The Real Estate Conversation

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John McGrath – Huge help for first home buyers

John McGrath, founder and executive director of McGrath Estate Agents outlines the help available to those who want to step into the property market for the first time.

Victoria (Vic.)Melbourne

Featured Property

Rise above it all: The Penthouse at Palais Toorak

For sale by International Expressions of Interest via Ross Savas, Jamie Mi and Oliver Booth of Kay & Burton.

New South Wales (NSW)Sydney

Featured Property

Brand new Drummoyne designer home with 180-degree water views

Four levels of designer family living overlooking Iron Cove and Rodd Island to the city Skyline. For sale by Chris Wilkins and Oliver Lavers of Ray White.

Queensland (Qld)Brisbane

Featured Property

Ultimate family lifestyle with American coastal style

Perfect for families, the features of this Bulimba home include a full floor playroom, gymnasium, home office, a media room with projector, and an outdoor entertainer’s pavilion complete with a kitchen and pool. For sale by Sarah Hackett of Place Bulimba.

Victoria (Vic.)Melbourne

People

Get to know Michael Paproth of The Agency

“Covid 19 has shown us that life is way too short to live in an area that isn’t perfect!”

Victoria (Vic.)

Featured Property

Designer Farmhouse by Flinders Village

Sold by Andrew Hines and Cass Hines of Kay & Burton, who told WILLIAMS MEDIA, “there is such a high demand for Flinders and always such a small amount of quality properties available.”

Queensland (Qld)Brisbane

Featured Property

Street record for ‘completely perfect’ Taringa home

Sold by Matt Lancashire and Patrick Goldsworthy of Ray White New Farm, who told WILLIAMS MEDIA,“It’s becoming harder and harder to find such a significant landholding that close to the CBD.”

National

Politics

Apprentices benefit from JobTrainer package says HIA

Graham Wolfe of the Housing Industry Association (HIA) welcomes the $2 billion JobTrainer package from the Federal Government.

Politics

Foreign Investment rules change for property investors

If you’re a foreign buyer looking to purchase a residential property in Australia, these are the changes you will need to know, according to Daniel Ward of Knight Frank.

National

The Economy

Clearance rates and auction volumes drop for June quarter: CoreLogic

The latest quarterly drop in auction results released by CoreLogic came as no surprise as the nation faced some of the greatest disruptions to usual business practices during this period.

Pages

News Roundup

http://www.smh.com.au/nsw/sydneys-ultra-rich-list-where-the-wealth-is-heading-20170412-gvjrm4.html?utm_source=twitter&utm_medium=social&utm_campaign=nc&eid=socialn%3Atwi-13omn1677-edtrl-other%3Annn-17/02/2014-edtrs_socialshare-all-nnn-nnn-vars-o%26sa%3DD%26usg%3DALhdy28zsr6qiq

Sydney's ultra rich list: where the wealth is heading

The Emerald City's elite are flocking to the east.

The Sydney Morning Herald

http://www.afr.com/real-estate/how-housebuilding-robots-are-demolishing-property-prices-but-creating-jobs-20170417-gvmjpr

How house-building robots demolishing property prices (but creating jobs)

At Blueprint Robotics in Baltimore in the US, robots build parts for houses on an assembly line, that are packed in boxes onto a truck, then delivered to a development site where they are put together.

The Australian Financial Review

https://www.theguardian.com/business/grogonomics/2017/apr/13/the-latest-tax-data-proves-it-negative-gearing-benefits-the-rich-the-most?CMP=share_btn_tw

The latest tax data proves it: negative gearing benefits the rich the most

The release of taxation statistics for 2014-15 reveals that the greatest share of the benefits of negative gearing goes to above average earners, and the biggest growth is to those owning multiple properties.

The Guardian

http://www.abc.net.au/news/2017-04-13/reserve-bank-financial-stability-review-april-2017/8442242

Reserve Bank warns one-third of Australian borrowers have little to no mortgage buffer

One-third of Australian borrowers have not built up a repayment buffer, or are less than one month ahead on their home loan repayments, leaving them exposed to an economic downturn or rise in interest rates.

ABC News

http://www.afr.com/real-estate/residential/prdnationwide-claims-disruptors-such-as-purplebricks-achieve-lower-prices-20170324-gv5m3o

PRDnationwide claims disruptors such as Purplebricks achieve lower prices

The knives are out for Purplebricks and other real estate disruptors eating into the diminishing earnings pie of traditional real estate agents.

The Australian Financial Review

http://www.afr.com/real-estate/residential/wolfdene-snaps-up-40m-melbourne-site-with-chinese-partner-20170413-gvkl6s?&utm_source=social&utm_medium=twitter&utm_campaign=nc&eid=socialn%3Atwi-14omn0055-optim-nnn%3Anonpaid-27062014-social_traffic-all-organicpost-nnn-afr-o&campaign_code=nocode&promote_channel=social_twitter

Wolfdene snaps up $40m Melbourne site with Chinese partner

The flow of offshore funds into Melbourne's outer suburbs is growing.

The Australian Financial Review

http://www.abc.net.au/news/2017-04-12/young-australians-better-off-renting-than-buying/8439396

Young Australians better off renting than buying, says economist

Young Australians would be better off renting than buying a property given record prices, says respected economist Chris Richardson.

The ABC

http://www.afr.com/news/malcolm-turnbull-all-but-rules-out-unlocking-super-for-housing-20170412-gvjlwl

Malcolm Turnbull all but rules out unlocking super for housing

Prime Minister Malcolm Turnbull, speaking to reporters in India, said he did not supportthe idea of allowing young Australians to use super to buy a house.

The Australian Financial Review