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Robert Morris-Nunn: Tasmania’s architectural story teller

“Architecture, out of all the creative arts, is probably in the best position to potentially add value to enrich many people’s lives.”

Victoria (Vic.)Melbourne

People

Get to know Gowan Stubbings, Kay & Burton Director

"The ability to listen, show respect and be empathetic are all incredibly important traits that are critical in our world."

New South Wales (NSW)Sydney

Featured Property

Blank slate penthouse sold in Zenith Tower

An exceptional blank canvas, this apartment featuring iconic, 360-degree Sydney views has been sold by Darren Curtis and Ken Jacobs of Ken Jacobs Christie’s International.

Victoria (Vic.)Melbourne

Featured Property

217,107 engagements for modern Malvern family sanctuary

Sold by Oliver Booth and Matt Davis of Kay & Burton, who told WILLIAMS MEDIA, “I think there is a large demand for good quality family homes that are all done and ready to move in.”

Victoria (Vic.)Melbourne

Featured Property

Prahran gem sold on eve of lockdown

Renovated with a New York feel and a flexible layout, the single level home was sold by Andrew Smith of Kay & Burton.

Western Australia (WA)Perth

The Economy

Go west for most affordable state three years in a row

Now is the time to buy into the Western Australia housing market, according to REIWA President, Damian Collins.

National

People

Getting to know Ree Chettri of The Agency

In such unprecedented times Ree Chettri of The Agency has added one more role to her property management portfolio - being a friend to the tenants and landlords she is helping through COVID-19.

Queensland (Qld)Brisbane

Featured Property

Whole-floor riverfront apartment in prestigious One Macquarie

This sprawling 4-bedroom residence embraces the Queensland climate for year-round indoor/outdoor living. For sale by Judy Goodger of Place New Farm.

New South Wales (NSW)

Construction

New laws for multi-storey apartment buildings introduced

Unprecedented powers have been introduced to the NSW Building Commissioner raising the standard of residential buildings.

New South Wales (NSW)Sydney

People

New McGrath office opens in Sydney's North Shore

Father and son Mark and Daniel Cook join McGrath as company extends its Sydney’s northside focus to St Ives.

Pages

News Roundup

http://www.afr.com/real-estate/this-sydney-car-space-is-on-sale-for-400000-is-it-australias-most-expensive-20170521-gw9y25

This Sydney car space is on sale for $400,000.

The tandem spot, part of the Mantra 2 Bond Street complex, is just a short stroll from the ASX, The Rocks, and the Sydney Opera House.

The Australian Financial Review

http://www.afr.com/business/banking-and-finance/interestonly-loans-could-be-australias-subprime-20170519-gw939m

Interest-only loans could be 'Australia's sub-prime'

High-risk mortgage loans to young families, professionals, and other over-extended borrowers amounting to more than six times household incomes could wipe out 20% per cent of the major banks' equity base, institutional investment fund JCP Investment Partners has warned.

The Australian Financial Review

http://www.smh.com.au/business/property/us-hedge-fund-financing-australian-apartment-building-20170515-gw5cvg.html

US hedge fund financing Australian apartment building

Family-run property developer Salta Group tapped into US hedge fund money in "one line" to build its recent Park House project.

The Sydney Morning Herald

http://www.afr.com/real-estate/residential/landlords-face-loss-of-950-a-year-in-deductions-on-typical-renovation-20170518-gw7jod?et_cid=29078562&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/real-estate/residential/landlords-face-loss-of-950-a-year-in-deductions-on-typical-renovation-20170518-gw7jod&Email_name=MW5-05-19&Day_Sent=19052017

Landlords face loss of $950 a year in deductions on typical renovation

The ATO is claiming landlords have inflated deductions as much as 1000 per cent.

The Australian Financial Review

https://www.domain.com.au/news/why-young-sydneysiders-are-starting-businesses-rather-than-trying-to-buy-homes-20170520-gw8pso/

Why young Sydneysiders are starting businesses rather than trying to buy homes

A growing number of millennials have turned to entrepreneurship in a shaky job market, but against the backdrop of rocketing house prices, many see business and property as a fork in the financial road.

Domain

http://www.afr.com/real-estate/gst-on-new-housing-changes-put-tax-office-first-in-line-if-developer-fails-20170512-gw38t0

GST on new housing: Changes put ATO first in line if developer fails

Changes to the way GST must be paid on new housing from July 1 next year means the ATO will rank above all other creditors if the developer runs into financial trouble.

The Australian Financial Review

http://www.economist.com/news/americas/21722249-american-protectionism-not-only-threat-economy-end-canadas-housing-boom?fsrc=scn/tw/te/bl/ed/bubblebaththeendofcanadashousingboom

The end of Canada’s housing boom?

“It’s time to remind folks that prices of houses can go down as well as up,” says Stephen Poloz, the governor of the Bank of Canada.

The Economist

http://www.afr.com/business/banking-and-finance/investment-banking/retirees-are-riskier-investors-than-millennials-says-asx-report-20170518-gw7uov

Retirees are riskier investors than millennials, says ASX report

Millennials aren't just eating smashed avo and not saving for homes, they're getting into the sharemarket in greater numbers and are more risk averse than their parents and grandparents.

The Australian Financial Review