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McGrath FY21 first half results at top end of guidance range fully franked dividend declared

McGrath Limited (ASX: MEA) announced its FY21 first half results, at the top end of the guidance range provided in November 2020.

Queensland (Qld)Brisbane

Featured Property

Woolstore rooftop penthouse sold for $6m - Place

Sold by Heath Williams of Place New Farm, who told WILLIAMS MEDIA, "The Brisbane market is going crazy."

National

The Economy

John McGrath – Pandemic creates prestige property boost

Prestige property has been a major beneficiary of the COVID-induced market and is expected to continue throughout 2021 according to John McGrath, founder and executive director of McGrath Estate Agents.

Tasmania (Tas.)Hobart

People

Tasmanian agency changes approach to real estate

A Tasmanian LJ Hooker agency has launched its innovative real estate model that will recalibrate the local industry; and expand and re-establish the brand’s presence across Greater Hobart. LJ Hooker Pinnacle Managing Director Penny Higgs said the hybrid model was a new concept in the sector designed for the modern digital real estate environment.

New South Wales (NSW)Sydney

Featured Property

Bondi penthouse like a “permanent vacation” - The Agency

Delivering the “very best” of Sydney’s most famous beach, this 4-bedroom penthouse is for sale by Ben Collier of The Agency.

Queensland (Qld)Brisbane

Featured Property

Place sells Hendra’s ‘Caulfield House’ for new suburb record of $3.65m

The home was sold by Patrick McKinnon of Place Ascot, with buyer Caitlin describing the purchase as “totally unplanned and serendipitous”.

New South Wales (NSW)Sydney

Featured Property

Heritage garden residence by Sydney Harbour - The Agency

This historic apartment features private garden, attached self-contained studio, and an absolute waterfront address. For sale by Dino Gatti of The Agency.

Victoria (Vic.)Melbourne

Featured Property

One of Malvern East’s last 19th century homes sold by Kay & Burton

Sold by Adam Cashmore and Sophie Su of Kay & Burton, who told WILLIAMS MEDIA the home was very popular, despite a main road position.

Victoria (Vic.)Melbourne Brighton

Featured Property

The ‘ultimate’ Brighton lifestyle domain sold by Kay & Burton

Sold by Sam Taylor, Eleisha Doherty and Dominic Storey of Kay & Burton, who told WILLIAMS MEDIA,“The Bayside market is incredibly buoyant at the moment."

National

Markets

The Agency, Australian Turf Club’s official real estate agent and sponsor partner

The Australian Turf Club (ATC) welcomes the appointment of The Agency as official commercial and residential real estate agency partner across its five venues being Royal Randwick, Rosehill Gardens, Warwick Farm, Canterbury Park and Rosehill Bowling Club.

Pages

News Roundup

https://www.smartpropertyinvestment.com.au/news/16562-houses-free-in-some-perth-suburbs-claims-industry-specialist?utm_source=SmartPropertyInvestment&utm_campaign=22_08_17&utm_medium=email&utm_content=1

Houses ‘free’ in some Perth suburbs, claims industry specialist

Shane Kempton, CEO of Professionals Real Estate Group, says the rising number of homes in more affordable areas of Perth can now be bought for the effective land value of the property.

Smart Property Investment

https://www.mortgagebusiness.com.au/breaking-news/11407-cba-could-face-966bn-in-penalties?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin22_08_17&utm_medium=email&utm_content=1

CBA could face $966bn in penalties

CBA could be facing a penalty of more than $966bn if fined the maximum amount for each alleged breach of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.

Mortgage Business

https://theconversation.com/its-not-just-the-buildings-high-density-neighbourhoods-make-life-worse-for-the-poor-82070

It’s not just the buildings, high-density neighbourhoods make life worse for the poor

Gentrification and poor infrastructure compound the challenges for lower-income and vulnerable residents of high-density developments.

The Conversation

https://www.domain.com.au/news/now-on-airbnb-us-president-donald-trumps-childhood-home-in-queens-new-york-20170810-gxszd2/

US President Donald Trump’s childhood home is now on Airbnb

You can now spend the night in President Donald Trump’s childhood home.

Domain

http://www.afr.com/real-estate/chinas-property-development-curbs-will-hurt-real-estate-investments-20170821-gy0xsi

China's property development curbs will hurt real estate investments

The Chinese government has issued new guidelines to curb the global spending spree by Chinese businesses, restricting overseas property development and investments in hotels.

The Australian Financial Review

http://www.theaustralian.com.au/business/opinion/david-uren-economics/chinas-dangerous-debt-boom-could-end-badly-for-all/news-story/28ed661725b79a4feefef1dfe560cfe7

China’s ‘dangerous’ debt boom could end badly for all

Australia’s economy is being sustained by a credit boom in China that the International Monetary Fund warns is bound to end badly.

The Australian

https://theconversation.com/this-is-why-apartment-living-is-different-for-the-poor-82069

This is why apartment living is different for the poor

There’s been a lot of talk about apartment living of late. But one group is being left out of the conversation: lower-income and vulnerable residents.

The Conversation

http://www.brisbanetimes.com.au/queensland/greens-seek-to-turn-the-tables-on-landlords-with-new-rental-policy-20170816-gxxnhy.html

Greens seek to turn the tables on landlords with new rental policy

Renters would have unlimited, rent-controlled leases and be able to hang paintings, paint walls, keep pets and stay put even if the property was sold under a Queensland Greens policy.

The Brisbane Times