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Why industry experts are saying now is the time to buy in Melbourne

As the Melbourne property market begins to self-correct after decades of rapid price hikes, experts are tipping an upswing is in store, and buyers should pounce now.

National

Construction

Calls for action as new home approvals continue falling

Fourteen consecutive months of declining home approvals is costing the building industry tens of millions of dollars, prompting calls for action.

Western Australia (WA)Perth

The Economy

These were Perth's highest growth suburbs last year

Brabham, Madora Bay and Mount Pleasant are among the ten Perth suburbs to have achieved the largest increase in median house price in 2018, according to industry body the Real Estate Institute of Western Australia (REIWA).

New South Wales (NSW)Sydney

Featured Property

Creating from the top at Potts Point

The opportunity to craft the interior of a previously untouched penthouse is on offer at Potts Point. For sale by Darren Curtis and Ken Jacobs of Ken Jacobs Christies Double Bay.

National

The Economy

Property market 2019: Experts reveal what's in store

Some of the industry's top heavyweights and real estate agents have shared their predictions for the housing market in 2019.

National

People

New Year, new job: How to write the perfect resume

Resolver Recruitment's Virginia Brookes reveals how to write the perfect resume so you can score that New Year job.

National

The Economy

The capital cities that are tipped for growth in 2019

Propertyology’s annual forecast has named Hobart as the frontrunner for growth this year, followed by Perth, Brisbane, Adelaide and Canberra.

Victoria (Vic.)

Featured Property

Akvavit: Where the ocean meets the country

Meaning 'water of life' Akvavit is akin to the mesmerising property backdrop of the waves breaking at Western Port Bay in the distance. For sale by Michelle Skoglund of Aqua Real Estate Mount Eliza.

National

The Economy

Slim pickings at auction in January heralds good news for sellers

House hunters will face slim pickings until auctions return in February, but sellers are perfectly positioned to take advantage of the conditions.

National

Politics

Labor's proposed changes 'adding to market uncertainty', says REIA

The Real Estate Institute of Australia has described Labor's proposed changes to negative gearing and capital gains tax as "dangerous".

Pages

News Roundup

http://www.theaustralian.com.au/business/property/executive-management-shakeup-renews-lend-lease/news-story/c0026710cd8ac973fdef67fe40c2abd9?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A%20TheAustralianProperty%20%28The%20Australian%20%7C%20Property%29

Lend Lease has appointed Kylie Rampa to head its local property business

The diversified developer yesterday revealed several executive changes as the group focuses on large-scale urban renewal projects throughout Australia and key global locations.

The Australian

http://www.theaustralian.com.au/business/property/investors-feel-pinch-as-rents-start-to-contract/news-story/e00f347dcc4798ec5e17ac12b92513bf

Investors feel pinch as rents start to contract

Rents across Australia’s capital cities could begin to fall in the coming months after posting sluggish increases in the past year, CoreLogic RP Data has warned.

The Australian

http://www.theaustralian.com.au/national-affairs/state-politics/bureaucracy-hands-sacked-auburn-councillor-ronney-oueik-30m/news-story/9a1ded608c4819d5a9969a8891ac6511

Bureaucracy hands sacked Auburn councillor Ronney Oueik $30m

Sacked Auburn councillor and NSW Liberal government candidate Ronney Oueik has walked away with a $30m property windfall and the public inquiry into the scandal-plagued Sydney council is powerless to stop it.

The Australian

http://www.afr.com/business/apartment-buildings-with-no-car-parks-to-accelerate-says-global-expert-20160308-gndea2

Apartment buildings with no car parks to accelerate says global expert

John Campbell, the man who steered Toronto's $35 billion waterfront precinct overhaul for 13 years, says authorities around the world will need to factor in the diminishing need for car parks in multi-storey developments as the digital economy and a shift away from vehicle ownership takes hold.

The Australian Financial Review

http://www.apimagazine.com.au/2016/03/nsw-strata-changes/

Strata managers – new options for NSW owners

NSW’s new strata laws will make significant changes to the appointment and role of strata managing agents, and although the commencement date of 1 July 2016 is likely to be postponed, investment property owners need to be getting ready for the changes.

Australian Property Investor

http://www.afr.com/real-estate/alexandria-site-nets-30m-after-owners-amalgamate-properties-20160308-gndj09

Alexandria site nets $30m after owners amalgamate properties

Seven owners have sold their office warehouses in Alexandria in Sydney's south in one amalgamated 5590-square-metre site for $30 million.

The Australian Financial Review

http://www.theaustralian.com.au/business/wall-street-journal/chinese-developers-plan-to-build-cities-abroad-from-scratch/news-story/a481b2248a9f8604102d6d04d7ae4730

Chinese developers plan to build cities abroad from scratch

Chinese property developers have become a familiar sight at construction sites in the world’s wealthiest and also least developed cities, from New York to Nairobi in Kenya.

The Australian

https://www.themonthly.com.au/issue/2016/march/1456750800/richard-cooke/boomer-supremacy

The Boomer Supremacy

For many young and those approaching middle age, Sydney's lockout laws are the final manifestation of a growing cultural lockout. They have been locked out of the housing market, affordable education, the welfare system and secure employment. They have seen their political power and wealth shrivel. Now even recreation is being curtailed.

The Monthly