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John McGrath – Virus a catalyst for change in 2021

An expected strong start to 2021 and pandemic home pivots according to John McGrath, founder and executive director, McGrath Estate Agents.

National

The Economy

Housing continues its record run - REIA

The November 2020 Lending to Households and Business figures released today by the ABS show that the value of new loan commitments for housing grew for the sixth consecutive month and reached a record high, according to the Real Estate Institute of Australia (REIA).

Queensland (Qld)Brisbane

People

Place Expands Brisbane network with new Springwood Office

Place Estate Agents are excited to announce the official opening of Place Springwood, headed by experienced agent and leader, Michael Lanskey.

National

People

5 Prospecting Tips to kickstart your 2021 real estate goals

Prospecting is an ever-popular topic  in the real estate community, but according to Dan Spencer, managing director of Activate Growth, agents are making it more difficult for themselves, than what it needs to be.

National

The Economy

Housing market ready to be put to the test in 2021 - REIA

Australia’s housing market recorded respectable growth over 2020 and with limited stock and strong demand, 2021 should see further price increases, Real Estate Institute of Australia President Adrian Kelly said.

Queensland (Qld)Brisbane

The Economy

Clearance Rates hit all-time high at Place

Place has experienced weekly auction clearance rates consistently over 90% across Brisbane in the post-COVID market.

Queensland (Qld)Brisbane

People

Get to know Michael Garcia, Place Woolloongabba's new Business Development Manager

Michael joins Place Estate Agents Woolloongabba office with a mission to succeed in developing the brand and business.

National

The Economy

MYEFO points to gains for the property market prompted by quicker economic recovery

REIA says Mid Year Economic Forecast Outlook is positive news for both the economy and the property sector

South Australia (SA)

Featured Property

Kangaroo Island clifftop home expected to sell for the first time in more than 100 years - Cullen Royle

Rocky Point on Kangaroo Island South Australia is for sale by Deborah Cullen of Cullen Royle.

Queensland (Qld)Brisbane

The Economy

McGrath attracts high-performers to further grow its Brisbane footprint

McGrath’s Head of Sales, Michael Murray, said that the company was focused on further growing its footprint in the important Brisbane market.

Pages

News Roundup

http://www.afr.com/opinion/columnists/bankers-to-feel-a-chill-as-china-extends-capital-crackdown-20170807-gxrbwr

Bankers to feel a chill as China extends capital crackdown

Some big, high-flying Chinese corporates could soon be seeking to offload some of their Australian assets.

The Australian Financial Review

http://www.afr.com/real-estate/commercial/development/as-beijing-gets-tough-wanda-tests-market-for-2-billion-australian-exit-20170807-gxr458

As Beijing gets tough Wanda tests market for $2 bn Australian exit

China's Dalian Wanda Group, which is under pressure to crimp its offshore expansion and facing a freeze on bank lending at home, is fielding offers for its two giant development projects in Australia.

The Australian Financial Review

https://www.mortgagebusiness.com.au/breaking-news/11328-mortgagors-increasingly-worried-over-rates-and-repayments-bank-finds?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin01_08_17&utm_medium=email&utm_content=4

Mortgagors increasingly worried over rates and repayments, bank finds

According to ME’s most recent Household Financial Comfort Report, the level of optimism about future financial comfort has dropped by 4% over the 18 months to June 2017.

Mortgage Business

http://www.afr.com/real-estate/construction-speeds-up-july-at-fastest-pace-in-12-years-commercial-work-jumps-20170806-gxqlog

Construction speeds up at fastest pace in 12 years

Construction activity expanded in July as commercial work grew at its fastest pace in 12 years and detached house building also sped up, shows the Performance of Construction Index.

The Australian Financial Review

https://www.mortgagebusiness.com.au/breaking-news/11351-easing-restrictions-could-encourage-more-islamic-lending-options?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin07_08_17&utm_medium=email&utm_content=2

Easing restrictions could encourage more Islamic lending options

A loosening of regulations on trade taxes could encourage a greater range of Islamic financing options in the market, a major Islamic mortgage manager has said.

Mortgage Business

http://www.theaustralian.com.au/life/home-design/prestige-property/noosas-residential-real-estate-market-hits-pregfc-levels/news-story/5ed7295c80e67bc58e76f3abc032210b

Noosa’s residential real estate market hits pre-GFC levels

Noosa’s residential real estate market is returning to its pre-GFC levels, with the arrival of a wave of enterprising cashed-up buyers.

The Australian

https://sourceable.net/the-new-dbdrv-is-now-the-first-port-of-call/

A government agency has been created in Vic to assist with disputes between owners and builders

An independent government agency has been created to help with disputes between owners and builders about defective or incomplete work, building construction delays, payment issues, and contracts.

Sourceable

https://www.dezeen.com/2017/08/04/fire-torch-tower-dubai-skyscraper-cladding/

Blaze tears through Dubai tower, again

A fire broke out at one of Dubai's tallest skyscrapers in the early hours of Saturday morning, causing the evacuation of over 600 residences, and reigniting debate about the safety of materials used in high-rise buildings.

Dezeen