The Real Estate Conversation

Historic house prices for regional Victoria; Melbourne holds the line - REIV

The median house price in metropolitan Melbourne is $1,010,000 and $559,500 in regional Victoria, according to data released today from the Real Estate Institute of Victoria.

Politics

REIA is urging Government to improve supply planning around housing development

Real Estate Institute of Australia (REIA) is urging the Federal and State governments to improve planning approval times in a bid to address the diminishing housing supply.

Mortgage serviceability cheaper than renting on over a third of Australian properties - CoreLogic

CoreLogic analysis suggests servicing a mortgage is now cheaper than paying rent on 36.2% of Australian properties, which is higher than the pre-COVID proportion of 33.9% reported in February last year.

New South Wales (NSW)

People

Kim Jones joins KOLLOSCHE Byron Bay

Leading real estate figure Kim Jones joins Kollosche Byron Bay. Kim hails from real estate royalty in Sydney where her late mother Di Jones has been a leading name in the boutique property sector for more than 25 years. “We’re thrilled to have Kim on board,” says Kollosche Director Michael Kollosche.

Western Australia (WA)Perth

People

Finalists announced for Openn Excellence Awards 2021

Online real estate sales platform, Openn Negotiation, has announced the finalists for their upcoming virtual awards night on the 5th of August.

Queensland (Qld)Gold Coast

The 10 Perth suburbs to record the biggest improvement in sales volumes in the 2020-21 financial year - REIWA

REIWA President Damian Collins said of the 10 suburbs to make the list, six had more than doubled their sales tally in the 2020-21 financial year versus the 2019-20 financial year.

People

REAL Specialists Wayne Bisgrove: “The high end market on the Southern Gold Coast has never been stronger”

"Specializing in only beachfront sales gives us a distinct advantage and unparalleled market knowledge.”

Queensland (Qld)Gold Coast

Featured Property

Newly renovated villa at the heart of Main Beach for sale - REAL Specialists

With a no expense spared renovation, this villa delivers an ideal Queensland lifestyle. For sale by Jonathon Santic of REAL Specialists.

http://www.afr.com/real-estate/the-amazon-effect-supersizes-warehouses-20171203-gzxwqj

Sensible approach to royal commission reforms to benefit homeowners and mum-and-dad investors - REIA

Real Estate Institute of Australia (REIA) has welcomed recent exemptions provided to real estate for both deferred sales models for home and landlord insurance as well as exemptions for property managers and real estate agents in insurance claims handling reforms.

Pages

News Roundup

The Amazon effect supersizes warehouses

As more money is spent online, real estate developers are sinking record amounts of money into new warehouse space, building bigger, taller structures.

https://www.zillow.com/blog/the-untold-story-of-elf-tiny-homes-222721/

The Untold Story of Tiny Homes, Straight From the North Pole

The secret of how Santa's toymakers became the trendsetters behind some of our most popular styles.

Zillow Torchlight

http://www.afr.com/opinion/coworking-spaces-attract-big-companies-as-well-as-startups-20171203-gzxz79

Coworking spaces attract big companies as well as start-ups

WeWork, the shared office outfit, has grown from a single building in Manhattan in 2010 into a hipster hot-desking behemoth with more than 170 sites in 19 countries and 58 cities, from Beijing to Bogotá.

http://thenewdaily.com.au/news/national/2017/12/01/754545/

‘Amateur investors’ are raising the risk of housing market collapse: report

Australia is at risk of a home price crash because it has a high number of mum and dad property investors, inflated prices, record household debt and an economy losing momentum, says hedge fund Watermark Funds Management.

The New Daily

http://www.afr.com/real-estate/edgecliff-apartment-block-eynesbury-sold-for-33-million-20171130-gzwl4y

Edgecliff apartment block Eynesbury sold for $33

A private local investor has snapped up a block of apartments at 22 Albert Street in the popular eastern Sydney suburb of Edgecliff for $33.25m.

http://www.theaustralian.com.au/life/home-design/prestige-property/geelong-home-market-heats-up-as-couples-escape-melbourne/news-story/d33485977247651d469f8a0e19e4a519

Geelong home market heats up as couples escape Melbourne

Geelong was the seventh-highest region for capital gains in the year to October, with 14.7% growth in dwelling values.

The Australian

http://www.afr.com/real-estate/residential/vic/melbourne-land-price-surge-puts-affordability-under-pressure-20171130-gzwi4g

Melbourne land price surge puts affordability under pressure

Melbourne's long-held status as the country's most affordable new housing market is under severe threat with median lot prices hitting $300,000, pushing the total cost of building a new house to over $500,000.