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"The industry does not seek self-regulation" REINSW CEO sets record straight

Real Estate Institute of New South Wales (REINSW) CEO Tim McKibbin says the property services industry does not seek self-regulation as suggested by Minister for Better Regulation Matt Kean.

National

The Economy

Adding value to your team: choosing a property lawyer

Dan Holden, Director of HoldenCAPITAL Partners discusses how to choose a good property lawyer.

Queensland (Qld)

Design

Queensland tops 2018's Master Builders best homes list

Seven Queensland homes have been named the best in Australia at the 2018 Master Builders National Excellence in Building and Construction Awards.

New South Wales (NSW)Sydney

Featured Property

Sandy Point Lodge: Palm Beach double deep waterfront

This home is one of only three deep waterfront properties in Palm Beach occupying a double block and offers spectacular 180 degree views from Careel Bay to Sandy Point. For sale by Peter Robinson of LJ Hooker Palm Beach.

National

The Economy

"We've all forgotten what a normal market is" agent says on cooling auction clearance rates

A Drummoyne home has defied market trends, skyrocketing $650k above the reserve price, while Place Bulimba held another successful All-Star Auction event.

Queensland (Qld)Brisbane

The Economy

Quade Cooper and Laura Dundovic list luxurious Bulimba pad

Melbourne Rebels recruit Quade Cooper and his model partner Laura Dundovic are selling their newly renovated Bulimba home through Ray White Ascot's Damon Warat.

Western Australia (WA)Perth

The Economy

Strong rental market to lead the way in Perth next year, says industry body

The Real Estate Institute of Western Australia (REIWA) is confident the Perth rental market will lead the housing market next year, but warns any changes to negative gearing has the potential to impact buyers.

Queensland (Qld)Brisbane

Featured Property

Nareke: Landmark riverfront estate

This classic stately mansion sits on approx. 3,923sqm of riverside rainforest, with no neighbours, yet is just 2km from Brisbane’s CBD. For sale by Christine Rudolph of Ray White New Farm.

New South Wales (NSW)

The Economy

Drummoyne home attracts global interest

Ray White Drummoyne director Chris Wilkins is expecting fast and furious bidding when he takes the 53 Dening Street home to auction this Saturday.

National

The Economy

"The missing element in a drive to professionalism": PRDnationwide Chairman on need for better industry regulations

Chairman and Managing Director of PRDnationwide, Tony Brasier says advocating for buyer's agents would drive professionalism in the real estate industry.

Pages

News Roundup

http://www.afr.com/business/banking-and-finance/australian-economy-wellplaced-to-weather-crazy-markets-says-nab-20160216-gmvdy1

Australian economy well-placed to weather 'crazy' markets, says NAB

Banks are recording very low bad-debt levels.

The Australian Financial Review

http://www.theaustralian.com.au/national-affairs/acci-grattan-institute-aged-pension-an-inheritance-scheme/news-story/c0d17f613afdda0ef63b6152087e979e

ACCI, Grattan Institute: aged pension an ‘inheritance scheme’

Converting pension payments to retired homeowners into a loan would stop the aged pension becoming a 'taxpayer-funded inheritance scheme'.

The Australian

http://www.theaustralian.com.au/business/property/payce-buy-bulks-up-holding/news-story/463862e6a9e92b9d19cdca517e650389

Chinese developer Aqualand Australia has reaped $25m landbanking a site in western Sydney.

Demonstrating the health of western Sydney’s real estate market, Chinese developer Aqualand Australia has reaped as much as $25 million landbanking a major site in the area for a mere two years.

The Australian

http://www.afr.com/news/policy/tax/labor-risks-pushing-push-mums-and-dads-into-riskier-investments-20160215-gmujny

Labor risks pushing mums and dads into riskier investments

Labor's crackdown on negatively geared rental homes and flats could push taxpayers into riskier investments with better tax benefits while adding little to housing supply, tax experts say.

The Australian Financial Review

http://www.smartpropertyinvestment.com.au/news/15074-middle-ring-suburbs-focus-of-sydney-apartment-boom

Middle-ring suburbs focus of Sydney apartment boom

Increasing affordability pressures are continuing to drive the off-the-plan apartment boom in Sydney, with an increasing number of new approvals located outside of the inner city.

Smart Property Investment

http://www.mortgagebusiness.com.au/breaking-news/9445-apra-eliminates-aggressive-lending-practices

APRA eliminates 'aggressive lending practices'

APRA chairman, Wayne Byres, has reaffirmed the prudential regulator’s stance on mortgage lending in a speech before the Senate Economics Legislation Committee in Canberra.

Mortgage Business

http://www.domain.com.au/news/celine-dion-drops-the-price-of-her-ostentatious-florida-mansion-20160215-gmu6ks/

Celine Dion drops the price of her ostentatious Florida mansion

After another price reduction, Celine Dion's Florida estate is now down $US26 million on the original price and is currently listed for $US45.5 million.

Domain

http://www.smh.com.au/business/property/chinese-buyers-reality-or-a-metropolitan-myth-20160211-gmravm.html

Asian buyers: Reality or a metropolitan myth?

The latest Foreign Investment Review Board figures and ABS data on Chinese investment in residential real estate show Chinese investment accounted for only 2% of transactions in the Australian residential market.

The Sydney Morning Herald