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National

The Economy

Preliminary auction clearance rate at 48 per cent

The pre-Easter weekend saw a much lower expectation of properties sold at auction.

The Economy

REIQ Urgently call on State Government to protect QLD property market.

The Real Estate Institute of Queensland (REIQ) is seeking urgent action from the Queensland State Government to assist in maintaining the stability of the Queensland property market in the face of the economic impacts of the coronavirus (COVID-19) pandemic.

Queensland (Qld)Gold Coast

People

Get to know Michael Kollosche of Kollosche

“There will be a lot of opportunities that will come from the changing landscape.”

Queensland (Qld)Sunshine Coast

Featured Property

Rainforest riverfront residence on Noosa Sound sold for $10m

Sold by Lauren Chen and Luke Chen of Tom Offermann Real Estate, the team's second sale in sought-after Witta Circle this year.

Queensland (Qld)Brisbane

Featured Property

Two luxury riverside homes at 160 Oxlade sold on one day

Sold by Hamish Bowman and Tom Lyne of Ray White New Farm, who told WILLIAMS MEDIA “We don't need to sell New Farm and Teneriffe. We get buyers from Dubai, Hong Kong, Melbourne and Sydney, for example where the buyers say, ‘I've heard so much about these 2 suburbs, show me more.’”

National

The Economy

Labor meets resistance from REIA after negative comments

A letter from ASIC outlining the role of a real estate agent in regards to financial advice has seen Federal opposition leader Anthony Albanese and REIA president Adrian Kelly at loggerheads.

National

The Economy

3,051 auctions listed for this weekend

Auctions are expected to see volumes continue to either be withdrawn or revert to private treaty sales until conditions improve, according to CoreLogic

National

The Economy

More information needed for tenants and landlords

The residential property industry calls for more information for tenants and landlords impacted by COVID-19 to allay growing concerns: Rental Management Australia

National

The Economy

You can still get that real estate job

Jessica Mayes of Iconic Recruit outlines the best way to land that job with an online interview.

National

Politics

REIA reiterates Minister's words: Moratorium on rents is not a free ride

The Minister for Housing has confirmed in a recent interview that people are meant to pay their rents, says REIA president Adrian Kelly.

Pages

News Roundup

http://www.smh.com.au/business/federal-budget/treasury-says-tax-expenditures-cost-150-billion-20170130-gu1qoe.html

Treasury says tax expenditures cost $150 billion

The capital gains tax exemption on family homes cost the budget a record $61.5 billion in 2016-17, more than the $33 billion lost to superannuation tax concessions.

The Sydney Morning Herald

http://www.abc.net.au/news/2017-02-01/home-prices-keep-rising-in-january-corelogic/8228642

Affordability expected to worsen despite property slowdown later this year: CBA

It may become even harder to get into the housing market if the Federal Government doesn't change tax policies to reduce investor demand, say economists at Australia's biggest mortgage lender, CBA.

The ABC

http://www.afr.com/real-estate/westpac-closes-home-loan-loophole-20170130-gu1npg

Westpac closes home loan loophole

Westpac is closing a loophole to stop property buyers using a combination of personal loans and mortgages to fund deposits, or to top-up shortfalls if properties are revalued at less than the purchase price.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/auction-action-brings-house-down/news-story/b06c682aac96f83f9743726668ec51fa

Auction action brings house down

More than $40m changed hands at a Gold Coast auction event on Sunday.

The Australian

http://www.afr.com/business/retail/appliances/the-30000-fridge-becomes-a-must-have-in-real-estate-boom-20170131-gu2par?et_cid=29063922&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/business/retail/appliances/the-30000-fridge-becomes-a-must-have-in-real-estate-boom-20170131-gu2par&Email_name=MW5-02-01&Day_Sent=01022017

$30,000 fridge from Winning Appliances becomes a must-have in real estate boom

High-end fridges are viewed as a "must-have" by homeowners and renovators in wealthy suburbs.

The Australian Financial Review

https://www.domain.com.au/news/nsw-investors-back-at-record-highs/

NSW investors back at record highs

Residential investor activity in NSW is surging towards record highs.

Domain

https://www.domain.com.au/news/the-agency-arrives-in-sydney-with-the-aim-of-disrupting-real-estate-giants-20170130-gu1o6w/

The Agency arrives in Sydney with the aim of disrupting real estate giants

A new player will enter Sydney’s crowded real estate market on Wednesday with hopes to take market share from industry giants and upset the long-established franchise model.

Domain

http://www.afr.com/real-estate/roy-morgan-finds-7-per-cent-of-mortgage-holders-have-equity-risk-20170131-gu20vx

Roy Morgan finds 7% of mortgage holders have equity risk

About 7% of Australian mortgage holders have little or no real equity in their homes, says report.

The Australian