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John McGrath - Home values show resilience in virus-impacted economy

John McGrath, founder and executive director of McGrath Estate Agents, draws comfort on how Australian real estate has performed in past financial crises.

New South Wales (NSW)

Featured Property

REAL Specialists: Hampton style living at Banora Point

Freshly renovated and encapsulating coastal living this Banora Point home is for sale through Brent Hodge of REAL Specialists.

Queensland (Qld)Brisbane

Featured Property

The next chapter for iconic Camp Hill residence 'The Grange'

Offering skyline views and historic charm, this spacious Queenslander is for sale by Sarah Hackett of Place Bulimba.

Queensland (Qld)Brisbane

Featured Property

Aussie swimming legend Susie O’Neill lists riverside home

The timeless Harry Poulos designed home is for sale by Christine Rudolph of Ray White New Farm.

Victoria (Vic.)Melbourne

Featured Property

Parkside St Kilda home with bay views

Set across two separate titles, this extended and modernised Edwardian is the epitome of versatility. For sale by Sam Hobbs and Jesse Raeburn of The Agency.

Victoria (Vic.)Melbourne

People

Léo Terrando SJB Interiors’ Melbourne studio Director

“I’m really obsessed with how things take form and talk to each other.” Léo Terrando SJB.

Queensland (Qld)Brisbane

Featured Property

"New levels" for Ascot as contemporary family home sells for over $7m

Sold by Matt Lancashire and Hamish Bowman of Ray White New Farm, who told WILLIAMS MEDIA, “The high end prestige market has been very active throughout COVID.”

New South Wales (NSW)Sydney

Featured Property

Grand Woollahra residence sold for $8.1m

Sold by Ben Collier of The Agency who told WILLIAMS MEDIA, “We are still seeing prices being achieved that would be seen as strong results pre Covid.”

Victoria (Vic.)Melbourne

Featured Property

‘Overwhelming amount of enquiry’ for Toorak family home

The Skulptur Architecture and Interiors home was sold by Oliver Booth, Nicole Gleeson and Nicky Rowe of Kay & Burton via an EOI campaign.

Victoria (Vic.)Melbourne

Featured Property

Prized Dorrington Estate home sold by Kay & Burton

Sold by Nicole Gleeson, Nicky Rowe and Gowan Stubbings of Kay & Burton, who told WILLIAMS MEDIA, “If the buyers are ready to buy, it’s just a matter of finding the right property and they will transact!”

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News Roundup

http://www.theaustralian.com.au/opinion/columnists/sam-dastyari-video-on-what-1m-buys-in-sydney-is-offensive/news-story/b6c5d743b2a3ba75018917509055d836?utm_source=The%20Australian&utm_medium=email&utm_campaign=editorial&utm_content=TodaySHeadlines

Sam Dastyari video on what $1m buys in Sydney is offensive

In his Facebook video about housing affordability, Senator Sam Dastyari has mocked people’s homes to make a point.

The Australian

http://www.theaustralian.com.au/business/economics/rbas-key-concern-is-household-spending/news-story/bbf130f1d6a944cea616e9593b86bb8d

RBA’s key concern is household spending

Australia’s soaring household debt levels have made the economy less resilient to shocks, says the RBA.

The Australian Financial Review

https://www.domain.com.au/news/original-art-deco-home-of-betts-shoe-empire-family-for-sale-in-perth-for-3mplus-20170503-gvxcb0/

Art deco home of Betts shoe family for sale in Perth for $3m+

With a room just for shoes, a converted ballroom and a wine cellar, the Menora mansion once owned by the Betts shoe empire family is on the market.

Domain

http://www.afr.com/real-estate/badgerys-creek-a-lottery-win-for-poor-mans-acreage-20170502-gvxtma

Badgerys Creek a lottery win for poor man's acreage

Mark Perich, who has lived his entire life over the road from where the government will build the Western Sydney Airport at Badgerys Creek, will be one of the big winners from the plan.

The Australian Financial Review

https://www.theguardian.com/australia-news/2017/may/03/eye-watering-prices-australias-housing-affordability-crisis-laid-bare?CMP=soc_568

'Eye-watering prices': Australia's housing affordability crisis laid bare

Mortgages now soak up 42% of average income in Sydney, 37% in Melbourne, and 23% in Brisbane, with other capitals around 20%.

The Guardian

http://www.afr.com/real-estate/commercial/hotels-and-leisure/airbnb-took-from-us-we-will-take-from-them-accor-ceo-20170504-gvynfd

'Airbnb took from us, we will take from them': Accor CEO

But the boss of Europe's biggest hotel group said he is tapping into Airbnb territory, by acquiring digital businesses and adapting its own business model to compete.

The Australian Financial Review

http://www.afr.com/real-estate/citi-sees-house-prices-falling-as-much-as-7pc-as-housing-boom-unwinds-20170502-gvxuj3

Citi sees house prices falling up to 7% as housing boom unwinds

House prices could fall as much as 7% by 2018 as lending curbs bite and household debt is lowered, according to Citi.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/demand-for-property-drops-rea-figures-show/news-story/0ce5f4b2068218f557b524b9c1983ed3

Demand for property drops, REA figures show

NSW witnessed the biggest drop in property demand in the nation in April, as unaffordability cut buyers out of the Sydney market.

The Australian