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Belle Property expands into Wellington Point

After building the Bayside’s leading real estate business in Manly, Belle Property Manly Principal David Lazarus has announced plans for a second agency in Wellington Point.

New South Wales (NSW)

Featured Property

Award-winning oceanfront pavilion residence

Adjoining Bouddi National Park on the Central Coast, this innovative pavilion home is for sale by Cathy Baker of Belle Property Killcare.

The Economy

Changes to negative gearing "won't stimulate housing demand"

The ALP's proposed changes to taxation arrangements for investment properties will hit investor demand, not stimulate it, says the Property Council of Australia.

New South Wales (NSW)Sydney

Design

Queensland's largest flexible workspace provider to expand interstate

Off the back of impressive growth in Queensland, Corporate House is set to expand their offering nationally, with their first interstate location in Sydney to be unveiled early this year.

National

People

The two things your recruiter needs to know about you

Director of Resolver Recruitment, Virginia Brookes reveals the two things recruiters need to know about you when you're on the job hunt.

Victoria (Vic.)

Featured Property

Tropical oasis in coastal Portsea

This resort-style contemporary home is nestled on approx. 1,840sqm of tropical gardens close to bay, surf, golf course, and village. For sale by Ilze Moran and Michelle Cook of RT Edgar Portsea.

Western Australia (WA)Perth

The Economy

Housing body calls for reintroduction of WA First Home Owner Grant

It comes after research revealed first home buyers are choosing to forgo the grant, which only provides assistance to those who choose to build, in favour of purchasing established properties.

Queensland (Qld)

The Economy

Development and tourism potential for substantial Gladstone site

Expressions of interest are being sought for a substantial coastal landholding with a multitude of development opportunities at 485 Tannum Sands Road, through Ray White Special Projects Queensland.

New South Wales (NSW)Sydney

The Economy

Apartment oversupply pushes Sydney's vacancy rate to its highest level

Older properties are bearing the brunt of Sydney's high vacancy rates, as an apartment oversupply pushes the Harbour City firmly to a tenants market.

Victoria (Vic.)Melbourne

Featured Property

Spacious and light early Victorian with outdoor retreat

This South Yarra property blends original details with contemporary design across two dwellings. For sale by Jeremy Fox of RT Edgar Toorak, Jack Edgar of RT Edgar Toorak and Peter Kudelka and Michael Gibson of Kay & Burton South Yarra.

Pages

News Roundup

http://www.domain.com.au/news/the-damaging-ramifications-of-the-apartment-boom-20160408-gnxvnm/

The damaging ramifications of the apartment boom

Buyers looking for a freestanding home are being frozen out of the market. We need to think of creative ways to build townhouses or single-house dwellings that don't skimp on quality but can be bought for a similar price as apartments.

Domain

http://www.afr.com/real-estate/macquaries-paraway-reaps-record-profit-as-cattle-prices-rise-20160408-go209j

Macquarie's Paraway reaps record profit as cattle prices rise

Macquarie Group's $720 million agricultural land and livestock company Paraway Pastoral has posted a record net profit of $67.1, after a year in which it benefited from rising cattle and land prices.

The Australian Financial Review

http://www.afr.com/real-estate/how-50000-ha-of-nsw-has-been-preserved-in-private-20160408-go1vio

How 50,000 ha of NSW has been preserved in private

Since 2002, the Nature Conservation Trust has used its Conservation Property Fund to protect over 100 private reserves, and 52,000 ha of private country, across NSW.

The Australian Financial Review

http://www.domain.com.au/news/former-treasurer-joe-hockeys-canberra-home-sells-for-15-million-20160409-go2efj/

Former treasurer Joe Hockey’s Canberra home sells for more than $1.5m

Joe Hockey’s three-bedroom Canberra house failed to sell under the hammer but a price was negotiated soon after.

Domain

http://www.yourinvestmentpropertymag.com.au/news/mirvac-brushes-aside-oversupply-fears-with-new-sydney-project-214228.aspx

Mirvac Brushes Aside Oversupply Fears With New Sydney Project

Concerns about oversupply in Sydney’s inner south have not deterred one of Australia’s biggest apartment developers from unveiling a new project in the area.

Your investment property

https://sourceable.net/negative-gearing-creating-masses-of-vacant-apartments/

Negative Gearing Creating Masses of Vacant Apartments

Tax concessions are leading residential investors to pour excessive amounts of money into the wrong types of dwellings, two leading academics say.

Sourcable

http://www.domain.com.au/news/apartment-numbers-in-melbourne-could-double-in-coming-years-20160407-gnyr2b/

Apartment numbers in Melbourne could double in coming years

Almost 14,000 new apartments have been built in the CBD in nearly 15 years. Is this sustainable, and how many more are coming?

Domain

http://www.mortgagebusiness.com.au/breaking-news/9641-credit-growth-skyrockets-for-investors

Credit growth skyrockets for investors

Investor housing credit recorded its fastest growth rate in six months during February, according to new research.