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New research reveals extent of housing affordability concern - Property Council of Australia

New research has revealed almost 70 per cent of voters fear younger people will never be able to buy a home in this country, believing the great Australian dream of home ownership is now out of reach for most Australians.

People

How keeping more of his commission enabled Antony Thompson to grow his business 140%

When Antony Thompson decided to go out on his own, and launch Blac Property Group powered by UrbanX, he was nervous about running his own business. After achieving 140% growth in his first 12 months, he couldn’t be happier with his decision.

Queensland (Qld)Brisbane

People

Experience added to experience team - RE/MAX

RE/MAX Experience welcomes Mike McCullough, an agent and auctioneer with 35 years of residential real estate experience.

Queensland (Qld)Brisbane

Featured Property

‘Brand new’ Fortitude Valley sanctuary sold by Place in less than three days

27 Prospect Street Fortitude Valley sold by Heath Williams and Andrew Cumming of Place New Farm features subtropical design in finishes of concrete, timber, white, and bronze.

New South Wales (NSW)

People

REINSW: Women in Real Estate event coming soon

The 15th annual Real Estate Institute of NSW (REINSW) Women in Real Estate (WIRE) conference will be held at Royal Randwick Races in Sydney on Tuesday 29 March and a high-profile selection of inspiring local and international speakers headline the major professional development event.

South Australia (SA)Adelaide

The Economy

REISA to re-design real estate in South Australia with new state first exclusive event

The Real Estate Institute of South Australia and CEO, Barry Money have poured countless hours into the preparation of never-been-done-before event, home grown for the great state of South Australia.

Tasmania (Tas.)Hobart Victoria (Vic.)Melbourne

People

First National announces VIC/TAS 2022 General Excellence & Marketing Awards

First National Real Estate’s Victoria and Tasmania agents were presented with their 2022 General Excellence and Marketing Awards at Melbourne’s Grand Hyatt on Saturday night.

National

People

Australasian Auctioneering Championship returns for 2022

Real Estate Institute of Australia (REIA) and Real Estate Institute of New Zealand (REINZ) have today announced the highly anticipated Australasian Auctioneering Championship (AUSTROS) is returning in 2022.

South Australia (SA)

Politics

REISA invites new state government to the table

The Real Estate Institute of South Australia welcomes the result of the South Australian state election.

National

The Economy

Housing inquiry proves bipartisan national plan is needed: REIA

REIA has welcomed the handing down of the Inquiry into housing affordability and supply in Australia (the Report) by the Standing Committee on Tax and Revenue which reported 16 intersecting recommendations for the Federal Government’s attention.

Pages

News Roundup

http://www.afr.com/real-estate/commercial/sales/private-investors-snap-up-43m-of-childcare-centres-20180510-h0zvxz

Private investors snap up $43m of childcare centres

Private investors have pounced on an offering of 12 childcare centres in NSW, Victoria and Queensland, with 11 of them selling in 10 days for a combined $43 million.

The Australian Financial Review

https://www.brisbanetimes.com.au/national/queensland/realtor-banned-for-decade-after-directing-tenants-rent-into-her-own-account-20180510-p4zeic.html

Realtor banned for decade after directing tenants' rent into her own account

A Sunshine Coast real estate agent has been fined $25,000 and banned from the industry for a decade after directing tenants' rent into her own account for six months.

Brisbane Times

http://www.afr.com/real-estate/falling-home-ownership-should-prompt-tax-rethink-ahuri-20180509-h0zvig

Falling home ownership should prompt tax rethink: AHURI

Retirees are relying less on the family home as a store of wealth in retirement, strengthening the argument to end tax rules that favour home ownership over other assets, a new report by think tank AHURI says.

The Australian Financial Review

https://www.theage.com.au/national/victoria/developers-who-flattened-corkman-hotel-escape-justice-until-next-year-20180510-p4zek3.html

Developers who flattened Corkman Hotel escape justice until next year

It only took a weekend to tear down the heritage-listed Corkman Hotel but the two developers responsible will not face justice until more than two years after the demolition that shocked Melbourne

The Age

http://www.afr.com/street-talk/zone-q-on-cue-in-clarence-street-20180509-h0zvfd

Zone Q on cue in Clarence Street

There's nothing like a tight yield on a big Sydney tower to make people sit up and pay attention.

The Australian Financial Review

http://www.afr.com/real-estate/canberra-airport-group-irt-plan-aged-and-childcare-facility-in-denman-prospect-20180509-h0ztzj

Canberra Airport Group, IRT plan aged and childcare facility in Denman Prospect

Rich Lister Terry Snow's Canberra Airport Group has selected provider IRT Group to develop a $110 million aged care and childcare centre at its Denman Prospect master-planned suburb in Canberra.

The Australian Financial Review

https://www.brisbanetimes.com.au/national/queensland/resident-wins-appeal-against-toowong-champagne-flute-development-20180508-p4ze03.html

Resident wins appeal against Toowong 'champagne flute' development

A Brisbane resident has won an appeal against the approval of a three-tower complex at the former ABC studio site in Toowong.

Brisbane Times

https://www.theage.com.au/national/victoria/property-investors-could-choose-the-next-melbourne-lord-mayor-20180509-p4ze75.html

Property investors could choose the next Melbourne lord mayor

Property investors - a booming part of the City of Melbourne's demographic - could help deliver Sally Capp the lord mayoralty, if voter enrolment figures are any indication.

The Age