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Featured Property

New Farm apartment with unforgettable views

Offering views of the Story Bridge that few get to appreciate, this custom designed sky home combines timeless elegance and uncompromised practicality. For sale by Sarah Hackett of Place Bulimba.

New South Wales (NSW)Sydney

People

Bevan beats out competition to take Novice Auctioneers title

Inglis Bloodstocks consultant Bryce Bevan has won the 2019 REINSW Novice Auctioneers Title after triumphing in Thursday night's state final.

Construction

Townhouse development site for sale in Ipswich

Ray White Special Projects is inviting expressions of interest for an architecturally designed townhouse development site with approvals at 1-19 McEwan Street in Ipswich’s Riverview.

Queensland (Qld)Brisbane

People

Ray White New Farm to donate commission from upcoming sale

Ray White New Farm will conduct its second No Commission Auction at New Farm State School on Sunday.

Victoria (Vic.)Melbourne

Featured Property

Ultimo: contemporary smart home in Old Mt Martha

This coastal dream home combines old and new elements to create spaces that are both architecturally striking, but also warm and inviting. For sale by Sam Danckert and Ian Ross of Danckert Real Estate.

Design

Families choose to knock down and rebuild over renovating, selling

New data from Metricon NSW has shown that the majority of Sydney home owners would rather knock their home down and rebuild than renovate or sell.

People

Tasmania Sotheby's International Realty announces partnership with Royal Yacht Club

Tasmania Sotheby's International Realty has signed on as a major partner for the Royal Yacht Club of Tasmania.

New South Wales (NSW)Sydney

People

Paddington terrace house sold for $1.075 million

An updated three-bedroom terrace in Paddington has sold at a rate of $21,000 per square metre through 1st City Real Estate.

Victoria (Vic.)Melbourne

Featured Property

Light filled Armadale town residence

Architect Nicholas Day has designed a warm, elegant town home close to shops, restaurants, parklands and transport. For sale by Jeremy Fox and Jack Edgar of RT Edgar Toorak.

Queensland (Qld)

Politics

Queensland Treasurer announces company land tax increase to cover 'Canberra cuts'

Queensland Treasurer Jackie Trad has announced a new land tax foreign surcharge of 2 per cent and an increase in land tax for companies and trusts as part of the 2019/2020 Queensland State Budget.

Pages

News Roundup

http://www.afr.com/real-estate/loss-makers-where-homes-and-apartments-lose-money-for-property-owners-20160628-gpu591

Where homes and apartments lose money for owners

The housing boom has delivered massive upside to some sellers but left others, those selling inner-city apartments in Melbourne, regional homes, or properties in Perth, with losses.

The Australian Financial Review

http://www.afr.com/real-estate/australians-buy-sterling-to-pick-up-cheaper-residential-property-postbrexit-20160627-gpssnk

Australians buy sterling to pick up cheap property post-Brexit

Australian investors are parking funds in the UK to snap up cheap property, speculating Brexit will drive down residential prices.

The Australian Financial Review

http://www.theaustralian.com.au/news/nation/subprime-lending-returns-to-fill-funding-gap/news-story/c1f12d6a95e461acb19ed4a7546e865d

Subprime lending returns to fill funding gap

Wealthy private investors are setting up funds to lend to foreign apartment buyers stranded by bank lending bans, creating a tier of subprime lending.

The Australian

http://www.domain.com.au/news/sydney-investors-favoured-interstate-property-play-turns-sour-20160615-gpk40a/

Sydney investors’ interstate property play may be turning sour

Almost one in four NSW investors have bought an investment property in Queensland, leaving them exposed to potential oversupply and price drops.

Domain

http://www.abc.net.au/news/2016-06-20/melburnians-hopping-on-board-free-overnight-public-transport/7525294

Overnight public transport numbers 'really strong' in Melbourne trial

The year-long trial of all-night public transport on weekends in Melbourne is "clearly working", the Government says.

ABC

http://www.theaustralian.com.au/business/property/home-prices-are-skyhigh-but-so-are-the-returns/news-story/8b0c260cac8f0e181b7740bee6dbd1f9

Home prices are sky-high, but so are the returns

Australian high-end homes rate among the best in the world for investment returns.

The Australian

http://www.afr.com/real-estate/residential/brexit-uk-property-values-likely-to-fall-but-they-will-recover-economists-say-20160626-gps3zl

Brexit: UK property values likely to fall, but will recover

Australian investors in UK residential property are likely to see prices fall in the short term. But lower interest rates and lower transaction volumes could underpin prices, says Knight Frank.

The Australian Financial Review

http://www.afr.com/real-estate/why-i-am-negative-on-labors-negative-gearing-20160623-gpqth6

Why I am negative on Labor's negative gearing

The negative gearing debate comes down to three arguments: impact, affordability and fairness.

The Australian Financial Review