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Five Australian cities make top 30 luxury list

Knight Frank's Prime Global Cities Index includes five Australian cities.

Victoria (Vic.)

Featured Property

‘Balmara’: Beachside Peninsula living

Offering the pinnacle of coastal living, this spacious home includes multiple entertaining areas, tennis court, and a lavish poolside guest house. For sale by Michael Parker and Samuel McNeilage of RT Edgar Flinders.

Queensland (Qld)Sunshine Coast

The Economy

Record prices for absolute beachfront at Noosa

Tom Offermann Real Estate has seen records broken with their beachfront property sales.

Western Australia (WA)Perth

Construction

Ultra luxury residences ready to sell off the plan

One Subiaco is now selling off-the-plan with some new options available for review, says Perth developer Blackburne

National

The Economy

New revenue sharing program for real estate agents

@realty has launched an ambassador revenue sharing program for its agents.

Tasmania (Tas.)

Featured Property

‘Hatherley’: A home of grandeur and provenance

“Hatherley House is really quite unique. It literally reads like a Who's Who of early Australian history.” For sale by Gayle Walker and Jake McIntyre of Tasmania Sotheby’s International Realty - Greater Hobart.

National

The Economy

Property sentiment growing as house prices predicted to keep rising

Australians are feeling positive towards the current real estate market, according to findings from ME's third Quarterly Property Sentiment Report.

Queensland (Qld)Gold Coast

The Economy

Prestige development site on the market at Maudsland

This rural landholding is located within the Huntington Downs estate and is being sold by Ray White Special Projects.

New South Wales (NSW)

The Economy

Virtual agent sells luxury address in Western Sydney

The new Nepean Rise luxury apartment project in Jamisontown, just moments from Penrith CBD, is being sold by Emma, a virtual selling agent.

Queensland (Qld)Sunshine Coast

Featured Property

Cosmopolitan and private Noosa Waters family estate

"No expense has been spared or amenity forgotten in the design of this 6-star masterpiece." For sale by Nic Hunter and Michael McComas of Tom Offermann Real Estate Noosa Heads.

Pages

News Roundup

http://www.afr.com/real-estate/residential/concerns-of-oversupply-of-new-apartments-in-melbourne-brisbane-rba-20161103-gsgzs5

'Concerns of oversupply' of new apartments in Melbourne, Brisbane: RBA

But Sydney's new apartment hotspots show little signs of oversupply.

The Australian Financial Review

http://www.afr.com/business/media-and-marketing/publishing/soft-domain-listings-a-temporary-blockage-says-fairfax-ceo-greg-hywood-20161102-gsgut7

Soft Domain listings a 'temporary blockage'

Soft real estate listings are expected to impact Domain's first-half earnings.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/central-park-student-accommodation-deal-could-net-400m/news-story/a79880951c7fc7ed5a86ab2c4b46900e

Central Park student accommodation deal could net $400m

Singapore-backed Frasers Property and its partner Japan’s Sekisui House could reap about $400m from the sale of student accommodation in their Central Park project.

The Australian

http://www.abc.net.au/news/2016-11-03/monetary-policy-is-creating-the-next-generation-of-rich-and-poor/7991828

Low interest rates are creating the next generation of rich and poor

Young Australians are growing up in a world where inflation and wages are low, and the idea buying a home is simply out of reach. While those who own a home are sitting pretty.

The ABC

http://www.domain.com.au/news/the-price-of-preserving-your-point-piper-view-buy-a-neighbouring-13-million-home-20161102-gsgwcl/

The price of preserving your Point Piper view?

Buy a neighbouring $13m home.

Domain

http://mobile.nytimes.com/2016/11/02/opinion/in-greece-property-is-debt.html?smid=tw-share&_r=1&referer=

In Greece, Property Is Debt

Growing personal debt, declining incomes, and higher taxes have turned property and the dream of easy money into dread.

The New York Times

http://www.theage.com.au/business/the-economy/the-reality-of-a-low-interest-rate-high-house-price-world-20161101-gsf7dq.html

The reality of a low interest rate, high house price world

Another month, another rise in average Australian capital city housing prices.