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Tasmania Sotheby's International Realty announces partnership with Royal Yacht Club

Tasmania Sotheby's International Realty has signed on as a major partner for the Royal Yacht Club of Tasmania.

New South Wales (NSW)Sydney

People

Paddington terrace house sold for $1.075 million

An updated three-bedroom terrace in Paddington has sold at a rate of $21,000 per square metre through 1st City Real Estate.

Victoria (Vic.)Melbourne

Featured Property

Light filled Armadale town residence

Architect Nicholas Day has designed a warm, elegant town home close to shops, restaurants, parklands and transport. For sale by Jeremy Fox and Jack Edgar of RT Edgar Toorak.

Queensland (Qld)

Politics

Queensland Treasurer announces company land tax increase to cover 'Canberra cuts'

Queensland Treasurer Jackie Trad has announced a new land tax foreign surcharge of 2 per cent and an increase in land tax for companies and trusts as part of the 2019/2020 Queensland State Budget.

National

The Economy

Adelaide only capital city to experience house and other dwelling growth in March quarter - REIA

New research from the Real Estate Institute of Australia has revealed that Adelaide is the only capital city not to experience a decrease in median prices for houses and other dwellings in the March quarter.

Western Australia (WA)Perth

People

Sotheby's expands WA reach with Riverside location

Former aviation salesperson Meryl Carter is hoping to take Sotheby's to new heights in Western Australia as Director of its new Riverside location.

New South Wales (NSW)Sydney

Featured Property

North Shore period charm

Versatile and family-friendly, this updated residence on Sydney’s North Shore features sun-washed living spaces, gas-heated pool, and travertine paved entertainer's terrace. For sale by Lisa Davies and Geoff Dean of Belle Property Lindfield.

National

The Economy

Was there a shift in the Brisbane market last week?

An increase in Brisbane auction volumes across last week has been met with a reduced clearance rate across the city, suggesting vendors are confident in direction of the market.

National

People

Norris elected as new HIA President

Simon Norris is the newly elected National President of the Housing Industry Association.

National

People

Zero carbon focus for new Green Building Council CEO

Incoming Green Building Council of Australia CEO Davina Rooney has identified the decarbonisation of Australia's built environment as a top priority for the organisation going forward.

Pages

News Roundup

http://www.afr.com/real-estate/loss-makers-where-homes-and-apartments-lose-money-for-property-owners-20160628-gpu591

Where homes and apartments lose money for owners

The housing boom has delivered massive upside to some sellers but left others, those selling inner-city apartments in Melbourne, regional homes, or properties in Perth, with losses.

The Australian Financial Review

http://www.afr.com/real-estate/australians-buy-sterling-to-pick-up-cheaper-residential-property-postbrexit-20160627-gpssnk

Australians buy sterling to pick up cheap property post-Brexit

Australian investors are parking funds in the UK to snap up cheap property, speculating Brexit will drive down residential prices.

The Australian Financial Review

http://www.theaustralian.com.au/news/nation/subprime-lending-returns-to-fill-funding-gap/news-story/c1f12d6a95e461acb19ed4a7546e865d

Subprime lending returns to fill funding gap

Wealthy private investors are setting up funds to lend to foreign apartment buyers stranded by bank lending bans, creating a tier of subprime lending.

The Australian

http://www.domain.com.au/news/sydney-investors-favoured-interstate-property-play-turns-sour-20160615-gpk40a/

Sydney investors’ interstate property play may be turning sour

Almost one in four NSW investors have bought an investment property in Queensland, leaving them exposed to potential oversupply and price drops.

Domain

http://www.abc.net.au/news/2016-06-20/melburnians-hopping-on-board-free-overnight-public-transport/7525294

Overnight public transport numbers 'really strong' in Melbourne trial

The year-long trial of all-night public transport on weekends in Melbourne is "clearly working", the Government says.

ABC

http://www.theaustralian.com.au/business/property/home-prices-are-skyhigh-but-so-are-the-returns/news-story/8b0c260cac8f0e181b7740bee6dbd1f9

Home prices are sky-high, but so are the returns

Australian high-end homes rate among the best in the world for investment returns.

The Australian

http://www.afr.com/real-estate/residential/brexit-uk-property-values-likely-to-fall-but-they-will-recover-economists-say-20160626-gps3zl

Brexit: UK property values likely to fall, but will recover

Australian investors in UK residential property are likely to see prices fall in the short term. But lower interest rates and lower transaction volumes could underpin prices, says Knight Frank.

The Australian Financial Review

http://www.afr.com/real-estate/why-i-am-negative-on-labors-negative-gearing-20160623-gpqth6

Why I am negative on Labor's negative gearing

The negative gearing debate comes down to three arguments: impact, affordability and fairness.

The Australian Financial Review