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Sydney's most expensive property has sold for $140m

Kylie Rampa CEO of Property Lendlease says the $140 million sale of the One Sydney Harbour penthouse and sub-penthouse presents a paradigm shift in Australian property smashing $100,000 per square metre.

People

Real Estate Institute turns 100

The Real Estate Institute of South Australia, better known as REISA, is turning 100 and they are ready to celebrate.

National

The Economy

CBA report says home buying intentions rise sharply

Monetary policy stimulus is clearly working for the housing market, according to Michael Blythe Commonwealth Bank latest Household Spending Intentions series.

Western Australia (WA)Perth

Featured Property

Vibrant Bicton home with the 'wow factor'

This spacious Perth home has eye-catching street appeal and delivers personality in spades. For sale by Nikki Gogan and Aidan Casey of Caporn Young Fremantle.

National

The Economy

As population grows, house affordability diminishes

Strong population growth to deteriorate affordability in Sydney and Melbourne, according to Riskwise

National

The Economy

Fixed rate home loans remain unpopular

Demand for fixed rate home loans was stable in October, reveals data from Mortgage Choice.

National

People

Warning against spruikers by industry bodies

Industry bodies - PIPA and PICA - join forces to issue spruiker warning

New South Wales (NSW)

Featured Property

Panoramic Brisbane Waters views: ‘Jacaranda’

At the height of sophistication, this Central Coast residence showcases the ultimate in luxury living in an iconic waterside setting. For sale by Tim Andrews and Meredith Spencer of LJ Hooker Terrigal.

National

Construction

Compass heading in the right direction

Compass Offices has hit the ground running since starting in Australia six years ago and looks to have a bright future in the country.

National

The Economy

Australian property developer to receive major tech revamp

AVJennings signs with TechnologyOne to build out its digital transformation

Pages

News Roundup

http://www.afr.com/real-estate/residential/sellers-in-offmarket-sales-10-per-cent-worse-off-says-leading-agent-20161109-gsl6rs

Sellers in off-market sales 10% worse off, says agent

People selling their houses "off-market" are missing out on up to 10% of their property's true value, a leading agent has claimed.

The Australian Financial Review

http://www.afr.com/real-estate/residential-valuers-a-dying-breed-with-growth-in-big-data-20161107-gsjgue

Residential valuers a dying breed with growth in big data

Residential property valuers could soon be extinct unless they change their business model, says head of Australian Property Institute.

The Australian Financial Review

http://www.afr.com/real-estate/millennials-want-cheaper-homes-and-better-office-design-20161108-gskmm3

Millennials want cheaper homes and better office design

To attract the next generation of property consumers, developers have to build much cheaper housing, says CBRE.

The Australian Financial Review

http://www.domain.com.au/news/architecture-blogger-explains-why-mcmansions-are-terrible-20161108-gskb08/

Architecture blogger explains why McMansions are terrible

Architecture writer, Kate Wagner, hopes to educate and amuse with her blog, McMansion Hell.

Domain

https://au.finance.yahoo.com/news/which-aussie-city-offers-the-cheapest-rent-013035969.html

Which Aussie city offers the cheapest rent?

Melbourne is one of the cheapest places in Australia to rent an apartment or house, according to rent.com.au.

Yahoo! Finance

http://www.domain.com.au/news/bad-news-for-investors-with-apartment-rent-to-fall-in-sydney-valuer-wbp-says-20161109-gskzn9/

Apartment rents set to fall in Sydney, valuer WBP says

Sydney renters are in for a better time but investors and developers will suffer as the growing supply of apartments pushes rents down and weakens banks’ willingness to lend for new developments.

Domain

http://www.mansionglobal.com/articles/44547-economic-and-political-uncertainties-dampen-luxury-home-prices-globally?mod=mansion_global_articles_en_wsj_home

Economic and political uncertainties dampen luxury home prices globally

Major cities saw housing prices grow at a slower pace in the third quarter.

Mansion Global

http://www.realestatebusiness.com.au/breaking-news/11284-mcgrath-slams-short-sighted-foreign-buyer-tax?utm_source=RealEstateBusiness&utm_campaign=07_11_16&utm_medium=email&utm_content=2

McGrath slams ‘short-sighted’ foreign buyer tax

Real estate mogul John McGrath has called “hefty” taxes on overseas buyers “one of the most short-sighted initiatives” he’s seen.

Real Estate Business