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Ritz Geelong information sessions to be held this month

Ritz Geelong will host two public briefings this month, focussing on Geelong’s short-term accommodation shortage and how the upcoming 4.5 star Ritz development presents an opportunity for property investors to profit from the market gap.

The Economy

Jesse and Mel's hidden advantage on The Block

Jesse and Mel’s chances of winning The Block may have increased slightly after their property was shown to hold nearly $3.68 million in tax deductions for the future buyer should they decide to rent the property out.

New South Wales (NSW)

Featured Property

Award-winning riverfront lifestyle

Capitalising on the old stone ruins of Kenilworth Homestead, this near new, architect designed home delivers over 10 ha pastures, direct access to Yass River and scenic views. For sale by Linda Lockwood and Ryan Broadhurst of Belle Property Kingston.

Victoria (Vic.)

Featured Property

‘Sandstonehaven’: front row Lorne

This luxurious beachside home is a coastal treasure, with a modern yet durable design offering views, convenience and privacy. For sale by Ian Stewart and Michael Coutts of GORRE.

New South Wales (NSW)

Construction

Proposed NSW building reforms 'do not address deeper issues' - Engineers Australia

Engineers Australia has criticised the NSW Government for its response to the Shergold-Weir report, saying its proposed reforms do not meet the commitments it has made to implement the recommendations.

National

The Economy

Housing market warms up but home building still cooling, says HIA

The HIA New Home Sales Report and ABS building approvals figures show that new home builders were still feeling the winter chill in August.

National

The Economy

Big four have made $4.7 billion since 2016 from not passing on RBA cuts: research

New research from financial comparison site Mozo has revealed the Big 4 banks’ tactic of holding back some of the RBA’s rate cuts has seen them pocket a $4.7 billion windfall since 2016.

New South Wales (NSW)

Featured Property

Iconic ‘Mena’: an Orange landmark

Woven into the history of Orange, this restored historic beauty includes the original stables and a gardener's cottage. For sale by Ash Brown and Jack Aumuller of One Agency Orange.

Victoria (Vic.)

Featured Property

Ocean Grove Victorian retreat

Every day is like a holiday at this Ocean Grove home with generous accommodation, pool and 6 car garage workshop. For sale by David Villarosa of Villarosa Real Estate.

The Economy

Sydney and Melbourne lead early stages of housing recovery as dwelling values rise nationally over September

CoreLogic's September Home Value Index results saw the national index post the largest monthly gain since March 2017, largely driven by a strong rebound in Sydney and Melbourne where values were up 1.7 per cent over the month.

Pages

News Roundup

http://www.wsj.com/articles/once-ignored-properties-gain-favor-in-australia-1474377664

Once-ignored properties get a second look in Australia

Colleges, hospitals get new attention thanks to infusion of capital from foreign investors, lack of supply.

The Wall Street Journal

http://www.abc.net.au/news/2016-09-20/tipperary-station-50-per-cent-ownership-jason-yeap/7860472

Melbourne developer Jason Yeap draws multiple investors to buy 50% of Tipperary Station

A group of investors from Australia and Hong Kong has paid over $49m for a 50% stake in the Tipperary Group of Stations.

ABC

http://www.property-report.com/weak-australia-uk-currencies-lure-malaysian-investors/

Weak Australia, UK currencies lure Malaysian investors

The relative strength of the ringgit against the Australian dollar has empowered Malaysian investors to acquire property here, according to Jones Lang LaSalle.

Property Report

http://www.afr.com/real-estate/residential/vic/discovery-expects-30m-for-melbourne-caravan-park-20160919-grjcsn

Discovery expects $30m for Melbourne caravan park

Australia's largest holiday park operator, Discovery Parks, is selling its only Melbourne site as a future townhouse development, and expects to fetch more than $30m.

The Australian Financial Review

http://www.afr.com/real-estate/commercial/sales/ski-hole-mt-hotham-to-sell-1900sqm-village-site-for-commercial-development-20160726-gqe4rd#ixzz4KgSMVJsu

Ski hole: Mt Hotham to sell 1,900sqm village site for development

The management board of Mt Hotham is selling a 1,905sqm development site in the Victorian ski resort's main village.

The Australian Financial Review

http://www.afr.com/real-estate/brisbane-apartments-sales-slow-prices-fall-20160919-grje0d

Brisbane apartments sales slow, prices fall

Apartment construction and demand have started to slow in Brisbane, property consultants Urbis say.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/pubs-sales-slow-to-a-trickle/news-story/de8cb0e0d3ef2f12bb47e6fec8a46a47

Pubs sales slow to a trickle

The number of inner-city pub sales in Sydney’s CBD has slowed to its lowest in years, as owners hold on to the valuable assets and banks restrict lending to the sector.

The Australian

http://www.theaustralian.com.au/business/property/starryland-australias-parramatta-site-draws-local-buyers/news-story/1886aca5d0d66538c3c2cb5d90e3eff1

Starryland Australia’s Parramatta site draws local buyers

Local buyers have picked up the slack left by the clampdown on foreign buyers in the latest round of apartment sales in the western Sydney hub of Parramatta.

The Australian