The Real Estate Conversation

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John McGrath - East Coast market observations

John McGrath founder and executive director of McGrath Estate Agents shares his observations on the current property market in the shadow of natural disaster and global unrest.

New South Wales (NSW)

People

One of Wollongong’s leading women in real estate has moved to Wollongong’s CBD

First National Real Estate has announced that one of Wollongong’s leading women in real estate Leanne Brailey Principal of First National Real Estate Brailey Figtree, has opened her new high-profile office at 345 Keira Street, Wollongong, rebranded as First National Real Estate Wollongong.

Queensland (Qld)Brisbane

Featured Property

Classic Ascot Spanish Mission bungalow for sale - Place

107 Anthony Street Ascot for sale by Patrick McKinnon and Drew Davies of Place Ascot delivers elegant, luxury living just 6km north of Brisbane CBD.

Victoria (Vic.)

Featured Property

Exclusive St Kilda Road apartment for sale with views to Port Phillip Bay - Kay & Burton

Apartment 1403/469 St Kilda Road for sale by Eleisha Doherty and Tommy McIntosh of Kay & Burton offers secure low maintenance living perfect for those desiring a city base, downsizers or investors.

Victoria (Vic.)Melbourne

Design

Eugene Gilligan "Our origin in Horticulture gives us a creative edge, rarely found in this industry"

Director, Eugene Gilligan, "Gardening was my hobby from a very early age, establishing my own practice seemed a natural step forward."

New South Wales (NSW)Sydney

Featured Property

Victorian pedigree with designer finishes Paddington terrace for sale - The Agency

59 Harris Street Paddington for sale by Ben Collier and Davide Talone of The Agency has been architecturally reimagined to offer an expanded layout.

Queensland (Qld)Brisbane

People

Richard and Amanda Bolton launch The Bolton Group, saying goodbye to rules and restrictions

The opportunity to launch their own brand with the support of UrbanX, allowed Richard and Amanda Bolton to continue to work in the industry without the rules and restrictions of working under a franchise.

Queensland (Qld)Brisbane

Featured Property

Elegant c1920 Clayfield Queenslander for sale - Place

Situated 5km from Brisbane CBD, this quintessential Clayfield home for sale by Patrick McKinnon and Jill Wright of Place Ascot features views over Ascot and Hamilton Hill.

National

The Economy

New home sales fall in February - HIA

The HIA New Home Sales report – a monthly survey of the largest volume home builders in the five largest states – is a leading indicator of future detached home construction.

National

The Economy

What is rentvesting and how can it help your investment strategy? - BMT

The constant conversation surrounding how hard it is to enter the property market has been getting louder, with first home buyers falling victim to rising property prices making deposits harder to save for.

Pages

News Roundup

https://www.canberratimes.com.au/business/companies/quest-for-fairness-investors-revolt-against-serviced-apartments-20180425-p4zbl0.html

Quest for fairness; investors revolt against serviced apartments

Retired senior public servant David Lawrance has a warning for those investing in “set and forget” serviced apartments.

Canberra Times

http://www.afr.com/real-estate/sydney-clearances-pick-up-returning-buyers-likely-to-ensure-soft-landing-20180506-h0zoy2

Sydney clearances pick up: Returning buyers likely to ensure soft landing

Sydney auction clearances strengthened to a preliminary rate of 66.9 per cent in the week to Saturday, boosting hopes for a gradual slowdown supported by a partial return of investors to the market.

Australian Financial Review

http://www.abc.net.au/news/2018-05-07/sydney-melbourne-housing-price-fall-sqm-downgrade/9734388

Sydney and Melbourne property prices predicted to fall by up to 4 per cent

Housing prices in Sydney and Melbourne are tipped to fall by as much as 4 per cent this year, according to the latest report from property analysis firm SQM Research.

ABC

https://thewest.com.au/business/commercial-property/siblings-regroup-to-offer-quality-local-housing-choice-ng-b88823566z

Siblings regroup to offer quality, local housing choice

Transcontinental Group and TRG Properties founder Tony Trevisan has retired, triggering a generational handover and rebranding of both companies.

The West Australian

https://www.smh.com.au/business/banking-and-finance/lower-bad-debts-help-westpac-grow-profit-6-percent-to-4-25b-20180507-p4zdqt.html

Lower bad debts help Westpac grow profit to $4.25b

Westpac has notched up a first-half cash profit of $4.25 billion, an increase of 6 per cent, helped by wider profit margins and lower charges for bad debts.

The Sydney Morning Herald

http://www.afr.com/real-estate/sydneys-mosman-chalks-up-new-suburb-high-with-10m-apartment-sale-20180503-h0zlhp

Sydney's Mosman chalks up new suburb high with $10m apartment sale

Sydney's most prestigious suburbs are shrugging off city's overall price decline, as Mosman showed with the $10 million-plus sale of a four-bedroom apartment on Thursday.

The Australian Financial Review

http://www.afr.com/personal-finance/property-prices-belted-as-nervous-banks-slam-on-brakes-for-borrowers-20180503-h0zksh

Property prices 'belted' as nervous banks slam on brakes for borrowers

Property prices in recently top performing inner suburbs of Melbourne and Sydney are being "belted" by up to 10 per cent as banks slam the brakes on lending in response to tougher regulatory scrutiny and the banking royal commission, according to real estate and buyers' agents.

The Australian Financial Review

http://www.afr.com/real-estate/commercial/goodman-group-pays-467-million-for-hong-kong-logistics-site-20180503-h0zlj4

Goodman Group pays $467 million for Hong Kong logistics site

Goodman Group has paid $HK2.75 billion ($467 million) for a site in Hong Kong that it will develop into a logistics hub.

The Australian Financial Review