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Is construction sector really facing "biggest fall since GFC"?

The nation's construction sector is set to face the biggest crisis since the Global Financial Crisis (GFC), according to economic forecaster BIS Oxford Economics, but some experts are saying this all a load of rubbish.

Queensland (Qld)Brisbane

People

All heart at Ray White Special Projects

In an act of generosity, the team at Ray White Commercial QLD and Special Projects have donated $10,000 to the Heart Foundation Queensland to help them continue their vital work.

South Australia (SA)

People

Bronte Manuel makes history, wins REISA 2018 Auctioneering Championships four times

Bronte Manuel, an auctioneer with Toop & Toop, has won the Real Estate Institute of South Australia (REISA) Auctioneering Championships for the fourth time in a row.

Victoria (Vic.)Melbourne Fitzroy

Featured Property

Iconic MacRobertson apartment: authentic industrial detail with CBD views

This unique apartment offers luxurious city-edge living, minutes from Brunswick and Smith Street cafes. For sale by Arch Staver and David Sanguinedo of Nelson Alexander Fitzroy.

New South Wales (NSW)Sydney

Featured Property

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National

The Economy

Tightened lending restrictions continue to impact clearance rates

While auction clearance volumes have improved on last week, tightened lending restrictions from the banks are continuing to impact clearance rates.

International

The Economy

Welcome to Double View on Pererenan Beach, Bali

With lots of development planned in Pererenan over the coming years, Double View offers you an opportunity to invest.

South Australia (SA)Victoria (Vic.)

People

Knight Frank announces new Head of Sales for Victoria and South Australia

Knight Frank Australia have announced a senior management restructure in accordance with the firm’s global Capital Markets strategy.

New South Wales (NSW)

Featured Property

‘Barefoot’ coastal living in Byron Bay architect designed home

Centrally located, this luxe beach house includes 5 bedrooms with ensuites, high ceilings, and a fully contained studio with separate entrance. For sale by Brad Cranfield of Byron Bay Property Sales and Helen Huntly-Barratt of First National Byron Bay.

Western Australia (WA)Perth

The Economy

"Relief for home buyers": Perth house prices most affordable in Australia

Real estate in Perth is at its most affordable on record, as falling prices give first home buyers their best chance of stepping onto the property ladder, according to the Housing Industry Association (HIA).

Pages

News Roundup

http://reneweconomy.com.au/2015/us-giant-enters-australia-market-to-take-suburbs-off-the-grid-30744

US giant enters Australia market to take suburbs off the grid

The energy offshoot of US asset management giant Brookfield has signed a deal with property group LWP to build a new suburb near Newcastle that will not connect to the grid, in a move that could be a blueprint for more such development and shapes as one of the biggest challenges to the incumbent energy industry yet.

RenewEconomy

http://www.afr.com/real-estate/chiwayland-buys-epping-road-site-for-24m-20151105-gks3md

Chiwayland expands into Epping with $24m site

Upcoming property developer Chiwayland has splashed out $24.3 million on a 4422-square-metre site in Sydney's growing northern suburb of Epping. The Chinese-backed and Singapore-listed company plans to develop a 90-apartment project at 17-25 Epping Road. Construction is scheduled to begin in 2016 and completion is due by the end of 2017.

The Australian Financial Review

http://www.smartpropertyinvestment.com.au/opinion/14775-mitigating-the-legal-risks-of-property-development

Mitigating the legal risks of property development

Identifying, avoiding or mitigating legal risk can be complicated, though, because of the many different shapes a development scheme can take. The renovation and re-lease of existing commercial buildings presents different challenges than a project that begins with the purchase of raw land or one that involves off-the-plan sales.

Smart Property Investment

http://www.perthnow.com.au/news/western-australia/council-house-wins-institute-of-architects-national-award/news-story/99584752997c02c62639029a8f880aba

Love it or hate it, Council House wins big

On the eve of Open House Perth, the 52-year-old, 13-storey building which boasts 22,000 exterior LED lights has been named WA’s shining beacon in the 2015 Australian Institute of Architects’ National Architecture Awards in Brisbane. The Jeffrey Howlett and Don Bailey-designed modernist block took out the enduring architecture award.

Perth Now

https://www.google.com/url?rct=j&sa=t&url=http%3A//www.theaustralian.com.au/life/home-design/melbournes-luxury-real-estate-market-looks-set-to-boom-agents/story-fn6njxlr-1227597277683&ct=ga&cd=CAEYACoTNDE0NDc3NTU0NjgxMDM5MDM2MTIdYzc5ODEzNzNhNTQ5MjZlYTpjb20uYXU6ZW46QVU&usg=AFQjCNHlH4FXwQ9NDCiFCFAr8qVmZkz7Iw

Melbourne's luxury real estate market looks set to boom: agents

Melbourne’s prestige property market is set for a flurry of activity over summer and into next year as buyers see value in a market that has begun recovering from its post-GFC lethargy. But experts warn further volatility in the equities markets could put a damper on buyer hunger for homes worth $5 million and above, while reducing corporate profits will also have an impact.

The Australian

http://www.dailymail.co.uk/news/article-3308673/Australia-s-suburbs-homes-TRIPLED-value-decade-savvy-owners-rich-buy.html

Australia's top suburbs where homes have tripled in value in a decade

Australia's biggest 'boom' suburbs have been revealed, with some owners who snapped up property in these postcodes having seen the price of their home more than triple is just years. Centennial Park was the biggest improver, where housing prices more than tripled from $965,000 to $4,250,000.

Daily Mail

https://au.finance.yahoo.com/news/news-corp-bets-digital-growth-011817431.html

News Corp bets on digital for growth

Rupert Murdoch's News Corp is depending on its digital property listings business for future earnings growth, as revenues from its news business continue to slide.

Yahoo 7 News

http://www.propertywire.com/news/australasia/australia-home-owners-outlook-2015110611178.html

Majority of home owners in Australia concerned about property values

More than two thirds of Australians are concerned that Australia’s housing is vulnerable to a significant correction in values, according to the latest housing sentiment survey. Some 68% of respondents to the September CoreLogic RP Data TEG survey said they believe the housing market is vulnerable to a significant correction in values.

Property Wire