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Policy makers must be ready to 'step up', says Property Council

The announcement of a May 18 election date has coincided with new data showing declining confidence levels in Australia's property market.

National

The Economy

CoreLogic usher in new era with Home Loan Portfolio Analysis

CoreLogic has launched a new tool to provide more comprehensive customer-level data on home loans.

New South Wales (NSW)Sydney

Featured Property

Five levels of contemporary luxury in McMahons Point

A showcase of cutting edge style and supreme functionality, this freestanding Habour-side home offers indoor/outdoor family luxury. For sale by Annika Bongiorno and Aaron Bongiorno of Stone Real Estate McMahons Point.

National

The Economy

Housing finance numbers continue to dive: REIA

The Australian Bureau of Statistics has released its Lending to Households and Businesses for February 2019, presenting statistics on housing finance commitments including for the purchase or construction of new dwellings.

New South Wales (NSW)Sydney

People

Max Spartalis moving forward with Krulis Residential

It's difficult to talk about Double Bay real estate without mentioning Krulis Residential Director/Partner Max Spartalis.

Queensland (Qld)

People

Team Surti joins Queensland Sotheby's International Realty

Queensland Sotheby’s International Realty has welcomed the addition of Hope Island real estate specialist Suni Surti.

Victoria (Vic.)Melbourne

Featured Property

Grand proportions and contemporary luxury in Toorak

A private oasis amongst some of Toorak’s most sought-after addresses, this contemporary home offers impressive entertaining options and chic living spaces. For sale by Nicole Gleeson and Michael Gibson of Kay & Burton South Yarra. For sale by Nicole Gleeson and Michael Gibson of Kay & Burton South Yarra.

National

The Economy

New research identifies housing markets where prices are 'set to soar'

Data from property marketing organisation Select Residential Property has listed the Australian suburbs that are best placed to experience a rise in property values across the next three years.

Queensland (Qld)Brisbane

Construction

Top location puts Savvi apartment buyers in the box seat

Upper Mount Gravatt, home to the boutique Savvi Apartments project, is rapidly emerging as a new regional powerhouse for Brisbane.

National

The Economy

Tax deductions at risk for 'live-in' renovators

New data from BMT Tax Depreciation shows over one in four people had lived in their property prior to renting it out.

Pages

News Roundup

http://www.afr.com/business/banking-and-finance/confessions-of-a-china-banker-it-was-all-a-bit-dodgy-20160512-gou4be

Confessions of a China banker: 'it was all a bit dodgy'

By mid-2013 all the focus was on China. There was plenty of money to be made, but for credit and compliance officers within Australia's big four banks it required a different appetite for risk than they were accustomed to.

The Australian Financial Review

http://www.domain.com.au/news/the-truth-about-cats-and-dogs-in-strata-buildings-20160512-gopt7n/

The truth about cats and dogs in strata buildings

Slightly pet-friendlier bylaws are to be included in the new strata legislation.

Domain

http://www.afr.com/opinion/columnists/why-the-banks-stopped-funding-chinese-investors-20160512-gothtu

Why the banks stopped funding Chinese investors

Westpac stopped lending to non-resident home buyers last month after their share of the bank's new mortgage lending jumped from 5% to 15% in about three years.

The Australian Financial Review

http://www.afr.com/personal-finance/the-one-thing-property-investors-cant-afford-to-scrimp-on-20160429-gohvns

One thing property investors can't afford to scrimp on

It's natural for buyers to seek ways to trim their costs. One obvious area is the pre-purchase building inspection.

The Australian Financial Review

http://www.smh.com.au/nsw/auburn-councillor-ronney-oueik-fined-3600-for-illegal-building-works-20160510-goqkys.html

Auburn councillor Ronney Oueik fined $3600 for 'illegal' building works

A property developer and Liberal politician on Sydney's most controversial council has been fined just $3600 for building an apartment block with too many bedrooms, from which he made millions.

The Sydney Morning Herald

http://www.theaustralian.com.au/business/opinion/robert-gottliebsen/dramatic-shifts-herald-a-new-era-in-residential-property/news-story/da9146edc2ade0b8fbc3d5cf0af714a1

Dramatic shifts herald a new era in residential property

The level of Chinese buying of Sydney apartments has fallen dramatically, but there has been a surge in Australian buying of existing and ‘off the plan’ apartments, says Robert Gottliebsen.

The Australian

http://www.afr.com/business/legal/investment-banker-oliver-curtis-pleads-not-guilty-to-insider-trading-20160511-gos6vk

Curtis used insider trading profit to fund Bondi pad

Investment banker Oliver Curtis used a $1.4m insider trading profit to fund the purchase of Bondi beach pad, court told.

The Australian Financial Review

http://www.theaustralian.com.au/business/opinion/bernard-salt-demographer/ebb-and-flow-of-overseas-migration-is-key-to-property-prices/news-story/ff29be2168eb2e17f4b51d817b30be4d

Ebb and flow of overseas migration is key to property prices

The demand for residential property in our two biggest cities is being sustained not by strong overseas migration, but by interstate migration flows, says Bernard Salt.

The Australian