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Significant changes requested in submission for STRA market in NSW

The Real Estate Institute of NSW has lodged a submission on the NSW Government’s draft framework on regulating the Short Term Rental market

Queensland (Qld)Brisbane

The Economy

Bulimba home breaks Brisbane auction record after being sold for $8.4 million

A Brisbane family has made history after purchasing a five-bedroom Bulimba home for $8.4 million.

Queensland (Qld)Brisbane

Featured Property

Hamptons style with prestigious riverside address

This Hawthorne residence offers relaxed family living in elegant style. For sale by Vaughan Keenan and Natalie Rasmussen of Grace And Keenan.

Victoria (Vic.)Melbourne

Design

This Melbourne pop-up apartment is a Victorian first

Southbank’s first pop-up apartment will be open for Melburnians to visit this weekend

Victoria (Vic.)

The Economy

Victoria to have biggest auction weekend in seven months

With more than 1000 auctions planned across the state, Victoria’s property market is jumping into spring

National

Design

Short term rentals grow 47% as hospitality and property industry feel impact

Short term rentals have taken the Australian property industry by storm, according to accommodation managers, MadeComfy

National

People

Real estate training set for changes

Changes to the Real Estate Training Package will streamline qualifications to ensure they are more suited to the ever-changing work requirements of our industry, now and into the future, says REINSW.

New South Wales (NSW)Sydney

Featured Property

Flair and finesse with Middle Harbour views

This as new contemporary home offers everyday opulence with flexible family living spaces and premium appointments throughout. For sale by Maria Cassarino and Julian Rowe of Stone Real Estate Seaforth.

National

The Economy

Residential property prices fall in June quarter, but there are positive signs for Sydney and Melbourne markets

Residential property prices fell 0.7 per cent in the June quarter, according to figures released this week by the Australian Bureau of Statistics.

The Economy

Perth's top ten most affordable coastal suburbs to rent

Data from the Real Estate Institute of Western Australia has revealed the top ten most affordable coastal suburbs to rent are all under $300 a week.

Pages

News Roundup

http://www.afr.com/real-estate/residential/vic/kingsville-is-melbournes-property-golden-triangle-20160914-grftmr

Kingsville is Melbourne's property golden triangle

After 20 years of booting home winners on racetracks around Australia, Dale Smith will now work in real estate.

The Australian Financial Review

https://www.theguardian.com/commentisfree/2016/sep/12/leaving-heart-and-home-when-your-cocoon-of-memories-becomes-someone-elses?CMP=Share_iOSApp_Other

Leaving heart and home: when your house of memories becomes someone else's

It’s almost time to go now from this house that’s been my cocoon for almost two decades.

The Guardian

http://www.afr.com/real-estate/record-new-unit-supply-will-force-down-unit-value-growth-corelogic-20160912-greftk

Record new unit supply will force down unit value growth

Apartment values traditionally underperform house values, but with greater supply of units coming onto the market, values will come under further pressure, says CoreLogic.

The Australian Financial Review

http://www.domain.com.au/news/sydneysiders-denying-the-city-a-chance-to-become-a-better-place-to-live-report-says-20160908-grbfnt/

Sydneysiders denying the city chance to become better place to live, says report

Sydneysiders are in danger of scuppering their city’s chances of becoming a more dynamic, vibrant and enjoyable place to live by refusing to take part in a sensible conversation about its future.

Domain

http://www.theaustralian.com.au/business/property/stamp-duty-the-unkindest-tax-of-all-for-young-home-buyers/news-story/3175c2052224fd93db13a46bdb7622e7

Stamp duty the unkindest tax of all for young home buyers

New data reveals many first-home buyers are slugged more than $100,000 in government taxes and bank deposit requirements to enter the property market.

The Australian

http://www.afr.com/real-estate/residential/mortgage-defaults-tick-higher-among-regional-banks-20160912-gre75r

Problem loans tick higher

Mortgage defaults are rising and loans to property investors in NSW are also taking a bigger share of the lending pie.

The Australian Financial Review

http://www.domain.com.au/news/west-connexstyle-losses-feared-over-new-forced-strata-sales-20160909-grcnvr/

West Connex-style losses feared over new forced strata sales

Apartment owners forced to sell their units under new strata laws could lose hundreds of thousands of dollars in a West Connex-style value gap, it has been claimed.

Domain

http://www.news.com.au/finance/economy/australian-economy/australia-six-weeks-from-a-housing-collapse-us-report-warns/news-story/866d2fdee41b1227ce654f66ed8d9837

Australia six weeks from a housing collapse, US report warns

AUSTRALIA has roughly “six weeks” to prevent a housing market collapse caused by the banks’ crackdown on foreign investor lending, a US defence think tank has warned.

news.com.au