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John McGrath – Has COVID-19 changed real estate forever & my suburb picks for 2021

John McGrath looks to the newly released McGrath Report 2021 and explores how COVID-19 has changed the real estate industry.

Queensland (Qld)Sunshine Coast

Featured Property

‘Stonelea’: grand Noosa Hinterland estate

The “no expense spared” property is for sale through Kate Cox and Tony Cox of Reed & Co Estate Agents.

Queensland (Qld)Brisbane

Featured Property

Award-winning Japanese-inspired riverfront sanctuary

Perfect for working from home, this property features a sizeable office and a sound-proofed music room that could double as a podcast studio. For sale by Sarah Hackett of Place Bulimba.

New South Wales (NSW)Sydney

Featured Property

Bespoke designer home encased in period façade

The architecturally redesigned terrace is footsteps from Oxford Street and Paddington Markets. For sale by Ben Collier and Davide Talone of The Agency.

International

Design

Tim Goom of Goom Landscapes: design is a stepping stone

A love of the outdoors is behind this award-winning landscape design and construction business.

New South Wales (NSW)Sydney

Featured Property

Celebrate City Living with this classic style 1920s apartment for sale

The Astor speaks of an elegant and stylish time gone by, and is to be experienced with one of its apartments for sale through Jennifer Aaron Real Estate.

Victoria (Vic.)

Featured Property

Breathtaking views, stunning gardens, and impressive architect designed residence: ‘Celestial Estate’

Designed to capture jaw dropping views from every location, this property boasts over 5 acres of exquisite park and gardens. For sale by Sue Gratton of Circa Heritage and Lifestyle Property.

Queensland (Qld)Brisbane

Featured Property

Full floor apartment in boutique riverfront complex sold partly over FaceTime

The sale was the sixth in the area above $3m for Place Kangaroo Point in 2020.

Queensland (Qld)Brisbane

People

Damian Hackett of Place shares his near 30 years of residential real estate experience and the changes he has seen

2021 will mark 30 years of residential real estate business ownership for Damian Hackett. In that time, he has experienced market highs and lows and of course witnessed major changes with technology, how consumers interact with real estate agents and consequently the overall perception of the industry.

Victoria (Vic.)Melbourne

The Economy

St Kilda $20 million sales run in two weeks by Sam Hobbs post COVID-19 lockdown

Sam Hobbs’ $20 million plus worth of property sales over the last two weeks comprised five St Kilda homes ranging from $3 million to $5 million in price.

Pages

News Roundup

http://www.theage.com.au/business/aviation/backing-secured-for-major-airport-serving-melbournes-southeast-20170703-gx3efu.html

Backing secured for major airport serving Melbourne's south-east

A $7bm proposal to build a privately-owned international airport for Melbourne's south-east will be presented to the Victorian government next week.

The Age

http://www.news.com.au/finance/real-estate/renting/minister-admits-government-has-no-idea-how-many-homes-fitted-with-noncompliant-cladding-amid-messy-review/news-story/5921a224e9ccc420b5d9dcbea8d90ca8

Minister admits government has 'no idea’ how many homes fitted with non-compliant cladding

Timing on a nationwide audit is unclear.

news.com.au

http://www.cairnspost.com.au/realestate/cairns-homeowners-get-no-relief-after-insurance-council-meeting/news-story/667906b9238420ff0799b64d260a4624

Cairns homeowners get no relief after Insurance Council meeting

Cairns residents paid higher insurance premiums than other parts of the country due to the higher risk of cyclones and severe storms.

The Cairns Post

http://www.afr.com/business/banking-and-finance/interestonly-loan-switch-could-hit-households-for-10b-macquarie-20170703-gx3azh

Interest-only loan switch could hit households for $10b

The banks' move to push borrowers out of interest-only loans and towards principal and interest loans will eventually hit lending growth rates.

The Australian Financial Review

https://www.mortgagebusiness.com.au/breaking-news/11239-indigenous-home-ownership-rates-improving-but-still-low-census?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin03_07_17&utm_medium=email&utm_content=2

Indigenous home ownership rates improving but still low: Census

Data from the ABS shows growth in overall Indigenous home ownership from 36% in 2011 to 38% in 2016, but that number is still lower than the 65.5% home ownership rate for Australia in general.

Mortgage Business

http://www.theaustralian.com.au/business/property/tax-hikes-on-foreign-buyers-risk-killing-the-golden-goose/news-story/a663620395759ab1101dce7111d4817b

Tax hikes on foreign buyers risk ‘killing the golden goose’

Changes in government changes on foreign property investors risks “killing the golden goose”, says Victorian developer Tim Gurner, as Chinese sales and inquiries for local dwellings tumble.

The Australian

http://www.afr.com/business/media-and-marketing/publishing/fairfax-media-pressing-ahead-with-domain-spinoff-as-private-equity-bidders-move-on-20170702-gx2usm?eid=Email%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06/09/2016-BeforeTheBell-dom-business-nnn-afr-u&et_cid=29084680&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/business/media-and-marketing/publishing/fairfax-media-pressing-ahead-with-domain-spinoff-as-private-equity-bidders-move-on-20170702-gx2usm%3Feid%3DEmail%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06%252F09%252F2016-BeforeTheBell-dom-business-nnn-afr-u&Email_name=BTB-07-03&Day_Sent=03072017

Fairfax Media pressing ahead with Domain spin-off

Private equity bidders have moved on.

The Australian Financial Review

https://www.smartpropertyinvestment.com.au/spi-plus/latest-hotspots/16267-smart-property-investors-need-to-target-cinderella-suburbs-says-real-estate-ceo

Smart property investors need to target Perth “Cinderella” suburbs: real estate CEO

Travis Coleman, CEO of ACTON, says property buyers should be taking advantage of the upcoming upswing in the Perth property market, with coastal property offering prices under $350,000.

Smart Property Investment