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National

The Economy

Slow down in auctions as Christmas draws near

The final week of auction reporting for the year by CoreLogic sees the clearance rate drop below 70 per cent.

International

The Economy

Beverley Hillbillies mansion sold for $150 million

The sale of Chartwell Mansion to Newscorp's Lachlan Murdoch is a real estate record and includes manicured gardens, fountains, a tennis court and a 75-foot 'ce-ment pond'.

National

People

REIA re-elects President for second term

Adrian Kelly has been re-elected for a second term as president of the Real Estate Institute of Australia.

Queensland (Qld)Brisbane

Featured Property

One Macquarie riverfront perfection

“A great Christmas present for a lucky buyer?” For sale by Hamish Bowman of Ray White New Farm.

National

The Economy

Beyond Blue and HIA continue mental health push

A partnership between Beyond Blue and HIA are working to support the mental health of those working in the residential building industry.

Queensland (Qld)Sunshine Coast

Featured Property

Sunshine Coast rainforest oasis

This statement home offers private and secluded coastal living on over 4,000sqm. For sale by Jason Mills of Ray White Maroochydore.

Queensland (Qld)Gold Coast

Featured Property

Broadbeach Waters resort-style tropical opulence

Offering waterfront Gold Coast luxe on an unprecedented scale, this family entertainer is for sale via Michael Kollosche of Kollosche.

National

The Economy

Market wrap and updated regional report

CoreLogic has released the weekend's auction results as well as the quarterly regional report across Australia.

Queensland (Qld)Brisbane

Featured Property

Four-storey Balmoral Hill residence sets a price record with $3.5m sale

Sold by Tony O’Doherty and Luke Batchelor of Belle Property Bulimba, who told WILLIAMS MEDIA, “There is frustration as we have so many buyers for that market and not enough stock.”

People

Get to know Pauline Hurren, registered Architect for 63 years

"A letter sent to me upon my graduation from the Institute of Engineers, with weak congratulations, contained the advice that it would be prudent not to become a member of the Institute as female toilets were not available."

Pages

News Roundup

http://www.afr.com/real-estate/property-lenders-hike-rates-by-60-basis-points-20161122-gsvco9

Property lenders hike rates by 60 basis points

Lenders are raising the cost of buying property by up to 60 basis points reflecting the "Trump effect", growing expectations central bankers will end the era of record low rates.

The Australian Financial Review

http://www.smh.com.au/interactive/2016/sydney2026/chapter3.html

The new airport

More than a year after being handed a deadline to leave, about 20 leaseholders on the land designated for the airport are refusing to move.

The Sydney Morning Herald

http://www.smh.com.au/business/property/john-mcgrath-shares-property-pain-20161123-gsvy36.html

John McGrath shares property 'pain'

John McGrath has vowed to stick with listed company bearing his name, telling investors he "shares the pain" of the struggling agent's performance.

The Sydney Morning Herald

http://www.domain.com.au/news/sydney-property-owners-subdividing-blocks-and-selling-vacant-sites-to-take-advantage-of-property-market-20161121-gsujx8/

Sydney property owners subdividing blocks, selling vacant sites

A tennis court and pool in Sydney’s northern beaches is on the market with a price guide of $4 million, as owners look to make the most of the hot property market.

Domain

http://www.afr.com/news/melbourne-must-limit-sprawl-to-protect-farm-land-20161123-gsvnkw

Melbourne must limit sprawl to protect farm land

Melbourne and its surrounds can continue to provide food for a population of 7-8 million only if Melburnians accept a hard urban boundary and higher population density, report says.

The Australian Financial Review

http://www.smh.com.au/interactive/2016/sydney2026/chapter5.html

Our green spaces

A “green grid” is proposed for Sydney, and will include converting golf courses into public parks, and retro-fitting cooling systems.

The Sydney Morning Herald

http://www.theaustralian.com.au/news/nation/housing-developer-plans-will-just-drive-up-prices/news-story/00e7b67389634d4d3bc39195ba6d9574

Housing developer plans ‘will just drive up prices’

Plans to demand developers hand over up to 10% of new units for affordable housing will make housing more expensive.

The Australian

http://www.afr.com/business/banking-and-finance/financial-services/credit-rating-agency-questions-the-rise-of-lending-algorithms-20161122-gsuwjy

Credit rating agency questions the rise of lending algorithms

Rating agency experts doubt the ability of computers to fully assess credit risk.