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Melbourne’s million-dollar listing boom: REIV

New REIV data shows that 154 Melbourne suburbs have a median house price of $1 million or higher, from a total of 402 suburbs.

New South Wales (NSW)Sydney

Featured Property

Beachside home on Sydney's Bungan Beach: a modern masterpiece with glorious ocean and district views

An impressive home less than 300m from the sand and surf of Bungan Beach on Sydney's northern beaches. For sale through Peter Robinson of LJ Hooker Palm Beach.

National New South Wales (NSW)Sydney

The Economy

RBA affordability report paints bleak picture of first homes

The Reserve Bank's December Bulletin has painted a bleak picture of the homes first-time buyers can afford, particularly in Sydney.

Victoria (Vic.)Melbourne

Construction

Luminary Hawthorn: perfect for the downsizer, with generous floorplans and close to the heart of Melbourne

Designed by renowned architects Plus Architecture, and with interiors by Mim Design, Luminary Hawthorn ticks every requirement for sophisticated inner-city living.

New South Wales (NSW)Sydney

Politics

NSW government's Millers Point social housing sale enters new phase

McGrath has completed its final sale of government social housing in Millers Point, while Savills has launched a campaign to sell the brutalist icon, Sirius.

New South Wales (NSW)Sydney

Featured Property

Clinton Murray-designed Watsons Bay beach house has timeless appeal

The Clinton Murray-designed beach house at Sydney's Watsons Bay will always be in style.

International National

The Economy

Global house prices running out of steam: Knight Frank

Knight Frank's Q3 2017 Global House Price Index increased 5.1 per cent in the year to 30 September, down from 6.3 per cent growth in the previous quarter.

National

The Economy

ATO employs new tools to scrutinise rental property market

The Australian Tax Office is ramping up scrutiny of the rental property market in a bid to stamp out rorts, and from next year will begin approaching real estate agents for information, reports The Australian.

Western Australia (WA)Perth

The Economy

Perth's median house price records modest gain in three months to November

The beleaguered Perth property market appears to be in recovery mode, with Perth's, median house price rising 1.9 per cent to $525,000 in the three months to November, according to the latest REIWA data.

Victoria (Vic.)Melbourne

Featured Property

Lifestyle at its best for those who appreciate history and warehouse chic

Gina Donazzan of hockingstuart Melbourne told SCHWARTZWILLIAMS, "History has shown that being a resident of Sargood House is the pinnacle of city warehouse living. The voluminous spaces showcase soaring ceiling heights and acoustic privacy, and there is the Paris End location."

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News Roundup

http://www.theaustralian.com.au/opinion/columnists/whats-worse-than-chinese-buying-our-assets-losing-interest/story-e6frg7e6-1227413436332

What's worse than Chinese buying our assets? Losing interest

Managing the immense Chinese appetite for Australian assets is a challenge, but the alternative would be rather worse. And a crucial element in that management attempt is to take the trouble to try to get in the minds of our new economic partners.

The Australian

http://www.theage.com.au/national/corrupt-malaysia-money-distorts-melbourne-market-20150623-ghu6a0.html

Corrupt Malaysia money distorts Melbourne market

In 2013, the private sale of an unassuming five storey apartment block near Monash University in Caulfield stunned local observers. Even in Melbourne's booming property market, the $22.5 million price tag for a building designed like an IKEA cupboard seemed well above the odds. That's because it was.

The Age

http://www.watoday.com.au/wa-news/guildford-hotel-could-be-left-to-rot-after-owner-luke-martino-threatens-to-walk-20150625-ghx6oy.html

Guildford Hotel could be left to rot after owner Luke Martino threatens to walk

The Guildford Hotel could be left to rot after the owner of the pub said he "would walk away" from redevelopment after the City of Swan council knocked back his plans to build high-rise apartments behind it.

WA Today

http://www.architectureanddesign.com.au/features/the-changing-palette-of-prefab-in-australia

The changing palette of prefab in Australia

Perceptions in Australia about prefabricated buildings are changing and are slowly transcending the negative connotations associated with traditional prefab design—think demountable school classrooms and pine log cabins.

Architecture & Design

http://www.theaustralian.com.au/business/property/australiansuper-fund-looks-to-buy-us-apartments/story-fn9656lz-1227410066963

AustralianSuper fund looks to buy US apartments

Australia’s largest industry superannuation fund, $90 billion giant AustralianSuper, expects to buy into the US apartment market soon and has flagged a shift into Canada as it steps up its push into international property markets. AustralianSuper has poured about $2.4bn into buying property around the world in the past six months as it chases medium-risk assets it believes have long-term growth potential on a scale that local markets cannot satisfy.

The Australian

http://www.nytimes.com/2015/06/23/world/europe/sicilian-town-tells-outsiders-take-our-homes-please.html?smid=fb-nytimes&smtyp=cur&_r=0

Sicilian Town Tells Outsiders: Take Our Homes. Please.

Looking for a home? One Sicilian town is making an offer that is hard to refuse: It is giving away houses. There is a catch, naturally. The properties in Gangi, a picturesque central town that straddles the Madonie Mountains, are generally dilapidated, some abandoned generations ago.

The New York Times

http://www.watoday.com.au/business/golden-age-group--property-developments-expand-under-jeff-xu-20150623-ghunad

Golden Age Group property developments expand under Jeff Xu

Jeff Xu's diverse business interests range from importing-exporting, to hotels and popular city eateries, but developing property is his passion.

WA Today

http://www.dailytelegraph.com.au/realestate/news/sydney-property-boom-has-reached-its-peak-market-indicator-shows/story-fni0cly6-1227409790153

Sydney property boom has reached its peak, market indicator shows

Valuers Herron Todd White have warned that Sydney’s property boom is into its dying stages, with a national property clock showing prices have peaked and may soon fall. The property clock is a simple measure to show where a market is in its price cycle: six o’clock signals the start of price growth, 12 o’clock the end and a time after 12 is a market where prices are falling.

The Daily Telegraph