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Brisbane council approves Australia's longest zipline

Brisbane will soon be home to Australia's longest and highest zipline, allowing visitors to zoom through the treetops with their friends, and helping to cement Brisbane's position as a global city.

Victoria (Vic.)Melbourne

The Economy

Melbourne’s million-dollar listing boom: REIV

New REIV data shows that 154 Melbourne suburbs have a median house price of $1 million or higher, from a total of 402 suburbs.

New South Wales (NSW)Sydney

Featured Property

Beachside home on Sydney's Bungan Beach: a modern masterpiece with glorious ocean and district views

An impressive home less than 300m from the sand and surf of Bungan Beach on Sydney's northern beaches. For sale through Peter Robinson of LJ Hooker Palm Beach.

National New South Wales (NSW)Sydney

The Economy

RBA affordability report paints bleak picture of first homes

The Reserve Bank's December Bulletin has painted a bleak picture of the homes first-time buyers can afford, particularly in Sydney.

Victoria (Vic.)Melbourne

Construction

Luminary Hawthorn: perfect for the downsizer, with generous floorplans and close to the heart of Melbourne

Designed by renowned architects Plus Architecture, and with interiors by Mim Design, Luminary Hawthorn ticks every requirement for sophisticated inner-city living.

New South Wales (NSW)Sydney

Politics

NSW government's Millers Point social housing sale enters new phase

McGrath has completed its final sale of government social housing in Millers Point, while Savills has launched a campaign to sell the brutalist icon, Sirius.

New South Wales (NSW)Sydney

Featured Property

Clinton Murray-designed Watsons Bay beach house has timeless appeal

The Clinton Murray-designed beach house at Sydney's Watsons Bay will always be in style.

International National

The Economy

Global house prices running out of steam: Knight Frank

Knight Frank's Q3 2017 Global House Price Index increased 5.1 per cent in the year to 30 September, down from 6.3 per cent growth in the previous quarter.

National

The Economy

ATO employs new tools to scrutinise rental property market

The Australian Tax Office is ramping up scrutiny of the rental property market in a bid to stamp out rorts, and from next year will begin approaching real estate agents for information, reports The Australian.

Western Australia (WA)Perth

The Economy

Perth's median house price records modest gain in three months to November

The beleaguered Perth property market appears to be in recovery mode, with Perth's, median house price rising 1.9 per cent to $525,000 in the three months to November, according to the latest REIWA data.

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News Roundup

http://www.9news.com/story/money/business/2015/06/30/vail-buys-aussie-ski-area/29510761/

Vail Resorts buys Australia's largest ski area for $135M

Vail Resorts Inc. said Tuesday it has closed on its purchase of Perisher Ski Resort, the largest ski area in Australia and the first international acquisition for the Broomfield-based resort and real estate company. Vail Resorts paid $134.8 million for the Australian resort.

Denver Business Journal

http://www.theaustralian.com.au/business/property/commercial-property-sales-on-track-to-reach-30bn/story-fn9656lz-1227422525784

Commercial property sales on track to reach $30bn

Australian commercial property volumes are tracking behind last year’s record levels but a raft of mega-deals looming in the second half could see sales approach the $30 billion barrier.

The Australian

http://www.perthnow.com.au/realestate/buying/biggest-piece-of-property-on-earth-up-for-sale-in-australia/story-fnhlgp6j-1227420251801

Biggest piece of property on Earth up for sale in Australia

The largest private piece of land on Earth is up for sale — and it’s right here in Australia. The massive chunk of outback territory comprises 10 working cattle stations spanning 11 million hectares — which is about three quarters of the size of England.

Perth Now

http://www.afr.com/real-estate/residential/house-prices-to-drop-in-2017-bis-shrapnel-20150629-ghzr78

House prices to drop in 2017: BIS Shrapnel

House prices will start falling in 2016-17 as the threat of rising interest rates coincides with worsening affordability, a big increase in supply and weaker investment returns according to forecaster BIS Shrapnel.

The Australian Financial Review

http://www.news.com.au/finance/real-estate/expert-says-get-rid-of-mum-and-dad-monopoly-investors-tax-concessions-to-create-perfect-storm-for-affordable-housing/story-fncq3era-1227417403060

Expert says get rid of mum and dad monopoly investors, tax concessions to create ‘perfect storm’ for affordable housing

Dr Kate Shaw, an urban geography and planning expert at the University of Melbourne, says not only does there need to be a cultural shift in attitudes to long-term renting, but a federal governmental shift as well. “What we need to do is have a secure, long term affordable rental market (which is easier said than done, of course),” she explained.

news.com.au

http://nreionline.com/finance-investment/high-net-worth-investors-hungry-real-estate-survey-finds

High Net Worth Investors Hungry for Real Estate, Survey Finds

North American real estate remains more popular with high net worth individuals than real estate in any other part of the world, with 67 percent of wealth managers expecting their clients to increase allocations here over the next five years.

National Real Estate Investor

http://www.afr.com/real-estate/perth-property-market-feels-just-like-a-recession-20150628-ghywoi

Perth property market 'feels just like a recession'

Perth is awash with vacant offices, while its stagnant housing market "feels just like a recession", property experts have warned.

The Australian Financial Review

http://www.theherald.com.au/story/3176715/wall-of-chinese-capital-buying-up-australian-properties/?cs=4219

Wall of Chinese capital buying up Australian properties

The "wall of Chinese capital" hitting property markets in Sydney and Melbourne will not ease up until the government introduces its anti-money laundering legislation, says an expert in 'flight capital'.

Newcastle Herald