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Australia home to more $1 million-plus houses than ever before: CoreLogic

The share of properties worth more than $1 million was at a record high in Australia in 2017. But with prices falling, could this psychologically important price tag be less common in 2018?

New South Wales (NSW)

Featured Property

Belmura: private rural retreat minutes from Byron Bay

This Hamptons-style residence on 12 acres (48,562sqm approx.) with established gardens, creek frontage and hinterland views, is for sale through Gary Brazenor and Denzil Lloyd of Bangalow Real Estate.

Queensland (Qld)Brisbane

People

Coronis sets new Ascot, Brisbane, record price with $11m sale

One of Brisbane's most luxurious homes, 27 Sutherland Avenue, Ascot, has sold for a suburb record of $11million through Coronis managing director Andrew Coronis and Patrick McKinnon of Coronis Hamilton.

Design

Tracey Emin's delicate bronze birds to "inspire hope" in Sydney CBD

Sixty delicate hand-made bronze bird sculptures are now dotted around Bridge and Grosvenor Streets in the Sydney CBD, comprising a new public artwork by internationally acclaimed artist, Tracey Emin.

National

People

Shortlist for 2018 Australian Interior Design Awards announced

The Australian Interior Design Awards has revealed its shortlisted projects for the 2018 awards.

Victoria (Vic.)Melbourne Fitzroy

Featured Property

The Independent Hall: historic Fitzroy landmark property

One of Fitzroy's most recognisable homes is for sale by Rick Daniel and Luke Chisholm of Nelson Alexander Fitzroy.

National New South Wales (NSW)Sydney Tasmania (Tas.)Hobart

Markets

Hobart leads price gains in December quarter: ABS data

Hobart now has the fastest growing property prices in Australia, while long-time leader Sydney has slipped to fourth place.

Northern Territory (NT)

People

Get to know Gennie Cox of Elders Real Estate Darwin

Gennie Cox is a finalist at tomorrow night's REIA 2018 National Awards for Excellence being held at Doltone House in Sydney.

International

People

Rome's historic The Palazzetto, with 'secret garden' and views of Vatican City, for sale

Historic The Palazzetto consists of three luxury residences, and features sweeping views of Rome and a lush green 'secret garden'.

New South Wales (NSW)

Featured Property

Modern Lake Macquarie acreage with peaceful outlook

Situated on land of over 5,000sqm (approx.) on the shores of Lake Macquarie, this Eraring residence is for sale by Chris Smith of McGrath Toukley.

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News Roundup

http://www.theguardian.com/australia-news/2015/aug/24/luke-foley-wants-ban-on-property-developers-and-agents-being-councillors

Luke Foley wants ban on property developers and agents being councillors

Luke Foley, leader of the Labor opposition in New South Wales, wants to ban property developers and real estate agents from being local councillors. Foley has also called on the NSW government to reverse the decision to let councillors vote on planning controls that could benefit them.

The Guardian

http://www.yourinvestmentpropertymag.com.au/news/real-estate-agents-have-no-right-to-provide-smsf-advice-204542.aspx

Real estate agents have "no right" to provide SMSF advice

Real estate agents will likely be forced to stop recommending people use self-managed super funds (SMSF) to buy property unless they are licensed to do so according to one financial expert.

Your Investment Property Magazine

http://www.heraldsun.com.au/news/victoria/agents-in-the-spotlight-as-real-estate-laws-are-reviewed/story-fni0fit3-1227493096346

Agents in the spotlight as real estate laws are reviewed

Real estate agents will be under the spotlight after the State Government announced a review of the laws governing agents, owners’ corporations and conveyancing.

Herald Sun

http://www.theaustralian.com.au/business/property/charter-hall-in-150m-deal-with-new-chinese-property-entrant/story-fnko7zi0-1227489859471

Charter Hall in $150m deal with new Chinese property entrant

Charter Hall Group has stamped itself as one of the canniest players of the current boom in the pricing of office assets with residential conversion potential by striking a $150 million deal to offload a site on Sydney’s north shore to a joint venture backed by a new Chinese entrant.

The Australian

http://www.theage.com.au/business/banking-and-finance/mortgage-choice-sees-no-impact-from-apras-curbs-on-property-investors-20150819-gj2mw6.html

Mortgage Choice sees no impact from APRA's curbs on property investors

Recent moves by banks to lift interest rates for property investors will not crimp loan volumes for broker Mortgage Choice, which is receiving record inquiries from landlords about financing, says its new chief executive, John Flavell.

The Age

http://www.propertywire.com/news/europe/uk-house-price-forecast-2015081810878.html

UK residential property prices forecast for steady growth in next five years

House prices in the UK are expected to continue growing, with steady rises over the next five years across the country, the latest five year forecast shows.

Property Wire

http://www.yourinvestmentpropertymag.com.au/news/steady-flow-of-supply-results-in-sydney-residential-vacancy-rate-decreasing-204454.aspx

Steady flow of supply results in Sydney residential vacancy rate decreasing

The latest Sydney residential vacancy rates point to a steady flow of tenants finding accommodation according to the Real Estate Institute of New South Wales (REINSW).

Your Investment Property Magazine

http://www.businessspectator.com.au/article/2015/8/18/australian-news/chinas-rebalancing-lose-lose-australia

China's rebalancing is lose-lose for Australia

Potential growth in China has eased considerably in recent years -- almost certainly by more than indicated by official sources -- as authorities struggle with an economic transition that is largely unprecedented in size and scope. Unfortunately, it’s a lose-lose situation for Australia, with Chinese investment set to underperform expectations in the long term regardless of whether Chinese authorities are successful or not.

Business Spectator