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Sydney, Melbourne, Hobart climb Knight Frank global price-growth index

Knight Frank has released its latest Global Residential Cities Index: Sydney is up from 30th place to 23rd, Melbourne is up from 28th to 24th, and Hobart has rocketed from 77th position to 34th.

Western Australia (WA)Perth

The Economy

Pace of decline in Perth property prices steadied in June quarter

Though 54% of sellers had to lower their asking price in the three months to June, the size of the discount has levelled out at 6.5%, preventing the median price from falling futher.

Queensland (Qld)

Featured Property

Glass House Mountain views from this architecturally designed 40-acre property on Mount Mee

A private getaway that doesn't compromise on quality: this property is for sale with Terry Ward of Ray White Wamuran.

Tasmania (Tas.)

Design

The best Tasmanian architecture

The Tasmanian Chapter of the Australian Institute of Architects has revealed its top 2017 projects.

International

People

Rebel Wilson buys 'paparazzi-proof' New York apartment

Rebel Wilson has bought a two-bedroom apartment in the 443 Greenwich Street building in TriBeCa, and will count Justin Timberlake and Jennifer Lawrence among her neighbours.

National

Design

Keep your home warm this winter - and give the environment a break

Before you switch on the heater this winter, consider other ways to keep your home warm.

Queensland (Qld)Gold Coast

Featured Property

See the sixty-sixth-floor, whole-level apartment in Surfers Paradise for sale

This whole-floor apartment on level 66 of the Peppers Soul building is for sale by Rob Patis of Mantra Group Realty with an asking price of $5,980,000.

New South Wales (NSW)Sydney

People

John McManus recognised as LJ Hooker's top NSW/ACT salesperson

At LJ Hooker's annual awards event on the weekend, John McManus snapped up the prize for leading selling business owner in NSW and the ACT, ending Bill Malouf's 16 years in the top spot.

Victoria (Vic.)

Design

Victoria's best architecture on display at 2017 Victorian Architecture Awards

The 2017 Victorian Architecture Awards winners were announced last week, revealing a focus in the state on designing healthy and highly liveable buildings.

National

Design

GBCA appoints Frasers Property CEO, Rod Fehring as new chair

Rod Fehring says developers must embrace building practices that deliver healthy buildings.

Pages

News Roundup

http://www.businessinsider.com.au/this-startup-wants-to-let-people-into-australias-property-market-without-buying-a-house-2015-2

Startup to buy into Australia’s property market without buying a house

A new real estate investment startup BrickX wants to enable investors to partly purchase properties by trading “Bricks” which start from $66 each. BrickX is structured so that each individual property is in a trust and investors can buy or sell into that trust.

Business Insider

http://www.scmp.com/property/hong-kong-china/article/1728615/gender-equality-view-real-estate-sectors-next-generation

Gender equality in view for real estate sector's next generation

Among 2,862 real estate companies listed globally, only 62 have women comprising 30 per cent or more of their board membership, Bloomberg Intelligence Asia analyst Robert Fong said.

South China Morning Post

http://gadgets.ndtv.com/apps/news/commonfloor-launches-retina-a-virtual-reality-take-on-real-estate-665119

Virtual reality applied to real estate

Real-estate portal CommonFloor has unveiled a new app called CommonFloor Retina, which can be used to view new real-estate projects in a spherical 360-degree virtual reality perspective.

NDTV Gadgets

http://www.businessspectator.com.au/article/2015/3/3/property/why-sydneys-property-market-running-so-hot

Why Sydney's property market is running so hot

House prices, especially in Sydney, are going to go up more before they come down, which means, of course, that they will come down harder when they do.

Business Spectator

http://www.news.com.au/finance/real-estate/using-the-wrong-word-when-you-list-your-home-for-sale-could-cost-you-thousands/story-fncq3era-1227246024232

Words in real estate ads matter

For top-tier homes, using the words “investment”, “potential” and “TLC” in ads were linked with significantly lower final sale prices compared with their estimated values, while “captivating” properties fetched higher prices. “Cosmetic”, “bargain”, “fixer”, “nice” were best avoided and “unique” homes, the authors found, tended to need some kind of rehab.

news.com.au

http://www.theaustralian.com.au/business/property/property-sector-welcomes-delay-in-nbn-charges-for-new-houses/story-fniz9vg9-1227242073448

Delay in NBN charges for new houses

The government has delayed by a few months extra charges for connecting new-build houses to the $41 billion National Broadband Network. The proposed additional charges for infrastructure in new real estate developments include a one-time $300 connection charge, a $600 “deployment” charge on developers of $600 for homes and $400 for apartment blocks.

The Australian

http://www.smh.com.au/business/property/resi-reits-may-not-be-far-away-20150228-13qjba.html

Residential A-REIT in future?

The success of residential developers during the reporting season for the first half of the 2015 financial year has led to vague murmerings that a residential Australian real estate investment trust could be a reality in coming years. Multi family REITs, as they are known in the US, are very popular but there is a lot of generic stock - lots of apartment blocks from Manhattan to Los Angeles - that make such an investment class a viable option.

The Sydney Morning Herald

http://www.dailytelegraph.com.au/newslocal/the-hills/castle-towers-set-to-become-second-biggest-shopping-centre-in-australia-under-proposed-911m-rebuild/story-fngr8i1f-1227245110682

Sydney shopping centre set for $911m rebuild

Australia's second largest shopping centre could be built in north-west Sydney under plans by a major development company. Queensland Investment Corporation is planning to redevelop the existing Castle Towers shopping centre, adding a further 80,000sq m at a cost more than $911 million.

The Daily Telegraph