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Buyers looking for bargains in country towns: ME Property Report

Young first home buyers look for COVID-19 bargains including in country towns, according to the latest ME Quarterly Property Sentiment Report.

International

Construction

Mandalika: The Indonesian myth soon to be a reality

Invest Islands co-founder Kevin Deisser talks to WILLIAMS MEDIA about what could be the Indonesian Government's most ambitious development to date.

Victoria (Vic.)Melbourne

Politics

Moving house in restricted areas in Victoria is permitted

The Victorian State Government has confirmed people are able to move house in and out of the restricted areas.

National

People

Real Estate Institutes honour property managers

'Unsung heroes' of the pandemic to be celebrated at National Property Managers Day, says REIA president Adrian Kelly.

National

Construction

Increase in new home sales in response to HomeBuilder

An increase in new home sales by 77.6 per cent in June, is a direct result of HomeBuilder, according to Tim Reardon, HIA.

National

People

$1 billion in property sales achieved by Openn Negotiation

Tech platform Openn Negotiation has reached a major milestone of $1 billion property sales through their online auction site.

New South Wales (NSW)

Featured Property

Coastal beach home with 180 degree views

This immaculate home with views from coastline to headland is for sale via Shaun Cardillo of REAL Specialists.

Queensland (Qld)Gold Coast

Featured Property

Full-floor Gold Coast skyhome delivers spectacular oceanfront views

Occupying the 14th floor of an exclusive residents-only building, this Coolangatta apartment overlooks world-class beaches. For sale by Wayne Bisgrove of REAL specialists.

National

The Economy

All eyes on Melbourne as auctions continue: Market Wrap

Victorian agents prepared to continue auctions and sales as the state goes back into lockdown, according to Ray White managing director Dan White.

National

The Economy

John McGrath – Bank loyalty tax & lower rates inspire refinancing

John McGrath, founder of McGrath Estate Agents outlines how to get a mortgage that best suits you.

Pages

News Roundup

http://www.theaustralian.com.au/business/wealth/crackdown-on-interestonly-loans-fuels-growing-worry-about-defaults/news-story/9baf249f3c91c96b4a2a134693a85eb4

Default fears on interest-only loans

A crackdown on interest-only loans across the housing industry is set to cause unprecedented problems for a new generation of residential property investors.

The Australian

http://www.theaustralian.com.au/business/property/property-developers-pull-back-on-apartment-projects/news-story/df37b5c23ab264e196527bbc8e6c0ae5

Property developers pull back on apartment projects

Property developers are shedding major apartment sites along the eastern seaboard as banks tighten lending to oversupplied areas.

The Australian

http://www.theaustralian.com.au/national-affairs/housing-affordability-a-multifaceted-issue-malcolm-turnbull-john-alexander-agree/news-story/97631c9ee8e0996454b6aba3db47a193

Housing affordability a multifaceted issue, Malcolm Turnbull, John Alexander agree

Malcolm Turnbull has been pushed about the government’s stagnant policy on housing tax concessions while with one of his backbench MPs who has advocated for changes.

The Australian

http://www.afr.com/real-estate/macroprudential-controls-will-flatten-prices-in-sydney-and-melbourne-20170405-gvdzzx

Macroprudential controls will flatten prices in Sydney, Melbourne

Increased macroprudential controls will see Sydney and Melbourne house prices flatten next year, and then have two years of 7% growth: Knight Frank.

The Australian Financial Review

http://www.smh.com.au/money/sorry-folks-this-aint-no-property-bubble-20170403-gvcmc0.html

Sorry folks, this ain't no property bubble

If it turns out that banks have been lending to people who really can't afford it, then we have a problem when interest rates start to rise.

The Sydney Morning Herald

http://www.smh.com.au/business/banking-and-finance/apra-crackdown-wont-slow-investors-analysts-say-20170404-gvd80x.html

APRA crackdown won't slow investors, analysts say

The latest attempts by the banking regulator to cool the housing market will not address financial stability concerns or slow investor lending, analysts say.

The Sydney Morning Herald

http://www.afr.com/news/economy/rbas-lowe-takes-aim-at-desperado-borrowers-20170404-gvdgdf

RBA's Lowe takes aim at desperado borrowers

RBA governor Philip Lowe has warned too many banks are giving loans to badly stretched borrowers, increasing the risk of a wave of defaults if even small shocks hit the economy.

The Australian Financial Review

http://www.afr.com/opinion/columnists/melbourne-holds-the-answer-to-the-housing-crisis-20170403-gvd0wv

Melbourne holds the answer to the housing crisis

In the market for Melbourne apartments, adequate supply has kept price gains relatively contained.

The Australian Financial Review