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John McGrath – COVID-19 Turbocharges Australia’s International Appeal

A surge in expat enquiry throughout 2020, and likely well into 2021, appears to be offsetting the loss of demand from new migrants according to John McGrath, founder and executive director, McGrath Estate Agents.

New South Wales (NSW)Sydney

The Economy

REINSW: NSW Government 2020 Report Card

The REINSW has marked the NSW Government’s role in the property market in 2020 as a ‘fail’ but has identified five key ways it could perform to an A+ standard this year.

New South Wales (NSW)

The Economy

Coastal lots sell for record prices using Openn Negotiation

First National Yamba agents, Richard Hunt and Dave Grams brokered the deals using the online sales platform, Openn Negotiation.

National

The Economy

Rents recovering from COVID-19 impact - REIA

The December 2020 quarter CPI figures show that the rental market is recovering from the impact of the COVID pandemic, according to the Real Estate Institute of Australia.

Queensland (Qld)Brisbane

The Economy

Featured Property

Iconic Gatsby-Inspired Brisbane Home Leased in Record Time - Place

Place Estate Agents Ascots Business Development Manager Lucinda Owen has leased a well-known Hamilton home above asking price.

Queensland (Qld)Gold Coast

The Economy

Ray White Surfers Paradise Andrew Bell hails “the best ever” auction event in their 29 year history

Buoyed by the booming demand for Gold Coast property, Ray White Surfers Paradise Group has reported the most successful auction event in its 29-year history.

National

The Economy

John McGrath – Australia’s best performing suburbs in 2020

John McGrath, founder and executive director, McGrath Estate Agents takes a look at the suburbs that recorded the best capital growth in the East Coast capital cities and regions.

National New South Wales (NSW)

People

15 Leading Laing+Simmons members buy their Corporate entity

Laing+Simmons Corporation has been purchased by a partnership comprising members of the company’s head office team, including Managing Director Leanne Pilkington, and some of the network’s highest-profile and longest-serving principals, including D’Leanne Lewis, Ray Fayad and Nicholas Efrossynis, to name a few.

National

The Economy

Rental eviction moratoriums should be revisited by national cabinet - REIA

Real Estate Institute of Australia President, Adrian Kelly has said with rental evictions ending in some states and unemployment at 6.6% it is time for all the Covid-19 rental eviction moratoriums to be removed.

Victoria (Vic.)Melbourne

Featured Property

Designer Kew East residence offers parkside haven – Kay & Burton

Combining stunning aesthetics with form, function, and flexibility, this designer Melbourne home is for sale by Mark Sproule, Scott Patterson and Garrick Lim of Kay & Burton.

Pages

News Roundup

http://thenewdaily.com.au/money/property/2017/08/04/victims-property-market/?utm_source=Responsys&utm_medium=email&utm_campaign=%24campaign.name%24

The overlooked victims of Australia’s runaway property market

“Socially, you’re going to see a very big divide between the haves and the have nots,” says Greville Pabst, of WBP Property Group and judge on The Block.

The New Daily

http://www.propertywire.com/news/uk/housing-market-growth-slows-australia-influenced-higher-mortgage-rates/

Housing market growth slows in Australia, influenced by higher mortgage rates

The housing market in Australia is gradually responding to higher mortgage rates, tighter credit policies, and affordability challenges.

Property Wire

http://www.adelaidenow.com.au/news/south-australia/consumer-watchdog-targets-real-estate-agents-underquoting-house-prices/news-story/82dd0e38e5b06b7b17bc6976d74013ec

Consumer watchdog targets real estate agents underquoting house prices

A crackdown by the consumer watchdog on real estate agents who underprice homes has the backing of the Real Estate Institute of SA.

Adelaide Now

http://www.nationalgeographic.com/photography/proof/2017/07/hong-kong-living-trapped-lam-photos/#nws=mcnewsletter

Life Inside Hong Kong’s ‘Coffin Cubicles’

Pushed out by the sky-high prices of rent in glittering Hong Kong, these people get by in illegally subdivided apartments.

National Geographic

https://www.domain.com.au/news/vanishing-australian-backyards-leave-us-vulnerable-to-the-stresses-of-city-life-20170801-gxmph7/

Vanishing Australian backyards leave us vulnerable to the stresses of city life

The traditional Australian suburban backyard is being lost to higher-density housing and massive project homes on small lots.

Domain

https://www.mortgagebusiness.com.au/breaking-news/11343-1-3b-of-loans-reclassified-as-housing-credit-grows-6-6-per-cent?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin03_08_17&utm_medium=email&utm_content=3

Sydney mortgages require ‘two standard incomes’: HIA

Housing affordability levels in Sydney are “declining past a critical level”.

Mortgage Business

https://sourceable.net/is-australia-facing-a-household-energy-poverty-crisis/

Is Australia Facing a Household Energy Poverty Crisis?

Liberal MP and chairman of the Coalition’s energy and environment committee, Craig Kelly, has raised concerns that souring power prices will mean that many households are unable to heat their homes.

Sourceable

http://www.afr.com/business/banking-and-finance/financial-services/cba-print-main-20170803-gxopag

CBA faces multimillion-dollar penalties over money laundering

CBA is facing penalties and questions over the future of its senior executives, following allegations that it looked the other way as potentially illegal cash transactions were made using the bank's ATMs by criminals.

The Australian Financial Review