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Sydney auction market bucking the trend

Preliminary auction clearance rates in Sydney nudged higher, as vendors adjusted their expectations to meet lower prices from savvy buyers.

New South Wales (NSW)

People

Entries open for novice auctioneering competition

Registrations are now open for the 2019 Real Estate Institute of New South Wales (REINSW) Novice Auctioneers Competition, with this year's proceeds going towards Domestic Violence NSW.

Western Australia (WA)Perth

The Economy

First home buyers on the move in Perth

Forty-nine per cent of sales were under $500,000 in February, indicating first home buyers are on the move.

New South Wales (NSW)Sydney

Featured Property

Executive oasis overlooking Sydney Harbour

This Rose Bay residence enjoys movie star details including indoor pool, infra-red sauna, gym, wet bar and ultra-luxe cinema room. For sale by Daniel Baran of Stone Double Bay and Alison Coopes of Agency by Alison Coopes.

National

The Economy

Half a dozen of Australia's best vineyard estates

Whether you're a wine connoisseur or can't pick your Pinot Gris from your Pinot Noir, we have selected some of the best vineyard estates in Australia as featured on Luxury List.

National

People

Get to know architect Bayden Goddard

Renowned architect Bayden Goddard is the man at the helm of progressive design-based practice Bayden Goddard Design Architects.

New South Wales (NSW)Sydney

Featured Property

Three levels of curated living above Balmoral Beach

Framed by private sculpture gardens and outdoor water features, this world class home defines 21st century living. For sale by Deborah Cullen and Richard Sholl of Knight Frank Sydney and Brendan Warner of Raine & Horne Mosman.

National

The Economy

Pipeline of home building shrinking at a "concerning rate"

If the leading dwelling construction indicators don't improve in the first half of this year, the pipeline of building work will be "exhausted at a concerning rate", according to the Housing Industry Association's (HIA) latest report.

New South Wales (NSW)

People

Annual real estate conference championing change in the industry

The Real Estate Institute of New South Wales (REINSW) annual Women in Real Estate (WIRE) conference is set to return, marking its 13th year.

New South Wales (NSW)Queensland (Qld)

People

McGrath rolls out Uber-style app for property management

McGrath Property Management has announced it will deploy i4Tradies, a cloud-based “Uber-style” maintenance management platform, across its company-owned office network in New South Wales and Queensland.

Pages

News Roundup

http://www.domain.com.au/news/rental-risks-should-landlords-automatically-accept-a-tenants-pets-20160407-gnzxwu/

Rental risks: Should landlords automatically accept a tenant’s pets?

Renting your home to strangers can sometimes seem like a risky business. What happens when you throw pets into the mix?

Domain

http://www.afr.com/real-estate/cranes-spread-across-city-skylines-as-construction-activity-surges-rlb-says-20160405-gnz443

Cranes spread across city skylines as construction activity surges, RLB says

The number of cranes in Australian cities jumped 20% at the end of March as residential construction activity boomed across the eastern seaboard. Sydney alone accounted for two-thirds of the 114 new cranes.

The Australian Financial Review

http://www.afr.com/real-estate/commercial/hotels-and-leisure/the-airbnb-effect-accor-pays-219m-for-luxury-serviced-home-startup-onefinestay-20160406-gnzeuy

The Airbnb effect: Accor pays $222m for luxury serviced home start-up Onefinestay

Accor, Europe's biggest hotel operator, has agreed to buy Onefinestay, a London-based start-up that provides high-end homes for rent Airbnb-style combined with hotel-like services.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/paul-craig-outlines-plans-to-expands-savills-presence/news-story/c1583544f0f58ac130a1b582caa79e87

Paul Craig outlines plans to expands Savills’ presence

Savills new chief executive of Australia & New Zealand, Paul Craig, has outlined ambitions to grow the agency’s local presence, including expanding into new business lines and growing its capital markets business.

The Australian

http://www.wsj.com/articles/real-estate-runs-in-the-family-1459432408

Real estate runs in the family

Residential real-estate has long been a family business, allowing younger brokers to piggyback on their parents’ reputation and begin their careers with a built-in clientele.

The Wall Street Journal

http://www.theaustralian.com.au/business/opinion/bernard-salt-demographer/melbourne-victory-on-western-front-keeps-australian-dream-alive/news-story/8391b190cc911289f7fb8811e3be58a3

Melbourne victory on western front keeps Australian dream alive

Melbourne can deliver something that Sydney can not: affordability and accessibility.

The Australian

http://www.afr.com/real-estate/what-a-broad-land-tax-would-cost-you-20160405-gnyold

What a broad land tax would cost you

Homeowners in Sydney's Bankstown might be surprised to find that a new land tax proposal, to be levied on every homeowner as an alternative to stamp duty, might cost about $3750 every year.

The Australian Financial Review

http://www.newyorker.com/culture/culture-desk/postscript-zaha-hadid-1950-2016

Postscript: Zaha Hadid, 1950-2016

Hadid was a woman who had dared to enter a man’s world, and took no rubbish from anybody, though plenty was offered.

The New Yorker