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Melanie Symons to front new real estate series

One of the Gold Coast’s most loved personalities, Melanie Symons, will present a new digital series to launch this month to help buyers, sellers, property investors and tenants on their real estate journey.

National

The Economy

Reserve prices smashed around the country

Online property sales platform, Openn Negotiation, have put the spotlight on five of their recent sales that demonstrate just how competitive the 2021 market is.

National

People

McGrath expands Oxygen Home Loans business

McGrath Limited (ASX: MEA) today announced it has entered into a transaction that will deliver enhanced scale and optimisation of its Oxygen home loan business (“Oxygen”).

New South Wales (NSW)

Featured Property

Stellar Pacific: Brand new luxury Kingscliff apartments for sale - REAL Specialists

This boutique complex of just 6 luxury beachside apartments is for sale via Shaun Cardillo of REAL Specialists.

National

The Economy

John McGrath – Why interest rates will stay low

John McGrath founder and executive director of McGrath Estate Agents examines the current record home values, as the lowest mortgage rates in history continue to power a national boom.

Western Australia (WA)Perth

The Economy

Perth properties selling the fastest they have in 15 years - REIWA

REIWA President Damian Collins said properties in Perth were selling the quickest they had in 15 years and 26 days faster than they were in March 2020.

National

The Economy

National home value index rises at its fastest pace in 32 years - CoreLogic

CoreLogic’s national home value index recorded a 2.8% rise in March, the fastest rate of appreciation since October 1988 (3.2%). These exceptionally strong growth conditions remain broad-based, with values rising by at least 1.4% across each of the capital cities and ‘rest-of-state’ areas over the month.

New South Wales (NSW)Sydney

Record property price for Randwick has been smashed again - McGrath

The record property price for Randwick has been smashed again – the fourth time in less than a year by McGrath Coogee agents Mark McPherson and Emilee Tayyara who sold the property within 48 hours of listing it.

National

The Economy

Data shows more than 12% of property investors are completely missing out - BMT

BMT Tax Depreciation recently analysed their investor database and were surprised to find that a great deal of property investors overlook depreciation, a particularly lucrative tax deduction.

National

The Economy

Australian housing prices soar by 500% over past 25 years - REIA

Real Estate Institute of Australia (REIA) President, Adrian Kelly said housing investors have been driven more by expected capital gains rather than rental yields.

Pages

News Roundup

http://thenewdaily.com.au/money/property/2017/09/14/car-share-economy/

Car-share economy the driving force behind a new real estate trend

In inner-Sydney's Surry Hills, real estate agent Paul Langsam has made a virtue out of a loft apartment’s lack of parking.

The New Daily

http://www.theaustralian.com.au/business/property/postcrisis-home-buyers-more-satisfied-with-finances/news-story/d0bf2441f1617e4798e65ce8734228e6

Post-crisis home buyers ‘more satisfied’ with finances

Cutting down on holidays and weekend drinks with friends to keep up with the mortgage on his first home wasn’t always easy for accountant Hadi Prayoga.

The Australian

https://sourceable.net/flood-protection-for-cities-needed-now/

Flood protection for cities needed now

Cities must seize the chance to build both high-tech and simple 'green' flood prevention measures into future infrastructure, experts say.

Sourceable

http://www.afr.com/news/economy/households-spending-more-on-the-basics-australian-bureau-of-statistics-20170913-gyggc8?eid=Email%3Annn-16OMN00050-ret_newsl-membereng%3Annn-06/09/2016-MarketWrap5PM-dom-business-nnn-afr-u&et_cid=29095363&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/news/economy/households-spending-more-on-the-basics-australian-bureau-of-statistics-20170913-gyggc8%3Feid%3DEmail%3Annn-16OMN00050-ret_newsl-membereng%3Annn-06%252F09%252F2016-MarketWrap5PM-dom-business-nnn-afr-u&Email_name=MW5-09-13&Day_Sent=13092017

Households spending more on the basics: ABS

An increasing number of Australians reported they were largely free of financial stress in 2015-16 even as households spent an increasing proportion of their incomes on basics such as housing.

The Australian Financial Review

http://www.theaustralian.com.au/opinion/tiny-houses-should-be-permitted-in-australian-suburbs/news-story/a868a64ff705089461df191b2788d203

Tiny houses should be permitted in Australian suburbs

In Victoria, there are more than 2,000 new residents arriving every week. It is up to our political leaders to facilitate housing for these people.

The Australian

http://www.thebull.com.au/articles/a/69524-real-estate-sentiment-at-44-year-low.html

Real estate sentiment at 44-year low

The Westpac/Melbourne Institute survey of consumer sentiment showed “real estate” was selected as the wisest place for savings by just 10.5% of respondents, the lowest reading in 44 years.

The Bull

http://www.smh.com.au/federal-politics/political-news/australian-building-and-construction-commission-boss-nigel-hadgkiss-resigns-after-admitting-to-breaking-law-20170913-gygha0.html

ABCC boss Nigel Hadgkiss resigns after breaking law

Nigel Hadgkiss has resigned from his $426,000-a-year job after conceding to recklessly misrepresenting union rights to employers while he headed up a Fair Work office.

The Sydney Morning Herald

http://www.theaustralian.com.au/business/chinese-investment-in-residential-housing-slowing-firb-adviser/news-story/165b2bd3c36e8d606d05e00bc384bc3a

Chinese investment in residential housing slowing: FIRB adviser

Inward Chinese investment in Australian residential real estate has started to slow but interest in the purchase of agricultural businesses and farms shows little sign of abating.

The Australian