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Buyers save millions making apartments their entry point into Melbourne's top suburbs

Buyers can save more than $3 million by buying an apartment rather than a house in some of Melbourne's most exclusive suburbs.

Queensland (Qld)Brisbane

People

Get to know Drew Davies of McGrath New Farm

Drew Davies swapped architecture for real estate after a chance encounter with a real estate agent on a long-haul flight between Brisbane and LA.

Victoria (Vic.)

Featured Property

Alpine-inspired chalet 'Buffalo Lodge' with sweeping views over Mt Buller

After a long day on the slopes, cozy up in this freestanding Alpine home seconds from Bourke Street. For sale by Mark Adams and Zach Adams of Mark Adams Real Estate.

Western Australia (WA)Perth

People

Realmark Coastal's Super Saturday "a great result" for Perth auctions

Paul DiLanzo says it was Realmark Coastal's supportive team culture that made 'Super Saturday' so successful.

New South Wales (NSW)

People

PRD launches Green Housing Scorecard at annual conference

At this year's PRDnationwide conference, the agency released an online tool that scores the sustainability features of residential real estate.

Victoria (Vic.)Melbourne

Construction

Australia's best cubby house: Rocky Road

The winner of 2018 Cubby House Challenge was 'Rocky Road', which sold under the hammer for $20,500, with funds going to the Kids Under Cover charity, which helps youth with homeless prevention strategies.

Victoria (Vic.)

Featured Property

Designer Mornington Peninsula home on vast allotment close to Somers Beach

The property includes a wood shed with stables, mature citrus orchard and a large paddock and dam. For sale by Paul Castran of Castran Gilbert South Yarra.

Western Australia (WA)Perth

The Economy

The seven Perth suburbs selling more now than during the 2014 boom

More properties are selling in seven Perth suburbs - with Alkimos, Golden Bay and Trigg at the top of this list - than were sold during the 2014 peak of Perth's property boom.

New South Wales (NSW)Sydney

People

McGrath launches lower cost mid-week auctions in Sydney's eastern suburbs

McGrath Coogee will hold its first mid-week auction event tonight, targeting investors in the sub-$1 million market.

National

The Economy

New house sales down for second month in a row

New house sales rose in three states, but large falls in Queensland and Western Australia dragged the overall result into negative territory.

Pages

News Roundup

http://www.propertywire.com/news/australasia/australia-property-auctions-cities-2015082510906.html

Auctions set to continue as popular means of selling a home in Australia

While housing market conditions remain strong in Australian cities, particularly in Sydney and Melbourne, auctions will continue to be a popular way of selling a residential property, new research suggests.

Property Wire

http://www.theaustralian.com.au/business/latest/sydney-property-gains-to-ease-in-2016/story-e6frg90f-1227493051384

Sydney property gains to ease in 2016

Sydney's red hot housing boom is tipped to come to an end next year, and the market will even play second fiddle to Melbourne. Prices in Sydney for houses and units are expected to rise by five per cent next year, following years of double digit price growth, property valuation firm Propell says in its latest housing report.

The Australian

http://www.straitstimes.com/business/park-hotel-group-expands-into-australia

Park Hotel Group expands into Australia

Singapore-based Park Hotel Group has inked a deal to manage an upcoming hotel in Adelaide. The 30-storey project in the city centre will consist of 280 private residences, 250 guest rooms and suites, a restaurant, swimming pool and other facilities. The private residences will be put up for sale.

The Straits Times

http://www.news.com.au/finance/real-estate/auctions-popular-in-hot-home-markets/story-fndban6l-1227492093802

Cities that are addicted to auctions

Just over a quarter of residential properties offered for sale in Australia went to auction last financial year, but the proportion was over a third for Sydney, Melbourne and Canberra.

news.com.au

http://www.domain.com.au/news/agrade-properties-to-hit-the-melbourne-auction-market-come-spring-20150822-gj5f0l/

A-grade properties to hit the Melbourne auction market come spring

"For Sale" signs were placed on hundreds of million-dollar-plus properties in Melbourne last week as the market readied for the peak spring selling season.

Domain News

http://www.smartpropertyinvestment.com.au/opinion/14499-how-property-is-shaping-australia-s-wealth

How property is shaping Australia's wealth

Property and its ability to supercharge investors' fortunes continues to produce headlines and generate debate - but what role is it actually playing in our wealth creation?

Smart Property Investment

http://www.theage.com.au/victoria/health-and-welfare-on-the-up-but-house-prices-dragging-us-down-report-20150820-gj3hlp.html

Health and welfare on the up, but house prices dragging us down: report

The massive jump in the cost of buying or renting a house is having a profoundly negative impact on Australia, and policies imposed by Canberra and state governments are making the problem worse, a housing expert has warned.

The Age

http://www.theguardian.com/australia-news/2015/aug/24/luke-foley-wants-ban-on-property-developers-and-agents-being-councillors

Luke Foley wants ban on property developers and agents being councillors

Luke Foley, leader of the Labor opposition in New South Wales, wants to ban property developers and real estate agents from being local councillors. Foley has also called on the NSW government to reverse the decision to let councillors vote on planning controls that could benefit them.

The Guardian