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Royal commission highlights drastic need for property investment advice regulations

The banking royal commission has highlighted the drastic need for property investment advice regulation, according to the Property Investment Professionals of Australia (PIPA).

National

The Economy

Regional dwelling values rise while city values record declines

Property prices in the nations capital cities recorded a decline while the value of regional dwellings continue to edge higher.

International

Featured Property

World class luxury island lodge for sale

On Rakino island in the waterway surrounding Auckland Harbour, the 23 acre Hurakie Lodge is for sale through Andrew Jolliffe and Finn Hurst of Ray White.

International

Design

Developer sought for major New Zealand residential project

Australian developers are being invited to participate in an EOI to secure a 41.7ha, fully approved and master planned subdivision in Auckland.

Western Australia (WA)Perth

The Economy

Perth market experiencing significant uptick: REIWA

Buyer confidence is increasing as Perth's property market experiences a significant uptick in sales activity according to REIWA data.

National

Design

Australian cities ranked among world's greenest

Sydney and Melbourne have ranked third and fourth on the index, coming in just behind Vancouver and Toronto

Tasmania (Tas.)Hobart

Featured Property

The Admiral’s Suite: harbourside history on Hunter

Agent Lynne Page of Knight Frank Hobart told WILLIAMS MEDIA “The building is thought to be located on the very site where Hobart was settled in 1804.”

New South Wales (NSW)Sydney Victoria (Vic.)Melbourne

The Economy

Parts of Sydney record low clearance rates while Melbourne market remains strong: CoreLogic

Auction volumes rose across the capital cities over the weekend, but a slump in Sydney auction results suggests a weakening market

Victoria (Vic.)

People

Informational event on combustible cladding to be held in wake of London's Grenfell disaster

The REIV has organised a special information session in the wake of the combustible cladding crisis.

Victoria (Vic.)

The Economy

Melbourne's highest growth suburbs for real estate prices revealed

New data from the REIV shows that despite lower auction clearance rates, the overall Melbourne market is continuing to build from the previous year

Pages

News Roundup

http://www.smartpropertyinvestment.com.au/news/14580-investors-turning-to-commercial-property

Investors turning to commercial property

An anticipated upswing in commercial real estate demand following changes to residential property investment guidelines has prompted one lending institution to refocus its advisory operations. ING Direct has established a specialist commercial property team to help meet a surge in client demand for commercial real estate.

Smart Property Investment

http://www.mortgagebusiness.com.au/breaking-news/8910-chinese-investors-flock-to-non-banks

Chinese investors flock to non-banks

An Australian non-bank lender has recorded a surge in lending to Chinese buyers and says other non-banks are also filling a void created by the major banks.

Mortgage Business

http://www.theaustralian.com.au/business/opinion/how-property-sector-could-cave-in-on-turnbull/story-fnp85ntp-1227529752481

How property sector could cave in on Turnbull

In the massive Sydney apartment market a drama is taking place that will have a big effect on the fortunes of the new Turnbull government. And the same drama, albeit with different players, is set to take place in Melbourne.

The Australian

http://www.dailytelegraph.com.au/news/adelaides-most-expensive-home-revealed-ivanhoe-in-gilberton-sold-for-over-7-million-by-bernard-h-booth-real-estate/story-fnii5yv6-1227523464638

Adelaide's most expensive home revealed

A sprawling mansion in one of the state’s most tightly held suburbs has set a South Australian property record, selling for more than $7 million. Grand estate Ivanhoe at 9 Edwin Tce, Gilberton was recently placed under contract off-market by Bernard H Booth agent Jamie Brown and is due to settle before the end of the year.

The Daily Telegraph

http://www.dailymail.co.uk/news/article-3231548/Is-ultimate-shabby-chic-home-Celebrity-stylist-Restoration-Australia-host-Sibella-Court-puts-luxury-Sydney-pad-market.html

Restoration Australia host Sibella Court puts her luxury Sydney pad on the market

Celebrity stylist and Restoration Australia host Sibella Court has put her ex-corner store Paddington pad up for sale for $1.65million. The Victorian-era corner terrace at 27 Alexander St, Paddington was the base for Ms Court's The Society Inc, a multi-purpose space which acted as a hotel, among other things.

Daily Mail

http://www.ft.com/intl/cms/s/0/4e1c1192-57a4-11e5-a28b-50226830d644.html#axzz3llR2Ddsk

Rule change hits demand for Australian investor visas

Demand for Australian investor visas has slowed to a trickle following a government decision to follow Canada and the UK in tightening rules on fast-track residency in return for investment.

Financial Times

http://www.theaustralian.com.au/business/property/housing-bubble-talk-puts-mcgrath-chairman-david-mackay-on-edge/story-fniz9vg9-1227525391238

Housing bubble talk puts McGrath chairman David Mackay on edge

The new chairman of McGrath Estate Agents, who sits on the Woolworths board and until 2011 was chief executive of listed US giant Kellogg, says: “Like London, New York, San Francisco and Vancouver, Sydney and Melbourne are now a destination for a lot of people around the world. They are safe, clean and green, so the market in those two cities is benefiting from Asian and other investment.”

The Australian

http://www.theaustralian.com.au/business/property/tradie-shortage-pushes-home-prices-up-as-skills-lost-to-mining/story-fniz9vg9-1227525391463

Tradie shortage pushes home prices up as skills lost to mining

The residential construction boom is being plagued by a trade crisis, with a shortage of skilled labour increasing costs and build times.

The Australian