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Update on the job market for October 2019

Follow the trends that have been emerging in the job sector throughout the past month based on data from the Australian Bureau of Statistics.

National

The Economy

Super Saturday as Christmas draws near

Despite CoreLogic figures showing fewer house listings, Devine Real Estate is bucking the trend and prepares for Super Saturday tomorrow.

Queensland (Qld)

The Economy

Large development site on the market for $2 million

Ray White is marketing a 49 lot rural residential development at Rosenthal Heights.

National

The Economy

Increased investor activity could make APRA act

As investors use rate cuts to pay down mortgages and be more active in the market, this may see a tightening to credit restrictions, according to Riskwise

Queensland (Qld)Brisbane

Featured Property

Palatial Brisbane home inspired by Masterchef

The ultimate in 6-star opulence. For sale by Tyson Clarke of Queensland Sotheby’s International Realty - Brisbane.

National

The Economy

How to buy a blue-chip property bargain this Christmas

Buyer's agent Nick Viner, has revealed his guide to securing blue-chip property bargains this Christmas – and why purchasers need to act now.

Western Australia (WA)

People

Realmark showing True Blue colours for Christmas

Realmark offices have joined forces to create a community event raising awareness of their corporate community program True Blue and Starting Over Support (SOS).

Tasmania (Tas.)Hobart

The Economy

Hobart: Australia’s most unaffordable city for renters

People living on Newstart cannot afford rentals in major cities, with Hobart the least affordable, according to the latest Rental Affordability Index

Victoria (Vic.)Melbourne

Featured Property

Inspired low-maintenance Toorak living

‘La Maison’ combines absolute privacy with exclusivity and elegant luxury, including a pool, basement garaging for more than five cars, home office/theatre and studio. For sale by Peter Kudelka and Andrew Sahhar of Kay & Burton.

Queensland (Qld)Gold Coast

The Economy

New partnership for McGrath Estate Agents on Gold Coast

Josh Willatt joins Andy Hogarth and Billy Jaz in a new partnership for McGrath Palm Beach as the southern Gold Coast market thrives.

Pages

News Roundup

http://www.theaustralian.com.au/business/property/avjennings-urges-less-red-tape-more-infrastructure/news-story/fe8ce064c93643214bc4be6b911c70b8

AVJennings urges less red tape, more infrastructure

AVJennings has blamed governments’ slow planning processes and underinvestment in infrastructure for holding back supply of traditional housing products, after flagging a possible dent in its first-half results.

The Australian

http://www.afr.com/business/transport/automobile/australia-no1-for-firsttime-ferrari-owners-as-property-drives-supercar-boom-20161115-gspkt6

Property drives 'supercar boom'

Australia has outstripped China and Middle Eastern countries when it comes to the percentage of first-time owners out of all Ferraris sold in a country, largely due to the surge in wealth from the property boom.

The Australian Financial Review

http://www.wsj.com/articles/new-york-townhouse-sells-for-12-million-discount-1479404754

New York townhouse sells for $12m discount

Real-estate investor David Edelstein bought the Upper East Side home for US$19m, two years after it sold for US$31m.

The Wall Street Journal

http://www.businessinsider.com.au/3-charts-that-show-australias-high-rise-construction-boom-is-scaling-to-new-heights-2016-7

Three charts showing Australia's high rise construction boom is scaling new heights

In Sydney, Melbourne or Brisbane, all you need to do is look up to understand the epic apartment construction boom underway across Australia’s eastern seaboard.

Business Insider Australia

http://www.9news.com.au/national/2016/11/16/16/54/harry-triguboff-warns-of-short-term-pain-for-sydney-property-market

Australia's wealthiest man warns of short-term pain for property owners

Australia’s wealthiest man Harry Triguboff has issued a warning to homeowners and banks, saying there may be short-term pain ahead for some property owners.

9news.com.au

https://probonoaustralia.com.au/news/2016/07/developer-pushes-pop-shelters-homeless/

Developer pushes for pop-up shelters for the homeless

A Melbourne property developer is on a mission to develop social and affordable housing on a national scale.

probonoaustralia.com.au

http://www.news.com.au/lifestyle/home/why-trump-wont-want-to-move-to-white-house-inside-his-100m-apartment/news-story/8f7c1d9fce7240403ec68a3eeef32d3e

Why Trump won’t want to move to White House

The glitz and gaudiness of US President-elect Donald Trump’s $100 million New York penthouse might make it tough for him to relocate.

news.com.au

http://www.afr.com/real-estate/residential/vic/developer-evolve-offers-21000-to-lure-buyers-20161116-gsqc90

Developer Evolve offers $21,000 to lure buyers

Melbourne developer Evolve has dangled a $21,000 carrot in front of first home buyers and local investors as overseas demand for off-the-plan apartments dwindles.

The Australian Financial Review