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The Economy

RBA holds cash rate at 1.50 per cent for twentieth month

The Reserve Bank of Australia has held the cash rate steady at 1.50 per cent for the twentieth consecutive month.

New South Wales (NSW)Sydney

People

Randwick flat and Di Jones agent fee donated to St Vincent's Hospital

The proceeds from the sale of a three-bedroom Randwick flat will go to St Vincent's hospital after engineer, Donald Stone, left his apartment to the hospital in his will.

Victoria (Vic.)

Featured Property

Modern design meets rich organic materials at Okaeri

This Mornington VIC home with multi award-winning landscaped gardens is for sale by Dean Phillips and Marcus Gollings of McEwing Partners.

The Economy

CoreLogic March data captures shifting Australian property market

CoreLogic's March data shows Hobart remains Australia's strongest capital city market, while the regions are outpacing cities, and apartment prices are growing more quickly than house prices.

Victoria (Vic.)Melbourne

The Economy

Buyers save millions making apartments their entry point into Melbourne's top suburbs

Buyers can save more than $3 million by buying an apartment rather than a house in some of Melbourne's most exclusive suburbs.

Queensland (Qld)Brisbane

People

Get to know Drew Davies of McGrath New Farm

Drew Davies swapped architecture for real estate after a chance encounter with a real estate agent on a long-haul flight between Brisbane and LA.

Victoria (Vic.)

Featured Property

Alpine-inspired chalet 'Buffalo Lodge' with sweeping views over Mt Buller

After a long day on the slopes, cozy up in this freestanding Alpine home seconds from Bourke Street. For sale by Mark Adams and Zach Adams of Mark Adams Real Estate.

Western Australia (WA)Perth

People

Realmark Coastal's Super Saturday "a great result" for Perth auctions

Paul DiLanzo says it was Realmark Coastal's supportive team culture that made 'Super Saturday' so successful.

New South Wales (NSW)

People

PRD launches Green Housing Scorecard at annual conference

At this year's PRDnationwide conference, the agency released an online tool that scores the sustainability features of residential real estate.

Victoria (Vic.)Melbourne

Construction

Australia's best cubby house: Rocky Road

The winner of 2018 Cubby House Challenge was 'Rocky Road', which sold under the hammer for $20,500, with funds going to the Kids Under Cover charity, which helps youth with homeless prevention strategies.

Pages

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