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Tasmanian sellers 'need to readjust expectations', says REIT

The Real Estate Institute of Tasmania’s March 2019 Quarterly Report shows the state is transitioning into a normal market following unprecedented growth throughout the past five years, according to president Tony Collidge.

New South Wales (NSW)

People

Annual REINSW Roadshow begins on May 2

The Real Estate Insitute of NSW will offer an on stage insight into the future of real estate throughout May as part of its annual roadshow.

Western Australia (WA)Perth

Featured Property

Grand architecture with world class Perth views

Encompassing a sprawling landholding of approx. 2,508sqm metres, this landmark waterfront residence offers Spanish influenced architecture with inspiring city and river views. For sale by Matthew Podesta of Mont Property Applecross.

National

The Economy

RBA could 'remain on the sidelines' for the next few months

While a lowering of the cash rate is considered to be inevitable this year, Finsure Group Managing Director John Kolenda said the central bank will be "in no rush" to make changes when it meets early next month.

Queensland (Qld)Brisbane

Construction

Upper Mount Gravatt’s accessibility a drawcard for new homebuyers

New homebuyers are flocking to Upper Mount Gravatt thanks to the suburb’s enviable access to transport networks and wide range of shopping, dining, education and medical amenities within easy reach, according to Position Property.

People

Cooling housing market does little to dent property fixation, according to research

New research has found that Australians spend up to 2.5 hours a week focusing on property.

New South Wales (NSW)Sydney

Featured Property

Mediterranean villa on Pittwater

The Italian coastline meets Sydney's Northern Beaches in this warm, sun-filled Palm Beach home. For sale by Laura Mears and Greg Griffin of Belle Property Avalon.

National

The Economy

Brisbane bright spot in post-Easter clearance rates

Brisbane had the biggest rebound in clearance rates from the Easter weekend, according to the latest auction data from CoreLogic.

New South Wales (NSW)Sydney

People

McGrath announces Lower North Shore expansion

McGrath is set to have a greater presence on Sydney's Lower North Shore, after announcing it has entered into an agreement to acquire LJ Hooker Willoughby/Artarmon.

Victoria (Vic.)Melbourne

The Economy

Melbourne house prices drop by 1.4 per cent in first quarter of 2019 - REIV

Housing figures from the Real Estate Institute of Victoria have identified Melbourne's outer suburbs as some of the state's biggest growth areas.

Pages

News Roundup

http://www.afr.com/brand/afr-magazine/brw-rich-1-the-rise-and-rise-of-building-billionaire-harry-triguboff-20160415-go7hre

The rise and rise of building billionaire Harry Triguboff

BRW Rich #1: Australia’s richest person is across all the detail of the property empire he built over 53 years, and is estimated to be worth more than $10 billion today.

The Australian

http://www.afr.com/business/banking-and-finance/cba-boosts-scrutiny-of-mortgage-applications-20160524-gp33aj

CBA boosts scrutiny of mortgage applications

CBA, the nation's largest mortgage lender, is overhauling mortgage operations to improve processing times and boost security and transparency of dealing with mortgage brokers.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/chinese-home-buyers-in-australia-in-decline/news-story/8545f41a30bb56f62b6486755881484a

Chinese home buyers in Australia in decline

Visits from property seekers based in China declined sharply in the first four months of this year, data from REA Group shows.

The Australian

http://www.yourinvestmentpropertymag.com.au/news/rba-governor-issues-property-investment-warning-216616.aspx

RBA Governor issues property investment warning

Outgoing Reserve Bank of Australia governor Glenn Stevens has reminded Australians that making money through investing in property is not guaranteed.

Your Investment Property

http://www.afr.com/real-estate/australian-construction-and-building-wages-expected-to-ease-soon-20160518-goykcc

Australian construction and building wages expected to ease soon

Wages in Australia's building and construction industry have been rising, but the leaders of major building and construction companies say that wages will hit an inflexion point because spare capacity from the resources industry, and a slowdown in the housing and apartment boom will soften the labour market supply-and-demand balance.

The Australian Financial Review

http://www.afr.com/real-estate/residential/vic/chinese-developer-builds-melbourne-tower-with-fewer-1-br-apts-and-6-new-floors-20160524-gp2bdu

Chinese developer to build Melbourne tower with fewer one bedroom apartments and 6 new floors

Chinese developer Decent Place has been given the go ahead for a 199-metre, Melbourne high-rise tower and gained an extra six floors of apartments, after slashing the number of smaller one-bedroom apartments in the development.

The Australian Financial Review

http://www.mortgagebusiness.com.au/breaking-news/9825-major-disruptor-hits-local-mortgage-market

Major disruptor hits local mortgage market

The uno online service gives consumers access to the tools and information that traditional brokers use to find a home loan, across a wide range of lenders, providing them with the power to decide what is best for them.

Mortgage Business

http://www.theaustralian.com.au/business/property/facebook-peer-pressure-drives-users-to-pay-more-for-housing/news-story/d81ef14232fb0b6b3bbd8d8febdf1475

Facebook peer pressure drives users to pay more for housing

The experiences of your Facebook friends can have a large and irrational impact on whether you buy or rent, what type of house you buy and what you pay for it, study shows.

The Australian