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Perth home values increase again in April - REIWA

April was another strong month for the Perth property market, with CoreLogic data showing the Perth home value index increased 1.1 per cent during the month.

The Economy

National Home Value Index Released - CoreLogic

CoreLogic’s Home Value Index continues to lose steam as the case for higher interest rates mount.

National

People

Propic acquires Property Realm to create world’s most intelligent AI platform in real estate

Australian real estate PropTech innovator, Propic, today announces its acquisition of Property Realm in a move it says will “unapologetically disrupt” the real estate industry by automating up to 80% of property manager’s maintenance tasks and inbound inquiries with human conversation-style Artificial intelligence (AI) capabilities.

National

The Economy

John McGrath – How to find the best investment property

John McGrath Chief Executive Officer of McGrath Estate Agents shares his tips on how to find the right investment property.

National

The Economy

REIA welcome opposition housing announcement to address housing crisis

Real Estate Institute of Australia (REIA) has welcomed the suite of housing policies announced today by the Leader of the Opposition and the Shadow Minister for Housing in their pitch to Australian households. REIA President, Mr Hayden Groves said they welcomed the ‘Help to Buy’ but also the ‘Help to Supply’ announcement.

Queensland (Qld)Gold Coast

Featured Property

Northcliffe absolute beachfront Gold Coast penthouse for sale - Amir Prestige Group

This Northcliffe Residences Surfers Paradise penthouse for sale by Veronika Princeton-Hall and Amir Mian Principal of Amir Prestige Group offers a bespoke, beachside luxury lifestyle, with private rooftop terrace.

Queensland (Qld)Brisbane

Featured Property

Palatial 1-hectare Robertson estate for sale - Place

The grand mansion in Robertson QLD for sale by Patrick McKinnon and Drew Davies of Place Ascot offers security, seclusion and a refined palate.

Victoria (Vic.)Melbourne

Corporate Furnishings creates interior styling with broad appeal

Kay & Burton Concierge partner, Corporate Furnishings delivers design solutions for a range of clients from executive and corporate leasing, to private residences, investment properties, serviced apartments, and hotels.

Queensland (Qld)Brisbane

Featured Property

Riverfront Kangaroo Point apartment for sale - Place

Watermark apartment with Brisbane River views 405 / 21 Pixley Street Kangaroo Point for sale by Sarah Hackett of Place New Farm offers 322sqm including 3 car spaces.

Queensland (Qld)Brisbane

Featured Property

Grand Colonial Ascot Queenslander for sale - Ray White New Farm

9 Sword Street Ascot for sale by Christine Rudolph of Ray White New Farm features private landscaped gardens and idyllic entertaining spaces.

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News Roundup

https://www.afr.com/news/world/europe/london-mandarin-oriental-hotel-fire-draws-120-firefighters-to-luxury-venue-20180606-h112hr

London Mandarin Oriental Hotel fire draws 120 firefighters to luxury venue

More than 100 firefighters have tackled a blaze at a luxury hotel in central London that produced thick black smoke visible for miles around and required people inside to evacuate the building.

The Australian Financial Review

https://www.brisbanetimes.com.au/national/queensland/council-has-grave-concerns-for-new-queen-s-wharf-pathway-20180605-p4zjmn.html

Council has 'grave concerns' for new Queen's Wharf pathway

Hundreds of cyclists and pedestrians will be forced to battle for space under a new bikeway design for the Bicentennial Bikeway within the Queen’s Wharf Brisbane development.

Brisbane Times

https://www.theage.com.au/business/banking-and-finance/fall-in-house-prices-is-quite-a-bit-larger-than-expected-says-anz-20180606-p4zjr9.html

Fall in house prices is 'quite a bit larger' than expected, says ANZ

ANZ Bank has warned the pace of decline in Australia's house prices is "quite a bit larger" than expected, and likely to last longer than it previously forecast.

The Age

https://www.canberratimes.com.au/politics/act/canberra-s-first-home-buyers-could-soon-broaden-their-horizons-20180606-p4zju7.html

Canberra's first home buyers could soon 'broaden their horizons'

Canberra's first home buyers could soon look to established suburbs to enter the property market, industry figures say, as the ACT Government moves to abolish stamp duty and the first home owners grant.

Canberra Times

https://www.afr.com/real-estate/harry-triguboff-pours-cold-water-on-buildtorent-tax-break-push-20180604-h10yoy

Harry Triguboff pours cold water on build-to-rent tax break push

Harry Triguboff, the country's biggest owner of rental apartments, said developers such as Lendlease, Mirvac and Stockland wanted a low-tax vehicle to invest in build-to-rent housing because they were trying to drum up capital at a time of harder access to funds.

The Australian Financial Review

https://www.smh.com.au/national/nsw/reopening-of-a-sydney-landmark-to-be-decided-in-court-20180602-p4zj2j.html

Reopening of a Sydney landmark to be decided in court

A stoush over a derelict motel on Sydney's northern beaches is heading to court, with some residents determined to stop the site’s owner from opening a restaurant and boutique hotel.

Sydney Morning Herald

https://www.canberratimes.com.au/politics/act/act-budget-stamp-duty-scrapped-for-first-home-buyers-from-next-july-20180604-p4zjbw.html

Here's how rates will change for every suburb in Canberra next year

About 48,000 houses and 39,000 units will see their general rates increase by $100-$150, while around 28,000 houses and 3200 units will have an increase of between $150-$200.

Canberra Times

https://www.watoday.com.au/business/banking-and-finance/desperate-people-do-desperate-things-loan-fraud-alleged-at-giant-20180605-p4zjm6.html

'Desperate people do desperate things': loan fraud alleged at giant

The crisis at Mortgage Choice is deepening with documents emerging that show almost half its brokers are considered "low performers" for failing to meet the loan giant's controversial sales targets.

WA Today