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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.

National

The Economy

New home sales bounce back during May - report

New data from the Housing Industry Association has shown a rise in new home sales for the month of May.

New South Wales (NSW)Sydney

Featured Property

Shelly Beach trophy residence overlooking Cabbage Tree Bay

Set among landscaped tropical gardens, this oceanfront residence cascades across three levels to a sunny terraced lawn and direct access to Shelly Beach. For sale by Michael Clarke and Cherie Humel of Clarke & Humel Property.

People

Better Homes and Gardens Real Estate opens new Sydney Central office

Better Homes and Gardens Real Estate has opened its Sydney CBD location following the successful grand opening of The Ponds on the 9th of May.

People

'Brand integrity is our destination': Ray White on a new mission

Ray White Group Managing Director Dan White has vowed to bolster the company's brand as part of a new strategy.

People

GBCA’s Tanya Cox re-elected Vice-Chair of World Green Building Council’s Board of Directors

Tanya Cox of the Green Building Council of Australia (GBCA) has been re-elected Vice Chair of the World Green Building Council’s (WorldGBC) Board of Directors.

New South Wales (NSW)

Featured Property

Lothlorien: Enchanting Southern Highlands estate

Enhanced by serene gardens, this Exeter residence offers exceptional scale, beauty and modern opulence. For sale by Anne Stone of McGrath Bowral.

National

The Economy

'Subtle' home value rises in major markets during June

CoreLogic's June Home Value Index results have shown growth in Sydney, Melbourne and Hobart.

National

The Economy

Sydney and Melbourne help capital clearance rate remain above 60 per cent

The combined capital city preliminary auction clearance rate has risen above 60 per cent for the third consecutive week, with Sydney and Melbourne both returning rates above 70 per cent for the week ending June 30.

People

Holt home takes out top honour at ACT Master Builders Awards

Classic Constructions and TT Architecture have been awarded the Home of the Year prize for Drake Brockman House at ACT Master Builders Building Excellence Awards on Friday night.

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