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Featured Property

1930's Coolangatta Queenslander sold by REAL Specialists in less than one week

The original 1930s home at 43 Binya Avenue Coolangatta sold by Brent Hodge of REAL Specialists offered a development opportunity 750m from Kirra Beach.

National

People

REIA commits to breaking the bias on International Women’s Day

REIA President Hayden Groves with a workforce of up to 67 per cent women’s equality should be a key social and economic driver for all real estate businesses.

National

The Economy

Recent surge in property prices may have widened gender wealth gap - CoreLogic

Surging home values caused by a global environment of low interest rates, tight supply and strong buyer demand may have widened the wealth gap between those that own housing, and those that don’t, amplifying the need to understand trends around women and home ownership.

Queensland (Qld)Brisbane Gold Coast Sunshine Coast

People

First National announces 2022 general Excellence and Marketing awards - Queensland

Queensland State Chairman, Neil Coupland, said it was an incredible year for First National Real Estate and that he was very encouraged by the number of salespeople and property managers who had received awards for the first time.

National

The Economy

John McGrath – When is the right time to buy in this market?

According to John McGrath founder and executive director of McGrath Estate Agents, the only factors that should be driving your decision to buy are personal needs and affordability.

Queensland (Qld)Brisbane Gold Coast Sunshine Coast

The Economy

REIQ and Q Shelter launch urgent appeal to property owners as homelessness soars

The Real Estate Institute of Queensland (REIQ) and Q Shelter have joined forces to launch a campaign to encourage property owners to release their Queensland-based properties onto the long-term rental market. According to Antonia Mercorella, CEO of the REIQ - “The Queensland rental market was already at historically low vacancy rates leading up to the recent flood crisis.

South Australia (SA)Adelaide

The Economy

Consumers to feel the pinch of Eastern Europe Crisis says REISA

Barry Money, CEO of Real Institute of South Australia (REISA) foresees consumers carrying the can of high fuel prices across the board.

Western Australia (WA)Perth

People

Realmark Urban Welcomes Ryan Smith as Equity Partner

Welcoming Ryan Smith as an equity partner in Realmark Urban, Managing Director of Realmark John Percudani said “The ‘Never give up’ is a mantra shared universally by successful sportspeople and real estate agents.

New South Wales (NSW)

Featured Property

Bathampton Luxury Bowral acreage estate for sale - First National

Flawless 5.6 acre Hamptons style Southern Highlands estate for sale by Reece Woods First National Real Estate Bowral.

Victoria (Vic.)Melbourne

Featured Property

Entertainer’s oasis Beaumaris for sale - Kay & Burton

71 Fourth Street for sale by Eleisha Doherty and Tommy McIntosh of Kay & Burton delivers ample space for all the family in Melbourne bayside suburb of Beaumaris.

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News Roundup

http://www.afr.com/markets/the-rba-cant-lift-rates-when-house-prices-are-falling-20180501-h0zhxm

The RBA can't lift rates when house prices are falling

House prices are dropping well ahead of a tightening monetary policy cycle, complicating the RBA's efforts to escape rates at "emergency" levels.

The Australian Financial Review

http://www.afr.com/real-estate/commercial/hotels-and-leisure/yours-for-just-20m-great-keppel-island-on-the-market-as-terry-agnew-seeks-exit-20180501-h0zhht

Yours for just $20m: Great Keppel Island on the market as Terry Agnew seeks exit

Property tycoon Terry Agnew is cutting his losses and selling Great Keppel Island after battling to secure funding to develop a luxury casino resort on a 162-hectare portion of the island at the southern end of the Great Barrier Reef.

The Australian Financial Review

https://www.canberratimes.com.au/national/act/contentious-red-hill-land-could-become-massive-storage-facility-20180426-p4zbsj.html

http://www.afr.com/real-estate/foreign-money-needed-for-buildtorent-funds-20180430-h0zfz5

Foreign money needed for build-to-rent funds

Limits on managed investment trusts could put a brake on the foreign capital needed for a build-to-rent sector in Australia.

The Australian Financial Review

http://www.afr.com/real-estate/old-office-building-at-499-kent-street-sold-for-over-50-million-20180430-h0zfzv

Old office building at 499 Kent Street sold for over $50 million

A Sydney-based Chinese investor and developer has forked out just over $50 million for a commercial freehold building and site at 499 Kent Street in Sydney with plans for future redevelopment.

The Australian Financial Review

https://www.smh.com.au/national/nsw/bulldozers-in-every-street-nsw-govt-facing-suburban-revolt-over-new-housing-code-20180427-p4zc48.html

'Bulldozers in every street': NSW govt facing suburban revolt over new housing code

The NSW government is facing a suburban revolt over its new medium-density housing code, with one mayor predicting bulldozers in every street if the rules are implemented.

Sydney Morning Herald

https://www.canberratimes.com.au/politics/act/civic-library-could-be-moved-in-plan-to-renew-canberra-arts-precinct-20180423-p4zb6o.html

Civic library could be moved in plan to renew Canberra arts precinct

It has a rating of two-and-a-half stars on Trip Adviser despite hosting a comedy festival and speigeltent in recent weeks, but Canberra's Civic Square could be in for a makeover.

The Canberra Times

https://www.brisbanetimes.com.au/national/queensland/brisbane-cbd-parkland-proposed-ahead-of-development-20180427-p4zc2l.html

Brisbane CBD parkland proposed ahead of development

High-rise CBD buildings will be reduced to rubble and replaced with parkland as a developer prepares the land for the next development.

Brisbane Times