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Days on Market data shows increasing buyer interest in Melbourne’s south west

The Real Estate Institute of Victoria’s latest Days on Market data shows that properties in Melbourne’s south west are being snapped up in much quicker timeframes than this time last year, signaling intense competition from buyers in the area.

Queensland (Qld)Sunshine Coast

Featured Property

"Opulent elegance with timeless appeal” at exclusive Noosa Heads address

This Gerard Smith Design home features two wings, showcasing views over the Noosa Heads Bushland Reserve from almost every room. For sale by Petar Markanovic of ONE Agency Noosa.

National

The Economy

Spring has seen less auctions each week relative to same time last year

The combined capital cities saw an increase in the number of homes taken to auction this week with a total of 1,985 auctions held, up from the week prior when 1,916 auctions took place.

International

Design

Parnell, New Zealand taking off as two apartments sold at record prices

Bindi Norwell, CEO of the Real Estate Institute of New Zealand and Ross Hawkins of New Zealand Sotheby's International Realty, discuss the property market in Parnell, New Zealand, as the record is broken in the suburb for the most expensive apartment sold in New Zealand.

New South Wales (NSW)Sydney

People

Get to know Simon Doak, principal of 1st City Real Estate

Simon Doak of 1st City Real Estate sold a house in Paddington, Sydney known as the 'murder house'.

Victoria (Vic.)Melbourne

Featured Property

Gallery-inspired South Yarra penthouse combines large scale entertaining with intimate daily living

This luxurious residence sits at the apex of The Lowndes, a designer development tucked between Toorak Road and Chapel Street. For sale by Ross Savas and Steven Rode of Kay & Burton South Yarra.

National

Design

Styling your home before sale "a non negotiable"

Kahlia Cordony of Cordony Designs and Lynne Page of Knight Frank Hobart discuss why it is so important to style your home before selling.

Queensland (Qld)Gold Coast

People

Get to know David Higgins director, residential of Colliers International

David Higgins has over 28 years experience in the real estate industry, with gross sales of over $1.3 billion across 3,000 products.

Queensland (Qld)Brisbane Gold Coast

Design

Flexible work spaces taking over traditional offices

Yusuf Oner, general manager of Corporate House discusses how many traditional office spaces are now taking inspiration from flexible work spaces due to their innovative features.

New South Wales (NSW)Sydney

Featured Property

Bespoke Vaucluse residence with 360 degree Sydney Harbour views

For sale by Danny Doff of Laing & Simmons Double Bay, who told WILLIAMS MEDIA, “This is quite possibly the best house I’ve ever had the pleasure to market in my career”.

Pages

News Roundup

http://www.theaustralian.com.au/business/property/chinas-poly-real-estate-keen-to-build-strong-australian-presence/news-story/19e4f13776aac3ff1977cdb9715c5ec3

China’s Poly Real Estate keen to build strong Australian presence

The Shanghai-listed arm of a major state-owned Chinese corporation, the $75 billion China Poly Group, has outlined an ambitious growth strategy for Australia aimed at making it the third biggest property developer here over the next decade. Poly Real Estate has built a presence in Australia in the past two years, with projects planned for Sydney and Melbourne.

The Australian

http://www.theage.com.au/victoria/scientology-link-to-plan-for-werribee-supercity-20151216-glp1c8.html#ixzz3uYYTYzLw

Scientology link to plan for Werribee super-city

A little-known consortium that Victorian Finance Minister Robin Scott has awarded "preferred bidder" status to for a huge tract of public land in Werribee is backed by property figures with strong links to the Church of Scientology.

The Age

http://www.afr.com/real-estate/private-treaty-sales-strong-despite-falling-auction-clearance-rates-20150807-giu7nf

Private sales strong despite falling auctions

Auction clearance rates have been the barometer of the residential market for many home buyers but how much should buyers rely on them?

The Australian Financial Review

http://www.architectureanddesign.com.au/news/innovative-unsw-architecture-program-to-tackle-hum

Innovative UNSW architecture program to tackle humanitarian issues

The UNSW has introduced a new Master of Architecture degree program that will focus on architecture for the disadvantaged and displaced while tackling some of modern society’s major challenges.

Architecture and Design

http://www.realtytoday.com/articles/62754/20151216/foreign-real-estate-investors-unfazed-strong-dollar.htm

Foreign Real Estate Investors Unfazed By Strong US Dollar

There is no stopping foreign investments from coming in the US real estate market even if the dollar is proving to remain strong.

Realty Today

https://mozo.com.au/blog/2015/12/where-will-australian-property-prices-go-in-2016/

Where will Australian property prices go in 2016?

As 2015 comes to an end – which was a bumper of a year for real estate sales – everyone from property punters to economists are placing their bets on where prices will go in the New Year.

Mozo

http://www.afr.com/real-estate/sydney-rental-vacancies-rise-as-foreign-students-go-home-20150806-git153

Sydney rental vacancies rise as foreign students go home

The strong demand for housing from foreign students in Sydney is felt as vacancy in residential properties rose slightly in November after university students return to their home countries for the four-month summer break, SQM Research has found. Many students including local interstate students leave their regular rental accommodation from the start of November.

The Australian Financial Review

http://www.yourinvestmentpropertymag.com.au/news/property-tycoon-talks-up-real-estate-says-shares-are-terrible-210012.aspx

Property tycoon talks up real estate, says shares are "terrible"

The founder of Australia’s biggest home building company believes real estate remains a prime investment opportunity when compared to other avenues, such as the share market. Speaking to Bloomberg this week, Meriton founder Harry Triguboff described the Australian share market as “terrible” and said conditions within Australian property were so good they had caused him to abandon plans to sell his company to Chinese interests.

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