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Two WA developments win at 2018 Property Council of Australia/Rider Levett Bucknall Awards

A beachside community near Perth and a housing development in Rockingham have taken out awards at the 2018 Property Council of Australia/Rider Levett Bucknall Awards.

Queensland (Qld)

The Economy

International investors turning to regional QLD

The recent sale of a 215-ha masterplanned mixed-use development near Rockhampton has marked the start of major investment in the region.

Western Australia (WA)

Featured Property

Magnificent Venetian estate: Villa Dionysus

This 18th Century inspired residence is set among the natural attractions of the iconic Swan Valley region. For sale by Emma Milner of Ray White Claremont.

National

The Economy

Cool weather sees cooler clearance rates, while prime markets perform well

While preliminary clearance rates and auction volumes dropped slightly over the weekend, the prime markets in both Sydney and Melbourne performed well, as buyers seek 'safe haven' suburbs.

National

People

Entries open for 2018 REINSW Awards for Excellence

Entries have opened for the 21st annual Real Estate Institute of New South Wales (REINSW) Awards for Excellence, with three new categories added to the lineup.

National

People

How to overcome being considered 'too qualified' for a role

Having an extensive amount of experience is usually considered a good thing when it comes to landing a new job - but not when it comes at the expense of being considered 'overqualified'.

Victoria (Vic.)Melbourne

Featured Property

Cinematic design: former Greater Union warehouse’s skilful renovation

This modern industrial home features soaring ceilings, original steel framed windows, heated polished concrete floors and northern light. For sale by Daniel Joyce and Elliot Gill of Jellis Craig Richmond.

National

The Economy

2018 Budget ignores millennial's housing woes

Despite ongoing concerns around housing affordability, this years' budget seems to have forgotten the housing crisis of an entire generation of young people.

Queensland (Qld)Brisbane

Construction

Howard Smith Wharves development to breathe new life into Brisbane river

Brisbane's derelict Howard Smith Wharves site will soon be unrecognisable, with the development of the $200 million riverside restaurant and hotel complex underway.

Western Australia (WA)Perth

People

Award-winning Perth agent Sam Bevan joins Realmark Coastal

After winning the Elite Agent 2018 Program, Sam Bevan decided to make a career change and become a real estate agent at Realmark in Perth, WA.

Pages

News Roundup

http://www.mortgagebusiness.com.au/breaking-news/8916-tens-of-thousands-switching-out-of-investor-loans?utm_source=Mortgage%20Business&utm_campaign=Mortgage_Business_Newsletter18_09_2015&utm_medium=email

‘Tens of thousands’ switching out of investor loans

Australia’s biggest bank has revealed that it is experiencing a ‘massive’ influx of borrowers seeking to reclassify their loans from investor to owner-occupier as the market adjusts to two-tiered pricing.

Mortgage Business

http://www.afr.com/real-estate/residential/yuan-devaluation-makes-australian-canadian-property-more-affordable-20150916-gjoaoi

Yuan devaluation makes Australian, Canadian property more affordable

The number of Chinese buying overseas homes will slow rapidly this year, according to Mandarin-language property portal Juwai.com, but Australia is seeing an uptick in inquiries due to Beijing's recent currency devaluation.

The Australian Financial Review

http://www.theaustralian.com.au/subscribe/news/1/index.html?sourceCode=TAWEB_WRE170_a&mode=premium&dest=http%3A//www.theaustralian.com.au/business/property/cbre-global-investors-eyes-off-docklands-tower-in-melbourne/story-fnko7zi0-1227530817885&memtype=anonymous

CBRE Global Investors eyes off Docklands tower in Melbourne

CBRE Group’s investment management unit is close to making its entry into Australia’s direct property market, with the business eyeing the purchase of the South Wharf office tower in Melbourne in a deal worth about $145 million.

The Australian

http://www.nytimes.com/2015/09/15/t-magazine/cabin-homes-new-american-dream.html?smid=fb-nytimes&smtyp=cur&_r=0

Cabins, the new American Dream

According to legend, the cabin and the shack are ideal launchpads for remarkable lives, but lately they’ve become homes to aspire to — particularly for overburdened types whose acquisitive binging has made them want to purge.

The New York Times

http://www.adelaidenow.com.au/news/national/foreign-students-buying-mansions-in-australia-ato-launches-investigation/story-fnii5s40-1227530802706

Study visa no ticket to buy Oz property

Foreign students with seemingly minimal money are buying plush mansions worth up to $5 million under laws that allow temporary residents to buy a property in Australia.

The Daily Telegraph

http://therealdeal.com/blog/2015/09/16/fundrise-expands-abroad-in-big-move-for-crowdfunding-industry/

Fundrise expands abroad in big move for crowdfunding industry

Real estate tech startup Fundrise expanded to Australia, Britain and Canada, becoming the second leading U.S. crowdfunding platform to tap into overseas capital markets.

The Real Deal

http://www.afr.com/real-estate/goodbye-percentage-commission--hello-flat-9990-fee-to-sell-your-home-20150915-gjmx1e#ixzz3lqvXjloj

Goodbye percentage commission – Hello flat $9990 fee to sell your home

Property agents Hello Real Estate have launched a flat fee of $9990 for selling homes. Hello, which is based in Sydney but also operates in South Australia and Victoria, has done away with commission-based selling and will sell an apartment or a house for the same flat fee which includes an "independent valuation" and conveyancing.

The Australian Financial Review

http://www.heraldsun.com.au/news/malcolm-turnbull-australias-property-rich-politicians/story-fnu4we2b-1227528275462

Malcolm Turnbull: Australia's property rich politicians

When Malcolm Turnbull takes on the role of Australia’s 29th Prime Minister, he also becomes the richest person to ever hold the post. Estimated to be a millionaire 180 times over, Mr Turnbull’s riches follow the path of many Aussie families whose net worth has rocketed off the property boom.

Herald Sun