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Slowdown in clearance rates not necessarily an indication of the market

While preliminary auction clearance rates fell over the weekend, the slowdown isn't necessarily an indicator of how the market is performing. Timing of the year, school holidays, and vendors holidaying overseas has significant effect on supply and demand.

Victoria (Vic.)

Design

Winners for the 2018 Victorian Architecture Awards announced

Victoria’s leading architects have been honoured by the 2018 Victorian Architecture Awards, with education and public architecture projects dominating in multiple categories demonstrating their significance to the public realm.

New South Wales (NSW)

People

Actor Oliver Burton wins REINSW Novice Auctioneers Competition

An actor hoping to become an auctioneer has won the final of the 2018 Real Estate Institute of New South Wales (REINSW) Novice Auctioneers Competition.

Victoria (Vic.)Melbourne

Featured Property

South Yarra Victorian grandeur

This home’s period profile (circa 1860s) is matched inside by alluring romantic spaces. For sale by David Colbran and Greg Herman of Melbourne Sotheby’s International Realty.

National

The Economy

Most millennials are saving for their first property, new research shows

An increasing amount of millennials are saving up for a home loan, new research from Westpac has revealed.

Victoria (Vic.)Melbourne

Construction

Infrastructure will be the focus at REIV 2018 Economic Forecast Lunch

Projects and developments will be the key focus at the Real Estate Institute of Victoria's (REIV) 2018 Economic Forecast Lunch in late July.

National

People

How real estate agents can build their digital brand

Build your digital brand so you are the first person a potential client sees when looking for someone to sell or manage their property.

Queensland (Qld)

Featured Property

Batujimba: lakeside garden estate

Inspired by renowned Ceylonese architect Geoffrey Bawa, Port Douglas’s Batujimba is an exclusive tropical oasis. For sale by Barbara Wolveridge of Queensland Sotheby’s International Realty.

Tasmania (Tas.)

People

Knight Frank to launch residential offering in Launceston

Knight Frank and Woolcock Partners Real Estate are merging, providing clients with a residential offering in Launceston.

National Queensland (Qld)Brisbane

Construction

House and land packages soar in popularity as buyers seek more space

Demand for house and land packages is peaking across the south-east as buyers look for larger blocks and bigger backyards, according to a recent report from Place Advisory.

Pages

News Roundup

http://www.heraldsun.com.au/news/china-investment-corporation-245-billion-deal-to-buy-stakes-in-nine-australian-office-towers/story-fnii5s3y-1227581820260

China Investment Corporation: $2.45 billion deal to buy stakes in nine Australian office towers

Welcome to Chinatown Down Under, where property deals are worth billions and our Asian trading partners are scrambling for the best slices of Sydney’s prime real estate. The China Investment Corporation — a state-owned sovereign wealth fund — earlier this month closed a $2.45 billion deal to buy stakes in nine Australian office towers, seven of which are in Sydney.

Herald Sun

http://www.abc.net.au/news/2015-10-26/muswellbrook-named-as-poor-place-to-invest-in-real-estate/6884000

Muswellbrook named as poor place to invest in real estate

Muswellbrook has been named as one of the twelve worst places in the nation to invest in real estate.

ABC Online

http://www.news.com.au/finance/real-estate/young-trendies-turning-old-money-suburbs-into-trendy-new-postcodes/story-fnd91nhy-1227578158149?sv=7dfa86854e98bb927b9357cb6158f18d

Hipsters invade north shore

With an abundance of million dollar estates and waterfront mansions, Sydney’s north shore is not usually the kind of place you would associate with hip young trendsetters. But an influx of cool cafes, bars and restaurants in the last few years has raised the profile of a number of these pockets and seen city dwelling hipsters broaden their horizons, by making a slow migration across the Bridge.

news.com.au

http://www.perthnow.com.au/realestate/the-suburbs-where-you-have-more-left-in-your-wallet-even-after-mortgage-payments/news-story/b6daf1d5ec02237730bea0415e319925

Where buying doesn't swallow up your income

Seven Western Australia suburbs make the top ten list for most affordable suburbs where buyers have the most money left over from the average suburb income after they have made mortgage repayments. The most affordable capital city suburb was Brentwood where there was $75,398 on average remaining after mortgage payments.

Perth Now

http://www.architectureanddesign.com.au/news/senior-architects-cashing-in-as-high-rise-apartmen

Senior architects cashing in as high-rise apartment approvals soar

Architects for high-rise apartment buildings in Sydney, Melbourne, Brisbane and the Gold Coast are in high demand and getting better pay, that’s according to a number of recent industry reports.

Architecture and Design

http://therealdeal.com/blog/2015/10/21/japanese-real-estate-investment-expected-to-increase/

Japanese foreign real estate investment expected to increase

Japanese interest in overseas real estate assets is driven by ongoing economic recovery, with investment steadily increasing in recent years. The U.S. has been the focus of much of that capital, receiving $1.3 billion – or 75 percent of Japan’s total overseas investment – in real estate funds in 2014.

The Real Deal

http://www.propertyeu.info/index-newsletter/briefing-investors-neglect-big-value-add-real-estate-market-in-italy/

Investors 'neglect' big value-add real estate market in Italy

Real estate investment in Italy is a tale of two very different markets: a small core segment attracting unprecedented investor attention and a much larger value-add portion which is largely neglected.

Property EU

http://www.theaustralian.com.au/news/extravagant-mansion-worth-20m-abruptly-demolished-in-toorak/story-e6frg6n6-1227576936958

Extravagant mansion worth $20m abruptly demolished in Toorak

A historic Toorak mansion worth about $20 million is being torn down, despite the local council’s efforts to obtain heritage protection for it. Locals say the demolition of the grand house at 16 St Georges Rd — one of Melbourne’s most exclusive streets — is “sacrilege”.

The Australian