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New South Wales (NSW)Sydney

Featured Property

Federation sandstone home in Sydney's Longueville has leafy outlook to Tambourine Bay

This classic Federation home is for sale by Simon Harrison and James Bennett of Belle Property Lane Cove.

National

The Economy

Melbourne market is still very active at the high end: Chris Savvides, Jellis Craig Doncaster

Auction data shows the Melbourne market continues to outpace Sydney.

Victoria (Vic.)Melbourne

Construction

Demolishers of Corkman Pub sue planning minister

The developers who illegally knocked down the historic Corkman Irish Pub in Melbourne without council approval are suing Planning Minister Richard Wynne in an attempt to gain approval to build a high-rise on the site.

National

Design

Barangaroo unanimously named development of the year

Barangaroo South has been named Development of the Year by the Urban Taskforce.

New South Wales (NSW)Sydney

Featured Property

Beyond the traditional facade of this compact terrace lies a contemporary extension and second storey

The classic facade of this tiny Leichhardt terrace opens to a stunning contemporary open-plan extension. The home is close to Norton Street, and is for sale through Michael Hallit and Simone Azzi of Belle Property Annandale.

International National

The Economy

'Super City' Sydney seventh on Knight Frank foreign investment list

Knight Frank's inaugural report, Active Capital – The Report 2017, which looks at foreign commercial real estate investment in ten 'Super Cities', lists Sydney in seventh place.

National

Design

EAC rebrands, introduces new video marketing tools

Estate Agents Co-Operative has rebranded its business, and brought in a range of new technologies to lower costs and boost services for its agent members.

Victoria (Vic.)Melbourne Collingwood

Featured Property

A Collingwood warehouse conversion where elegant meets industrial

This boutique apartment with stunning interiors in Melbourne's Collingwood is on the market with Damian Ponte and Rick Daniel of Nelson Alexander Brunswick for between $1.1 million and $1.2 million.

National

The Economy

How to prepare for higher interest rates

With the Reserve Bank signalling the cash rate is headed higher, borrowers are advised to prepare for higher rates by calculating how they will be affected, paying off debt now while rates are low, and considering fixing, says Patrick Nolan of ME Bank.

Western Australia (WA)Perth

The Economy

Auctions achieve quicker sales in Perth

It takes around 70 days to sell a property by private treaty in Perth, says Hayden Groves, president of the REIWA, but sellers who go to auction are achieving sales in as few as 28 days.

Pages

News Roundup

http://www.theaustralian.com.au/business/historic-debt-level-sparks-fears-of-what-may-happen-in-new-gfc/story-e6frg8zx-1227263826846

Historic debt level sparks fears

Household debt is higher in Australia than anywhere else in the advanced world, exposing the economy to risks in the event of another financial crisis.

The Australian

http://www.businessinsider.com.au/a-developer-paid-nearly-double-the-reserve-for-an-ordinary-suburban-house-in-sydneys-insane-property-market-2015-3

Gladesville home sells for $1.1M above reserve

A developer paid nearly double the reserve for an ordinary suburban house in Sydney's insane property market. 1 Stansell Street, Gladesville sold for $2.85 million – a staggering $1.1 million above the reserve.

Business Insider Australia

http://www.architectureanddesign.com.au/news/elenberg-fraser-s-211m-skyscraper-approved-for-mel

211m skyscraper approved for Melbourne CBD

Elenberg Fraser’s 380 Lonsdale Street twin towers, located on the northern end of Lonsdale Street, have been approved by Victoria’s new Planning Minister Richard Wynne, making it his first skyscraper approval for Melbourne since Labor came into power last November.

Architecture & Design

http://www.dailymail.co.uk/news/article-2993336/Will-Gen-Y-home-Australia-s-agents-forecast-tough-times-ahead-two-young-couples-share-struggle-enter-property-market.html

Will Gen Y ever own their own home?

As thousands of young Australians look to buy their first home, it may be Generation Y that suffers the most as skyrocketing property prices preventing them from entering the market. A survey of real estate agents around the country revealed that 60% believe the Australian dream of owning your home is becoming less obtainable, and young Australians could be forced to rent long-term as residential property prices jumped an average of 6.8% in the last 12 months.

Daily Mail

http://www.businessinsider.com.au/mark-zuckerbergs-real-estate-lawsuit-2015-3

Facebook creator in legal battle over property

Facebook creator Mark Zuckerberg is in the midst of an increasingly revealing legal battle regarding a home purchase he made in 2013. Zuckerberg reportedly scooped up the four houses adjacent to his Palo Alto home when he heard that developer Mircea Voskerician planned to build a large, 9,600-square-foot house on one of the lots behind his property. Voskericia now claims that the billionaire never followed through on an agreement the two had made in secret.

Business Insider

http://www.architectureanddesign.com.au/news/nsw-election-2015-gbca-urges-all-political-parties

GBCA pushes sustainability agenda in NSW

The Green Building Council of Australia has urged all political parties in New South Wales to ‘seize the sustainability agenda’ ahead of the polls. The state is second only to Victoria in terms of Green Star ratings.

Architecture & Design

http://www.rebonline.com.au/breaking-news/8787-federal-court-to-rule-on-1-real-estate-strategy?utm_source=Real%20Estate%20Business&utm_campaign=Real_Estate_Business_Bulletin16_03_2015&utm_medium=email

Federal Court to rule on $1 real estate strategy

Federal Court proceedings have been instituted against a property company that has allegedly told consumers it can buy houses for $1. The Australian Competition and Consumer Commission alleges We Buy Houses and Rick Otton have contravened Australian Consumer Law.

REB

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11417071

Auckland's real estate fail

Auckland recorded the strongest growth in house prices, nearly twice the national average, but is third from bottom of the class in per capita GDP growth over those seven years.

New Zealand Herald