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Knight Frank releases Global House Price Index for Q1

Knight Frank have released their latest Global House Price Index for Q1 2021, analysing the residential market across the globe. Over the most recent 6 month period, Australian house prices have grown by 8.7%, constituting the fourth fastest rate of growth globally

National

People

REIA announces the winners of its National Awards for Excellence 2021

The winners of the 2021 REIA National Awards for Excellence presented by realestate.com.au have been announced by the Real Estate Institute of Australia (REIA).

National Northern Territory (NT)Darwin

People

REIA Presidents award goes to the territory

Northern Territory real estate stalwart, Mr Tony Pickering, has won the prestigious REIA Presidents Award at last night’s REIA National Awards for Excellence.

Western Australia (WA)Perth

The Economy

Sales activity more than doubles in 10 Perth suburbs as first home buyer activity ramps up 105 per cent - REIWA

reiwa.com settled sales data for the March 2021 quarter has revealed that 10 Perth suburbs have more than doubled their sales volumes when compared to the March 2020 quarter.

New South Wales (NSW)

Featured Property

Casuarina beach house close to Salt Village - REAL Specialists

Enjoy as is or update cosmetically to maximise its full potential. For sale by Shaun Cardillo of REAL Specialists.

Western Australia (WA)

Tourism zoned Christmas Island land for sale from $150,000 by The Agency

Christmas Island land for sale in an established survey-strata development called 'Captain's Island Retreat' by marketing agent Nigel Peters of The Agency.

National

The Economy

House prices increase at the highest quarterly rate in a decade - REIA

The weighted average capital city median price for both houses and other dwellings has increased at the highest rate in a decade, the latest Real Estate Institute of Australia’s Real Estate Market Facts report has found.

New South Wales (NSW)

Politics

REINSW call for a dedicated NSW Property Services Commissioner

For the past 10 years, REINSW has relentlessly lobbied Government to remove the real estate Industry from NSW Fair Trading and establish a dedicated Property Services Commissioner.

New South Wales (NSW)

Featured Property

Substantial Kingscliff residence on premier beachfront street for sale with dual living option - REAL Specialists

This substantial beachside home caters to comfort, climate, lifestyle and privacy across 2 luxury levels. For sale by Mason Garten of REAL Specialists.

Victoria (Vic.)

People

Somerville acreage hits $402k above reserve in digital sale

A 10-acre property in Somerville Victoria has sold $402,500 above the reserve, after fierce bidding through online platform, Openn Negotiation.

Pages

News Roundup

http://www.afr.com/real-estate/chinese-global-investments-in-q3-2017-fall-51-per-cent-yearonyear-20171110-gzj3p4

Chinese global investments in Q3 2017 fall 51% YOY

China's global investments in real estate in the September quarter have fallen 51% compared to last year, following Beijing's increased scrutiny on real estate investment activity.

The Australian Financial Review

https://www.smartpropertyinvestment.com.au/news/17135-victoria-ahead-of-nsw-in-mortgage-volumes-according-to-new-data?utm_source=SmartPropertyInvestment&utm_campaign=13_11_17&utm_medium=email&utm_content=1

Victoria ahead of NSW in mortgage volumes, according to new data

Victoria has emerged as the state with the highest growth in property lodgement volumes since last quarter, says one of Australia’s largest mortgage broking groups.

Smart Property Investment

http://www.afr.com/business/avocados-smashing-it-with-most-expensive-farmland-in-australia-20171110-gzilqy

Avocados smashing it with most expensive farmland in Australia

Neil Delroy is thinking about buying a racehorse and naming it Smashed Avocado.

The Australian Financial Review

https://www.mortgagebusiness.com.au/breaking-news/11669-nab-to-hire-600-technology-specialists

NAB to hire 600 technology specialists

The big four bank has announced that it will immediately hire 600 technology specialists in software engineering, data, architecture, and security.

Mortgage Business

https://sourceable.net/australian-construction-workers-in-massive-demand/

Australian Construction Workers in Massive Demand

Skilled construction professionals are in massive demand throughout Australia as record levels of building activity feed through to record levels of employment within the sector.

Sourceable

http://www.theaustralian.com.au/life/home-design/prestige-property/trophy-homes-richlister-tim-gurner-smashes-toorak-sale/news-story/87c10ac8047dbf08a0e0d7e8715672fc

Richlister Tim Gurner smashes Toorak sale

Marshall White agent Marcus Chiminello secured the sale five weeks after offers closed. Gurner and wife Aimee had expectations of $8.3m-$9.1m.

The Australian

http://www.afr.com/real-estate/commercial/meriton-gamed-tripadvisor-reviews-20171110-gzim9a

Meriton 'gamed' TripAdvisor reviews

Harry Triguboff's Meriton deliberately implemented a strategy to minimise the number of negative reviews on travel review website TripAdvisor.

The Australian Financial Review

http://www.afr.com/personal-finance/mortgage-stress-grows-in-the-suburban-fringe-20171107-gzgwac

Mortgage stress grows in the suburban fringe

Many young home buyers across the nation growing increasingly nervous about the potential impact of even a small mortgage rate rise on their family budget.

The Australian Financial Review