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The Economy

John McGrath – What’s keeping property prices stable?

John McGrath, founder and executive director of McGrath Estate Agents highlights the pandemic property trends.

Victoria (Vic.)Melbourne

Featured Property

Renovated 1930s Toorak maisonette for sale - RT Edgar

1 Kyeamba Grove Toorak for sale by Jeremy Fox and Will Hocking of RT Edgar delivers private, light-filled living with stunning garden surrounds.

International

Featured Property

One of New Zealand's foremost hunting estates is on the market

Offered for the first time in 20 years, the internationally renowned high country hunting property Manuka Point for sale by Mike Freeman and Debbi Freeman of Ray White Next Step Realty.

New South Wales (NSW)Sydney

Featured Property

Cutting edge Woollahra residence on the market

Designed by architect John Grove, the family home offers sustainable style in a premier location. For sale by Ben Collier of The Agency.

Victoria (Vic.)Melbourne

People

Jolson Architecture and Interiors: curating carefully considered spaces

“The experience of a space is not limited to the form of a building or its exterior shape,” Jolson Director, Stephen Jolson.

Queensland (Qld)Brisbane

Featured Property

Raby Bay waterfront mansion sold for $8.5m

A landmark home in an equally distinguished location has been sold by Joseph Lordi and Pamela Neilson of McGrath.

Victoria (Vic.)Melbourne

Featured Property

Restored Bayside Victorian sold via virtual inspection

Offering multigenerational potential and panoramic water views, the Port Melbourne family home was sold by Melissa Grinter and Alex Schiavo of Kay & Burton.

Queensland (Qld)Brisbane

Featured Property

Newstead apartment snapped up for $4.4m after 1 inspection

Sold by Brett Greensill and Andrea Crossan of McGrath New Farm, who told WILLIAMS MEDIA, “We’ve had very strong interest in luxury riverfront apartments in 2020 with a very tightly held market.”

Victoria (Vic.)Melbourne

Featured Property

Prized Beaumaris home sold after inspection hours before Stage 4 lockdown

Sold by Tracy Tian Belcher and Sam Taylor of Kay & Burton, who told WILLIAMS MEDIA, "Buyers are still keen to purchase spacious, good quality homes."

Victoria (Vic.)Melbourne

Featured Property

Boutique 'Carter Toorak' garden apartment sold by Kay & Burton

Sold by Matt Davis, Gary Ormrod and Peter Kudelka of Kay & Burton, who told WILLIAMS MEDIA, “We are still seeing good enquiry and demand for high quality property such as this within the Stonnington suburbs.”

Pages

News Roundup

https://www.domain.com.au/news/andrews-government-urged-to-fund-heritage-protection-to-stop-mansion-demolition-20170603-gwgxqd/

Andrews government urged to fund heritage protection to stop mansion demolition

Communities are outraged by a string of high-profile mansion demolitions in Melbourne’s eastern suburbs.

Domain

http://www.afr.com/real-estate/new-home-sales-show-pickup-in-april-but-continue-yearly-decline-hia-20170602-gwjh0z

New home sales continue yearly decline: HIA

A pick-up in new home sales in April failed to halt a slowdown in the market, with total sales down 3.3% from a year earlier.

The Australian Financial Review

http://www.theaustralian.com.au/business/opinion/bernard-salt-demographer/brisbane-adelaide-perth-smaller-capitals-population-pause/news-story/aa313003e5637cefe2fa07c6cbed9a10

Brisbane, Adelaide, Perth: smaller capitals’ population pause

Together, Brisbane (population 2.3m), Perth (2.1m) and Adelaide (1.3m) comprise two-thirds of the Australian nation.

The Australian

https://www.mortgagebusiness.com.au/breaking-news/11147-two-loans-needed-under-new-home-lending-policy?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin01_06_17&utm_medium=email&utm_content=1

‘Two loans’ needed under new home lending policy

Borrowers with Teachers Mutual Bank, as of (30 May, borrowers will be limited to paying IO on just 50% of their borrowings, while the P&I proportion of their loan must cover at least half of their borrowings.

Mortgage Business

https://www.buildsydney.com/sydney-forecast-build-180000-houses-next-5-years/

Sydney Forecast to Build 180,000 Houses in Next 5 Years

Sydney will need around 725,000 additional homes over the next 20 years. Sydney’s population is projected to grow by around 1.74m by 2036.

Build Sydney

http://www.newyorker.com/books/second-read/a-gardening-book-for-those-who-hate-gardening-books?mbid=social_twitter

A gardening book for those who hate gardening books

For those of us with a small - or no - garden.

The New Yorker

http://www.afr.com/real-estate/foreign-investors-surging-as-proportion-of-property-buyers-20170530-gwgbym

Foreign investors surging as proportion of property buyers

The number of foreign investment groups active in the Australian commercial property market has jumped to 87 from just seven in 2006, according to a new analysis from JLL.

The Australian Financial Review

https://theconversation.com/the-government-should-pick-towns-not-industries-to-fund-78464

The government should pick towns, not industries, to fund

Rather than propping up failing industries, what if government instead provided incentives like tax breaks for expanding firms to locate in regional centres?

The Conversation