The Real Estate Conversation

Contact

Sales continue to break records: Market Wrap

Plenty of interest is still being shown to properties, either at auction or being sold by private sale, according to agents from The Agency and McGrath.

National

John McGrath – Australia’s Top 50 Suburbs for Capital Growth

The top 50 suburbs for growth as listed by John McGrath, founder and executive director of McGrath Estate Agents.

New South Wales (NSW)

Featured Property

Ocean views from one of Kingscliff's best streets

Location is the key for this classic Kingscliff home for sale through Shaun Cardillo of REAL Specialists.

Victoria (Vic.)Melbourne

People

Get to know Kay & Burton Director Scott Patterson

“I have been pleasantly surprised to see continued interest in quality real estate both in the Melbourne Metropolitan area and the Mornington Peninsula.”

Queensland (Qld)Brisbane

People

Architect Harry Poulos: why doing a project is like a good marriage

From investigating hanging a retired helicopter from the ceiling at the RACQ Lifeflight HQ to welcoming pet pooches to client meetings, Brisbane architect Harry Poulos wants people to experience how design can positively impact their lives.

Victoria (Vic.)Melbourne

Featured Property

1880s Camberwell Victorian villa sold for more than $4.9m

Sold by Sam Wilkinson, Garrick Lim and Geoff Hall of Kay & Burton, who told WILLIAMS MEDIA “This sale was a great litmus test for the market.”

Queensland (Qld)Gold Coast

Featured Property

Tree-changers snap up tranquil hinterland property ‘Maia’

Sold by Ed Cherry of Sophie Carter Exclusive Properties, who told WILLIAMS MEDIA, “There was a lot of interest from people seeking a lifestyle acreage property.”

Victoria (Vic.)Melbourne

Featured Property

“Great result” for Glen Iris family home sold via Zoom auction

The picture-perfect Hamptons style home was sold by Andrew Smith and Celeste Wright of Kay & Burton.

New South Wales (NSW)

Featured Property

“Highest ever prices being achieved in prestige Northern NSW/Southern GC market”

Sophie Carter of Sophie Carter Exclusive Properties told WILLIAMS MEDIA “This section of the market is thriving at the moment.”

Queensland (Qld)Gold Coast

Featured Property

Large family home sold in Elanora, QLD: REAL Specialists

Plenty of interest in 38 Forest Drive, Elanora sold by Steve Rogers of REAL Specialists.

Pages

News Roundup

http://www.afr.com/real-estate/residential/vic/downsizers-pay-15m-in-cash-to-settle-toorak-apartments-20170511-gw2x15

Downsizes pay cash for apartments

Wealthy Melbourne downsizers are using the windfalls earned from selling their suburban homes to settle new apartment purchases with cash, highlighting the polarities in the market.

The Australian Financial Review

https://www.nytimes.com/2017/05/15/business/avocado-toast-millennials.html?_r=0

Fact-Checking a Mogul’s Claims About Avocado Toast, Millennials and Home Buying

Millennials have enough problems as it is. Must they give up their avocado toast, too?

The New York Times

http://www.smh.com.au/business/property/australian-property-cheap-for-chinese-buyers-credit-suisse-20170323-gv5ets.html

Chinese buyers to prop up Australian housing market: Credit Suisse

Foreign buyers are purchasing new housing in NSW and Victoria at a rate of $8 billion a year - or one in five new homes completed across the two states.

The Sydney Morning Herald

http://www.afr.com/real-estate/save-the-city-for-offices-melbournes-lord-mayor-20170515-gw5bkk

Save the city for offices: Melbourne's Lord Mayor

Residential towers are threatening to crowd out much-needed commercial development in the Melbourne CBD.

The Australian Financial Review

http://www.afr.com/real-estate/residential/torontos-redhot-housing-market-seen-stoked-by-new-rent-controls-20170515-gw5it0

Toronto's red-hot housing market seen stoked by new rent controls

Toronto's trying to make it more affordable to rent in one of the world's hottest housing markets. New measures may have the opposite effect.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/housing-demand-on-the-wane-as-supply-builds-corelogic-data-show/news-story/de08b4143650d5bb9e0bdbd9b21f3ee9

Housing demand on the wane as supply builds, CoreLogic

In Australia’s capital cities, 4.4 months’ worth of properties are for sale, more than has been at this time of year since 2012, says CoreLogic.

The Australian

http://www.afr.com/real-estate/residential/negative-gearing--scalpel-will-cool-apartment-demand-experts-20170512-gw3xb5?eid=Email%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06/09/2016-BeforeTheBell-dom-business-nnn-afr-u&et_cid=29077769&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/real-estate/residential/negative-gearing--scalpel-will-cool-apartment-demand-experts-20170512-gw3xb5%3Feid%3DEmail%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06%252F09%252F2016-BeforeTheBell-dom-business-nnn-afr-u&Email_name=BTB-05-15&Day_Sent=15052017

Negative gearing 'scalpel' will cool apartment demand

Owners of any property not bought brand new will no longer be able to depreciate items like air-conditioners, cooktops and dishwashers, a move that could lower prices for apartments on the secondary market.

The Australian Financial Review

http://thenewdaily.com.au/money/property/2017/05/12/underquoting/

Nobody in real estate thinks new laws will end underquoting

Underquoting looks set to continue despite moves in Victoria and New South Wales to clamp down on the practice.

The New Daily