The Real Estate Conversation

Contact

Adam Piller wins 2018 REIWA Auctioneering Championships

Adam Piller from Caporn Young Estate Agents has taken out first place in the Real Estate Institute of Western Australia's annual 'Gift of the Gavel' Auctioneering Championships.

New South Wales (NSW)

Featured Property

LOVE & HATRED founder Giovanni D'Ercole’s luxury Byron estate, Coorabella, hits the market

Nestled in a magical rainforest and lush valley landscape, this unique hinterland retreat is only fifteen minutes from the delights of Byron Bay and the beautiful North Coast beaches. For sale by Ku Darroch of Real Estate of Distinction Byron Bay.

National

The Economy

Winter effect can't hold auction clearance rates back: preliminary figures show improvements across Australia

The winter blues did nothing to hold back auction clearance rates, as preliminary figures suggest improvements across the combined capital cities.

New South Wales (NSW)Sydney

People

Sydney real estate pioneer Di Jones dies aged 74

Real estate industry pioneer Di Jones passed away on Saturday surrounded by her family.

New South Wales (NSW)

People

2018 REINSW Novice Auctioneer final looms

The best novice auctioneers in the state will go head to head this week with the final of the 2018 REINSW Novice Auctioneers Competition, according to the Real Estate Institute of New South Wales.

Queensland (Qld)Sunshine Coast

Featured Property

Naturally Noosa: Exclusive Little Cove villa with stunning views

This private sanctuary is steps from Hastings Street boutiques, bars, and beaches with the peaceful Noosa National Park at the doorstep. For sale by Adam Watts and David Conolly of Century 21 Conolly Hay Group Noosa Heads.

Queensland (Qld)

Design

Winners announced at 2018 Queensland Landscape Architecture Awards

The Australian Institute of Landscape Architects (AILA) have announced the winners of the 2018 Queensland Landscape Architecture Awards.

Queensland (Qld)Brisbane

People

Queensland Sotheby's International Realty host auction event at the AMG Mercedes dealership

Queensland Sotheby's International Realty have hosted their first auction event overnight at the Mercedes AMG Showroom in Fortitude Valley, Brisbane.

New South Wales (NSW)

Politics

Apartment owners left confused by government's vague announcement on Airbnb reforms

The vague announcement from the NSW government on Airbnb regulations has left apartment owners and strata managers confused on regulating short term letting in their buildings.

Queensland (Qld)Sunshine Coast

Featured Property

Montana Park: the Sunshine Coast’s ultimate horse property

With approx. 42.23ha of international standard equestrian facilities, this property offers luxury to the highest standard for you and your valuable bloodstock. For sale by Lew Pottinger of Ray White Buderim.

Pages

News Roundup

http://www.theguardian.com/commentisfree/2015/sep/22/turnbull-and-morrison-must-fix-the-housing-crisis-before-the-bubble-bursts

Turnbull and Morrison must fix the housing crisis before the bubble bursts

Australia faces many economic challenges in the near future, whether it is anaemic growth, falling national income, stagnant wages, plunging mining sector capital expenditure, an uptick in unemployment and underemployment, or the collapsing terms of trade. Arguably, the most pressing need is to deal with Australia’s out of control banking and financial system, having blown a housing bubble of epic proportions.

The Guardian

http://www.smh.com.au/business/markets/house-price-growth-in-sydney-and-melbourne-continues-apace-20150922-gjrzpq.html

Morgan Stanley says Australian housing boom has peaked

Morgan Stanley analysts says the housing cycle in Australia has peaked, with a tighter regulatory environment, slowing immigration and frothy prices, set to blunt the powerful growth momentum for the sector. The US investment bank said in a note this week housing activity in the country had "peaked", which, in turn, had intensified the risks of recession.

Sydney Morning Herald

http://www.mortgagebusiness.com.au/breaking-news/8935-almost-one-in-10-loans-would-fail-underwriting-standards-report?utm_source=Mortgage%20Business&utm_campaign=Mortgage_Business_Newsletter23_09_2015&utm_medium=email

Almost 1 in 10 loans would fail underwriting standards: report

A new report examining the impact of regulatory changes on the Australian mortgage market has concluded that nine per cent of home loans written so far this year would now fail current underwriting standards. Released this week, The Property Imperative Report V report from Digital Finance Analytics (DFA), applied the typical underwriting criteria being used today to the 26,000 households surveyed in the DFA Household Finance Confidence index.

Mortgage Business

https://www.google.com/url?rct=j&sa=t&url=http%3A//www.smh.com.au/business/the-economy/australia-is-toast-foreign-investors-tell-nab-20150921-gjrfth.html&ct=ga&cd=CAEYASoUMTUwMDYwNjQyOTc1NTIyNDM2NzUyHWM3OTgxMzczYTU0OTI2ZWE6Y29tLmF1OmVuOkFV&usg=AFQjCNFV6Xct6vtWhGgCMNJh6T8KkQq26Q

'Australia is toast' foreign investors tell NAB

Foreign investors have turned especially bearish on the Australian economy, with one describing it as "toast", a National Australia Bank report says. Chief economist Ivan Colhoun said a recent visit to clients in Britain, continental Europe and the Middle East revealed a "uniformly negative view on Australia's prospects".

Sydney Morning Herald

http://news.yahoo.com/symbolic-victory-against-mugabe-government-property-south-africa-125050057.html

'Symbolic victory' against Mugabe as government property in South Africa auctioned

A residential property in Cape Town owned by the Zimbabwean government was auctioned for 3.76 million rand ($281,500) on Monday, in a symbolic victory against the land grab policies of President Robert Mugabe, lawyers said.

Yahoo News

http://www.scoop.co.nz/stories/AK1509/S00557/auckland-rents-top-400-per-week-for-smallest-properties.htm

Auckland rents top $400 per week for smallest properties

A property renter in Auckland can now expect to pay $400 per week regardless of property size or type, according to Trade Me Property’s monthly report on median rents across New Zealand. Head of Trade Me Property Nigel Jeffries said that even the smallest unit or 1-bedroom home will cost a typical Auckland renter $400 per week.

Scoop

http://www.switzer.com.au/the-experts/john-mcgrath-property-expert/20150922australias-1-million-club/

Australia's $1 million club

How times have changed. In June 1995, only 1% of house sales in Sydney over the previous five years were above $1 million. By June 2015, that percentage was 36.8%. In 1995, only 0.6% of apartments sold above $1 million. Today it’s 11.6%.

Switzer Daily

http://www.inman.com/2015/09/21/andrew-dailey-people-dont-buy-a-home-to-get-a-mortgage-they-get-a-mortgage-to-buy-a-home/

'People don't buy a home to get a mortgage, they get a mortgage to buy a home'

It’s very simple: People don’t buy a home to get a mortgage; they get a mortgage to buy a home. For most of us, getting a mortgage is a necessary part of the process, but too often it completely ruins the experience. Buying a home should be a happy time in your life, and we want to make sure the mortgage doesn’t get in the way of that.

Inman