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REIA to use proptech solutions to trial national real estate license exchange

The Real Estate Institute of Australia (REIA) has been awarded a coveted government innovation grant to develop a national real estate license exchange (Project RE-ID).

Victoria (Vic.)Melbourne

The Economy

REIV calls for game-changing reforms to deliver fairness and transparency

The Real Estate Institute of Victoria (REIV) is calling for full sales price disclosure, standardised residential sales contracts, identity verification of buyers and sellers and the same price estimation standards that apply to Estate Agents, to be enforced for all residential sales.

National

The Economy

66% of investment properties have this in common - BMT

A study conducted by Australia’s leading tax depreciation specialist, BMT Tax Depreciation has identified an important statistic: 66% of tax depreciation schedules completed in the last three years have undergone a renovation or an addition by the owner.

New South Wales (NSW)Sydney

People

First National Real Estate opens new office in Sydney’s Bella Vista

The new First National Bella Vista office represents an admirable success story for Tanmay Goswami, who started as a sales agent First National Westsyde in Pendle Hill just seven years ago.

National

The Economy

John McGrath – What we should do about housing affordability

John McGrath founder and executive director of McGrath Estate Agents says any assistance that can be provided to first home buyers to get themselves on the first rung of the property ladder should be considered.

Victoria (Vic.)Melbourne Brighton

Featured Property

Golden Mile Brighton Penthouse for sale - Kay & Burton

The Penthouse at 22A Glyndon Avenue Brighton for sale by Alex Schiavo and Tracy Tian Belcher of Kay & Burton delivers high-end appointments and a rooftop terrace with views to the bay and You Yangs.

Queensland (Qld)Brisbane

People

Get to know Sarah Hackett of Place New Farm

Known for her ability to maximise the perceived value of a property for her clients, Sarah Hackett is the #1 Female Agent in QLD 2022.

Queensland (Qld)Brisbane

Featured Property

Suburb record Greenslopes home sold for over $5 million – Place

158 Sackville Street Greenslopes sold by Sarah Hackett of Place New Farm prior to auction, setting a new suburb record.

Queensland (Qld)Gold Coast

Featured Property

Builder’s own home lakeside Pelican Waters for sale - The Agency

10 Tooringoor Close Pelican Waters for sale by Jemma Wilson of The Agency was designed by renowned master builder Terry Beavis, as his private waterfront residence.

New South Wales (NSW)

Featured Property

Southern Highlands acreage for sale with vineyard and cellar door - The Agency

135 Kells Creek Rd Woodlands for sale by Cameron McKillop and Ben Olofsen of The Agency is a lifestyle property with business and future potential.

Pages

News Roundup

http://www.afr.com/real-estate/low-earners-can-afford-just-28-of-private-rental-homes-anglicare-says-20180427-h0zd2u

Rental affordability worsens for low earners

Deteriorating affordability is a national productivity problem as well as an issue of equality.

The Australian Financial Review

http://www.afr.com/real-estate/tipalea-partners-to-build-90-million-office-project-in-alexandria-20180427-h0zcwd

Tipalea Partners to build $90m offices in Alexandria

Tipalea Partners will unveil a new $90 million office project at 29 Bourke Road in Alexandria.

The Australian Financial Review

https://www.theage.com.au/national/victoria/state-s-record-13-7-billion-building-blitz-20180429-p4zcbz.html

State's record $13.7 billion building blitz

The state government will spend $13.7 billion on roads, railways and other infrastructure around Victoria in just 12 months in an unprecedented election-year building blitz.

The Age

https://myaccount.news.com.au/sites/couriermail/subscribe.html?sourceCode=CMWEB_WRE170_a&mode=premium&dest=http%3A//www.couriermail.com.au/news/queensland/building-ministers-forum-agrees-to-queensland-proposal-to-clearly-mark-cladding-materials/news-story/219ee1aaffb571a7c5560a9adf121fd6&memtype=anonymous

Cladding hazard to last for decades

All building cladding products will have to be permanently labelled in future as authorities battle to counter potential fire hazards in the wake of the horror Grenfell fire tragedy.

The Courier Mail

https://www.smh.com.au/money/tax/sydney-s-richest-and-poorest-postcodes-barely-shifted-since-2004-20180426-p4zbts.html

Sydney's richest and poorest postcodes have barely changed since 2004

Seven of the country's top 10 postcodes for average taxable income, as well as the lowest income area, are in NSW.

Sydney Morning Herald

http://www.afr.com/real-estate/apartment-demand-still-good-as-crown-group-launches-its-1b-eastlakes-project-20180426-h0zaj6

Apartment demand still good, as Crown Group launches its $1b Eastlakes project

The expensive cost of production of housing in Sydney will continue to prop up high house prices, along with increased demand from local buyers, Crown Group chief executive Iwan Sunito says.

The Australian Financial Review

http://www.afr.com/real-estate/landlord-and-tenant-match-bids-in-data-centres-circus-20180426-h0z9kp

Landlord and tenant match bids in data centres circus

The landlord and tenant of the Asia Pacific Data Centre facilities have put up competing bids for control of the portfolio.

The Australian Financial Review

http://www.canberratimes.com.au/act-news/supermarket-50-apartments-proposed-in-giralang-shops-redevelopment-20180425-p4zboa.html

Supermarket, 50 apartments proposed in Giralang shops redevelopment

The developer of the derelict Giralang shops site has lodged plans for a new four-storey development that includes a 1000 square-metre supermarket and 50 residential apartments.

Canberra Times