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RBA improves housing affordability - REIA

RBA’s decision to cut the official interest rate to a historical low of 0.10 per cent will improve housing affordability says the REIA.

Western Australia (WA)Perth

The Economy

Perth dwelling value increases 0.6 per cent in October - REIWA

Perth’s residential housing market has experienced growth in October, with CoreLogic’s Home Value Index increasing 0.6 per cent when compared to September.

Queensland (Qld)

People

Auction success for REAL Specialists as four out of five properties cleared

REAL Specialists has had a strong response to its auction night last Wednesday, with a clearance rate of 80 per cent recorded from the five properties on offer.

Victoria (Vic.)Melbourne

Design

Featured Property

Award-winning Melbourne property for sale - The Agency

A modern three-bedroom home with a range of sustainable features is for sale through Jesse Raeburn and Brendan Walker of The Agency.

National

The Economy

September housing finance reflects improving housing sentiment - REIA

September 2020 Lending to Households and Business figures released today by the ABS show that the value of new loan commitments for housing grew for the fourth second consecutive month, according to the REIA.

Victoria (Vic.)

People

'I recognised what it could do in the marketplace': Real Estate Geelong founder riding high with Openn

Real Estate Geelong founder Wes Thornton has fielded auction bids from across the country and the world since joining the Openn Negotiation platform 12 months ago.

National

The Economy

John McGrath – Has COVID-19 changed real estate forever & my suburb picks for 2021

John McGrath looks to the newly released McGrath Report 2021 and explores how COVID-19 has changed the real estate industry.

Queensland (Qld)Sunshine Coast

Featured Property

‘Stonelea’: grand Noosa Hinterland estate

The “no expense spared” property is for sale through Kate Cox and Tony Cox of Reed & Co Estate Agents.

Queensland (Qld)Brisbane

Featured Property

Award-winning Japanese-inspired riverfront sanctuary

Perfect for working from home, this property features a sizeable office and a sound-proofed music room that could double as a podcast studio. For sale by Sarah Hackett of Place Bulimba.

New South Wales (NSW)Sydney

Featured Property

Bespoke designer home encased in period façade

The architecturally redesigned terrace is footsteps from Oxford Street and Paddington Markets. For sale by Ben Collier and Davide Talone of The Agency.

Pages

News Roundup

https://www.mortgagebusiness.com.au/breaking-news/11244-offset-accounts-in-the-hands-of-the-wealthy?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin05_07_17&utm_medium=email&utm_content=1

‘Wealthy minority’: offset mortgages balance debt boom

Rich Australians with mortgage offset accounts are balancing out the nation’s record household debt levels, but poorer borrowers on interest-only mortgages are facing increasing risks, according to Morningstar.

Mortgage Business

https://www.domain.com.au/news/interest-rate-hikes-how-an-rba-increase-would-affect-your-mortgage-repayment-20170704-gx408i/

How an RBA increase would affect your mortgage repayment

For Australia’s indebted property owners, a rise in the case rate could mean paying hundreds of dollars more in repayments every month.

Domain

http://www.theaustralian.com.au/business/property/morrison-national-property-market-in-for-soft-landing-not-a-crash/news-story/3201d9085fee2ce1f77761a75749de54

Morrison: national property market in for soft landing, not a crash

Scott Morrison says the national housing market has “swung back in favour” of owner-occupiers, as new figures reveal the market is not headed for a crash.

The Australian

http://www.afr.com/real-estate/parramatta-penthouse-sells-for-record-3325-million-20170704-gx47ju?eid=Email%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06/09/2016-BeforeTheBell-dom-business-nnn-afr-u&et_cid=29085022&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/real-estate/parramatta-penthouse-sells-for-record-3325-million-20170704-gx47ju%3Feid%3DEmail%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06%252F09%252F2016-BeforeTheBell-dom-business-nnn-afr-u&Email_name=BTB-07-05&Day_Sent=05072017

Parramatta penthouse sells for record $3.3 million

A western Sydney businessman and his wife have snapped up a penthouse in Sydney's Parramatta for $3.325m, setting a record land rate of $17,500 a square metre, a level usually reserved for inner city properties.

The Australian Financial Review

http://thenewdaily.com.au/money/property/2017/07/04/rising-rates/?utm_source=Responsys&utm_medium=email&utm_campaign=20170705_TND

Banks do what RBA won’t: hike interest rates

The RBA held the cash rate at 1.5% for the tenth time on Tuesday; it hasn’t moved since a 25bp cut in August 2016. The gap between the RBA rate and the standard rate banks quote mortgage borrowers is the widest in 20 years.

The New Daily

http://www.theaustralian.com.au/business/property/chinese-developers-active-in-sydney-deals/news-story/818affb8f6cb7b863e5451ef5860cc65

Chinese developers active in Sydney deals

Chinese developers have been active in the Sydney property market with ASX-listed group Boyuan Holdings buying a pub in Penrith and Maville Group selling in Waterloo.

The Australian

http://www.afr.com/real-estate/residential/incentives-on-the-rise-in-fractured-apartment-market-20170703-gx3d09

Incentives on the rise in 'fractured' apartment market

Malaysian real estate giant Mulpha is offering a $80,000 furniture package to penthouse purchasers.

The Australian Financial Review

http://www.afr.com/personal-finance/westpac-rejigs-property-loans-to-attract-cashedup-buyers-20170703-gx4092

Westpac rejigs property loans to attract cashed-up buyers

Westpac has launched an aggressive push into the residential investment property market with a fixed rate offer below 4% as other lenders lift rates.

The Australian Financial Review