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The 2019 REINSW Awards for Excellence finalists revealed

The Real Estate Institute of New South Wales (REINSW) has announced the finalists for its annual Awards for Excellence, which will be held at The Star Event Centre on Thursday, 19 September 2019.

Queensland (Qld)

The Economy

Price growth in south-east Queensland land market

Despite a slowdown in vacant land sales volume for the 2018 calendar year, the weighted average price for vacant land improved 5.13 per cent from the corresponding 2017 calendar year, according to Ray White's SEQ Vacant Land report.

National New South Wales (NSW)Queensland (Qld)Tasmania (Tas.)Victoria (Vic.)

The Economy

State governments too dependent on stamp duty revenues, says report

Victoria has the highest dependency on stamp duty revenues closely followed by New South Wales, according to the latest Housing Industry Association Stamp Duty Watch report.

New South Wales (NSW)

Featured Property

Salt Village beachfront residence

Featuring a stunning architectural design by Virginia Kerridge, this masterbuilt home overlooks unspoilt Kingscliff Beach, in Northern New South Wales. For sale by Nick Witheriff and Carol Witheriff of LJ Hooker Kingscliff and Bruce Williams of Ray Real Estate.

People

Purplebricks to leave US market

Purplebricks has announced its exit from another international market, confirming it will leave the US by the end of the year.

The Economy

Survey shows property confidence increase after year of decline

The latest ANZ/Property Council Survey for the September 2019 quarter shows that industry confidence has picked up by 13 index points, reversing a year of decline.

People

Nonda Katsalidis receives Enduring Architecture Award by the Australian Institute of Architects

Nonda Katsalidis, founding partner at Fender Katsalidis, has been recognised by the Australian Institute of Architects' Victorian Chapter for his contribution to the field and city of Melbourne.

Victoria (Vic.)Melbourne

Featured Property

Irwell: Elegance, grace and substantial space

Situated amid park-like gardens on a prized Studley Park avenue, this stately home offers classic character across 2 luxuriously large levels. For sale by Robert Fletcher and Robyn Feigen of Kay & Burton.

The Economy

Potentially more risk from not acting in today's market following RBA cut - Ray White Chairman Brian White

Ray White Chairman Brian White has joined REIA President Adrian Kelly in welcoming Tuesday's RBA cut, and while the decision was well received, Finsure Managing Director John Kolenda believes the lending market remains the overriding issue.

National

The Economy

Rental report shows growth in Perth and Brisbane

The CoreLogic Quarterly Rental Review shows national weekly rents increased by 0.3 per cent over the second quarter of 2019, led by increases in the Brisbane and Perth markets.

Pages

News Roundup

http://www.afr.com/real-estate#ixzz4ELM4wzS6

Scentre wants partner on Sydney DJs purchase

Shopping mall company seeks joint venture party for purchase of iconic Sydney department store building.

The Australian Financial Review

http://www.cnet.com/news/google-and-linkedin-swap-real-estate-in-grand-bargain-deal/

Google and LinkedIn swap real estate in 'grand bargain' deal

As part of the deal, LinkedIn gets two large Google properties in Mountain View, and one in Sunnyvale, as part of an effort to consolidate its Silicon Valley staff in Sunnyvale.

CNET

http://www.theaustralian.com.au/business/property/john-mcgrath-to-lead-real-estate-firm-alongside-coceo-cameron-judson/news-story/9f13d8d550cce232c43ab41e4fc88e83

John McGrath to lead real estate firm alongside co-CEO Cameron Judson

Real estate group McGrath Limited has announced the appointment of a co-chief executive to join founder John McGrath, just eight months after it hit ASX boards with a whimper. The firm said former Chandler Macleod chief executive Cameron Judson would lead the group alongside Mr McGrath to allow the founder to redirect his attentions at the company (MEA).

The Australian

https://next.ft.com/content/5a882f00-47ff-11e6-8d68-72e9211e86ab

Strong performance of real estate suggests top for the sector

Real estate is in the news, and not just because of a flamboyant property developer who might just be the next president of the US. In the last week, the problems for open-ended UK property funds, which had to halt redemptions as investors worried about Brexit, have raised the issue of how best to invest in what must remain essentially a deeply illiquid investment.

Financial Times

http://www.smh.com.au/business/markets/property-not-sovereign-rating-biggest-threat-to-australian-banks-20160712-gq3y3h.html

Property, not sovereign rating, biggest threat to Australian banks

The biggest foreign funding risk to Australian banks is their overexposure to property, not the possibility of a sovereign downgrade by the credit rating agencies, says the head of fixed income at asset managers AB.

The Sydney Morning Herald

http://www.domain.com.au/news/pokemon-go-real-estate-ads-listed-as-pokemon-hot-spots-20160711-gq3m7j/

Pokemon Go: Real estate ads listed as Pokemon hot spots

“Pokestops” and “Pokemon gyms” started popping up on house-sharing websites just days after the augmented-reality game exploded into Australia. Now real estate listings with Poke-incentives can be found all across the country.

Domain

http://www.afr.com/real-estate#ixzz4EFbBapuO

Developer still keen for Celtic Club

Malaysian-backed developer Beulah is keen to acquire the Celtic Club premises in Melbourne despite rejection.

The Australian Financial Review

http://www.macrobusiness.com.au/2016/07/rich-new-york-property-hits-chinese-brick-wall/

Luxury New York property hits Chinese brick wall

New York City’s ultraluxury real estate frenzy — with its sky-piercing condominium towers and $100 million price tags — has finally come to an end.

Macro Business