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"Public deserves to know negative gearing timeline" says property body

The Property Council of Australia and its chairman Ben Kingsley have called on the Labor government to clarify key elements of its negative gearing policy if the ALP wins the upcoming election.

New South Wales (NSW)Sydney

People

Get to know Chris Wilkins of Ray White Drummoyne

Chris Wilkins is the director of Ray White Drummoyne.

Victoria (Vic.)

Featured Property

Contemporary family escape by the Great Ocean Road

With a flexible floorplan and multiple indoor and outdoor living spaces, this home in Anglesea, Victoria, would suit either permanent or holiday residence. For sale by Dale Whitford of Whitford.

Western Australia (WA)Perth

People

Xceed Real Estate and Harber Real Estate combine

Two of Perth’s largest independent real estate and property management agencies, Xceed and Harber Real Estate have merged their two organisations.

Queensland (Qld)

The Economy

Legislative reforms pose uncertainty for investors in Queensland

Queensland investors face uncertainty as potential changes to the Residential Tenancies and Rooming Accommodation Act, as well as negative gearing, are still being deliberated.

People

One of Australia’s proudest family businesses is on the hunt for new members!

Resort Brokers Australia have invited applications for two Real Estate Sales Agent positions based in NSW for the brokerage of hotel and tourism assets.

Victoria (Vic.)Melbourne

Featured Property

Beachside penthouse in Port Melbourne

Located within the HM@S complex by Fender Katsalidis, this trophy residence features an executive wing, complete with business centre, and entertaining options for over 100 people. For sale by Gerald Betts of RT Edgar Albert Park.

National

The Economy

Good news for homebuyers and renters in latest CPI figures

Australia’s consumer price index update, released on Wednesday, has exceeded economists forecasts, rising by a solid 0.5 per cent in the December 2018 quarter.

Western Australia (WA)Perth

The Economy

Mining projects restoring confidence in regional WA market

There were mixed results throughout regional Western Australia in the December 2018 quarter, with just three of the nine regional centres to record house price growth according to REIWA.

Victoria (Vic.)

The Economy

Celebrity chef's home hits market again

Celebrity chef Shannon Bennett's former home in Kensington has hit the market through Jayson Watts and Liz Brettell of Nelson Alexander Flemington.

Pages

News Roundup

http://www.mortgagebusiness.com.au/breaking-news/9573-property-still-top-for-wealth-creation-symond

Property still top for wealth creation: Symond

Industry pioneer and Aussie Home Loans founder John Symond has pointed to new research as evidence that real estate is still the best bet for wealth creation.

Mortgage Business

http://www.afr.com/opinion/tax-breaks-and-myths-for-rent-20160316-gnkict

Tax breaks, and myths for rent

Owner-occupiers and foreign investors will drive new housing even if tax incentives for investors are taken away.

The Australian Financial Review

http://www.smartpropertyinvestment.com.au/news/15155-mum-and-dad-investors-facing-settlement-risk

'Mum and dad' investors facing settlement risk

Century 21 Australia chairman Charles Tarbey has warned that 'mums and dads' who paid deposits on multiple off-the-plan properties could be at risk if valuations fail to match prices.

Smart Property Investment

http://www.afr.com/real-estate/lenders-crackdown-on-the-nations-biggest-property-buyers-20160315-gnk3y6

Lenders crackdown on the nation's biggest property buyers

Nervous lenders are tightening borrowing in some of the nation's richest postcodes amid growing concerns about falling prices. The squeeze is already tight on former mining boom towns.

The Australian Financial Review

http://www.afr.com/real-estate/residential/sleepovers-cost-sydney-woman-a-first-home-owner-grant-20160315-gnjhhs

Sleepovers cost Sydney woman a first home owner grant

A Sydney woman was ordered to pay back her first home owner grant for a house in Sydney's northern beaches because she had spent too much time at her boyfriend's house.

The Australian Financial Review

http://www.smh.com.au/comment/sydney-is-too-expensive-for-young-people-to-take-a-risk-on-a-good-idea-20160316-gnk6lh.html

Sydney is too expensive for young people to take a risk on a good idea

When starting a business has the risk profile of a Game of Thrones character, how will we find the entrepreneurs to start up the start-ups.

The Sydney Morning Herald

http://www.afr.com/real-estate/housing-construction-to-remain-strong-despite-downturn-hia-says-20160315-gnk2rk

Housing construction to remain strong, despite downturn, HIA says

New housing construction is likely to trough at levels well above previous cyclical lows, defying the pattern of previous slowdowns, the Housing Industry Association says.

The Australian Financial Review

http://www.afr.com/real-estate/lj-hooker-pours-cold-water-on-imminent-float-20160315-gnjfk6

LJ Hooker pours cold water on imminent float

Doubt has been cast over the $400m float of iconic real estate franchise business LJ Hooker with a spokeswoman saying there was "no definite timetable in place".

The Australian Financial Review