The Real Estate Conversation

Western Australia (WA)Perth

People

McGrath Appoints Non-Executive Director

Shane Smollen joins McGrath Estate Agents as non-executive director.

Rental properties being snapped up in WA

REIWA data shows that rental properties are leasing two weeks quicker in August, according to president Damian Collins.

Renters get a break shows latest REIA report

The REIA June Housing Affordability Report has good news for renters showing rental affordability is at its best since 2007, says president Adrian Kelly.

Queensland (Qld)Gold Coast

The Agency Group positive about increased returns

The company's model and a sustainable financial framework will continue to provide results, according to Paul Niardone, Managing Director of The Agency Group.

People

Josh Mana team join Queensland Sotheby's International Realty

Having worked with some of the largest real estate brands on the East Coast of Australia and learning from many of the country’s most esteemed agents, Josh Mana is ready to continue his high quality level of service to Queensland Sotheby's International Realty.

New South Wales (NSW)

Featured Property

REAL Specialists: Double dwelling at Fingal Head for sale

Expressions of Interest are sought for this substantial double dwelling in Fingal Head village through Mason Garten of REAL Specialists.

Buyers win with First Home Loan Scheme

The recent First Home Loan Deposit Scheme report shows more Australians have been able to buy into the market thanks to Government listening to industry, says REIA president Adrian Kelly.

Victoria (Vic.)

Extension of rent moratorium is hurting Victorian landlords

There is evidence landlords are being left behind and forgotten as Government gives financial support for people impacted by the economic downturn, according to REIV.

Record sales as luxury market heats up: Market wrap

Agents are finding consistent demand for luxury properties leading up to and during COVID-19, according to McGrath, Place and Sotheby's International Realty.

http://www.afr.com/real-estate/residential/vic/downsizers-pay-15m-in-cash-to-settle-toorak-apartments-20170511-gw2x15

John McGrath – Top performing regional areas

John McGrath, founder and executive director of McGrath Estate Agents lists the top performing regional areas on Australia's east coast.

Pages

News Roundup

Downsizes pay cash for apartments

Wealthy Melbourne downsizers are using the windfalls earned from selling their suburban homes to settle new apartment purchases with cash, highlighting the polarities in the market.

https://www.nytimes.com/2017/05/15/business/avocado-toast-millennials.html?_r=0

Fact-Checking a Mogul’s Claims About Avocado Toast, Millennials and Home Buying

Millennials have enough problems as it is. Must they give up their avocado toast, too?

The New York Times

http://www.smh.com.au/business/property/australian-property-cheap-for-chinese-buyers-credit-suisse-20170323-gv5ets.html

Chinese buyers to prop up Australian housing market: Credit Suisse

Foreign buyers are purchasing new housing in NSW and Victoria at a rate of $8 billion a year - or one in five new homes completed across the two states.

The Sydney Morning Herald

http://www.afr.com/real-estate/save-the-city-for-offices-melbournes-lord-mayor-20170515-gw5bkk

Save the city for offices: Melbourne's Lord Mayor

Residential towers are threatening to crowd out much-needed commercial development in the Melbourne CBD.

http://www.afr.com/real-estate/residential/torontos-redhot-housing-market-seen-stoked-by-new-rent-controls-20170515-gw5it0

Toronto's red-hot housing market seen stoked by new rent controls

Toronto's trying to make it more affordable to rent in one of the world's hottest housing markets. New measures may have the opposite effect.

http://www.theaustralian.com.au/business/property/housing-demand-on-the-wane-as-supply-builds-corelogic-data-show/news-story/de08b4143650d5bb9e0bdbd9b21f3ee9

Housing demand on the wane as supply builds, CoreLogic

In Australia’s capital cities, 4.4 months’ worth of properties are for sale, more than has been at this time of year since 2012, says CoreLogic.

The Australian

http://www.afr.com/real-estate/residential/negative-gearing--scalpel-will-cool-apartment-demand-experts-20170512-gw3xb5?eid=Email%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06/09/2016-BeforeTheBell-dom-business-nnn-afr-u&et_cid=29077769&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/real-estate/residential/negative-gearing--scalpel-will-cool-apartment-demand-experts-20170512-gw3xb5%3Feid%3DEmail%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06%252F09%252F2016-BeforeTheBell-dom-business-nnn-afr-u&Email_name=BTB-05-15&Day_Sent=15052017

Negative gearing 'scalpel' will cool apartment demand

Owners of any property not bought brand new will no longer be able to depreciate items like air-conditioners, cooktops and dishwashers, a move that could lower prices for apartments on the secondary market.