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Lending restrictions mean fewer projects will proceed to construction: JLL

Australian building completions are likely to remain strong in 2017, but softer prices and tighter lending mean a slower 2018, though conditions vary from city to city, says JLL.

National New South Wales (NSW)

People

Get to know chairman and owner of Century 21 Australasia, Charles Tarbey

From cleaner to owner of Century 21 Australasia, Charles Tarbey talks to SCHWARTZWILLIAMS.

New South Wales (NSW)Sydney

People

Top agent, Karen Terry, joins McGrath on Sydney's northern beaches

Respected agent from Sydney's northern beaches, Karen Terry, is joining McGrath.

Queensland (Qld)Brisbane

Featured Property

This opulent Brisbane home was once owned by Christopher Skase

A Hamilton Hill home of unique opulence, with hand-painted murals and a 12-metre high boundary fence, is for sale through Stephen Weber of Queensland Sotheby's International Realty.

Tasmania (Tas.)Hobart

The Economy

Tasmanian real estate boom spreads island-wide

The Real Estate Institute of Tasmania's recent June quarter report reveals just how popular the 'apple isle' has become. Sandy Bay once again has the state's highest property prices, but Launceston is keeping pace, recording strong growth in number of sales and prices.

Northern Territory (NT)

People

REINT opens submissions for people's choice awards in 2017 Awards for Professional Excellence

Submissions have opened for the people's choice awards for the Real Estate Institute of the Northern Territory's 2017 Awards for Professional Excellence.

Western Australia (WA)Perth

The Economy

Perth rental market subdued in June quarter

“The data for the June quarter 2017 clearly shows an uptick in activity on an annual basis across the board, which is pleasing," said REIWA president, Hayden Groves.

New South Wales (NSW)Sydney

Featured Property

Sutton heir puts 1963 Mid-Century Modernist Bellevue Hill home up for sale

Scott Sutton has put his 1963, Mid-Century Modernist, Bellevue Hill home up for sale with Denise Cameron of Raine & Horne Double Bay.

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

The Economy

Melbourne market for family homes near good schools is "very, very strong", says Andrew Boyce of Hodges

"The market for family homes is very, very strong, especially homes near good schools," Andrew Boyce of Hodges Brighton told SCHWARTZWILLIAMS.

Western Australia (WA)

The Economy

Spotlight on mining town Karratha

Though the rental market is levelling out in the Western Australian mining town of Karratha, house and unit prices are still down more than 50 per cent from their boom-time highs.

Pages

News Roundup

http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11422298

NZ agent committed 'commercial sabotage'

A resigning real estate agent who changed client contact details in a company database committed "commercial sabotage", the agents' disciplinary body says.

The New Zealand Herald

http://www.heraldsun.com.au/leader/south-east/teens-scouring-real-estate-websites-to-find-vacant-houses-for-wild-parties/story-fngnvmhm-1227276384253

Teens scouring real estate websites to find vacant houses for wild parties

Police in the south east of Melbourne say teenagers are breaking into vacant houses listed on real estate websites and Gumtree to throw rave parties.

Berwick Leader

http://mashable.com/2015/03/22/australian-app-apple-watch/

This Apple Watch app lets you monitor the Australian property market

Popular real estate website, Domain, is joining the stable of apps launching at the same time as Apple's smartwatch, with an app that lets you monitor the market from your wrist. The Apple Watch is released worldwide on April 24.

Mashable Australia

http://www.dailytelegraph.com.au/realestate/news/pandora-australia-founder-karin-adcock-has-hopes-of-selling-her-170-year-old-country-estate-for-around-12-million/story-fni0cly6-1227274868553

Pandora founder sells 170-year-old country estate for around $1.2 million

The founder of the Pandora jewellery brand has put her sprawling country estate known as Mutton Falls on the market with an auction price guide of $1.2 million. Adcock bought the circa 1ha property in 2010 with friends Jeanine and Sebastian Bardon, who own retail business Bardon Design, which developed stores for the Danish jewellery brand.

The Daily Telegraph

http://www.afr.com/real-estate/investa-land-launches-home-office-offer-20150323-1m5b2b

Investa Land launches home office offer

Investa Land is launching a housing project that aims to crack one of the toughest nuts in greenfield development around Australia: building jobs into new estates. The new Investa project, dubbed Duo, at the Evans Park Business Village in Melbourne's south-east, combines a residential home with a purpose-built workspace.The designs are flexible enough to allow different configurations of office, showroom and storage space set-ups for different kinds of home-based businesses.

The Australian Financial Review

http://www.themoscowtimes.com/business/article/how-christies-real-estate-helps-superrich-russian-teenagers-buy-london-homes/517887.html

How Christie's Real Estate Helps Rich Russian Teenagers Buy London Homes

"The next generation of wealth is coming through. A lot of these families from [Russia] are trying to secure and maintain their wealth. So often we're advising children on property purchases. People from teenagers upward. Late teens — not unusual at all for us to be purchasing apartments for them in Paris or London. The youngest person I've sold something to is about 16," says Giles Hannah, Christie's International Real Estate senior vice president.

The Moscow Times

http://www.dailytelegraph.com.au/news/nsw/agents-lured-into-under-quoting-tricks-real-estate-institute-of-nsw-president-says/story-fnpn118l-1227272725834

Agents ‘lured’ into under quoting tricks, Real Estate Institute of NSW president says

Greedy sellers who think they know better than estate agents are the chief cause of under quoting, the head of the agents’ lobby claims. Malcolm Gunning, the president of the Real Estate Institute of NSW, said agents were being “lured” into under quoting by homeowners with unrealistic expectations. “I think vendors think they know more than the agents at this stage,” Mr Gunning said, blaming “the greedy market” and advice from TV shows.

The Daily Telegraph

http://www.latimes.com/business/realestate/hot-property/la-fi-hotprop-20150322-story.html#page=1

Tom Cruise lists house for $12.995 million

Actor Tom Cruise has put a home in Hollywood Hills West on the market at $12.995 million. Set behind gates on a knoll, the two-story European-style estate encompasses more than 2.5 acres. The main house features walls of glass that take in cityscape views, an Italian farmhouse-inspired kitchen and three bedrooms with en suite bathrooms.

Los Angeles Times