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Overall housing and rental affordability declines - REIA

Housing affordability improved in New South Wales and South Australia, remained steady in Western Australia and the Australian Capital Territory but declined in Victoria, Queensland, Tasmania and the Northern Territory, the latest Real Estate Institute of Australia’s Housing Affordability Report has found.

National

The Economy

Detached dwelling approvals break another record in April - HIA

“Detached building approvals reached a record level for the third consecutive month in April 2021,” stated HIA Economist, Angela Lillicrap.

New South Wales (NSW)

People

Pottsville home sells for $1.67m in Openn Negotiation

Raine & Horne Murwillumbah has set a new street record for a home in Pottsville NSW, using digital selling process, Openn Negotiation.

Western Australia (WA)

The Economy

Perth home values up 10 per cent in last 10 months - REIWA

The Perth residential sales market continued its growth trajectory for a tenth consecutive month in May, with the Core Logic Perth home value index increasing 1.1 per cent during the month.

New South Wales (NSW)

People

Get to know Marisol Moylan of REAL Specialists

Pottsville’s leading female real estate agent, Marisol Moylan moved to the area after selling land for Seabreeze Estate.

Queensland (Qld)

People

Stone Real Estate opens Queensland franchise at Logan

Stone Real Estate has today announced the opening of a new office in Logan Queensland one of Australias fastest growing cities. The office is opened by local agent Jason Savage who will be supported by Chris Roy as director of sales and Tara Platell, as director of property management.

National

People

If your a buyer today you need an auction strategy Joel Davoren RE/MAX

If you are a buyer today you need to feel very comfortable with auctions and have a clear strategy, Joel Davoren Managing Director RE/MAX Australia

New South Wales (NSW)

Under the hammer suburb record - McGrath Forestville

A four-bedroom Northern Beaches home sold for $3.51 million, a record price Forestville. Sold by McGrath Forestville agents Karen Terry and Stephen Bock.

New South Wales (NSW)

Featured Property

Dual living residence with Terranora Inlet views sold by REAL Specialists

The 5-bedroom home in Tweed Heads South was sold by Kasey Pereira of REAL Specialists.

National

The Economy

John McGrath – Regional areas outperform cities: The top 10 hotspots

One of the enduring legacies of COVID will be that it opened so many Australians’ eyes to the amazing lifestyle options available right here at home, according to John McGrath founder and executive director of McGrath Estate Agents.

Pages

News Roundup

http://www.dailytelegraph.com.au/business/house-prices-play-second-fiddle-to-units-in-almost-half-our-cities/news-story/db03cf766ad1ba2c6704a39036a50613

House prices play second fiddle to units in almost half our cities

Apartment and unit prices have grown more than house prices in the past 20 years in almost half of the nation’s capitals, News Corp analysis reveals.

The Daily Telegraph

http://www.theaustralian.com.au/business/property/capital-controls-hit-foreign-buyers-in-brisbane-says-ubs/news-story/c22be1691ffd12de9c3842302dfd8472

Capital controls hit foreign buyers in Brisbane, says UBS

The Brisbane apartment market is seeing one in five foreign buyers fail to settle due to tighter capital controls, according to investment bank UBS.

The Australian

http://www.afr.com/real-estate/commercial/development/hong-kongs-li-kashing-sells-skyscraper-for-world-record-68b-20171102-gzdz8r

A 73-storey Hong Kong tower has been sold for a world record price

Hong Kong's richest man Li Ka-shing has sold his skyscraper to CHMT Peaceful Development Asia Property for $HK40.2 billion ($6.8bn), the world's biggest ever single property sale.

The Australian Financial Review

https://www.domain.com.au/news/developer-who-knocked-down-heritage-facade-of-hensley-hall-in-potts-point-fined-6000-by-city-of-sydney-council-20171103-gzdont/

Developer who knocked down Potts Point heritage facade fined $6000 by City of Sydney Council

The developer who smashed down the protected heritage facade of a 1912 building in Potts Point has been fined $6000 by the City of Sydney Council as well as being ordered to rebuild the wall.

Domain

http://www.afr.com/real-estate/winning-awards-for-architecture-but-not-popularity-home-renovation-market-slows-20171103-gze3lq

Home renovation market slows

Official figures show Australia is losing its love for home renovations.

The Australian Financial Review

https://www.thenatureofcities.com/2017/04/30/re-wilding-cities-nature/?utm_content=buffer871ff&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Re-Wilding: Cities by Nature

The historic gardens of Western civilization typically include segments that were municipal areas, hunting grounds, or, on occasion, fragments of the region’s original forest.

The Nature of Cities

http://www.afr.com/real-estate/mortgage-stress-soars-to-record-highs-as-borrowers-struggle-with-jumbo-loans-20171101-gzd5so

Mortgage stress soars to record highs as borrowers struggle with jumbo loans

The number of Australian families facing mortgage distress has soared by nearly 20% in the past six months to more than 900,000.

The Australian Financial Review

http://www.sgsep.com.au/maps/thirdspace/?utm_medium=email&utm_campaign=When%20does%20your%20commute%20begin%20Visualising%20Opal%20data&utm_content=When%20does%20your%20commute%20begin%20Visualising%20Opal%20data%20CID_bde5c4dde890f59c8cc597e0f0e0b626&utm_source=Email%20marketing%20software&utm_term=Read%20the%20full%20article%20here#map12

Visualising Opal data

Transport NSW's recent release of Opal data can provide a better understanding of commuter patterns, infrastructure requirements, and public transport usage.

SGS Economics & Planning