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Savvy homeowners cash in on high capital growth suburbs in Brisbane

Savvy property owners have made huge cash gains after investing in a number of Brisbane suburbs which have recorded high capital growth, new research from Place Advisory reveals.

National

People

Here’s why you didn’t get the job, according to a real estate recruiter

Ever wondered why you didn't get the job? Virginia Brookes from Resolver Recruitment reveals why you may have missed out on that job offer.

New South Wales (NSW)

Featured Property

Hunter Valley charm: solid stone cottage with guest house

Located in the heart of Pokolbin, this home includes its own unique wine tasting space, a separate guest house and spa retreat, within walking distance of Hunter Valley wineries. For sale by Peter Dehnert of McElwaine Property East Maitland.

Victoria (Vic.)

The Economy

Victoria home to most affordable suburbs in nation, says report

The state of Victoria is home to some of the most affordable suburbs around the country, a recent report by CoreLogic has found.

Victoria (Vic.)

Politics

VIC state government announce $10m to upgrade Bendigo public housing

Public housing tenants in Bendigo will benefit from $10 million in improvements to public housing estates, thanks to an Andrews Labor Government boost to regional public housing.

Victoria (Vic.)Melbourne

Design

‘Future Cities’ symposium to unveil shortlisted designs for $2b Southbank by Beulah

Six teams comprising the world’s leading architecture firms will present their ideas for the Southbank by Beulah development at the ‘Future Cities’ symposium later this month.

Queensland (Qld)Brisbane

Featured Property

The Riverbank: Magnificent Bulimba heritage estate

This historic home, with stunning Brisbane city views, has been transformed for modern family living. For sale by Cathy Richards and Sarah Hackett of Place Bulimba.

National

Politics

How close did we come to having our own Grenfell disaster?

Eerily close, according to Evaculife Managing Director, Bruce Bromley, who says the La Crosse apartment building in Melbourne’s Docklands could have easily suffered the same fate as the Grenfell disaster in London.

National

The Economy

Luxury market defies downturn: Knight Frank

The Australian prime residential market has, and continues to, travel at a different pace to the mainstream housing market, according to Knight Frank’s latest research report - the Australian Prime Residential Review – 2018.

National

The Economy

Market rationalisation underway, says REIA

The Australian property market is experiencing a rationalisation of agents due to tighter lending criteria, which is seeing longer listing times and stagnant prices particularly on the east coast, according to the Real Estate Institute of Australia (REIA).

Pages

News Roundup

http://www.cnbc.com/2015/10/29/this-city-is-worlds-riskiest-for-property-bubble-ubs.html

London world's riskiest city for property bubble: UBS

UBS said that property in all European cities now exceeds fair valuation, with London the most overvalued market on the continent and the city most at risk in the world for another housing bubble.

CNBC

https://www.thesaturdaypaper.com.au/news/economy/2015/10/31/chinese-investment-and-extradition/14462100002571

Chinese investment and extradition

The unending extradition issue illustrates Australia’s deep ambivalence to our economic relationship with China: Australia wants the goods they send us, but we’re suspicious of the provenance of capital inflows and dubious about its benefits.

The Saturday Paper

http://architectureau.com/articles/nightingale-slapped-down-by-tribunal-thats-lost-the-plot/?utm_source=ArchitectureAU&utm_campaign=e9d7d33ff7-AAU_2015_10_27&utm_medium=email&utm_term=0_e3604e2a4a-e9d7d33ff7-40540417&mc_cid=e9d7d33ff7&mc_eid=d865be39ad

Nightingale rejected by tribunal that’s ‘losing the plot’

Roz Hansen, planning expert and chairperson of the Victorian government’s Ministerial Advisory Committee for Plan Melbourne, said the decision was “pretty concerning.” “The site actually ticks all of the strategic boxes in terms of the integration of land use, transport, particularly active transport, and [when] we get caught up on the fact that a development doesn’t have two or three car park spaces, my view is we’re losing the plot,” Hansen said.

Architecture AU

http://www.theaustralian.com.au/subscribe/news/1/index.html?sourceCode=TAWEB_WRE170_a_GGL&mode=premium&dest=http%3A//www.theaustralian.com.au/business/property/housing-market-tipped-to-soften-further/story-fn9656lz-1227586672607&memtype=anonymous

Housing market tipped to soften further

Australia’s housing market is expected to soften further, with price growth and rents scaled back in most states, according to a sentiment survey released by National Australia Bank.

The Australian

http://www.perthnow.com.au/news/western-australia/global-architecture-firm-benoy-names-first-australian-projects-in-perth-and-mandurah/news-story/3c400cb923b06c13672f4de17b6e6151

Global architecture firm Benoy names first Australian projects in Perth and Mandurah

UK architecture firm Benoy has named its first Australian projects in WA. Working closely with Melbourne developer Federation Centres, Benoy will complete the redevelopment and expansion of two retail centres — Mandurah Forum and Galleria Shopping Centre in Morley.

Perth Now

http://www.wsj.com/articles/chinese-firms-vie-to-buy-starwood-hotels-1445968609

Chinese firms vie to buy Starwood Hotels

At least three big Chinese companies are competing to win Beijing’s approval to bid for Starwood Hotels & Resorts Worldwide Inc., according to people with knowledge of the discussions, setting the stage for what could be the largest-ever Chinese takeover of a U.S. company.

The Wall Street Journal

http://www.nytimes.com/2015/10/27/us/in-drought-ridden-california-the-classic-lawn-loses-ground.html?ref=realestate&_r=0

In drought-ridden California, the classic lawn loses ground

With help from public rebates, yards are being redefined as grass gives way to less thirsty materials, including decomposed granite.

The New York Times

http://www.theaustralian.com.au/business/dataroom/lj-hooker-seeks-22m/story-fnjw8txa-1227586064867

LJ Hooker seeks $22m

The owners of LJ Hooker and its advisers, Citi and Morgans, are believed to be making attempts to secure $22 million ahead of the company’s initial public offering to pay down part of a $61m loan to Macquarie. The real estate chain, which is chaired by Janusz Hooker, the grandson of the company’s founder, has aspirations to list on the Australian Securities Exchange around March next year, just months after the anticipated float of rival McGrath Estate Agents.

The Australian