The Real Estate Conversation

New South Wales (NSW)Sydney

Clearance rates continue to strengthen across Brisbane - Place

Place has experienced strong clearance rates nearing 100% as Brisbane continues its stellar run.

Sydney property values reach new record high - CoreLogic

CoreLogic today announced Sydney property values have recovered to be beyond their earlier 2017 peak.

Regional areas experienced a sharp deterioration in affordability - HIA

“Regional areas experienced a larger decline in affordability than the capital cities," stated Angela Lillicrap, HIA’s Economist.

REIA reports a rise in housing and rental prices across most of Australia

Real Estate Institute of Australia President, Adrian Kelly said the weighted average capital city median price increased by 6.0% for houses and by 0.9% for other dwellings.

Western Australia (WA)Perth

Strengthening apprentice support will strengthen economy: HIA

HIA welcomes the Australian Government's decision to extend the Boosting Apprenticeship Commencements subsidy by injecting a further $1.2 billion.

People

Anil Singh joins The Agency South Perth

REIWA Master Salesperson 2020 Anil Singh joins The Agency's real estate sales team in South Perth.

Queensland (Qld)Brisbane Gold Coast Sunshine Coast

People

First National announces Queensland 2020 General Excellence & Marketing Awards

First National Real Estate’s Queensland agents were presented with their 2020 General Excellence and Marketing Awards at Hilton Brisbane on Saturday night.

John McGrath – Synchronised growth in home values nationwide

Australia is now in a synchronised price growth phase not seen for more than a decade according to John McGrath, founder and executive director of McGrath Estate Agents

http://www.afr.com/real-estate/foreign-buyers-in-one-in-three-commercial-property-deals-20170830-gy7478

People

OPENN Negotiation joins select group of prop tech companies 2021 REACH Australia class

Peter Gibbons Managing Director of OPENN Negotiation told WILLIAMS MEDIA, “Each year REACH selects a handful of the best PropTech companies in the region that have hit a high level of success and are looking to scale into new global markets.

Pages

News Roundup

Foreign buyers in one in three commercial property deals

Foreign investors accounted for one third of deals in the commercial property market in the first half of 2017.

http://www.afr.com/real-estate/nsw-building-owners-to-cover-costs-on-cladding-rectification-values-at-risk-20170829-gy6edn?eid=Email%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06/09/2016-BeforeTheBell-dom-business-nnn-afr-u&et_cid=29093007&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/real-estate/nsw-building-owners-to-cover-costs-on-cladding-rectification-values-at-risk-20170829-gy6edn%3Feid%3DEmail%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06%252F09%252F2016-BeforeTheBell-dom-business-nnn-afr-u&Email_name=BTB-08-30&Day_Sent=30082017

NSW building owners to cover costs on cladding rectification

Many owners of the 1,000 NSW buildings identified with possible non-conforming cladding won't be able to claim against the developer or builder because the two-year window to make such claims has passed, a lawyer says.

http://www.afr.com/news/economy/why-theres-no-quick-fix-to-housing-affordability-says-ceda-20170828-gy5qxu

Why there's no quick fix to housing affordability, CEDA

Australia's chronic demand for new homes, driven by population growth in the big cities, is unlikely to ease in coming decades: says the Committee for Economic Development of Australia.

https://architectureau.com/articles/junya-ishigamis-redesigned-grand-arch-for-sydney-doubles-in-size/

Junya Ishigami’s redesigned ‘grand arch’ for Sydney doubles in size

Japanese architect Junya Ishigami has updated his design for the large-scale arch above George Street, Sydney, which now calls for a structure almost doubled in size.

ArchitectureAU

https://www.domain.com.au/news/the-suburbs-where-half-of-all-homes-are-mortgagefree-20170815-gxwmvh/

The suburbs where half of all homes are mortgage-free

The country’s top mortgage-free suburb is Park Ridge in Brisbane where the median price is $471,000, but in Sydney and Melbourne the suburbs with the highest rate of fully-owned homes were million-dollar plus neighbourhoods.

Domain

http://www.theaustralian.com.au/business/property/fund-manager-360-financing-developers/news-story/3bdae8e07a61167e00a3d9e666d7f9b9

Property fund manager 360 Capital Group is financing developers

Property fund manager 360 Capital Group is on the way to becoming a major non-bank financier.

The Australian

https://sourceable.net/connections-are-more-important-than-ever/

Connections are more important than ever

It is amazing how many opportunities there are for urban renewal and regeneration projects in cities, often on derelict, former industrial, and infrastructure sites.

Sourceable

http://www.afr.com/real-estate/developer-hua-cheng-defaults-on-35m-loan-leaving-14-apartment-buyers-in-limbo-20170824-gy2xbp

Developer Hua Cheng defaults on $35m loan leaving 14 apartment buyers in limbo

At least 14 buyers who bought apartments off the plan in Sydney's south-west are facing the loss of their investment after the developer defaulted on a loan from a British Virgin Island lender, backed by a Chinese bank.