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Structural changes emerge as more first home buyers enter the market: report

Some distinct structural changes are emerging in the first home buyer market, according to the Genworth First Home Buyer Sentiment Report

Western Australia (WA)

People

Best in the west recognised by REIWA

Western Australia's top real estate performers were celebrated at The Crown in Perth last Thursday as part of The Real Estate Institute of Western Australia Awards for Excellence

Victoria (Vic.)Melbourne

Featured Property

Magnificent Toorak mega mansion

From a rooftop terrace to an 18-seat cinema, this as-new residence includes appointments to suit the most fastidious buyer, with potential to utilise the adjacent vacant land. For sale by Sarah Case and Mandy Zhu of RT Edgar Toorak.

New South Wales (NSW)Sydney

Featured Property

'Maltoende': Sydney Dress Circle Federation estate

One of Sydney's finest Federation estates, c1901, this magnificent Wahroonga home offers expansive comfort and refined elegance. For sale by Darren Curtis of Ken Jacobs Christies International Double Bay.

National

Design

Smooth wine cellars

Display your wine collections in style with these 5 wine cellar homes, as found on Luxury List.

New South Wales (NSW)

Winners receive recognition at 2019 REINSW Awards for Excellence

The 22nd REINSW Awards for Excellence was held last night in Sydney recognising the best and brightest in real estate

National

The Economy

Steady population growth keeps Australia’s economy ticking along

Australian Bureau of Statistics has released figures showing Australia’s annualised population growth remains at 1.6%

National

Construction

CoreLogic expands valuation service to rural areas

CoreLogic has launched the latest iteration of its valuation software, ValConnect, adding rural desktops to its integrated service offering.

National

Politics

Significant changes requested in submission for STRA market in NSW

The Real Estate Institute of NSW has lodged a submission on the NSW Government’s draft framework on regulating the Short Term Rental market

Queensland (Qld)Brisbane

The Economy

Bulimba home breaks Brisbane auction record after being sold for $8.4 million

A Brisbane family has made history after purchasing a five-bedroom Bulimba home for $8.4 million.

Pages

News Roundup

http://www.wsj.com/articles/once-ignored-properties-gain-favor-in-australia-1474377664

Once-ignored properties get a second look in Australia

Colleges, hospitals get new attention thanks to infusion of capital from foreign investors, lack of supply.

The Wall Street Journal

http://www.abc.net.au/news/2016-09-20/tipperary-station-50-per-cent-ownership-jason-yeap/7860472

Melbourne developer Jason Yeap draws multiple investors to buy 50% of Tipperary Station

A group of investors from Australia and Hong Kong has paid over $49m for a 50% stake in the Tipperary Group of Stations.

ABC

http://www.property-report.com/weak-australia-uk-currencies-lure-malaysian-investors/

Weak Australia, UK currencies lure Malaysian investors

The relative strength of the ringgit against the Australian dollar has empowered Malaysian investors to acquire property here, according to Jones Lang LaSalle.

Property Report

http://www.afr.com/real-estate/residential/vic/discovery-expects-30m-for-melbourne-caravan-park-20160919-grjcsn

Discovery expects $30m for Melbourne caravan park

Australia's largest holiday park operator, Discovery Parks, is selling its only Melbourne site as a future townhouse development, and expects to fetch more than $30m.

The Australian Financial Review

http://www.afr.com/real-estate/commercial/sales/ski-hole-mt-hotham-to-sell-1900sqm-village-site-for-commercial-development-20160726-gqe4rd#ixzz4KgSMVJsu

Ski hole: Mt Hotham to sell 1,900sqm village site for development

The management board of Mt Hotham is selling a 1,905sqm development site in the Victorian ski resort's main village.

The Australian Financial Review

http://www.afr.com/real-estate/brisbane-apartments-sales-slow-prices-fall-20160919-grje0d

Brisbane apartments sales slow, prices fall

Apartment construction and demand have started to slow in Brisbane, property consultants Urbis say.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/pubs-sales-slow-to-a-trickle/news-story/de8cb0e0d3ef2f12bb47e6fec8a46a47

Pubs sales slow to a trickle

The number of inner-city pub sales in Sydney’s CBD has slowed to its lowest in years, as owners hold on to the valuable assets and banks restrict lending to the sector.

The Australian

http://www.theaustralian.com.au/business/property/starryland-australias-parramatta-site-draws-local-buyers/news-story/1886aca5d0d66538c3c2cb5d90e3eff1

Starryland Australia’s Parramatta site draws local buyers

Local buyers have picked up the slack left by the clampdown on foreign buyers in the latest round of apartment sales in the western Sydney hub of Parramatta.

The Australian