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A Dunn deal for McGrath

McGrath Estate Agents has announced that Nick Dunn will be re-joining the company, following several months at LJ Hooker Avnu.

New South Wales (NSW)Sydney

Featured Property

Classic European-style grandeur on five-acre estate featured on My Kitchen Rules

This is the ultimate lifestyle sanctuary, featuring a luxury homestead and private guest cottage with a timeless French provincial design and beautiful resort-style gardens. For sale by Darren Curtis of Ken Jacobs Christies International Double Bay.

National

The Economy

Infrastructure spend welcomed but property concerns remain following budget

The Federal Government's 2019 budget has been headlined by a $100 billion infrastructure spend across the next decade, but there remains uncertainty about the impact of a declining housing market.

Construction

Under instructions from the mortgagee - Seventeen allotments and two development sites available at Redbank Plains

Expressions of Interest are being sought for 17 completed residential allotments and two development sites at Berrigan Street, Redbank Plains through Ray White Special Projects.

National

The Economy

Rates expected to be cut in the second half of the year as RBA decides to hold

The Reserve Bank's decision to hold the nation's cash rate at 1.5% was anticipated by many, but experts believe cuts are on their way.

Queensland (Qld)Brisbane

Featured Property

Capri': Understated family luxury

Offering a selection of sophisticated living and entertaining spaces, championship size tennis court, lap pool, and manicured gardens, this Ascot home is for sale via Penny Halliwell of Ray White Ascot.

Queensland (Qld)Brisbane

Design

Incoming Brisbane Lord Mayor outlines $550 million green bridges project

Brisbane's new Lord Mayor Adrian Schrinner has announced a $550 million proposal for five new green bridges to be built across the city.

Queensland (Qld)Brisbane

Construction

Savvi technology for Brisbane apartments

Apartment technology is taken to the next level in Brisbane's Savvi development.

Victoria (Vic.)

Featured Property

Prime peninsula: Queenscliff beach home

This two level family home enjoys endless views across Port Philip Bay, Bass Straight, Point Lonsdale, Point Nepean and beyond. For sale by Felix Hakins and Peter Molloy of RT Edgar Bellarine Point Lonsdale.

National

People

No joke as Real Estate Institute of Western Australia trends in Japan

Less than a week after launching the 'What about WA?' campaign, the Real Estate Institute of Western Australia has gained attention from an unlikely source.

Pages

News Roundup

http://www.theaustralian.com.au/business/property/negative-gearing-changes-could-lead-to-recession-mark-steinhart/news-story/fc6876b2ee0b50993eb96e443f456517

Negative gearing changes could lead to recession: Mark Steinhart

Scaling back negative gearing could destabilise the economy, says Property Council of Australia president, Stockland chief executive Mark Steinert. The only way to lift affordability “in a way that doesn’t destabilise the economy in our view is through supply”.

The Australian

http://www.afr.com/real-estate/uptick-in-sydney-apartment-inquiries-after-rate-cut-20160505-gon3d5

Uptick in Sydney apartment inquiries after rate cut

Property agents in Sydney say they have fielded a surge in interest for apartments since the Reserve Bank of Australia cut the cash rate on Tuesday and most banks said they would cut mortgage rates.

The Australian Financial Review

http://www.domain.com.au/news/how-parents-can-help-their-children-buy-their-first-house-20160505-gomrnn/

How parents can help their children buy their first house

A growing number of parents are giving their children a leg up on the property ladder as house prices continue to rise across Australia.

Domain

http://www.mortgagebusiness.com.au/breaking-news/9748-analysis-the-aftermath-of-the-2016-budget

The aftermath of the 2016 budget

The 2016 federal budget is generally good news for business owners in the mortgage and real estate industries.

Mortgage Business

http://www.afr.com/real-estate/qic-buys-cattle-station-business-napco-in-deal-bigger-than-skidman--co-20160505-gomvh2

QIC buys cattle station business NAPCo in deal bigger than S.Kidman & Co

The $78 billion Queensland Investment Corporation, owned by the state government, has purchased an 80% stake in the cattle station operator North Australian Pastoral Company (NAPCo).

The Australian Financial Review

http://www.afr.com/real-estate/boral-chief-executive-mike-kane-dismisses-housing-crash-fears-20160505-gon1da

Boral chief executive Mike Kane dismisses housing crash fears

Boral chief executive Mike Kane has dismissed fears of a crash in Australia's residential housing market while warning productivity will be hit unless the industrial relations watchdog is reinstated.

The Australian Financial Review

http://www.theaustralian.com.au/budget-2016/budget-2016-trifecta-keeps-house-prices-safe/news-story/51872a962012f7519021010ceb907439

Trifecta keeps house prices safe

Price growth across Australia’s $6 trillion housing market will be stoked by the trifecta of this week’s interest rate cut and the budget double that left the negative gearing intact and super looking less favourable.

The Australian

http://www.domain.com.au/news/lj-hooker-franchise-collapse-what-happened-and-whats-next-20160504-goky6f/

LJ Hooker franchise collapse: what happened and what’s next?

Six Melbourne LJ Hooker offices suddenly collapsed in late April, with millions of dollars missing from a franchisee’s trust account.

Domain