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Queensland (Qld)Brisbane

Two Brisbane Corso properties sold under the hammer for record prices

Susie O'Neill's riverfront home sold for a Yeronga 2020 sale record. Sold by Ray White New Farm.

Victoria (Vic.)Melbourne Brighton

Featured Property

Low maintenance Brighton luxury sold after 2 lockdowns

Sold by Chelsie Cargill and Alex Schiavo of Kay & Burton, who told WILLIAMS MEDIA, “We had every buyer type interested in this property.”

Victoria (Vic.)

Politics

REIV calls for independent review on Government roadmap

The Real Estate Institute of Victoria (REIV) has called for an independent review of the roadmap out of COVID-19 restrictions, announced by the Andrews government.

Queensland (Qld)Western Australia (WA)

Politics

Queensland the shining light with their emergency tenancy legislation

As each state struggles, dealing with rental moratoriums and tenancy legislations, REIWA has noted Queensland are leading the way.

National

The Economy

Investors must do this key step before the October 31 deadline

Depreciation on your rental property is a lucrative deduction you can claim each financial year, say BMT Tax Depreciation.

National

The Economy

Warning on Australia's investment danger zones

RiskWise Property Research has identified the Top 10 ‘Danger Zones’ areas in Australia for high settlement and cash flow risk.

New South Wales (NSW)

The Economy

New COVID normal hitting NSW rental market: REINSW

The August Vacancy Rate Survey is showing the worst may be over, according to REINSW CEO Tim McKibbin.

The Economy

Rentals near the city getting cheaper: CoreLogic

The onset of COVID-19 may be creating a two-speed rental market, with inner-city rents declining faster than those in the outer suburbs, according to CoreLogic.

Victoria (Vic.)Melbourne

People

Get to know Ericka Wong of The Agency

“What drives me most is that human connection and real estate is the vehicle that gives me fulfilment in helping others reach their property goals.”

Northern Territory (NT)

People

REINT awards are now fully booked

Other events have been COVID-cancelled but the REINT 2020 Awards for Professional Excellence are still going ahead, REINT CEO Quentin Kilian told WILLIAMS MEDIA.

Pages

News Roundup

http://www.afr.com/real-estate/41-apartment-owners-selling-site-in-sydneys-macquarie-park-20170606-gwlwmq?eid=Email%3Annn-16OMN00050-ret_newsl-membereng%3Annn-06/09/2016-MarketWrap5PM-dom-business-nnn-afr-u&et_cid=29080966&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/real-estate/41-apartment-owners-selling-site-in-sydneys-macquarie-park-20170606-gwlwmq%3Feid%3DEmail%3Annn-16OMN00050-ret_newsl-membereng%3Annn-06%252F09%252F2016-MarketWrap5PM-dom-business-nnn-afr-u&Email_name=MW5-06-07&Day_Sent=07062017

Owners selling site in Sydney's Macquarie Park

Macquarie Park in north-west Sydney continues to evolve into a residential suburb, after another 41 apartment owners banded together to sell three unit blocks in one line with hopes of $65m.

The Australian Financial Review

https://www.businessinsider.com.au/australian-property-values-have-risen-nearly-350-in-the-last-20-years-but-there-has-been-two-downturns-2017-6

Australian property values have risen nearly 350% in the last 20 years with two downturns

Sometimes it’s easy to forget there have been bumps along the property road, despite the broad upward trend.

Business Insider

https://www.mortgagebusiness.com.au/breaking-news/11169-fhbs-need-to-save-40-years-for-deposit-ubs?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin07_06_17&utm_medium=email&utm_content=1

FHBs need to save for 40 years for deposit: UBS

It could take ‘typical’ first home buyers 40 years to save enough for a Sydney home deposit, a new report has found.

Mortgage Business

http://www.abc.net.au/news/2017-06-06/the-labor-party-the-chinese-developer-and-seat-in-nsw-parliament/8593684

The Labor Party, Chinese property developer Huang Xiangmo, and the seat in the NSW parliament

"Every donor expects a pound of flesh in return for their contribution, but in China it's a little more than that," China expert Professor John Fitzgerald told 7.30.

ABC

http://www.afr.com/real-estate/brisbane-developer-forceone-offers-a-free-car-to-apartment-buyers-20170607-gwm4x8

Brisbane developer ForceOne offers a free car to apartment buyers

Brisbane developer ForceOne Development is throwing in a Toyota Yaris for each of the next 10 apartment purchases before June 30 but says it's not desperate.

The Australian Financial Review

http://www.mansionglobal.com/articles/64640-vancouver-home-sales-hit-record-high-while-toronto-tumbles?mod=mansion_global_articles_en_wsj_home

Vancouver Home Sales Hit Record High, While Toronto Tumbles

Ontario’s recent government regulations may be taking their toll.

Mansion Global

http://www.theaustralian.com.au/business/property/foreign-buyers-tax-to-have-little-impact-say-analysts/news-story/e628b4c5c09766e7c48638b3f820a44a

Foreign buyers tax to have little impact, say analysts

Sydney was still a lot cheaper than Hong Kong, Shanghai and Singapore; the measures will bring Sydney more in line with other countries in Asia and Canada.

The Australian

http://www.smh.com.au/comment/housing-affordability-package-gives-voters-what-they-want-but-not-what-they-need-20170605-gwkg0r.html

Housing affordability package gives voters what they want but not what they need

Both the Victorian and NSW governments are doing what voters say they want, but voter instincts about the best policies to improve housing affordability are misguided.

The Sydney Morning Herald