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REINSW: NSW Government 2020 Report Card

The REINSW has marked the NSW Government’s role in the property market in 2020 as a ‘fail’ but has identified five key ways it could perform to an A+ standard this year.

New South Wales (NSW)

The Economy

Coastal lots sell for record prices using Openn Negotiation

First National Yamba agents, Richard Hunt and Dave Grams brokered the deals using the online sales platform, Openn Negotiation.

National

The Economy

Rents recovering from COVID-19 impact - REIA

The December 2020 quarter CPI figures show that the rental market is recovering from the impact of the COVID pandemic, according to the Real Estate Institute of Australia.

Queensland (Qld)Brisbane

The Economy

Featured Property

Iconic Gatsby-Inspired Brisbane Home Leased in Record Time - Place

Place Estate Agents Ascots Business Development Manager Lucinda Owen has leased a well-known Hamilton home above asking price.

Queensland (Qld)Gold Coast

The Economy

Ray White Surfers Paradise Andrew Bell hails “the best ever” auction event in their 29 year history

Buoyed by the booming demand for Gold Coast property, Ray White Surfers Paradise Group has reported the most successful auction event in its 29-year history.

National

The Economy

John McGrath – Australia’s best performing suburbs in 2020

John McGrath, founder and executive director, McGrath Estate Agents takes a look at the suburbs that recorded the best capital growth in the East Coast capital cities and regions.

National New South Wales (NSW)

People

15 Leading Laing+Simmons members buy their Corporate entity

Laing+Simmons Corporation has been purchased by a partnership comprising members of the company’s head office team, including Managing Director Leanne Pilkington, and some of the network’s highest-profile and longest-serving principals, including D’Leanne Lewis, Ray Fayad and Nicholas Efrossynis, to name a few.

National

The Economy

Rental eviction moratoriums should be revisited by national cabinet - REIA

Real Estate Institute of Australia President, Adrian Kelly has said with rental evictions ending in some states and unemployment at 6.6% it is time for all the Covid-19 rental eviction moratoriums to be removed.

Victoria (Vic.)Melbourne

Featured Property

Designer Kew East residence offers parkside haven – Kay & Burton

Combining stunning aesthetics with form, function, and flexibility, this designer Melbourne home is for sale by Mark Sproule, Scott Patterson and Garrick Lim of Kay & Burton.

Queensland (Qld)Brisbane

Featured Property

Codd Stenders eco sanctuary balances self-sufficiency with luxury - Place

Blending into its natural surrounds, with views to the Brisbane River, this tri-level home is for sale by Sarah Hackett of Place Bulimba.

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