The Real Estate Conversation

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Pandemic impacts not as dramatic as predicted: REIA

The quarterly Real Estate Market Facts report from the REIA is not all doom and gloom, says REIA president Adrian Kelly.

People

Getting to know Johnny Ho of The Agency

Property management is all Johnny Ho of The Agency has known in his professional life.

National

The Economy

Housing Finance for July still on a roller-coaster ride: REIA

The latest ABS report shows historic falls in the value of home loans in May is followed by historical growth for the second month in a row, according to Adrian Kelly, president, REIA.

Western Australia (WA)

People

Strategic partnership formed as part of $3.6M The Agency West Coast rent roll sale

A reciprocal referral agreement between The Agency (West Coast) and Managex Funds Management will provide a platform of growth.

Victoria (Vic.)Melbourne Brighton

Design

The Agency ready to partner with The Block couple

This year on The Block, The Agency has its secret weapon, 2019’s on-site tradie, agent and contestant – Jesse Raeburn.

Queensland (Qld)Brisbane

The Economy

Off market sale over two blocks: Place Estate Agents

Heath Williams of Place Estate Agents managed to skillfully match up both buyer and seller to achieve an outstanding sale.

Australian Capital Territory (ACT)

Politics

Concerns for tenants and landlords over emergency amendments: REIACT

Changes announced by the ACT Government to the residential emergency declaration has real estate body REIACT concerned.

Queensland (Qld)

The Economy

Ascot property bought sight unseen: Place Estate Agents

The Gables of Ascot has sold through agent Drew Davies of Place Estate Agents, to Sydney buyers who were unable to inspect the property before buying.

Victoria (Vic.)

Politics

Victoria's real estate industry call for review of government decision

The Real Estate Institute of Victoria (REIV),The Agency and Ray White Group have called for a review of the roadmap announced by the Andrews government, as customers suffer.

Tasmania (Tas.)

Featured Property

Amanzi by the Sea: Flinders Island escape - Elders

Everywhere on Flinders Island is a postcard moment. For sale by Michelle Hirchfield and Nick Myer of Elders Real Estate Tasmania.

Pages

News Roundup

http://www.afr.com/real-estate/this-sydney-car-space-is-on-sale-for-400000-is-it-australias-most-expensive-20170521-gw9y25

This Sydney car space is on sale for $400,000.

The tandem spot, part of the Mantra 2 Bond Street complex, is just a short stroll from the ASX, The Rocks, and the Sydney Opera House.

The Australian Financial Review

http://www.afr.com/business/banking-and-finance/interestonly-loans-could-be-australias-subprime-20170519-gw939m

Interest-only loans could be 'Australia's sub-prime'

High-risk mortgage loans to young families, professionals, and other over-extended borrowers amounting to more than six times household incomes could wipe out 20% per cent of the major banks' equity base, institutional investment fund JCP Investment Partners has warned.

The Australian Financial Review

http://www.smh.com.au/business/property/us-hedge-fund-financing-australian-apartment-building-20170515-gw5cvg.html

US hedge fund financing Australian apartment building

Family-run property developer Salta Group tapped into US hedge fund money in "one line" to build its recent Park House project.

The Sydney Morning Herald

http://www.afr.com/real-estate/residential/landlords-face-loss-of-950-a-year-in-deductions-on-typical-renovation-20170518-gw7jod?et_cid=29078562&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/real-estate/residential/landlords-face-loss-of-950-a-year-in-deductions-on-typical-renovation-20170518-gw7jod&Email_name=MW5-05-19&Day_Sent=19052017

Landlords face loss of $950 a year in deductions on typical renovation

The ATO is claiming landlords have inflated deductions as much as 1000 per cent.

The Australian Financial Review

https://www.domain.com.au/news/why-young-sydneysiders-are-starting-businesses-rather-than-trying-to-buy-homes-20170520-gw8pso/

Why young Sydneysiders are starting businesses rather than trying to buy homes

A growing number of millennials have turned to entrepreneurship in a shaky job market, but against the backdrop of rocketing house prices, many see business and property as a fork in the financial road.

Domain

http://www.afr.com/real-estate/gst-on-new-housing-changes-put-tax-office-first-in-line-if-developer-fails-20170512-gw38t0

GST on new housing: Changes put ATO first in line if developer fails

Changes to the way GST must be paid on new housing from July 1 next year means the ATO will rank above all other creditors if the developer runs into financial trouble.

The Australian Financial Review

http://www.economist.com/news/americas/21722249-american-protectionism-not-only-threat-economy-end-canadas-housing-boom?fsrc=scn/tw/te/bl/ed/bubblebaththeendofcanadashousingboom

The end of Canada’s housing boom?

“It’s time to remind folks that prices of houses can go down as well as up,” says Stephen Poloz, the governor of the Bank of Canada.

The Economist

http://www.afr.com/business/banking-and-finance/investment-banking/retirees-are-riskier-investors-than-millennials-says-asx-report-20170518-gw7uov

Retirees are riskier investors than millennials, says ASX report

Millennials aren't just eating smashed avo and not saving for homes, they're getting into the sharemarket in greater numbers and are more risk averse than their parents and grandparents.

The Australian Financial Review