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Rental affordability improves across Australia - REIA

Rental affordability improved marginally across Australia by 0.3 percentage points over June the quarter, the latest quarterly Housing Affordability report by the Real Estate Institute of Australia (REIA) has found.

International National

People

Openn appoints USA Director of Operations

Openn has incorporated a USA company "Openn USA Inc" to run the USA operations and is pleased to announce the appointment of Mr Eric Bryant as Director of Operations of Openn USA Inc.

National

The Economy

Combined capital city preliminary clearance rate improves across lower volumes and fewer withdrawals - CoreLogic

There were 1,535 homes taken to auction across the combined capital cities this week, down only slightly from the 1,567 originally scheduled.

Queensland (Qld)Gold Coast

People

Radio personality Jo Lynch leaves the airwaves for a real estate career with LJ Hooker

Popular Gold Coast radio announcer Jo Lynch has swapped her microphone for open inspections joining the team at LJ Hooker Coolangatta | Tweed as a sales and marketing specialist.

Queensland (Qld)

Featured Property

Mount Glorious land for sale, 1088 acres with coastal views and $18 million price guide - Sotheby’s

With over 1088 acres (approx 440 Ha.), the SE Queensland property offers enormous potential for astute developers. For sale by Veronika Princeton-Hall of Queensland Sotheby’s International Realty.

New South Wales (NSW)

Featured Property

Private Casuarina sanctuary on beachfront cul-de-sac for sale - REAL Specialists

The 6-bedroom home presents a flexible layout with income opportunities close to Salt Village. For sale by Mason Garten of REAL Specialists.

Queensland (Qld)Brisbane

People

Place Ascot presents The Art of The Auction, Spring auction event

The team at Place Ascot is again supporting the community that supports them, holding their Spring Auction Event at Revival Art & Design Gallery Albion.

National

The Economy

John McGrath – Should you sell in lock down this Spring?

John McGrath founder and executive director of McGrath Estate Agents gives his advice on selling this Spring while in lockdown.

Queensland (Qld)Brisbane

Featured Property

‘Malouf House’ for sale: Art Deco Hamilton home with river views - Place Ascot

The renovated home features a breathtaking full-floor rooftop terrace, perfect for entertaining or relaxing. For sale by Drew Davies and Carter Lagana of Place Ascot.

Queensland (Qld)Brisbane

Featured Property

Kenmore Hills mansion for sale with bushland surrounds - Place New Farm

This elegant Kenmore Hills home for sale with select pieces of its art collection and furniture included. Marketed by Heath Williams and Judy Goodger of Place New Farm.

Pages

News Roundup

http://www.afr.com/real-estate/interestonly-property-investor-cash-flow-crunch-sparks-fears-of-fire-sales-20180212-h0vyli

Interest-only property investor cash flow crunch sparks fears of fire sales

Interest-only property investors seeking to switch their loan to principal and interest may be forced to sell because of lenders' tough new serviceability requirements.

The Australian Financial Review

https://www.theaustralian.com.au/business/property/hobart-melbourne-homes-the-fastest-to-find-buyers/news-story/a755dfd5cd5185d410ddc5978fcbce96

Hobart, Melbourne homes the fastest to find buyers

Buyers have been snapping up homes in Hobart’s hot property market, where properties are typically selling within 33 days.

The Australian

https://www.commercialrealestate.com.au/news/the-property-sectors-you-werent-expecting-to-go-gangbusters-this-year/

The unlikely property sectors that are tipped to go gangbusters this year

For investors chasing yield growth, 2018 is the year to start looking at emerging property sectors.

Commercial Real Estate

http://www.smh.com.au/national/catholic-church-s-massive-wealth-revealed-20180209-p4yzus.html

Catholic Church's massive wealth revealed

The Catholic Church in Australia is one of the country’s biggest non-government property owners.

The Sydney Morning Herald

https://www.businessinsider.com.au/australia-house-prices-capital-cities-2018-2

Annual house price growth in Sydney is now falling in real terms

Prices in Australia’s largest and most expensive housing market fell by a further 0.2% last week, says CoreLogic, extending the losses for the month to 1%.

Business Insider

http://www.radioaustralia.net.au/international/2018-02-10/architecture-was-meant-to-solve-the-housing-crisis-instead-it-betrayed-us/1735196

Architecture was meant to solve the housing crisis, instead it betrayed us

Once driven by social responsibility and the dream of affordable housing for all, architects now favour profits over people, architectural theorist Reinier de Graaf says.

Radio Australia

https://www.architecturaldigest.com/story/pantone-there-was-werners-nomenclature-of-colours?mbid=nl_102017PM_Weekly&spMailingID=12911397&spUserID=MjM4ODc1NTYxNTY2S0&spJobID=1340941058&spReportId=MTM0MDk0MTA1OAS2

Before Pantone There Was 'Werner’s Nomenclature of Colours'

Charles Darwin diligently consulted his copy while aboard the Beagle and used color names supplied by 'Werner's Nomenclature'.

Architectural Digest

http://www.afr.com/personal-finance/property-slump-could-push-the-economy-into-recession-top-economists-warn-20180206-h0uumi

Property slump could push the economy into recession, economists warn

Falling property prices in Sydney and Melbourne could cause the nation's wealthiest consumers to cut back sharply on spending.

The Australian Financial Review