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REIA National Awards for Excellence celebrates the best in the industry

The REIA 2018 award winners were announced last night at The Real Estate Institute of Australia's National Awards for Excellence.

National

People

Strong Aussie employment data reflected in real estate jobs

There are so many job opportunities and openings in the real estate jobs market, it's difficult to keep up with the demand, says Sharon Bennie of Specialist Property Recruitment.

National

The Economy

Australia home to more $1 million-plus houses than ever before: CoreLogic

The share of properties worth more than $1 million was at a record high in Australia in 2017. But with prices falling, could this psychologically important price tag be less common in 2018?

New South Wales (NSW)

Featured Property

Belmura: private rural retreat minutes from Byron Bay

This Hamptons-style residence on 12 acres (48,562sqm approx.) with established gardens, creek frontage and hinterland views, is for sale through Gary Brazenor and Denzil Lloyd of Bangalow Real Estate.

Queensland (Qld)Brisbane

People

Coronis sets new Ascot, Brisbane, record price with $11m sale

One of Brisbane's most luxurious homes, 27 Sutherland Avenue, Ascot, has sold for a suburb record of $11million through Coronis managing director Andrew Coronis and Patrick McKinnon of Coronis Hamilton.

Design

Tracey Emin's delicate bronze birds to "inspire hope" in Sydney CBD

Sixty delicate hand-made bronze bird sculptures are now dotted around Bridge and Grosvenor Streets in the Sydney CBD, comprising a new public artwork by internationally acclaimed artist, Tracey Emin.

National

People

Shortlist for 2018 Australian Interior Design Awards announced

The Australian Interior Design Awards has revealed its shortlisted projects for the 2018 awards.

Victoria (Vic.)Melbourne Fitzroy

Featured Property

The Independent Hall: historic Fitzroy landmark property

One of Fitzroy's most recognisable homes is for sale by Rick Daniel and Luke Chisholm of Nelson Alexander Fitzroy.

National New South Wales (NSW)Sydney Tasmania (Tas.)Hobart

Markets

Hobart leads price gains in December quarter: ABS data

Hobart now has the fastest growing property prices in Australia, while long-time leader Sydney has slipped to fourth place.

Northern Territory (NT)

People

Get to know Gennie Cox of Elders Real Estate Darwin

Gennie Cox is a finalist at tomorrow night's REIA 2018 National Awards for Excellence being held at Doltone House in Sydney.

Pages

News Roundup

http://www.wsj.com/articles/australia-weighs-steps-to-rein-in-sydney-property-1437631685

Australia Weighs Steps to Rein in Sydney Property

Fast-rising house prices are prompting regulators in New Zealand and Australia to try, or consider, measures to prick nascent bubbles in single cities, an unusual move for any country.

The Wall Street Journal

http://www.theaustralian.com.au/business/property/morgan-stanleys-investa-exit-the-countdown-begins/story-fnko7zi0-1227454514389

Morgan Stanley's Investa exit: the countdown begins

Morgan Stanley has entered the final and potentially most turbulent stage of its exit from Investa Property Group, the $8.9 billion real estate empire it acquired shortly before the global financial crisis erupted in 2007.

The Australian

http://www.probonoaustralia.com.au/news/2015/07/morrison-acknowledges-housing-stress

Morrison acknowledges housing stress

Housing failures are at the centre of most social service challenges in Australia, the Federal Social Service Minister Scott Morrison warned in a speech in Melbourne on Wednesday.

Pro Bono Australia

http://www.theaustralian.com.au/business/property/hong-kongs-euro-properties-hones-in-on-sydney-market/story-fn9656lz-1227453069508

Hong Kong's Euro Properties hones in on Sydney market

Hong Kong-based developer Euro Properties is shaping up to be the next offshore player making a splash in Sydney’s property market as it runs the ruler over two of the city’s most sought after assets.

The Australian

https://www.mywealth.commbank.com.au/property/how-does-foreign-investment-in-australian-residential-property-w-infocus201507

How does foreign investment in Australian residential property work?

Over the past few months there’s been plenty of discussion around overseas buyers investing in Australian residential real estate, how this could affect supply and demand in the future and what that might mean for local property prices.

CommBank My Wealth

http://www.dailytelegraph.com.au/realestate/news/growth-in-sydney-property-prices-to-continue-at-modest-pace-as-housing-boom-comes-off-the-boil/story-fni0cly6-1227452541613

Growth in Sydney property prices to continue at modest pace as housing boom comes off the boil

NSW’s strengthening economy and rising levels of migration will ensure Sydney property prices continue growing in the near future, despite persistent rumours of a housing bubble, predicts real estate kingpin John McGrath.

The Daily Telegraph

http://www.irishtimes.com/business/commercial-property/european-banks-aim-to-sell-74bn-of-real-estate-debt-1.2292320

European banks aim to sell €74bn of real estate debt

European banks and asset managers are seeking to sell €74 billion of real estate debt and foreclosed assets, the most ever, as they trim their soured loan books.

The Irish Times

http://www.afr.com/real-estate/gold-coast-rentals-as-full-as-sydney-homes-20150722-gihss4

Gold Coast rentals as full as Sydney homes

Apartments and houses at the Gold Coast are now just as full as those in Sydney with the glitter strip recording a five-year low in the rental vacancy rate at 1.8 per cent.

The Australian Financial Review