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Real estate stars shine in Victoria at REIV awards online

The 2020 REIV Awards for Excellence and Commercial & Industrial Marketing Awards were held online due to COVID-19 this year with innovation being a strong theme.

Tasmania (Tas.)

The Economy

Market activity returns to pre-COVID-19 levels in Tasmania: REIT

The REIT's September Quarterly Report shows market activity is on target to achieve a ninth successive record year.

New South Wales (NSW)

Featured Property

Rustic Country Charm and Refined Contemporary Style for sale: The Agency

This property offers the best of both worlds with all the charm of a country home and convenience of modern living, for sale through Ben Olofsen and Cameron McKillop of The Agency.

Western Australia (WA)Perth

The Economy

Perth hits rental crisis as vacancy rate plummets below one per cent - REIWA

REIWA President Damian Collins said the vacancy rate is tracking to potentially reach the lowest we have seen which was 0.8 per cent in March 2007.

National

The Economy

As state borders open we need to remain vigilant: REIA

While no incidences of COVID-19 have occurred in the real estate industry, REIA president Adrian Kelly states we need to continue safe practices.

Western Australia (WA)

Featured Property

Historic WA deceased estate hotel for sale through Ray White

Freehold interest on this 120 year old hotel and two retail shops for sale through Phil Zoiti of Ray White Commercial (WA).

Western Australia (WA)

Construction

Featured Property

Historic Pilbara town for sale - LJH

Western Australia’s Government seeking proposals for a deserted Pilbara township for sale by Vincent Siciliano and Anna Guillesser of LJ Hooker.

New South Wales (NSW)

Featured Property

Fine rural living in Berrima for sale: The Agency

Tucked away in the lush green landscape of Berrima, this home is for sale through Ben Olofsen and Cameron McKillop at The Agency.

National

The Economy

Melbourne records highest rental vacancy rate in September

During September the national rental vacancy rate across Australia was 2 per cent, according to SQM Research.

National

The Economy

Sales of new homes increase since same time last year

“The full impact of HomeBuilder is now evident in the HIA’s New Home Sales Report with sales now 11.8 per cent higher in the seven months since restrictions came into effect than at the same time last year,” commented HIA Chief Economist, Tim Reardon.

Pages

News Roundup

http://www.theage.com.au/business/aviation/backing-secured-for-major-airport-serving-melbournes-southeast-20170703-gx3efu.html

Backing secured for major airport serving Melbourne's south-east

A $7bm proposal to build a privately-owned international airport for Melbourne's south-east will be presented to the Victorian government next week.

The Age

http://www.news.com.au/finance/real-estate/renting/minister-admits-government-has-no-idea-how-many-homes-fitted-with-noncompliant-cladding-amid-messy-review/news-story/5921a224e9ccc420b5d9dcbea8d90ca8

Minister admits government has 'no idea’ how many homes fitted with non-compliant cladding

Timing on a nationwide audit is unclear.

news.com.au

http://www.cairnspost.com.au/realestate/cairns-homeowners-get-no-relief-after-insurance-council-meeting/news-story/667906b9238420ff0799b64d260a4624

Cairns homeowners get no relief after Insurance Council meeting

Cairns residents paid higher insurance premiums than other parts of the country due to the higher risk of cyclones and severe storms.

The Cairns Post

http://www.afr.com/business/banking-and-finance/interestonly-loan-switch-could-hit-households-for-10b-macquarie-20170703-gx3azh

Interest-only loan switch could hit households for $10b

The banks' move to push borrowers out of interest-only loans and towards principal and interest loans will eventually hit lending growth rates.

The Australian Financial Review

https://www.mortgagebusiness.com.au/breaking-news/11239-indigenous-home-ownership-rates-improving-but-still-low-census?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin03_07_17&utm_medium=email&utm_content=2

Indigenous home ownership rates improving but still low: Census

Data from the ABS shows growth in overall Indigenous home ownership from 36% in 2011 to 38% in 2016, but that number is still lower than the 65.5% home ownership rate for Australia in general.

Mortgage Business

http://www.theaustralian.com.au/business/property/tax-hikes-on-foreign-buyers-risk-killing-the-golden-goose/news-story/a663620395759ab1101dce7111d4817b

Tax hikes on foreign buyers risk ‘killing the golden goose’

Changes in government changes on foreign property investors risks “killing the golden goose”, says Victorian developer Tim Gurner, as Chinese sales and inquiries for local dwellings tumble.

The Australian

http://www.afr.com/business/media-and-marketing/publishing/fairfax-media-pressing-ahead-with-domain-spinoff-as-private-equity-bidders-move-on-20170702-gx2usm?eid=Email%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06/09/2016-BeforeTheBell-dom-business-nnn-afr-u&et_cid=29084680&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/business/media-and-marketing/publishing/fairfax-media-pressing-ahead-with-domain-spinoff-as-private-equity-bidders-move-on-20170702-gx2usm%3Feid%3DEmail%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06%252F09%252F2016-BeforeTheBell-dom-business-nnn-afr-u&Email_name=BTB-07-03&Day_Sent=03072017

Fairfax Media pressing ahead with Domain spin-off

Private equity bidders have moved on.

The Australian Financial Review

https://www.smartpropertyinvestment.com.au/spi-plus/latest-hotspots/16267-smart-property-investors-need-to-target-cinderella-suburbs-says-real-estate-ceo

Smart property investors need to target Perth “Cinderella” suburbs: real estate CEO

Travis Coleman, CEO of ACTON, says property buyers should be taking advantage of the upcoming upswing in the Perth property market, with coastal property offering prices under $350,000.

Smart Property Investment