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REINSW: First home buyer scheme “a slap in the face”

Despite the announcement to coincide with the by-elections, there are still no details available on the NSW Government’s latest scheme in which it proposes to contribute to the cost of a first home buyer’s home in return for part ownership of their property. But what is clear, says the Real Estate Institute of NSW (REINSW), is Government’s admission it can’t solve the affordable housing crisis for first home buyers.

Queensland (Qld)Brisbane

People

The grass just got a little greener within the Limitless Group!

Real estate principal Hayley Van de Ven is amassing a mighty team and announces the arrival of another big name. Kirstie Clarke, previously a Key Account Manager with Domain returns ‘home’ to RE/MAX Results and RE/MAX Bayside Properties as Performance and Growth Manager.

Western Australia (WA)Perth

People

Neville Pozzi celebrates 45 years at REIWA

Chief Executive Officer (CEO) Neville Pozzi is celebrating 45 years of employment at the Real Estate Institute of Western Australia.

National

The Economy

John McGrath – Unprecedented price growth in East Coast regional markets set to continue

John McGrath founder and executive director of McGrath Estate Agents shares his top regional suburb picks for each of the four East Coast states.

New South Wales (NSW)Sydney

Featured Property

Designer Palm Beach home for sale with glorious beach views - The Agency

Overlooking the beach in one northerly panorama 39 Florida Road Palm Beach for sale by Steven Chen and Tim Wenden of The Agency.

Queensland (Qld)Brisbane

Featured Property

Developer's Hawthorne riverfront for sale - Place

The 80 Uhlmann Street Hawthorne home for sale by Sarah Hackett of Place Bulimba, offers a spectacular lifestyle in a sought-after location on the Brisbane River.

New South Wales (NSW)Sydney

Featured Property

For sale Bellevue Hill entertainer - The Agency

53 Kambala Rd Bellevue Hill for sale by Ben Collier of The Agency is reminiscent of a grand estate in the English countryside.

Queensland (Qld)Brisbane

People

Get to know Drew Davies, Director of Place Ascot

Place Ascot's Drew Davies ranks among the top 1% of agents in the country, selling over $120m of Brisbane property in the last year.

Victoria (Vic.)

Featured Property

Flinders Village residence and shop for sale whole or as two separate parcels - Kay & Burton

The retail and residential row at 62-66 Cook Street Flinders for sale by Tom Barr Smith and Ruth Williams of Kay & Burton currently generates 4 income streams.

New South Wales (NSW)Sydney

Featured Property

Sun-kissed family home Woollahra for sale - The Agency

The voluminous home at 27 Wallaroy Road Woollahra for sale by Ben Collier of The Agency is truly luxurious in both scale and design.

Pages

News Roundup

https://www.theaustralian.com.au/business/property/woodlink-warns-on-stamp-duty-costs-for-foreign-buyers/news-story/df0a55fb6d391be5bcea59141156efe4

Woodlink warns on stamp duty costs for foreign buyers

Chinese-backed developer Woodlink has warned that higher stamp duty costs were deterring foreign investors.

The Australian

http://www.afr.com/real-estate/kerry-stokes-flagship-property-holdings-saves-struggling-collingwood-project-20180416-h0yuvi

Kerry Stokes' Flagship Property Holdings saves struggling Collingwood project

Flagship Property Holdings refinanced developer Cranecorp's $35m Collingwood project the night before the site was due to be sold in a mortgagee auction.

The Australian Financial Review

https://www.smh.com.au/national/nsw/sydney-plans-ignore-problems-facing-residents-to-sell-city-to-the-world-20180409-p4z8jo.html

Sydney plans ignore problems facing residents

Sydney’s much-lauded new urban policies eschew critical analysis in favour of projecting an aestheticised image of a “global city”, masking the city’s real needs and possibilities.

The Sydney Morning Herald

https://www.theaustralian.com.au/business/property/10bn-makeover-for-brisbane-cbd/news-story/882082829b40fbcce92f8d3c92ee8db8

$10bn makeover for Brisbane CBD

Brisbane’s CBD will resemble one big building site in coming years as more than $10bn worth of new developments take shape in the CBD.

The Australian

https://www.theaustralian.com.au/business/companies/daydream-renovation-cost-a-nightmare/news-story/7b9542aeab9bbd4642b3175c54551115

Daydream renovation cost a nightmare

The Shanghai-based owners of Queensland’s Daydream Island Resort and Spa have been forced to double the renovation costs of the resort to $100m, after damage caused by Cyclone Debbie last year.

The Australian

https://www.commercialrealestate.com.au/news/how-co-working-companies-are-offering-work-perks-beyond-beanbags-and-beer/

How co-working companies are offering perks beyond beanbags and beer

Tashi Dorjee, co-founder of Sydney's TwoSpace, says his company will offer lunches cooked by an in-house chef, wine and whisky tasting sessions, cooking classes, and free access to gyms and pools.

Commercial Real Estate

https://www.thefifthestate.com.au/innovation/residential-2/social-enterprise-real-estate-agency-launches-in-sydney

Social enterprise real estate agency launches in Sydney

A real estate agency launched in Sydney last week aims to connect those in need of housing with investment property owners keen to be part of the affordability solution.

The Fifth Estate

http://www.afr.com/news/world/north-america/san-francisco-takes-highrise-seismic-gamble-building-new-skyscrapers-20180418-h0yx38

San Francisco takes high-rise seismic gamble building new skyscrapers

San Francisco lives with the certainty that the Big One will come. But the city is also building taller buildings clustered together because of its severe housing shortage.

The Australian Financial Review