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Home loan approvals feel as good as 'winning the meat raffle' - survey

New research from St.George Bank has found home buyers liken the feeling of home loan approval to winning the meat tray raffle.

Victoria (Vic.)Melbourne

Featured Property

Absolute beachfront A-list luxury in Aspendale

Strikingly modern, this energy efficient, single level home takes in stunning views and offers direct access to the sand and sea. For sale by Ross Walker and James French of Buxton Brighton.

The Economy

Melbourne leads capital clearance rates as city continues strong June performance

Melbourne was the standout in last week's auction results, with agents attributing proactive bidding to an undersupply in the market.

New South Wales (NSW)

People

The Agency sets its sights on the Southern Highlands

The Agency’s Ben Olofsen and Cameron McKillop, of McKillop Property, have announced they are joining forces under The Agency banner to service the Southern Highlands, Southern Tablelands and Wollondilly regions.

New South Wales (NSW)Sydney

The Economy

Sydney's prime residential market reaches new high - Knight Frank

A new benchmark has been set for Sydney's prime residential market, according to the latest global research from Knight Frank.

New South Wales (NSW)

Featured Property

Picturesque Southern Highlands storybook retreat

With a flexible layout and proximity to popular schools and playing fields, this home is ideal for families. For sale by Dianna Reiche of McGrath Bowral.

National

People

How do you get started in the real estate industry with no experience?

Sharon Bennie of Specialist Property Recruitment gives an insight into getting a foothold in the real estate industry.

REINSW outlines advantages of prior learning program

Participants of the Real Estate Institute of New South Wales' Recognition of Prior Learning Program have discussed its advantages from an industry standpoint.

National

Design

Finest estate properties

Grand, indulgent, romantic, or historically significant, these are the top luxury estates found on Luxury List.

Victoria (Vic.)

Featured Property

Grayton House: European style and symmetry

This Macedon Ranges residence offers the opportunity to live a comfortable country life in atmospheric Woodend, with investor potential. For sale by Tom May and Paul Keane of Jellis Craig Woodend.

Pages

News Roundup

http://www.afr.com/real-estate/negative-gearing-changes-meant-something-to-margin-seat-holders-20160701-gpwrd0

Negative gearing changes meant something to margin seat holders

Many living in outer Melbourne suburbs, which includes marginal seats, believe excessive competition for property in the city is partly fuelled by negative gearing.

The Australian Financial Review

http://www.afr.com/opinion/election-2016-what-happens-next-if-there-is-a-hung-parliament-20160704-gpyki4

What happens next if there is a hung Parliament?

A fresh election is unlikely for at least six months, and politicians will have to deal with the Parliament the people have chosen, writes Professor of Constitutional Law.

The Australian Financial Review

http://www.theaustralian.com.au/federal-election-2016/federal-election-2016-property-chiefs-fight-negative-gearing-change/news-story/6b1fffb12fed8ff80369efdb553a9426

Property chiefs fight negative gearing change

The nation’s top property executives will meet this week to consider their next moves in a battle against cuts to negative gearing.

The Australian

http://www.yourinvestmentpropertymag.com.au/news/some-relief-for-oversupply-concerns-as-apartment-approvals-peak-219013.aspx

Relief for oversupply concerns as apartment approvals peak

Booming construction levels in Australia’s apartment market may be on the brink of entering a down cycle.

Your Property Investment

http://www.smh.com.au/business/consumer-affairs/domestic-violence-victims-given-the-power-to-terminate-rental-contracts-early-20160704-gpy1ky.html

Domestic violence victims given power to end rent contracts early

Victims of domestic violence in NSW will soon be able to flee their homes faster and without penalty for abandoning a rental property.