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Great budget for Real Estate, First Home owners, social and affordable housing says REIA

REIA President Mr Hayden Groves welcomed Budget 2022, “With 50,000 new places coming online through the First Home Loan Deposit Scheme this is a most welcome measure. “We also welcome the additional allocation of $2 billion to the National Finance Investment Corporation’s mandate to help enable much needed supply of social and affordable housing.”

Queensland (Qld)Gold Coast

Featured Property

Broadbeach IVY95 penthouse for sale with private rooftop terrace - Amir Prestige Group

The Gold Coast Penthouse at 801/95 Old Burleigh Road Broadbeach for sale by Veronika Princeton-Hall and Amir Mian of Amir Prestige Group features stunning ocean and beach views.

Queensland (Qld)Sunshine Coast

Featured Property

Magnificent Balmoral Ridge Queenslander overlooking the Sunshine Coast – McRae Real Estate

650 Maleny Montville Road Balmoral Ridge for sale by Greg McRae of McRae Real Estate features classic Queenslander details, coastal views and off grid solar electric system.

Queensland (Qld)

The Economy

Rental crisis weighs heavily on Property Managers - REIQ

The Real Estate Institute of Queensland (REIQ) is calling for industry, community and Government to better support Property Managers who are struggling to cope with the ongoing pressure caused by a very tight rental market, legislative reform and the recent flood events.

Western Australia (WA)Perth

People

Re/max Australia recognises their best in Western Australia

Joel Davoren, Managing Director RE/MAX Australia, spent last week in Western Australia meeting and personally presenting awards to the network’s real estate offices, broker owners and teams with Perth based RE/MAX Business Growth Manager, Simon Withers.

Queensland (Qld)Gold Coast

People

Dan and Essie Moloney join Adcock Prestige Gold Coast

A husband and wife real estate team are set to take on the Gold Coast prestige property market, opening the first local office for leading prestige agency, Adcock Prestige. Dan and Essie Moloney will work the luxury property market along the southern end of the Gold Coast.

National

People

Rising star and new talent join McGrath Queensland

McGrath recruits rising star Emily Magee and a string of new talent with a focus on support.

National

The Economy

Home ownership plan for Budget 2022 applauded - REIA

The announcement that the Federal Budget 2022 will unlock 50,000 new places for the First Home Loan Deposit Scheme (FLHDS) has today been applauded by the Real Estate Institute of Australia (REIA).

National

The Economy

John McGrath – How COVID-19 changed the market

The biggest impacts of COVID on our market according to John McGrath founder and executive director of McGrath Estate Agents.

National

The Economy

Unlock The Potential For A Better Built Environment - Strata Peak Body SCA Sets Out 2022 Federal Election Agenda

SCA’s 2022 campaign is prioritising three key areas of reform for the strata property sector, sustainability in strata, insurance affordability and availability, and a better quality environment are property peak body Strata Community Association’s (SCA) top priorities for future governments to address, ahead of the upcoming federal election says SCA National President Chris Duggan.

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News Roundup

https://www.smh.com.au/politics/nsw/two-offers-a-week-the-pressure-to-build-apartments-in-gladesville-20180516-p4zfm2.html

Two offers a week: the pressure to build apartments in Gladesville

If you want a sense of how intense the pressure is for apartment development in Sydney, talk to the manager of the landmark Tennis Ranch at Gladesville.

Sydney Morning Herald

https://www.canberratimes.com.au/politics/act/andrew-barr-s-terse-warning-over-botched-buy-of-public-housing-20180515-p4zfdm.html

Andrew Barr's terse warning over botched buy of public housing

It was a terse warning, written in the neat hand of Chief Minister Andrew Barr after the territory was forced to shell out millions of dollars more than it planned on houses it originally did not want.

Canberra Times

https://www.smh.com.au/business/companies/frasers-property-signs-31m-lease-for-its-eastern-creek-site-20180515-p4zfet.html

Frasers Property signs $31m lease for its Eastern Creek site

Frasers Property Australia has boosted its Eastern Creek business park with the lease of a new facility to FDM Warehousing at a purpose-built facility.

The Sydney Morning Herald

http://www.afr.com/business/banking-and-finance/new-wa-property-tax-on-foreign-residential-buyers-slammed-20180515-h103ce

New WA property tax on foreign residential buyers slammed

The near-doubling of a new tax on foreign residential property investors in Western Australia has been slammed by development and property experts who claim it will slow economic recovery.

Australian Financial Review

http://www.abc.net.au/news/2018-05-15/biggest-perth-urban-infill-developments-revealed/9762878

Plan for 5,000 new houses in Perth as Premier reveals infill project to tackle urban sprawl

Thousands of new dwellings will be created in established parts of the Perth metropolitan area as part of the WA Government's efforts to boost density and slow the city's urban sprawl.

ABC

https://www.architectureanddesign.com.au/people/clare-cousins-sworn-in-as-79th-aia-national-presid

Clare Cousins sworn in as 79th AIA national president

Victorian architect Clare Cousins was inaugurated as the 79th national president of the Australian Institute of Architects in Melbourne, taking the reins from Richard Kirk and vowing to continue to champion key Institute policies including affordable housing and sustainability.

Architecture & Design

https://www.thehotelconversation.com.au/news/2018/05/16/450m-munro-site-mixed-use-development-approved/1526426137

$450m Munro site mixed-use development approved

Minister for Planning Richard Wynne has announced planning approvals for the $450m Munro site Hotel and Apartment development that sits within Melbourne's Queen Victoria Market precinct.

The Hotel Conversation

http://www.afr.com/real-estate/cromwell-strikes-bouygues-development-deal-for-further-global-property-reach-20180514-h100vy

Cromwell strikes Bouygues development deal for further global property reach

Real estate investor and manager Cromwell Property Group has struck a €500 million ($792 million) partnership deal with Linkcity, a subsidiary of global construction company Bouygues Construction, to invest in the rollout of a portfolio of logistics and industrial property in Europe.

The Australian Financial Review