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Housing affordability driving buyers away from capital cities

Long-time residents are moving away from capital city suburbs, with many shifting to regional Australia, according to analysis by buyers’ agency, Propertyology.

Queensland (Qld)

The Economy

Ray White Special Projects fielding strong inquiry for Mango Hill redevelopment site

Ray White Special Projects is marketing the 2.298ha site in Mango Hill on behalf of a Mortgagee.

Design

Ownit Homes wins Brisbane Master Builders Award

Brisbane project home builder Ownit Homes has been named as the Brisbane winner of the Master Builders Queensland Display Home.

New Developments

Rainforest Rise Estate, Macaranga Road land for sale

Tony Williams and Mark Creevey from Ray White Special Projects are offering for sale the balance of Rainforest Rise Land Estate for sale in Cairns approved for 146 Lot Subdivision.

Western Australia (WA)Perth

Featured Property

Stately Freshwater Bay residence designed by Rodney Alsop

With unrivalled Swan River views, this renovated historic home combines riverside living with heritage grandeur. For sale by Deborah Brady of ACTON - Cottesloe.

National

The Economy

Prestige market holds up amid one of lowest auction clearance rates in 10 years

While it was a slow weekend for auctions across the nation, with one of the lowest clearance rates in ten years, there is still "plenty of heat in the luxury end of the market".

Queensland (Qld)Gold Coast

Design

Owner occupancy on the rise as apartment design changes

Owner occupancy in the central coast strip between Surfers Paradise and Mermaid Beach is set to trend upwards over the coming years, with the introduction of a new generation of apartments suited to permanent residents.

Queensland (Qld)

People

Representative announced for Queensland Government's housing supply expert panel

Knight Frank’s Associate Director of Commercial Sales, Julie Saunders, has been appointed Chair of the Queensland Government’s new housing supply expert panel.

Victoria (Vic.)

Featured Property

Parkmore: historic seaside mansion circa 1891

Directly opposite a long sandy stretch of beach, this six-bedroom heritage-listed home is set on just over an acre of landscaped gardens on Victoria’s Mornington Peninsula. For sale by Quentin McEwing and Marcus Gollings of Mcewing Partners Mornington.

Tasmania (Tas.)Hobart

The Economy

Is it really a case of "buyer beware" in Tasmania?

While some experts are warning buyers to be careful in Tasmania, as the island state's booming housing market is reportedly headed for a slow deceleration, agents from Knight Frank Hobart say the 'human side' of the market is being overlooked in favour of statistics.

Pages

News Roundup

http://www.abc.net.au/news/2015-11-02/dempster-architectural-solutions-to-community-alienation/6904668

Six affordable housing lessons the US can teach Australia

Housing expert Dr David Rosen presented ideas about how Australia can tackle housing affordability based on the United States' six decades of policy in the area. He gave a presentation at the Melbourne School of Design in collaboration with the University of Melbourne's Transforming Housing project.

Architecture AU

http://www.ibtimes.com.au/credit-suisse-chinese-interest-australian-property-waning-1480581

Credit Suisse: Chinese interest in Australian property waning

Credit Suisse analysts Damien Boey and Hasan Tevfik revealed in a report that auction clearance rates are falling in Melbourne and Sydney. Both regions have been popular for Chinese purchases, although that seems to be changing in recent days.

International Business Times

http://theconversation.com/is-one-of-the-largest-real-estate-deals-in-american-history-a-requiem-for-middle-class-new-york-49562

Is one of the largest real estate deals in American history a requiem for middle-class New York?

Stuyvesant Town/Peter Cooper Village on Manhattan’s East Side has been bought by Blackstone Group LP and Ivanhoe Cambridge, Inc in a deal worth US$5.3 billion.

The Conversation

http://www.theaustralian.com.au/business/property/developers-line-up-for-old-adelaide-hospital-site/story-fn9656lz-1227591408426

Developers line up for old Adelaide hospital site

A clutch of top local and international developers are waiting to be called on to provide detailed plans to transform the $500 million old Royal Adelaide Hospital site.

The Australian

http://www.abc.net.au/news/2015-11-02/central-australian-cattle-stations-hot-property/6906010

Central Australian cattle stations hot property as international investor buys two NT stations

The sale of three Central Australian cattle properties signals increased confidence in the Northern Territory cattle industry.

ABC Online

http://www.smh.com.au/business/property/commercial-property-on-track-for-25-billion-in-sales-in-2015-20151103-gkpcnx.html

Commercial property on track for $25 billion in sales in 2015

Investors will pour more than $25 billion into the Australian commercial property market by the end of the year, with the lion's share in office skyscrapers along the eastern seaboard, according to new data from the CBA.

Sydney Morning Herald

http://www.wsj.com/articles/canada-sells-athens-embassy-building-a-rare-deal-in-greek-real-estate-market-1446558573

Canada Sells Athens Embassy Building, a Rare Deal in Greek Real-Estate Market

The government of Canada has sold its former embassy building in Athens, a rare deal in a Greek commercial real-estate market rendered all but dormant this year by the political uncertainty that has gripped the country.

The Wall Street Journal

https://sourceable.net/australian-architects-look-to-capitalise-on-emerging-cities/

Australian Architects Look to Capitalise on Emerging Cities

As the world’s emerging cities continue to grow, the opportunities for Australian architecture practices to expand into international markets cannot be understated.

Sourceable