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Sales of super-prime properties with tennis courts spike in 2020 due to COVID-19 lifestyle changes

Knight Frank has released its first Australian Residential Tennis Court Premium report. The research found sales of super-prime properties with tennis courts spiked in 2020 during COVID-19, with $682.8m transacting across 38 sales, up 230% on a weak 2019.

Victoria (Vic.)Melbourne

Featured Property

Period icon designed by the Melbourne Town Hall architect is on the market – The Agency

The historic home was originally designed by Joseph Reed in 1864 and has been updated by Nonda Katsalidis. For sale by Peter Kakos and Ericka Wong of The Agency.

Queensland (Qld)Brisbane

Featured Property

Former home of Bart Cummings for sale in Hendra - Place

This circa 1900 Californian bungalow with luxe modern renovations is for sale by Patrick McKinnon of Place Ascot.

Victoria (Vic.)Melbourne

Featured Property

Kew East family masterpiece with an architectural edge – The Agency

Promising splashes of European inspiration over 3 breathtaking levels, this expansive home is for sale by Ben Hughes, Ericka Wong and Michael Paproth of The Agency.

Victoria (Vic.)Melbourne

People

Get to know Tom Staughton Partner at Kay & Burton

Once one of the company's Rising Stars, Tom Staughton is now a partner who takes inspiration from his young family.

Queensland (Qld)Brisbane

Featured Property

Yet to be constructed Camp Hill Hamptons home sold for $2.35m - Place

Photos used in the marketing campaign were renders, showing every component that will be included in the home. Sold by Shane Hicks of Place Bulimba.

New South Wales (NSW)

The Economy

Small fluctuations in rental vacancies welcome the New Year - REINSW

REINSW Vacancy Rate Survey results for January 2021 show that rental vacancies across the major metropolitan markets remain largely stable.

Victoria (Vic.)

The Economy

New rental standards risk even tighter regional rental market - REIV

The 120 new rental tenancy standards that come into effect from 29 March will trigger uncertainty, confusion and an unbalanced regulatory burden on the market.

Queensland (Qld)Gold Coast

Featured Property

Absolute beachfront Gold Coast apartment - REAL Specialists

Ideal for a holiday home, a comfortable permanent residence or a prime investment property in a sought-after locale, this top-floor apartment is for sale by Wayne Bisgrove of REAL Specialists.

National

The Economy

Home sales surging and more to come

“Home buying activity has surged over the past week with the clear prospect of strong market conditions continuing" says Dr Andrew Wilson – Chief Economist at AI property intelligence platform Archistar.

Pages

News Roundup

https://sourceable.net/more-apartment-glass-reins-down-on-melbourne-street/

Apartment Glass Rains Down on Melbourne Street

Glass from an apartment building has rained down on yet another Melbourne Street as debate rages over the issue of exploding glass.

Source able

http://thenewdaily.com.au/money/superannuation/2017/08/09/home-save-scheme-may-eat-super/?utm_source=Responsys&utm_medium=email&utm_campaign=20170810_TND

Home saver scheme may eat into your super before buying you a house

The government’s plan to allow first home buyers to use up to $30,000 of superannuation savings for a housing deposit could drain super accounts and cost savers more than using a bank account.

The New Daily

https://www.smartpropertyinvestment.com.au/news/16504-studio-apartments-proving-popular-for-property-owners?utm_source=SmartPropertyInvestment&utm_campaign=10_08_17&utm_medium=email&utm_content=2

Studio apartments proving popular for property owners

Studio apartments were once considered the lowly cousin of the one-bedroom, but today they are well-suited for the mature downsizer or young adults struggling to get a foot on the property ladder.

Smart Property Investment

http://www.afr.com/real-estate/cba-housing-debt-wa-elevated-home-loan-arrears-double-the-national-rate-20170809-gxsafb

CBA housing debt: WA 'elevated' home loan arrears double the national rate

WA leads the country in terms of problem home loans for CBA, with a 1.23% arrears rate that is twice the national average.

The Australian Financial Review

http://www.afr.com/news/politics/energy-retailers-hit-with-more-paperwork-for-customers-20170809-gxsa4u

Energy retailers hit with more paperwork for customers

Energy retailers will be required to tell households when they are coming to the end of a discount period.

The Australian Financial Review

https://www.mortgagebusiness.com.au/breaking-news/11361-entry-requirements-for-broking-too-low?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin09_08_17&utm_medium=email&utm_content=4

Entry requirements for broking ‘too low’

If brokers want to be held in the same light as solicitors and accountants, they need to be educated accordingly, says Brady Henley, MD One Plus One Financial Solutions.

Mortgage Business

http://www.afr.com/real-estate/flammable-cladding-used-on-buildings-far-and-wide-20170808-gxri8q

Flammable cladding in Grenfell Tower disaster found on buildings far and wide

For decades, architects and developers have put cheap, highly flammable wall panels on the exteriors of multi-storey buildings.

The Australian Financial Review

http://www.smh.com.au/business/property/that-whoosh-its-the-great-chinese-property-pullback-20170807-gxrfbc.html

That whoosh? It's the Great Chinese Property Pullback

Capital centres globally should brace for tumbling real-estate prices as Beijing makes it tougher to get money out of China, and amid increasing foreign-government scrutiny.

The Sydney Morning Herald