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The Economy

What do China's new capital controls mean for Australian real estate?

For Chinese investors that are already operating outside China, the impact may be negligible, says CBRE.

Victoria (Vic.)

Politics

Victoria's rushed long-term tenancy legislation unattractive for landlords: REIV

Long-term leases must be attractive for landlords if they are to be successful, says Gil King, CEO of the REIV.

National

The Economy

Chinese investors leave half their properties vacant: UBS

A UBS survey has found that nearly half of all real estate owned by Chinese investors is not fully used.

New South Wales (NSW)Sydney

Featured Property

Sydney 30m deep water frontage north-facing private sandy beach

'Cooinda' is an architecturally designed waterfront home in Sydney's Avalon on the Northern Beaches, featuring Pittwater views and sandstone and timber accents. For sale through Lachlan Elder of LJ Hooker Mona Vale.

International

Design

Aussie designer David Hicks revives Ginger Rogers' Hollywood home

SCHWARTZWILLIAMS spoke to David Hicks about his project in the Hollywood Hills.

Western Australia (WA)

Markets

Pilbara region showing signs of recovery: REIWA

Sales in Port Hedland rose 18 per cent in the June quarter, while Karratha's median house price increased 7.1 per cent to $300,000, according to new data from Landgate.

New South Wales (NSW)

People

Di Jones gets behind Clown Doctors Annual Ball

The Clown Doctors Annual Ball to raise funds for The Humour Foundation will be held at the Mittagong RSL on Saturday, 2 September.

New South Wales (NSW)

Featured Property

A tranquil private estate with 20 acres of park-like grounds 5 minutes from Byron

To arrange a private inspection of this resort-like escape contact Vicky Innes of Byron Bay Property Sales Byron Bay.

National New South Wales (NSW)Sydney South Australia (SA)Adelaide Victoria (Vic.)Melbourne

The Economy

Malvern, Adelaide, popular with buyers, says agent Bonnie Whyte of klemich

Bonnie Whyte of klemich sold a four-bedroom, stone home in Adelaide's Malvern for $2,096,000 at auction on the weekend. Eight parties wanted to buy the home, she told SCHWARTZWILLIAMS.

Australian Capital Territory (ACT)Canberra

Government

Canberra's remediated Mr Fluffy blocks attracting good prices

Nearly 1,000 remediated blocks of land will be sold in Canberra, as the government cleans up after the Mr Fluffy asbestos scandal.

Pages

News Roundup

http://www.afr.com/real-estate/residential/sydney-rental-prices-stay-at-highestever-levels-in-first-quarter-20150416-1mloby

Sydney rental prices stay at highest-ever levels in first quarter

Sydney rental prices held at their highest-ever levels in the first quarter as soaring residential investment failed to dent the city's pent-up demand for housing. The median asking rent for a house in the NSW capital was a record $520 a week in the first quarter, unchanged from December and up from $500 a year ago, the latest Domain Group Rental Report shows.

The Australian Financial Review

http://www.abc.net.au/news/2015-04-15/imf-lowers-growth-outlook-for-australia/6393426

International Monetary Fund lowers growth outlook for Australia

The International Monetary Fund (IMF) has highlighted the damaging effect the iron ore slump is having on Australia, as the Treasurer seeks a discussion with the Chinese finance minister on the matter.

ABC News

http://architectureau.com/articles/inner-melbourne-suburbs-locked-up/?utm_source=ArchitectureAU&utm_campaign=33bf43f694-AAU_2015_04_15&utm_medium=email&utm_term=0_e3604e2a4a-33bf43f694-40540417&mc_cid=33bf43f694&mc_eid=d865be39ad

Sixty square kilometres of inner Melbourne locked away from major development

Sixty square kilometres of inner suburban Melbourne have been locked away from significant development after the state government passed legislation containing a range of restrictions put forward by the City of Boroondara. Three storey limits have been applied to a large number of commercial precints within the area.

Architecture AU

https://www.jbaurban.com.au/article/11-takeaways-residential-developers-new-metro-strategy

11 takeaways for residential developers from the new Metro Strategy

It doesn’t matter if you are a CBD, brownfield or greenfield developer; with the Strategy targeting 664,000 new dwellings by 2031 (a 20% increase from the 2013 Draft Strategy target) there are opportunities in the Strategy for everyone, from the Northern Beaches to Picton.

JBA

http://www.afr.com/business/banking-and-finance/aussie-home-loans-chief-executive-james-symond-says-greater-oversight-of-banks-is-likely-20150414-1mks3f

Aussie Home Loans chief executive James Symond says greater oversight of banks is likely

New Aussie Home Loans chief executive James Symond believes banks are likely to face increased oversight from regulators in response to the boom-time conditions in parts of the housing market, despite a recent slowing in lending to investors.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/judge-calls-for-investors-to-be-protected-from-craig-gore/story-fn9656lz-1227304014568

Judge calls for investors to be protected from Craig Gore

A Federal Court judge has declared investors should be protected from fallen Gold Coast property developer Craig Gore, after finding he made a profit of $1.7 million from an overseas investment scheme through a web of companies that targeted people’s retirement funds.

The Australian

http://www.abc.net.au/news/2015-04-14/affordable-housing-shortage-drags-australia-down-social-rankings/6391350

Affordable housing shortage drags Australia down social rankings

Australia is the world's 10th most socially advanced nation but a lack of affordable housing is holding it back, a survey shows. However, while Australia scores well on personal rights - such as freedom of speech, freedom of movement and political rights - it is falling well behind in housing affordability.

ABC News

http://www.moneymanagement.com.au/news/smsf/asic-%E2%80%98working%E2%80%99-spruiking-agents

ASIC ‘working’ with spruiking agents

Some real estate agents and others simply don't understand that they need to hold and Australian Financial Services License (AFSL) to provide advice relating Self Managed Superannuation Fund (SMSF) investments, according to the Australian Securities and Investments Commission.

Money Management