier was down on September's 11 per cent and reflected a slower pace of gain in both Sydney and Melbourne, CoreLogic RP Data figures for October show.

The Australian Financial Review

http://www.news.com.au/national/breaking-news/banks-put-on-notice-by-younger-aussies/story-e6frfku9-1227590699470

Banks beware

Banks beware - one in four of your customers is prepared to switch to your competitors to get a better deal. The figure grows to 40 per cent among Australians aged between 20 and 34, according to a survey commissioned by the Customer Owned Banking Association released on Monday.

news.com.au

http://www.nytimes.com/2015/11/01/realestate/staging-your-home-for-sale.html?ref=realestate

Staging your home for sale

“Once it’s on the market, it’s really no longer your home,” said Donna Dazzo, the president of Designed to Appeal, a staging company. “You have to envision it as a product.” A staged home could fetch a substantially higher price than one that is loaded with personal effects. Remove as much clutter as possible.

The New York Times

http://www.businessspectator.com.au/article/2015/11/3/media-and-digital/banking-mass-digital-migration

Banking on mass digital migration

REA Group’s takeover of iProperty Group offers the property portal a chance to relive its stellar success in Australia all over again in South East Asia. The deal, which values the target at $751 million, comes at a time when online still represents only between 2 per cent and 15 per cent of the total real estate advertising spend in iProperty’s markets.

Business Spectator

https://au.news.yahoo.com/thewest/wa/a/29964289/perth-house-prices-hit-by-record-fall/

Perth house prices hit by record fall

Real Estate Institute of WA figures show Perth’s median house price fell from $545,000 in June to $522,133 last month — almost $2000 a week. The fall is the biggest quarterly drop on REIWA’s 21 years of median house price records, beating discounts after the 2006 property boom.

The West Australian

https://au.finance.yahoo.com/news/sydney-now-on-global-housing-bubble-risk-list-074406072.html

Sydney placed on global housing bubble risk list

Sydney property prices are "significantly overvalued" and at risk of being in a bubble, according to UBS' Global Real Estate Bubble Index. The U.K. capital is now the second-least affordable of the 15 urban centers studied by UBS, trailing only Hong Kong, the report said.

Yahoo News

http://www.theaustralian.com.au/news/investigations/the-house-of-salim-mehajer-rising-from-the-ashes/story-fny1e5sj-1227588924507

The house of Salim Mehajer: rising from the ashes

While his father’s interests had been relatively modest — a handful of walk-up apartment blocks, individual homes and one key apartment complex on Lidcombe’s prominent John Street — now the son has in the pipeline four major complexes, spanning several city blocks and housing more than 600 apartments.

The Australian