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John McGrath – Top performing regional areas

John McGrath, founder and executive director of McGrath Estate Agents lists the top performing regional areas on Australia's east coast.

New South Wales (NSW)Sydney

Featured Property

Stately and historic Woollahra residence on Queen Street

For sale by Ben Collier of The Agency, who told WILLIAMS MEDIA, this is "arguably one of the prettiest homes in one of the best locations."

Victoria (Vic.)Melbourne

People

Get to know Luke Saville of The Agency

“I’m fairly bullish about how the property market will rebound out of COVID, particularly in the short term.”

Victoria (Vic.)Melbourne Brighton

Featured Property

Architect’s own luxury Brighton home sold for around $4m

Sold by Tracy Tian Belcher and Alex Schiavo of Kay & Burton, who told WILLIAMS MEDIA, “There is a continued strong demand from the local market as well as increased activities from expats.”

Queensland (Qld)Brisbane

Featured Property

‘Ravensbourne’ tightly held 1,950sqm Windsor hilltop property for sale: Queensland Sotheby's International Realty

A significant and historic Brisbane landholding has come to market for the first time in 60 years through Tyson Clarke of Queensland Sotheby’s International Realty.

Queensland (Qld)

People

Ray White Queensland logs on to celebrate 2020 winners

More than 1200 Ray White Queensland members logged online for this year’s annual awards which looked a little different this year.

National

Politics

First home buyers get support from peak real estate body

"We seek expansion of the First Home Loan Deposit Scheme to include all first home buyers" said REIA's president Adrian Kelly.

New South Wales (NSW)

People

Ray White heads west to the village of Kyogle

The team at Ray White Rural in Casino, headed by Andrew Summerville, has now expanded to open a second business in nearby Kyogle.

Victoria (Vic.)

The Economy

The reason why auction data is so important

Gil King, CEO of REIV explains the necessity of auctions.

Victoria (Vic.)

People

Election of REIV directors for 2020

Members of the REIV have chosen new Directors to serve on the Board from 1 October 2020.

Pages

News Roundup

http://www.afr.com/real-estate/this-sydney-car-space-is-on-sale-for-400000-is-it-australias-most-expensive-20170521-gw9y25

This Sydney car space is on sale for $400,000.

The tandem spot, part of the Mantra 2 Bond Street complex, is just a short stroll from the ASX, The Rocks, and the Sydney Opera House.

The Australian Financial Review

http://www.afr.com/business/banking-and-finance/interestonly-loans-could-be-australias-subprime-20170519-gw939m

Interest-only loans could be 'Australia's sub-prime'

High-risk mortgage loans to young families, professionals, and other over-extended borrowers amounting to more than six times household incomes could wipe out 20% per cent of the major banks' equity base, institutional investment fund JCP Investment Partners has warned.

The Australian Financial Review

http://www.smh.com.au/business/property/us-hedge-fund-financing-australian-apartment-building-20170515-gw5cvg.html

US hedge fund financing Australian apartment building

Family-run property developer Salta Group tapped into US hedge fund money in "one line" to build its recent Park House project.

The Sydney Morning Herald

http://www.afr.com/real-estate/residential/landlords-face-loss-of-950-a-year-in-deductions-on-typical-renovation-20170518-gw7jod?et_cid=29078562&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/real-estate/residential/landlords-face-loss-of-950-a-year-in-deductions-on-typical-renovation-20170518-gw7jod&Email_name=MW5-05-19&Day_Sent=19052017

Landlords face loss of $950 a year in deductions on typical renovation

The ATO is claiming landlords have inflated deductions as much as 1000 per cent.

The Australian Financial Review

https://www.domain.com.au/news/why-young-sydneysiders-are-starting-businesses-rather-than-trying-to-buy-homes-20170520-gw8pso/

Why young Sydneysiders are starting businesses rather than trying to buy homes

A growing number of millennials have turned to entrepreneurship in a shaky job market, but against the backdrop of rocketing house prices, many see business and property as a fork in the financial road.

Domain

http://www.afr.com/real-estate/gst-on-new-housing-changes-put-tax-office-first-in-line-if-developer-fails-20170512-gw38t0

GST on new housing: Changes put ATO first in line if developer fails

Changes to the way GST must be paid on new housing from July 1 next year means the ATO will rank above all other creditors if the developer runs into financial trouble.

The Australian Financial Review

http://www.economist.com/news/americas/21722249-american-protectionism-not-only-threat-economy-end-canadas-housing-boom?fsrc=scn/tw/te/bl/ed/bubblebaththeendofcanadashousingboom

The end of Canada’s housing boom?

“It’s time to remind folks that prices of houses can go down as well as up,” says Stephen Poloz, the governor of the Bank of Canada.

The Economist

http://www.afr.com/business/banking-and-finance/investment-banking/retirees-are-riskier-investors-than-millennials-says-asx-report-20170518-gw7uov

Retirees are riskier investors than millennials, says ASX report

Millennials aren't just eating smashed avo and not saving for homes, they're getting into the sharemarket in greater numbers and are more risk averse than their parents and grandparents.

The Australian Financial Review