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Land tax reforms commence in SA from July 1

Andrew Shields, general manager REISA writes to members regarding their responsibilities with the land tax reform in South Australia.

National

The Economy

Strong sales at auctions as prices above reserves achieved: Market Wrap

Capital city sales are showing strong interest at auctions again, according to Brad Gillespie of The Agency in Sydney and Brad Pearce of Miles Real Estate in Melbourne.

National

Construction

Design that clicks to keep us apart

Leading Australian designer Zahava Elenberg launches Clikclax — an innovative new mobile solution to staying apart while working together.

National

John McGrath – EOFY wrap & trends for FY21

John McGrath of McGrath Estate Agents outlines the trends for 2021 in property.

New South Wales (NSW)

Design

Get to know Noel Crowe CEO of Berrima Bridge Horticulture

For horticulturist Noel Crowe, work for NASA and an international career was not enough to resist the call of home and the renowned family nursery business in the NSW southern highlands.

Victoria (Vic.)Melbourne

Get to know Sam Rigopoulos of Jellis Craig Northcote

"I feel very confident that once we see stock flowing again some extraordinary results will follow."

New South Wales (NSW)Sydney

Featured Property

Private parkside Woollahra sanctuary sold in 2 days

Sold by Ben Collier of The Agency, who told WILLIAMS MEDIA, “The interest in the home was no surprise given the home and the setting of the property amidst the greenery of Cooper Park.”

Victoria (Vic.)

Featured Property

‘Two Shores’: updated 1895 coastal home sold by Kay & Burton

Sold by Andrew Hines, Liz Jensen and Ross Savas of Kay & Burton, who told WILLIAMS MEDIA, “A lot of Melbourne buyers are reconsidering their getaway/recreational time, driving sales on the Mornington Peninsula.”

National

The Economy

"Strong case for reforming GST and reducing reliance on harmful taxes"

REIA has welcomed the draft report from the Independent NSW Review of Federal Financial Relations to reform our taxes.

Western Australia (WA)Perth

The Economy

REIWA data shows strongest month in real estate sales in Perth since 2015

Perth has recorded one of its strongest months for real estate sales since 2015, according to the Real Estate Institute of WA.

Pages

News Roundup

http://www.smh.com.au/business/the-economy/why-we-need-to-worry-about-the-level-of-australian-household-debt-20170407-gvfwel.html

Why we need to worry about the level of Australian household debt

The balance sheets of Australian households with a mortgage are dangerously exposed to any fall in house prices.

The Sydney Morning Herald

http://www.afr.com/personal-finance/blue-chip-borrowers-offered-big-incentives-20170405-gve67s

Blue chip borrowers offered big incentives

Lenders may be cracking down on some borrowers but they're falling over themselves to woo customers they see as a safe bet.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/blocked-beijing-buyers-to-look-to-australia/news-story/dfff57c2b78ade04313dc1fb18af62e9

Blocked Beijing buyers ‘to look to Australia’

Beijing’s moves to dampen speculation in its overheated housing market will stoke the flames of Sydney and Melbourne’s seemingly unstoppable housing prices, says former Macquarie boss Bill Moss.

The Australian

https://www.domain.com.au/news/rag-trader-malcolm-webster-sells-darling-point-terrace-for-about-48-million-20170406-gvero7/

Rag trader sells Darling Point terrace for $4.8m

Malcolm Webster has sold his Darling Point terrace ahead of its scheduled auction, bringing his extensive Sydney real estate holdings to an end, following the decision to place his brands David Lawrence and Marcs into voluntary administration.

Domain

http://www.afr.com/business/banking-and-finance/financial-services/fitch-moodys-sp-alert-but-not-alarmed-by-housing-20170405-gveogu

Fitch, Moody's, S&P alert but not alarmed by housing

The world's biggest credit ratings agencies acknowledge the rising threat Australia's unbalanced property market poses for the economy, but are content to watch for further signs of trouble before ringing the alarm.

The Australian Financial Review

https://www.wsj.com/articles/farm-to-condo-movement-stakes-its-claim-to-brooklyn-rooftop-1491391801

Farm-to-Condo Movement Stakes Its Claim to Brooklyn Rooftop

It was only a matter of time before the farm-to-table movement merged with the Brooklyn condominium boom.

The Wall Street Journal

http://www.afr.com/real-estate/36000-property-portfolios-risk-income-shortfall-20170405-gve58l

One in three Sydney landlords risk income shortfall

Falling rents or loss of tenants could seriously jeopardise the financial viability of nearly 36,000 property investment portfolios around the country.

The Australian Financial Review

http://www.abc.net.au/news/2017-04-05/who-is-to-blame-if-people-are-in-too-much-debt/8418474

Who is to blame if people end up in financial strife after taking out a home loan?

Is it the bank, or the Government, or should people take responsibility for their own money problems?

ABC