The Real Estate Conversation

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Families choose to knock down and rebuild over renovating, selling

New data from Metricon NSW has shown that the majority of Sydney home owners would rather knock their home down and rebuild than renovate or sell.

People

Tasmania Sotheby's International Realty announces partnership with Royal Yacht Club

Tasmania Sotheby's International Realty has signed on as a major partner for the Royal Yacht Club of Tasmania.

New South Wales (NSW)Sydney

People

Paddington terrace house sold for $1.075 million

An updated three-bedroom terrace in Paddington has sold at a rate of $21,000 per square metre through 1st City Real Estate.

Victoria (Vic.)Melbourne

Featured Property

Light filled Armadale town residence

Architect Nicholas Day has designed a warm, elegant town home close to shops, restaurants, parklands and transport. For sale by Jeremy Fox and Jack Edgar of RT Edgar Toorak.

Queensland (Qld)

Politics

Queensland Treasurer announces company land tax increase to cover 'Canberra cuts'

Queensland Treasurer Jackie Trad has announced a new land tax foreign surcharge of 2 per cent and an increase in land tax for companies and trusts as part of the 2019/2020 Queensland State Budget.

National

The Economy

Adelaide only capital city to experience house and other dwelling growth in March quarter - REIA

New research from the Real Estate Institute of Australia has revealed that Adelaide is the only capital city not to experience a decrease in median prices for houses and other dwellings in the March quarter.

Western Australia (WA)Perth

People

Sotheby's expands WA reach with Riverside location

Former aviation salesperson Meryl Carter is hoping to take Sotheby's to new heights in Western Australia as Director of its new Riverside location.

New South Wales (NSW)Sydney

Featured Property

North Shore period charm

Versatile and family-friendly, this updated residence on Sydney’s North Shore features sun-washed living spaces, gas-heated pool, and travertine paved entertainer's terrace. For sale by Lisa Davies and Geoff Dean of Belle Property Lindfield.

National

The Economy

Was there a shift in the Brisbane market last week?

An increase in Brisbane auction volumes across last week has been met with a reduced clearance rate across the city, suggesting vendors are confident in direction of the market.

National

People

Norris elected as new HIA President

Simon Norris is the newly elected National President of the Housing Industry Association.

Pages

News Roundup

http://www.afr.com/real-estate/residential/how-to-spot-a-property-whose-value-will-double-20160629-gpv1oz

How to spot a property that will double in value

Small differences, such as excellent natural light, often account for better-than-average capital growth.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/some-win-some-lose-in-australias-big-apartment-crunch/news-story/3fd3e83376428ee899a0d586d149666a

Some win, some lose in apartment crunch

Local investors and foreign buyers account for over 50% of new apartment purchases, so restrictions to finance and new taxes are going to hit the apartment market.

The Australian

http://www.domain.com.au/news/buyers-spending-millions-on-brisbanes-worst-houses-20160629-gptd93/

Buyers spending millions on Brisbane’s worst houses

A scarcity of houses in inner Brisbane has increased demand for decrepit homes in need of major restoration.

Domain

http://www.domain.com.au/news/one-in-10-apartments-sold-for-a-loss-in-march-quarter-report-20160628-gpu5i0/

One in 10 apartments sold for a loss in March quarter

One in 10 apartments in Australia sold for less than the owner paid for it during the March quarter, a report shows.

Domain

http://www.afr.com/news/politics/election/election-2016-questions-over-reliability-of-labors-tax-base-20160628-gptvi5

Questions over reliability of Labor's negative gearing numbers

Labor's budget forecasts have been undermined by revelations the impact of negative gearing and capital gains tax changes are uncertain enough to make revenue forecasts of low reliability.

The Australian Financial Review

http://www.afr.com/real-estate/commercial/investment/chinese-family-buys-faded-collins-street-gem-for-187m-20160628-gpten9

Chinese family buys faded Collins Street gem

Demand for trophy commercial properties in Melbourne from offshore buyers has not abated.

The Australian Financial Review

http://www.mortgagebusiness.com.au/breaking-news/9961-new-lending-platforms-here-to-stay-asic

New lending platforms here to stay: ASIC

Millennials may never require nor engage with a traditional bank.

Mortgage Business

http://www.domain.com.au/news/bondi-hoarders-auction-cancelled-yet-again-as-family-make-lastminute-payment-20160627-gpszp4/

Bondi hoarders’ auction cancelled - again

Residents paid their clean-up debts in a last-minute appearance at the Sheriff's Office, for the fourth time preventing the auction of their home.