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Featured Property

City Beach family masterpiece: Convenience, luxury, and Indian Ocean views

For sale by Jason Jowett of Realmark Coastal - North Beach who told WILLIAMS MEDIA, “This is without doubt one of the best homes on the coast.”

National

The Economy

House price drops in Sydney and Melbourne not as "dramatic" as we are led to believe

While house prices in Sydney and Melbourne led the way in value declines across the nation according to CoreLogic's June Home Value Index, the price drops aren't as dramatic as what is being reported, experts say.

Queensland (Qld)

People

Ray White Special Projects QLD celebrates financial year with new magazine launch

A new financial year brings new beginnings and a buzz about what is in store for the next 12 months.

Queensland (Qld)

Politics

REIQ changes Constitution, signifying drive for diversity

In an overwhelming show of support, the Real Estate Institute of Queensland (REIQ) membership have voted to change the Constitution, reserving two Member Director positions for women and one for an under-35 Member Director.

Queensland (Qld)

Featured Property

Flagstaff Hill retreat with stunning Port Douglas panoramas

This as-new home, designed by award-winning architect Charles Wright, enjoys stunning views and entertaining spaces. For sale by Barbara Wolveridge of Queensland Sotheby’s International Realty.

National

The Economy

Slowdown in clearance rates not necessarily an indication of the market

While preliminary auction clearance rates fell over the weekend, the slowdown isn't necessarily an indicator of how the market is performing. Timing of the year, school holidays, and vendors holidaying overseas has significant effect on supply and demand.

Victoria (Vic.)

Design

Winners for the 2018 Victorian Architecture Awards announced

Victoria’s leading architects have been honoured by the 2018 Victorian Architecture Awards, with education and public architecture projects dominating in multiple categories demonstrating their significance to the public realm.

New South Wales (NSW)

People

Actor Oliver Burton wins REINSW Novice Auctioneers Competition

An actor hoping to become an auctioneer has won the final of the 2018 Real Estate Institute of New South Wales (REINSW) Novice Auctioneers Competition.

Victoria (Vic.)Melbourne

Featured Property

South Yarra Victorian grandeur

This home’s period profile (circa 1860s) is matched inside by alluring romantic spaces. For sale by David Colbran and Greg Herman of Melbourne Sotheby’s International Realty.

National

The Economy

Most millennials are saving for their first property, new research shows

An increasing amount of millennials are saving up for a home loan, new research from Westpac has revealed.

Pages

News Roundup

http://www.bloomberg.com/news/videos/2015-10-27/empire-state-building-s-long-term-plan-to-rule-nyc

Empire State Building's Plan to Rule NYC Real Estate

Tony Malkin, chief executive officer and chairman at Empire State Realty Trust, talks with Betty Liu about debt discrepancies between public and private real estate holding companies, his leasing standards for companies moving into the Empire State Building, and a decline in tourist dollars at the New York City landmark.

Bloomberg

http://www.theage.com.au/comment/mortgage-rates-why-the-big-four-think-theyll-get-away-with-it-20151025-gki5wj.html#ixzz3pifjbsPn

Mortgage rates: Why the big four think they'll get away with it

Notice how quiet the big four banks have been since they jacked up interest rates? Westpac added 0.20 percentage points to each of its variable mortgage rates a fortnight ago, hitting up its customers for an extra $34 a month. It'll haul in an extra $300 million a year.

The Age

http://www.news.com.au/finance/real-estate/beachside-suburb-with-prices-less-than-300000-draws-a-crowd/story-fndban6l-1227582032538

Beachside suburb with prices less than $300000 draws a crowd

Frankston North is gaining plenty of interest from house hunters, especially those seeking their first home. Rising sales, shorter listing times and long inspection queues tell the story of a suburb on the move.

news.com.au

http://www.smh.com.au/world/why-chinese-investors-come-to-australia-its-luxury-compared-to-home-20151026-gkiq9g.html#ixzz3pifDpVfp

Why Chinese investors come to Australia

China's larger cities have among the most expensive residential real estate in the world, according to house price to wage ratios compiled by the International Monetary Fund in 2013. In Beijing, the median house price is more than 22 times the average annual wage.

Sydney Morning Herald

http://www.theguardian.com/money/2015/oct/26/mortgage-approvals-fall-to-four-month-low

British mortgage approvals fall to four-month low

The number of mortgages approved by British banks in September fell to its lowest since May, with the lack of homes on the market being blamed for the fall.

The Guardian

http://www.news.com.au/finance/real-estate/house-auctions-expected-to-be-preferred-method-of-home-sale-in-south-australia-real-estate-body-says/story-fndba8zb-1227580404060

REISA: House auctions expected to be preferred method of home sale in SA

Auctions are becoming increasingly popular and will one day be the preferred method of property sale in South Australia, the real estate industry’s peak body says.

news.com.au

http://www.theadviser.com.au/breaking-news/33342-mortgage-choice-boasts-50b-loan-book

Mortgage Choice boasts $50bn loan book

Mortgage Choice has announced its loan book has officially hit $50 billion for the first time. Chief executive officer John Flavell said the achievement is a significant milestone for the ASX-listed group.

The Adviser

http://www.afr.com/real-estate/commercial/stockland-enjoys-q1-housing-sales-despite-return-to-normalised-growth-20151025-gki8di

Sydney growth to 'moderate', Stockland says

Stockland is on track to deliver 6000 sales of residential lots this financial year while expecting the Sydney and Melbourne property markets to "normalise".

The Australian Financial Review