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Property listings on the increase from downturn

SQM Research has released figures showing residential property listings have increased over the month by two per cent, but there is a long way to go to match last year's figures.

Victoria (Vic.)Melbourne Brighton

Featured Property

Brighton penthouse with style, substance and sophistication

This penthouse residence offers absolute beachfront indulgence with spectacular city and water views. For sale by Nick Johnstone and Georgia Torelli of Nick Johnstone Brighton.

New South Wales (NSW)

The Economy

NSW rental vacancy rates buck the trend for October

Vacancies in Middle and Outer Sydney have risen a considerable 1.2 per cent in the month of October, according to REINSW

Victoria (Vic.)

Construction

Construction of Ritz reaches milestone as crane goes up

Geelong's Ritz development has entered a new phase of construction, with a crane making its debut on the site.

Queensland (Qld)Brisbane

The Economy

Residential developers return as Brisbane market shows signs of turnaround

The Brisbane property market has been widely tipped to bounce back from a slow down in development, according to Belle Property.

Victoria (Vic.)

Featured Property

1876 limestone estate: ‘Karacoum’

Featuring views to Delgany Castle, this beautiful home preserves the best of old Portsea with the modern comforts for beachside living. For sale by Liz Jensen and Lorna Duffy of Kay & Burton.

South Australia (SA)

The Economy

Optimism in housing market for South Australia, says REISA

Despite a low volume of sales, the Real Estate Institute of South Australia says median house prices are at record levels this quarter.

South Australia (SA)

People

Ouwens Casserly comes away with double win

Ouwens Casserly Projects has won the Urban Development Institute of Australia (UDIA) Marketing Excellence 2019 Award along with the 2019 REISA award for Project Marketing Developments

National

The Economy

September apartment building approvals on the rise

Building approvals for new apartments and units leapt by 16.1 per cent during the month of September according to Master Builders Australia.

National

The Economy

Confidence returning to housing market, says HIA

HIA's Affordability Index is reflecting a positive upturn and an improvement in Aussies being able to buy a house.

Pages

News Roundup

http://www.theaustralian.com.au/business/opinion/bernard-salt-demographer/hipster-migration-overhauls-cool-cafe-index/news-story/62c7e19abdfe1c645001d35c780d9828

Hipster migration overhauls Cool Cafe Index

By tracking where city’s coolest cafes are located, it might be possible to identify where residential property values might rise.

The Australian

http://www.ibtimes.com.au/australian-outback-beef-ups-bid-kidman-cattle-empire-3865-million-1532383

Australian Outback Beef ups bid for Kidman cattle empire

Australian Outback Beef has increased its offer to buy the S. Kidman cattle empire to $386.5 million, $500,000 higher than the BBHO syndicate's offer.

International Business Times

http://www.afr.com/real-estate/commercial/development/no-quick-profit-for-cowboy-developers-who-demolished-carlton-pub-20161027-gsc2lq

No quick profit for 'cowboy' developers who demolished Carlton pub

The Victorian government has acted quickly to prevent the "cowboy" developers who knocked down the Corkman Irish Pub without a permit from selling it.

The Australian Financial Review

http://www.smh.com.au/business/property/family-farm-in-australias-fastest-growing-suburbs-hits-95m-jackpot-20161025-gsa17b.html

Family farm in Australia's fastest-growing suburb hits $95m jackpot

A Melbourne couple have hit a farming jackpot after selling their Wyndham Vale sheep farm in the city's west for $95m million to Singapore-based Frasers Property.

The Sydney Morning Herald

http://www.afr.com/business/agriculture/the-four-bbho-families-battling-gina-rinehart-and-china-for-skidman--co-20161024-gs99ki

The four BBHO families battling Gina Rinehart and China for Kidman

When cattleman Sterling Buntine landed in Darwin on Monday, after travelling to Canberra to make a $386m bid for Australia's largest landholder, he turned the key in his semi trailer and headed for home, Alroy Downs, more than 1000km away.

The Australian Financial Review

http://www.smh.com.au/comment/scott-morrison-should-look-at-the-us-scheme-that-trumps-australia-on-affordable-housing-20161025-gsarrj.html

Scott Morrison should look at the US scheme that trumps Australia on affordable housin

In 1986, Reagan signed into law the Low Income Housing Tax Credit, which offers tax benefits to developers who build apartments rented below market rates, and is considered one of the most effective housing policies ever enacted.

The Sydney Morning Herald

http://www.theaustralian.com.au/business/property/mirvac-sounds-alarm-on-units/news-story/2dd9367e3506c5c1a1888b80d808b086

Mirvac sounds alarm on units

Mirvac yesterday revealed the number of apartments failing to settle has increased in recent months, raising fears about the sustainability of the nation’s apartment market.

The Australian

http://www.afr.com/real-estate/residential/boost-housing-supply-faster-by-focussing-on-transport-nodes-angus-taylor-says-20161025-gsacqt

Boost housing supply faster by focussing on transport

The Federal Government wants to work with state and local authorities to cut red tape and boost housing supply around transport hubs, Cities Minister Angus Taylor will tell an HIA summit today.

The Australian Financial Review