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REIA welcomes state of the Nation’s Housing Report

The Real Estate Institute of Australia President, Adrian Kelly said this is the first assessment of housing demand and supply across Australia since the National Housing Supply Council (NHSC) was abolished at the end of 2013.

National Australian Capital Territory (ACT)New South Wales (NSW)Northern Territory (NT)Queensland (Qld)South Australia (SA)Tasmania (Tas.)Victoria (Vic.)Western Australia (WA)

The Economy

CoreLogic Quarterly Economic Review: November quarter data reveals contributors to post-pandemic property recovery

Today CoreLogic releases its latest Quarterly Economic Review which unpacks the recent recovery trend in housing market values observed in the months to November 2020.

National

The Economy

John McGrath – End-of-Year Wrap: Prices Up in 2020 Despite Pandemic

John McGrath, founder and executive director, McGrath Estate Agents reviews the 2020 property market.

Queensland (Qld)Brisbane

Featured Property

Premium Burbank acreage sold - Queensland Sotheby's

Directly adjacent to prestige gated community Araluen The Estates 190 Ford Road Burbank sold by Malcolm Li of Queensland Sotheby's International Realty.

National

The Economy

Re-elected REIA President, Adrian Kelly says members are reporting strong recovery after challenging year

The Real Estate Institute of Australia President, Adrian Kelly and Deputy-President, Hayden Groves re-elected after providing strong leadership in a challenging year.

New South Wales (NSW)

The Economy

Jindabyne mortgagee sale hits $79k over reserve

A Jindabyne unit earmarked for a mortgagee sale has sold for $79,000 above reserve using online sales platform Openn Negotiation.

National

The Economy

REIA REMF Report - Australia's housing market proves resilient over 2020 with price rises in most States

The Real Estate Institute of Australia President, Mr Adrian Kelly said over the September quarter, the weighted average capital city median price increased by 0.4% for houses and by 0.7% for other dwellings.

Northern Territory (NT)

The Economy

Alice Springs sets the bar in real estate says REINT

2020 has been an outstanding year for Territory real estate, but it’s not over yet and Alice Springs has delivered an amazing finish to the year with 114 properties settled in October and November alone, Mr Andrew Doyle Southern Representative for the Real Estate Institute of Northern Territory REINT.

Western Australia (WA)Perth

The Economy

Openn Negotiation brings solid results for WA agency

Realmark Coastal’s, Dean Bradley has made his first foray into the innovative Openn Negotiation sales method with the campaign of a property at 56 Daglish Street, Wembley in WA.

National

The Economy

John McGrath – Australia’s Great Regional Relocation

John McGrath, founder and executive director, McGrath Estate Agents looks at how the events of 2020 have created a great regional relocation, as people seek the fresh air and space of regional areas.

Pages

News Roundup

http://www.afr.com/opinion/columnists/bankers-to-feel-a-chill-as-china-extends-capital-crackdown-20170807-gxrbwr

Bankers to feel a chill as China extends capital crackdown

Some big, high-flying Chinese corporates could soon be seeking to offload some of their Australian assets.

The Australian Financial Review

http://www.afr.com/real-estate/commercial/development/as-beijing-gets-tough-wanda-tests-market-for-2-billion-australian-exit-20170807-gxr458

As Beijing gets tough Wanda tests market for $2 bn Australian exit

China's Dalian Wanda Group, which is under pressure to crimp its offshore expansion and facing a freeze on bank lending at home, is fielding offers for its two giant development projects in Australia.

The Australian Financial Review

https://www.mortgagebusiness.com.au/breaking-news/11328-mortgagors-increasingly-worried-over-rates-and-repayments-bank-finds?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin01_08_17&utm_medium=email&utm_content=4

Mortgagors increasingly worried over rates and repayments, bank finds

According to ME’s most recent Household Financial Comfort Report, the level of optimism about future financial comfort has dropped by 4% over the 18 months to June 2017.

Mortgage Business

http://www.afr.com/real-estate/construction-speeds-up-july-at-fastest-pace-in-12-years-commercial-work-jumps-20170806-gxqlog

Construction speeds up at fastest pace in 12 years

Construction activity expanded in July as commercial work grew at its fastest pace in 12 years and detached house building also sped up, shows the Performance of Construction Index.

The Australian Financial Review

https://www.mortgagebusiness.com.au/breaking-news/11351-easing-restrictions-could-encourage-more-islamic-lending-options?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin07_08_17&utm_medium=email&utm_content=2

Easing restrictions could encourage more Islamic lending options

A loosening of regulations on trade taxes could encourage a greater range of Islamic financing options in the market, a major Islamic mortgage manager has said.

Mortgage Business

http://www.theaustralian.com.au/life/home-design/prestige-property/noosas-residential-real-estate-market-hits-pregfc-levels/news-story/5ed7295c80e67bc58e76f3abc032210b

Noosa’s residential real estate market hits pre-GFC levels

Noosa’s residential real estate market is returning to its pre-GFC levels, with the arrival of a wave of enterprising cashed-up buyers.

The Australian

https://sourceable.net/the-new-dbdrv-is-now-the-first-port-of-call/

A government agency has been created in Vic to assist with disputes between owners and builders

An independent government agency has been created to help with disputes between owners and builders about defective or incomplete work, building construction delays, payment issues, and contracts.

Sourceable

https://www.dezeen.com/2017/08/04/fire-torch-tower-dubai-skyscraper-cladding/

Blaze tears through Dubai tower, again

A fire broke out at one of Dubai's tallest skyscrapers in the early hours of Saturday morning, causing the evacuation of over 600 residences, and reigniting debate about the safety of materials used in high-rise buildings.

Dezeen