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Gold Coast downsizers favouring dual living properties

Downsizers on the Gold Coast are leading the charge for dual living properties on the Gold Coast, according to Raine & Horne.

New South Wales (NSW)

Construction

Buy seven units in Cowra for less than a studio apartment in Sydney

Investors, listen up. A complex of seven fully furnished units has become available for sale through Tom Doran and Kieran Bourke of Burgess Rawson.

Victoria (Vic.)

Featured Property

Buckaginga: Absolute water frontage, privacy and luxury in Cape-Cod style

This rare Barwon River waterfront residence with private moorings is for sale by Andy Ingham and Peter Molloy of RT Edgar Barwon Heads.

National New South Wales (NSW)Sydney

The Economy

Lending constraints hinder Sydney buyers

While lending constraints hindered many buyers in Sydney over the weekend, clearance rates don't paint the full picture.

Western Australia (WA)Perth

The Economy

Housing shortage predicted for Perth in next two years

A housing shortage is predicted for Perth in the next two years as building approvals for new dwellings is at the lowest it's been since 2001.

National

Design

Lavender is the hottest colour trend of 2018

If you can't take any more millennial pink, you're in luck. Pantone has named lavender as the hottest colour trend for interior design in 2018.

Queensland (Qld)Brisbane

Featured Property

Urban masterpiece: Kangaroo Point’s award-winning ‘Silt’ Penthouse

This Bureau Proberts inner city residence boasts stunning river and city views and is close to everything. For sale by Hamish Bowman of Ray White New Farm.

Victoria (Vic.)Melbourne

Design

Famous architects arrive in Melbourne for Southbank by Beulah competition

Some of the biggest names in architecture have descended in Melbourne for the $2b Southbank by Beulah competition.

National

Design

Get to know Ian Moore, award-winning architect

With over thirty years of experience as an architect, Ian Moore has worked on some high profile sites, including the historic 'Gasworks' site in Brisbane.

National

Design

Step aside subway tiles: these are the biggest tile trends for 2018

If you're anticipating a kitchen or bathroom reno, don't order a pallet of boring white tiles. These tiles are much more cool and chic.

Pages

News Roundup

http://www.theguardian.com/commentisfree/2015/sep/22/turnbull-and-morrison-must-fix-the-housing-crisis-before-the-bubble-bursts

Turnbull and Morrison must fix the housing crisis before the bubble bursts

Australia faces many economic challenges in the near future, whether it is anaemic growth, falling national income, stagnant wages, plunging mining sector capital expenditure, an uptick in unemployment and underemployment, or the collapsing terms of trade. Arguably, the most pressing need is to deal with Australia’s out of control banking and financial system, having blown a housing bubble of epic proportions.

The Guardian

http://www.smh.com.au/business/markets/house-price-growth-in-sydney-and-melbourne-continues-apace-20150922-gjrzpq.html

Morgan Stanley says Australian housing boom has peaked

Morgan Stanley analysts says the housing cycle in Australia has peaked, with a tighter regulatory environment, slowing immigration and frothy prices, set to blunt the powerful growth momentum for the sector. The US investment bank said in a note this week housing activity in the country had "peaked", which, in turn, had intensified the risks of recession.

Sydney Morning Herald

http://www.mortgagebusiness.com.au/breaking-news/8935-almost-one-in-10-loans-would-fail-underwriting-standards-report?utm_source=Mortgage%20Business&utm_campaign=Mortgage_Business_Newsletter23_09_2015&utm_medium=email

Almost 1 in 10 loans would fail underwriting standards: report

A new report examining the impact of regulatory changes on the Australian mortgage market has concluded that nine per cent of home loans written so far this year would now fail current underwriting standards. Released this week, The Property Imperative Report V report from Digital Finance Analytics (DFA), applied the typical underwriting criteria being used today to the 26,000 households surveyed in the DFA Household Finance Confidence index.

Mortgage Business

https://www.google.com/url?rct=j&sa=t&url=http%3A//www.smh.com.au/business/the-economy/australia-is-toast-foreign-investors-tell-nab-20150921-gjrfth.html&ct=ga&cd=CAEYASoUMTUwMDYwNjQyOTc1NTIyNDM2NzUyHWM3OTgxMzczYTU0OTI2ZWE6Y29tLmF1OmVuOkFV&usg=AFQjCNFV6Xct6vtWhGgCMNJh6T8KkQq26Q

'Australia is toast' foreign investors tell NAB

Foreign investors have turned especially bearish on the Australian economy, with one describing it as "toast", a National Australia Bank report says. Chief economist Ivan Colhoun said a recent visit to clients in Britain, continental Europe and the Middle East revealed a "uniformly negative view on Australia's prospects".

Sydney Morning Herald

http://news.yahoo.com/symbolic-victory-against-mugabe-government-property-south-africa-125050057.html

'Symbolic victory' against Mugabe as government property in South Africa auctioned

A residential property in Cape Town owned by the Zimbabwean government was auctioned for 3.76 million rand ($281,500) on Monday, in a symbolic victory against the land grab policies of President Robert Mugabe, lawyers said.

Yahoo News

http://www.scoop.co.nz/stories/AK1509/S00557/auckland-rents-top-400-per-week-for-smallest-properties.htm

Auckland rents top $400 per week for smallest properties

A property renter in Auckland can now expect to pay $400 per week regardless of property size or type, according to Trade Me Property’s monthly report on median rents across New Zealand. Head of Trade Me Property Nigel Jeffries said that even the smallest unit or 1-bedroom home will cost a typical Auckland renter $400 per week.

Scoop

http://www.switzer.com.au/the-experts/john-mcgrath-property-expert/20150922australias-1-million-club/

Australia's $1 million club

How times have changed. In June 1995, only 1% of house sales in Sydney over the previous five years were above $1 million. By June 2015, that percentage was 36.8%. In 1995, only 0.6% of apartments sold above $1 million. Today it’s 11.6%.

Switzer Daily

http://www.inman.com/2015/09/21/andrew-dailey-people-dont-buy-a-home-to-get-a-mortgage-they-get-a-mortgage-to-buy-a-home/

'People don't buy a home to get a mortgage, they get a mortgage to buy a home'

It’s very simple: People don’t buy a home to get a mortgage; they get a mortgage to buy a home. For most of us, getting a mortgage is a necessary part of the process, but too often it completely ruins the experience. Buying a home should be a happy time in your life, and we want to make sure the mortgage doesn’t get in the way of that.

Inman