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Fixing flammable cladding faster and creating local jobs

The Victorian Government will fast-track the rectification of buildings with dangerous cladding to make them safer, sooner and create thousands of jobs as the economy rebuilds from the coronavirus pandemic.

International

The Economy

Renewed activity on global residential markets

Savills Research releases the latest sentiment survey of the global residential network to assess the effects of COVID-19.

Western Australia (WA)Perth

People

A real estate company for the future

Bexleys and Xceed Real Estate companies join to become a force to be reckoned with.

Western Australia (WA)

People

Inducted into the REIWA Hall of Fame

Peter Clements of Mint Real Estate was inducted into the Hall of Fame at the REIWA Awards for Excellence last week.

National

The Economy

John McGrath – Stamp duty: Pay upfront or yearly tax?

Founder of the McGrath Estate Agents, John McGrath looks at the need for stamp duty reform.

Western Australia (WA)Perth

People

Agent sells more properties in half the time

Michael Keil of The Agency has had four properties sold, 15 bidders participating and over $1.7 million in real estate cleared in the space of 48 hours, thanks to the Openn Negotiation platform.

New South Wales (NSW)

Design

Featured Property

Burradoo House: luxury holiday letting turned family escape

Sold by Deborah Cullen and Richard Sholl of Knight Frank Prestige Residential Sales who turned a private inspection into a bewitching family day trip amid covid-19 restrictions.

National

The Economy

Lifestyle properties grow in appeal across country, coast and islands

Deborah Cullen, Partner, Prestige Residential & Head of Brand Relationships at Knight Frank Australia, explains why these properties are enjoying strong demand.

Victoria (Vic.)Melbourne

Featured Property

Strong interest from families for Wayne Gillespie classic

Sold by Jamie Mi, Darren Lewenberg and Gerald Delany of Kay & Burton, who told WILLIAMS MEDIA, “It was priced accurately and exactly in line with what the market was thinking.”

New South Wales (NSW)Sydney

Featured Property

Inside the private Woollahra sanctuary sold by Sydney University

Sold by Ben Collier of The Agency, who told WILLIAMS MEDIA, “The lower than usual number of prestige listings is allowing us to achieve some strong results even in the current health and economic conditions.”

Pages

News Roundup

https://www.domain.com.au/news/starchitect-shigeru-ban-highlights-major-flaw-with-housing-affordability-in-sydney-20170327-gv72il/

Starchitect Shigeru Ban highlights major flaw with housing affordability in Sydney

Profit, not passion, is putting home ownership – and good design – further out of reach for the average Sydneysider, says Pritzker Prize laureate Shigeru Ban.

Domain

http://www.afr.com/real-estate/london-mansion-owners-turn-to-airbnb-as-buyers-turn-up-noses-20170327-gv7dl2

London mansion owners turn to Airbnb as buyers turn up noses

Frustrated after searching for a buyer for two years, the owner of a luxury apartment overlooking London's Hyde Park decided to rent it out for $2,463 a night.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/house-prices-surge-37pc-since-start-of-year/news-story/96330f7f30bf072c4c8b7c0c8f7cb1ce

House prices surge 3.7pc since start of year

Home prices in Australia’s biggest cities have jumped 3.7% since the start of the year.

The Australian Financial Review

http://www.afr.com/news/nation-split-on-negative-gearing-cgt-and-company-tax-cuts-poll-20170326-gv6o05

Nation split on negative gearing, CGT and company tax cuts: poll

Opinion is divided over two of the most contentious areas of economic policy.

The Australian Financial Review

http://www.afr.com/personal-finance/cba-to-mortgage-brokers-beat-rivals-by-churning-20170323-gv50n8

CBA to mortgage brokers: Beat rivals by churning

CBA is encouraging brokers to churn mortgages rather than lose borrowers to competitors who are offering incentives to switch lenders, analysis reveals.

The Australian Financial Review

http://www.theaustralian.com.au/news/nation/housing-crisis-essential-workers-locked-into-long-commute/news-story/e2d0681c4cf4ef79d78eb161f5d6c373

Housing crisis: essential workers locked into long commute

Key services to Australia’s largest city risk being compromised as skyrocketing house prices push nurses, firefighters and other moderate-income earners in essential jobs out of the city.

The Australian

https://www.wsj.com/articles/greta-garbos-manhattan-apartment-goes-on-the-market-1490310716

Greta Garbo’s Manhattan Apartment on the Market

Garbo lived in the river-facing Manhattan apartment from 1953 to her death in 1990. The three-bedroom unit occupies the entire fifth floor of a 14-story building known as the Campanile, built in 1927.

The Wall Street Journal

http://www.smh.com.au/nsw/westconnex-road-widening-triggers-need-to-insulate-apartments-in-inner-sydney-20170324-gv6aq5.html

WestConnex road widening triggers need to insulate apartments in inner Sydney

The state's roads authorities are considering retrofitting airconditioning units and noise insulation to apartments in dense inner-city suburbs where they are widening roads to accommodate traffic moving onto and off the WestConnex.

The Sydney Morning Herald