The Real Estate Conversation

Western Australia (WA)Perth

Land in the bank: Why future development sites are the perfect port in a storm

Jack Brown from Indonesian property brokerage Invest Islands outlines the advantages of land banking in the current climate.

Available rental stock in Perth dropping at a rapid rate

The Real Estate Institute of Western Australia has revealed Perth’s rental stock has been quickly absorbed, with listings falling by 17 per cent in May.

Politics

Property industry responds to Government housing stimulus

Overwhelming positive response to the Federal Government's HouseBuilder stimulus package across the building industry bodies.

Housing values dip lower as sales recover

CoreLogic Home Value Index results for May show Australian dwelling values posted their first month-on-month decline since June last year.

Quarterly housing report shows affordability improved

The REIA's quarterly report gives a snapshot of the housing industry showing a slight improvement before the effects of Coronavirus.

Design

Winners announced online for 2020 HIA-CSR Australian Housing Awards

Due to COVID-19 the 2020 HIA-CSR Australian Housing Awards were announced online for the first time in HIA history on 29 May, successfully showcasing the winners and finalists to a wide-reaching national audience.

New South Wales (NSW)

REINSW calls for $2500 landlord subsidy

Landlords are suffering too, according to the REINSW and the $2500 needs to be available for them as soon as possible.

People

Preston auction through Openn Negotiation hits reserve in 8 days

Michael Tomadakis of Biggin & Scott Inner North partners with Openn Negotiation for outstanding auction result

http://www.mortgagebusiness.com.au/breaking-news/10914-home-ownership-beyond-reach-of-a-whole-generation?utm_source=MortgageBusiness&utm_campaign=20_03_17&utm_medium=email&utm_content=1

Vendors are seeing their properties snapped up: Market Wrap

Buyers out in force as properties sell strongly at auction or before they are due to go under the hammer, according to agents Chris Wilkins from Ray White and James Baker of McGrath Estate Agents.

Pages

News Roundup

Home ownership ‘beyond reach of a whole generation’

Unaffordable housing is leading to a permanent shift in property ownership, say senior economists from BIS Oxford Economics.

Mortgage Business

http://www.theaustralian.com.au/business/property/iron-ore-recovery-lifts-port-hedland-rents-for-the-first-time-since-2012/news-story/e2a455d2adf954e2bc544ec1d39d8df9

Port Hedland rents on the rise as iron ore rebound buoys market

Australia’s worst-performing property market may have just turned a corner.

http://www.theaustralian.com.au/business/property/analysis-points-to-rates-trigger-point-for-house-price-fall/news-story/e6243e02a7ba03e695e27c9f0f55f73a

Analysis points to rates trigger point for house price fall

Mortgage rates need to rise to almost 6% before house prices would start sliding, according to new analysis.

http://www.afr.com/real-estate/london-house-prices-rebound-in-march-boosted-by-outer-boroughs-20170320-gv2b87

London house prices rebound in March boosted by outer boroughs

London property prices rebounded to an all-time high this month.

The Australian Financial Review

http://www.theaustralian.com.au/business/opinion/brace-for-the-selloff-property-market-at-a-tipping-point/news-story/3b48c6724b028f579c3161344a221cd4

Brace for the sell-off: property market at a tipping point

The much maligned prediction of a sell-off in property prices is beginning to come true.

http://www.afr.com/real-estate/sydney-melbourne-property-auction-clearance-rates-hit-fresh-record-highs-20170319-gv1ax6

Sydney, Melbourne property auction clearance rates hit record highs

Auction sales of established homes in Sydney and Melbourne remained strong on the weekend amid signs that investor lending restrictions for off-the-plan sales are starting to bite.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/meritons-harry-triguboff-loan-curbs-pushing-unit-prices-up-again/news-story/420f84bc709dcf31c56f5bb634267a64

Triguboff: loan curbs pushing unit prices up again

Prices for new apartments started to rise again last month as planned projects stalled following tougher lending restrictions, Meriton founder says.