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Victoria’s OC Laws: The 5 Changes to Watch in 2021

If you own an apartment, townhouse or other strata-titled property, new laws affecting your Owners Corporation (OC), are due to take effect from 1 December 2021.

National

The Economy

First home buyers help drive housing market - HIA

“First home buyers accounted for 41 per cent of new loans issued over the past six months, the highest for more than a decade,” stated HIA’s Senior Economist, Nick Ward.

Queensland (Qld)Brisbane

Featured Property

Clayfield family entertainer with district views - Place

The home is well designed for families with growing children, who want room to move. For sale by Ann-Karyn Fraser of Place New Farm.

National

The Economy

Growth in housing finance approvals resumes - REIA

The March 2021 Lending to Households and Business figures released today by the Australian Bureau of Statistics show that the value of new loan commitments for housing rose again after a fall in February which came after eight consecutive months of growth, according to the Real Estate Institute of Australia (REIA).

New South Wales (NSW)

People

McGrath appoints Michael Murray as Head of Company Sales

McGrath Estate Agents today announced that Michael Murray has been appointed Head of Company Sales for the group with a clear mandate to grow overall agent numbers, productivity and marketshare.

New South Wales (NSW)

Featured Property

Natural paradise close to Lismore with additional income - REAL Specialists

Create a dream country home with pastural views just half an hour from the beach and 10 minutes from Lismore. For sale by Jodie Mitchell of REAL Specialists.

Western Australia (WA)Perth

The Economy

Perth median house price above $500,000 for first time since 2018 - REIWA

REIWA President Damian Collins said reiwa.com data showed Perth’s median house sale price had increased to $508,000 during April.

National

The Economy

CoreLogic: Home values continue to rise but the pace of growth loses steam in April

Australian housing values lifted by 1.8% in April according to CoreLogic’s national home value index, with the monthly pace of capital gains easing from a 32-year high in March (2.8%).

National

The Economy

John McGrath – Why 3 in 10 homes are selling pre-auction & how to buy this way

John McGrath founder and executive director of McGrath Estate Agents looks at why vendors are choosing to sell prior to auction when clearance rates are so high.

New South Wales (NSW)

Featured Property

One Patonga: Luxury beachside escape – Cullen Royle

This luxe NSW Central Coast retreat is for sale by Deborah Cullen of Cullen Royle in conjunction with Trent Iverson of Harris Iverson.

Pages

News Roundup

http://www.theaustralian.com.au/news/nation/salim-mehajer-in-car-crash-on-way-to-court/news-story/8da22f7bb14e2d9db4f6e4144f8dcdd4

Salim Mehajer ‘in car crash’ on way to court

Embattled property developer Salim Mehajer has been involved in an alleged car accident on his way to Sydney’s Downing Centre Local Court to begin an assault trial.

The Australian

http://thenewdaily.com.au/money/property/2017/10/15/the-block-open-inspection/

The Block: Thousands turn out to tour finished houses

Melbourne’s embrace of the 13th season of The Block has drawn huge crowds to the inspections of the five Elsternwick house offerings.

The New Daily

https://theconversation.com/room-sharing-is-the-new-flat-sharing-84359

Room sharing is the new flat sharing

High rents and short-term rentals are driving people to organise themselves to share rooms with strangers in order to live in the city.

The Conversation

http://www.afr.com/real-estate/residential-rezoning-announced-for-telopea-in-sydneys-west-20171013-gz0omw

Residential rezoning announced for Telopea in Sydney's west

The NSW government has announced a rezoning proposal for Sydney northwestern suburb Telopea to accommodate residential development of 4,900 new social and affordable homes.

The Australian Financial Review

http://www.smh.com.au/nsw/controversy-over-bronte-rsl-site-redevelopment-turns-violent-20171009-gyx8h3.html

Controversy over Bronte RSL site redevelopment turns violent

An incident involving the opponent of the redevelopment of the Bronte RSL is the latest flashpoint in a battle between residents and property speculators, one of a number of similar disputes taking place across Sydney.

The Sydney Morning Herald

http://www.smh.com.au/business/the-economy/chinese-buyers-set-to-keep-underpinning-australian-home-prices-analysts-20171011-gyynlx.html

Chinese buyers set to keep underpinning Australian home prices

Almost one in four new homes in NSW is being snapped up by a Chinese buyer, according to Credit Suisse analysis of NSW Revenue figures.

Sydney Morning Herald

http://www.afr.com/business/infrastructure/australias-hot-infrastructure-market-cools-as-investors-take-fright-20171010-gyygge?eid=Email%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06/09/2016-BeforeTheBell-dom-business-nnn-afr-u&et_cid=29099246&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/business/infrastructure/australias-hot-infrastructure-market-cools-as-investors-take-fright-20171010-gyygge%3Feid%3DEmail%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06%252F09%252F2016-BeforeTheBell-dom-business-nnn-afr-u&Email_name=BTB-10-12&Day_Sent=12102017

Australia's 'hot' infrastructure market cools as investors take fright

Australia is no longer the world's hottest market for infrastructure investment as unpredictable federal policies and a slowdown in asset sales encourages investors to look elsewhere.

The Australian Financial Review

http://www.huffingtonpost.com.au/2017/10/10/fearless-real-estate-agent-catches-shark-and-throws-it-back-into-ocean_a_23239273/

Fearless Real Estate Agent Catches Shark And Throws It Back Into Ocean

Sydney real estate agent Melissa Hatheier has attracted attention after catching a shark with her bare hands on Monday and returning it to the ocean.

Huffington Post