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Busiest week for auctions for the year

A preliminary clearance rate of of 75.3 per cent and volumes up by 33.5 per cent has confirmed the busiest week on the auction calendar for the year.

National

The Economy

Everything you needed to know about the First Home Owners Deposit Scheme

The Government has released details of how first home buyers can get themselves into the real estate market.

Queensland (Qld)Brisbane

People

New projects office to open for Belle Property

Veteran real estate agent Colin Hatch will be taking charge of Belle Property's new projects office.

Queensland (Qld)Brisbane

Featured Property

'Amity House': New Farm's iconic timber Queenslander

This grand riverfront estate offers an opportunity to purchase the last vacant northeast riverfront land in New Farm, with or without the heritage house. For sale by Matt Lancashire of Ray White New Farm.

Politics

Government’s commitment to the VET Sector is a welcome signal, says HIA

Australia’s Vocational Education and Training (VET) sector sits at the foreground of developing Australia’s future skilled workforce.

Western Australia (WA)

People

New day dawns for two appointed principals at RobertsDay

The new appointments have cemented the importance of RobertsDay's contribution to the growth and design of Australia.

Queensland (Qld)Gold Coast

People

Get to know architect Ben Parker

I'm interested in all kinds of architecture, but I’m most inspired by contemporary Australian architecture. The work currently being produced in this country is, in my opinion, the best in the world.

Big night of awards for Victorian Real Estate Institute

The Awards for Excellence were handed out at the Crown Palladium in Melbourne last night by the REIV to deserving winners in the real estate industry.

National

The Economy

Busy week of auctions ahead, says CoreLogic

Melbourne will be the main buzz for auction activity this week, leading up to Melbourne Cup week.

National

People

Sold! Sold! Sold! Auctioneer winner for third time

Justin Nickerson wins REIA's 2019 Australasian Auctioneering Championships for the third time.

Pages

News Roundup

http://www.theaustralian.com.au/business/property/lack-of-new-stock-overshadows-strong-clearance-rates/news-story/4b0e5dd84ec34ad01aadafa827bd295b

Lack of new stock overshadows strong clearance rates

The national property market’s auction clearance rate is being maintained at strong levels, but the lack of new housing coming online is holding back potential buyers.

The Australian

http://www.afr.com/real-estate/jamie-mcintyre-capitulates-and-accepts-10year-ban-20161017-gs42jw

Jamie McIntyre 'capitulates' and accepts 10-year ban

21st Century Group CEO Jamie McIntyre and and his brother have accepted 10-year bans from managing corporations or offering financial services.

The Australian Financial Review

http://www.afr.com/business/construction/huxley-homes-buy-13-years-ago-sowed-seeds-of-day-destruction-20161017-gs43x8

Huxley Homes buy 13 years ago sowed seeds of Day destruction

An acquisition 13 years ago of NSW home builder Huxley Homes, a management structure which led to a string of complaints, and donations to the Family First party brought the house of Day down.

The Australian Financial Review

http://www.theaustralian.com.au/business/business-spectator/commentary/apartment-oversupply-problem-worse-than-reserve-bank-is-saying/news-story/38552547cb88e76e3a7f516f8674901a

Apartment oversupply problem worse than Reserve Bank is saying

Last May CoreLogic estimated the number of apartments due for completion in the Brisbane-Melbourne-Sydney market in the following two years (ie to April 2018) was over 200,000, more than five times the RBA's estimate.

The Australian Financial Review

http://www.theaustralian.com.au/business/financial-services/units-boom-to-trigger-defaults-and-price-falls-warns-rba/news-story/56419f1d8d31226431b3103c78df0a40

Units boom to trigger defaults and price falls, warns RBA

The RBA has warned the massive number of new apartment blocks approaching completion could send some developers broke and leave the banks with losses, as falling prices and difficulty obtaining finance cause buyers to default.

The Australian

http://www.domain.com.au/news/new-apartments-in-sydney-sell-like-hotcakes-despite-rbas-glut-warning-20161016-gs3llr/

Apartment sales soar despite RBA's glut warning

New apartment sales in Sydney soared on the weekend despite the RBA's warning on Friday of the risk of a glut in Sydney, Brisbane and Melbourne.

Domain

http://www.abc.net.au/news/2016-10-16/inquiry-finds-nsw-homeowners-should-be-allowed-to-lease-rooms/7936984

Airbnb set to benefit from accommodation inquiry

All NSW home owners should be allowed to use online house-sharing websites to let rooms to holiday-makers and tourists without being fined, a NSW parliamentary inquiry has found.

ABC

http://www.domain.com.au/news/elthams-one-of-a-kind-kevin-borlanddesigned-rice-house-for-sale-20161014-grzrl1/

Eltham's Kevin Borland-designed Rice House for sale

The Rice House, a unique, heritage-listed, mid-century building in Eltham, is on the market.

Domain