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Rents record first annual fall - REIA

The September 2020 quarter CPI figures show the impact that the COVID pandemic is having on the rental market, according to the Real Estate Institute of Australia.

Victoria (Vic.)

Politics

Victorian Government lift minimum training requirements for real estate - REIV

The Real Estate Institute of Victoria welcomes the State Government’s actions to raise the education standards required for the real estate sector.

National Western Australia (WA)

The Economy

The Pilbara agent on the cutting edge of technology - Openn Negotiation

The ‘online auction guy’ – that’s what buyers and sellers in the Pilbara region are calling Realmark Karratha agent Jordan James.

New South Wales (NSW)Sydney

Featured Property

'Earth, Wind and Fire': Lindfield home’s record breaking $11m+ sale

The sustainable Luigi Roselli Architects design features a stunning entertaining deck and showcase indoor staircase with slide. Sold by Glenn Curran of McGrath Lindfield.

National

The Economy

Is your client looking for a sea or tree change? Support their move with smart technology

Securexchange aims to protect your clients from scammers through the use of a collaborative and secure workspace.

New South Wales (NSW)

Featured Property

REAL Specialists: Sea change meets tree change

Set atop five acres and within three kilometers of the beach, this four bedroom Pottsville home is for sale by Shaun Cardillo of REAL Specialists.

Western Australia (WA)Perth

The Economy

Median sale price increases in eight regional centres says REIWA

Real Estate Institute of Western Australia says 8 of 9 Western Australia’s regional centres have recorded an increase in median sale price for the September 2020 quarter, with Karratha experiencing the largest increase of 8.1 per cent to $465,000.

National

The Economy

John McGrath – What’s driving the Spring market?

The number of homes for sale across Australia is at a 10-year low, with new listings increasing only marginally in the month of September and overall stock for sale actually falling. This is highly unusual for the first month of Spring, which is traditionally our busiest selling season.

New South Wales (NSW)Sydney

Featured Property

‘Forest Glen’: Paddock to plate lifestyle on 25 acres

Less than 1 hour from Sydney's CBD, this country estate offers a relaxed lifestyle for sustainable living. For sale by Deborah Cullen and Richard Royle of Cullen Royle.

Featured Property

'The Glasshouse': Award-winning designer luxury

For sale by Ben Collier of The Agency, who told WILLIAMS MEDIA, “Normally you wouldn’t see these interiors and quality of finishes until you reach a price range of $10,000,000+.”

Pages

News Roundup

http://www.theage.com.au/business/aviation/backing-secured-for-major-airport-serving-melbournes-southeast-20170703-gx3efu.html

Backing secured for major airport serving Melbourne's south-east

A $7bm proposal to build a privately-owned international airport for Melbourne's south-east will be presented to the Victorian government next week.

The Age

http://www.news.com.au/finance/real-estate/renting/minister-admits-government-has-no-idea-how-many-homes-fitted-with-noncompliant-cladding-amid-messy-review/news-story/5921a224e9ccc420b5d9dcbea8d90ca8

Minister admits government has 'no idea’ how many homes fitted with non-compliant cladding

Timing on a nationwide audit is unclear.

news.com.au

http://www.cairnspost.com.au/realestate/cairns-homeowners-get-no-relief-after-insurance-council-meeting/news-story/667906b9238420ff0799b64d260a4624

Cairns homeowners get no relief after Insurance Council meeting

Cairns residents paid higher insurance premiums than other parts of the country due to the higher risk of cyclones and severe storms.

The Cairns Post

http://www.afr.com/business/banking-and-finance/interestonly-loan-switch-could-hit-households-for-10b-macquarie-20170703-gx3azh

Interest-only loan switch could hit households for $10b

The banks' move to push borrowers out of interest-only loans and towards principal and interest loans will eventually hit lending growth rates.

The Australian Financial Review

https://www.mortgagebusiness.com.au/breaking-news/11239-indigenous-home-ownership-rates-improving-but-still-low-census?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin03_07_17&utm_medium=email&utm_content=2

Indigenous home ownership rates improving but still low: Census

Data from the ABS shows growth in overall Indigenous home ownership from 36% in 2011 to 38% in 2016, but that number is still lower than the 65.5% home ownership rate for Australia in general.

Mortgage Business

http://www.theaustralian.com.au/business/property/tax-hikes-on-foreign-buyers-risk-killing-the-golden-goose/news-story/a663620395759ab1101dce7111d4817b

Tax hikes on foreign buyers risk ‘killing the golden goose’

Changes in government changes on foreign property investors risks “killing the golden goose”, says Victorian developer Tim Gurner, as Chinese sales and inquiries for local dwellings tumble.

The Australian

http://www.afr.com/business/media-and-marketing/publishing/fairfax-media-pressing-ahead-with-domain-spinoff-as-private-equity-bidders-move-on-20170702-gx2usm?eid=Email%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06/09/2016-BeforeTheBell-dom-business-nnn-afr-u&et_cid=29084680&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/business/media-and-marketing/publishing/fairfax-media-pressing-ahead-with-domain-spinoff-as-private-equity-bidders-move-on-20170702-gx2usm%3Feid%3DEmail%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06%252F09%252F2016-BeforeTheBell-dom-business-nnn-afr-u&Email_name=BTB-07-03&Day_Sent=03072017

Fairfax Media pressing ahead with Domain spin-off

Private equity bidders have moved on.

The Australian Financial Review

https://www.smartpropertyinvestment.com.au/spi-plus/latest-hotspots/16267-smart-property-investors-need-to-target-cinderella-suburbs-says-real-estate-ceo

Smart property investors need to target Perth “Cinderella” suburbs: real estate CEO

Travis Coleman, CEO of ACTON, says property buyers should be taking advantage of the upcoming upswing in the Perth property market, with coastal property offering prices under $350,000.

Smart Property Investment