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Home owners with $10.5 billion defects bill from past decade, says report

A new report has found has repair costs for new home owners have totalled $10.5 billion over the past decade as poor construction standards have left them battling leaks, cracks and other problems.

International

People

Barfoot & Thompson Auckland wins 2019 REINZ Large Agency of the Year Award

The Real Estate Institute of New Zealand (REINZ) has named Barfoot & Thompson as 2019 REINZ Large Agency of the Year Award at the REINZ Awards.

Victoria (Vic.)Melbourne

People

Agents join forces to shake up Whitehorse property market

Jellis Craig has welcomed new representation in the eastern suburbs of Melbourne.

Victoria (Vic.)Melbourne

Featured Property

Refined Albert Park terrace

Situated on one of Melbourne's most prestigious streets, this elegant residence offers breathtaking city views and classic style. For sale by Warwick Gardiner and Jansen Spencer of Greg Hocking Holdsworth.

Western Australia (WA)

People

Ray White wins big at REIWA Awards

Ray White has taken out top honours at the Real Estate Institute of Western Australia 2019 Awards Ball held on the weekend.

The Economy

New report outlines impact of mortgage debt on older Australians

A new report from the Australian Housing and Urban Research Institute has highlighted the implications of older Australians carrying mortgage debt into retirement.

International

People

Aaron Davis appointed Harcourts New Zealand National Auction Manager

Experienced auctioneer Aaron Davis has been named National Auction Manager for Harcourts New Zealand.

Queensland (Qld)Brisbane

Featured Property

Timeless residence with Asian influence and panoramic views

This sprawling Brisbane family home showcases a stunning outlook from its position atop Mt Nebo. For sale by Joseph Lordi of McGrath Gumdale.

People

Realmark rookie takes out the top spot

Realmark star performer Ryan Smith stole the show at the REIWA awards last weekend, taking out the Number 1 position for Top WA Listing Rookie of the Year.

The Economy

Clearance rates reach new heights in latest auction results

Buyers continue to be out in force during the final weeks of winter, with the latest preliminary results from CoreLogic indicating the capital city clearance rate for the week ending August 25 could surpass the previous week's mark.

Pages

News Roundup

http://www.theaustralian.com.au/business/property/7bn-to-kick-residential-goals-at-north-melbournes-arden-precinct/news-story/a0f73a97c2efa390743b462dc1b54069

$7bn to kick residential goals at North Melbourne’s Arden precinct

The Vic government has unveiled a $7bn plan to revive Arden in North Melbourne over 30 years, boosting housing supply around the new metro station in a currently industrial area.

The Australian

http://www.huffingtonpost.com.au/2016/08/31/renting-in-australia-one-country-eight-different-rules/

Renting In Australia: One Country, Eight Different Rules

'The Lucky Country' for renters depends on which state/territory you live in.

The Huffington Post Australia

http://www.afr.com/real-estate/residential/nsw/matt-shirvingtons-mosman-home-sells-for-42-million-20160901-gr72kw

Matt Shirvington's Mosman home sells for $4.2

Former Olympian Matt Shirvington and his wife Jessica may have had a few false starts selling their Mosman home, but the campaign ended in a sprint this week with bidding from three potential buyers.

The Australian Financial Review

http://www.afr.com/business/tax-reform-package-20160829-gr468u

Former ASX CEO says introduce capital gains on family home

Funke Kupper says Australia has the brains to come up with equitable tax reform that can win community support.

The Australian Financial Review

http://www.mortgagebusiness.com.au/breaking-news/10221-major-lender-sounds-warning-on-housing-market?utm_source=MortgageBusiness&utm_campaign=01_09_16&utm_medium=email&utm_content=1&mc_cid=7f3f69e579&mc_eid=dcacb0b85f

Major lender sounds warning on housing market

Fewer foreign buyers and slower population growth will cause Australian house prices to cool as oversupply sets in, but a housing 'crash' is unlikely, says NAB global head of research Peter Jolly.

Mortgage Business

http://www.afr.com/real-estate/sydney-property-a-tale-of-two-cities-as-more-passed-in-than-sold-at-parramatta-20160830-gr4z8i#ixzz4ItHXvwxU

Sydney property a tale of two cities

Auctions in Parramatta are not be as buoyant as the eastern suburbs.

The Australian Financial Review

http://www.architectureanddesign.com.au/news/csiro-s-new-solar-system-to-help-australians-manag?mid=45cd955c6d&utm_source=Newsletter%20Lists&utm_campaign=374617671f-Architecture%20and%20Design%20Newsletter%20-%20201&utm_medium=email&utm_term=0_3aac924711-374617671f-100081773

New CSIRO new solar system helps Australians lower bills

A new hybrid solar storage system designed for homeowners will be available in January next year.

Architecture & Design

http://www.afr.com/real-estate/mission-australia-macquarie-capital-consortium-to-develop-affordable-housing-20160831-gr5jnu

Mission Australia, Macquarie to develop affordable housing

The City of Sydney has approved a conditional sale of the Marian Street Depot in Sydney's Redfern to the FutureLiving Consortium, led by Mission Australia and Macquarie, for conversion into 150 affordable units.

The Australian Financial Review