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Featured Property

c.1890 Ascot Queenslander sold by Place in 1 week

The stunning Towers Street home sold by Patrick McKinnon and Jill Wright of Place Ascot sits on approx 771sqm close to Brisbane’s CBD.

New South Wales (NSW)Sydney

Featured Property

Architect’s Ashfield family home sold prior to auction – The Agency

Designed by award-winning architect Rachel Neeson for her parents, the Tintern Road home sold above guide by Shad Hassen and Danny Hassen of The Agency.

Queensland (Qld)Brisbane

Featured Property

3,339sqm Brisbane riverfront property sold by Place New Farm

The expansive Shaun Lockyer designed Graceville home sold by Heath Williams and Ann-Karyn Fraser of Place New Farm for $6.75m.

National

People

Josh Cobb’s 3 easy ways to generate more leads

Josh Cobb, CEO of Stepps, knows how to help agents conquer their lead generation and master their digital marketing and personal brand strategies.

New South Wales (NSW)

The Economy

NSW drives strong demand for new housing into 2022

“Sales of new detached homes recorded an exceptionally strong quarter, led by Australia’s largest state,” stated HIA Economist Tom Devitt.

New South Wales (NSW)Sydney

The Economy

REINSW: You can’t tax something to make it cheaper

With voters heading to the polls on Saturday, housing affordability will be top of mind for many. But the NSW Government’s plan to introduce a new tax on property to somehow make it more affordable defies basic logic, says the Real Estate Institute of NSW (REINSW).

Western Australia (WA)Perth

People

New REIWA CEO

REIWA is pleased to announce it has appointed Cath Hart as its new Chief Executive Officer.

Queensland (Qld)Brisbane

People

A change of Place for Brisbane Bayside

Chief Executive Officer of Place Estate Agents Damian Hackett is excited to announce Glenn Bool as the new owner of the established Place office Manly.

National

The Economy

REIA hails reinsurance pool design as a win for home owners and renters

Real Estate Institute of Australia (REIA) has welcomed the Federal Government’s finalisation of the design of the reinsurance pool for cyclone and related flood damage.

National

Construction

Construction costs rising at the fastest annual pace since 2005 - CoreLogic

CoreLogic’s Cordell Construction Cost Index (CCCI) for Q4 2021 showed that despite an easing in the quarterly rate of growth, national construction costs increased 7.3% over the 2021 calendar year, the highest annual growth rate since March 2005.

Pages

News Roundup

http://www.afr.com/real-estate/mortgage-delinquencies-to-rise-moderately-as-house-prices-fall-ratings-agencies-20180412-h0ynrd

Mortgage delinquencies to rise moderately as house prices fall

Ratings agency Moody's has warned mortgage delinquencies will increase moderately in 2018 as house prices soften, especially against low wage growth, and possible interest rate hikes.

The Australian Financial Review

https://www.architecturaldigest.com/gallery/tour-homes-norman-foster-frank-gehry-famous-architects?mbid=nl_04112018PM_Weekly&CNDID=22176954&spMailingID=13289320&spUserID=MjM4ODc1NTYxNTY2S0&spJobID=1380892180&spReportId=MTM4MDg5MjE4MAS2

Tour the Homes of Norman Foster, Frank Gehry, and Other Famous Architects

Walk through the stunningly designed spaces that legendary architects call home.

Architectural Digest

http://www.afr.com/real-estate/sydney-land-prices-fall-for-first-time-in-two-years-as-melbourne-hits-new-high-20180412-h0yoin

Sydney land prices fall for first time in two years as Melbourne hits new high

Sydney land prices fell 6.3% in the December quarter – nearly three times the decline of the overall residential land market.

The Australian Financial Review

https://www.teachermagazine.com.au/articles/the-worlds-most-innovative-school-architecture

The world’s most innovative school architecture

The German School is the largest civil architecture project by German architects abroad, and won an World Architecture Festival prize in 2016

Teacher

http://www.afr.com/real-estate/residential/vic/melbourne-land-crisis-deepens-as-median-residential-lot-price-hits-346000-20180411-h0ylx5

Melbourne land crisis deepens as median residential lot price hits $346,000

Rampant lot price growth in Melbourne's outer suburbs is showing no sign of slowing down, with the median lot price up nearly $100,000 or 39% in 12 months.

The Australian Financial Review

https://www.theaustralian.com.au/business/property/ahuri-backs-incentives-for-affordable-homes/news-story/42d24c3e8b1607c8c79e7d0b1e39f35e

AHURI backs incentives for affordable homes

Incentives and density bonuses for developers can help create more affordable housing for low income groups, following the experience of the US and Britain.

The Australian

http://www.abc.net.au/news/2018-04-11/real-estate-agent-crowdfunds-rent-pension-issues/9636184

Real estate agent crowdfunds client's rent after pension cut

Dark Holbrook fell behind with his rent after Centrelink mistakenly believed he was receiving an allowance from the UK where he once served in the military.

ABC

http://www.afr.com/real-estate/future-is-unclear-for-kushner-companies-666-fifth-avenue-office-tower-20180411-h0ylv3

Future is unclear for Kushner Companies' 666 Fifth Avenue office tower

Kushner Companies has been in a very public, three-year hunt for an investor to take over part of the Fifth Avenue office tower's $1.8 billion mortgage.

The Australian Financial Review