The Real Estate Conversation

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Rental contracts are being amended to restrict subletting tenants

There are good reasons for landlords to require written permission for tenants to sub-let their properties, says REIA president, Malcolm Gunning.

Queensland (Qld)

Featured Property

On top of the world: 'Eagles Nest' Port Douglas has views from the Great Barrier Reef to the Daintree

A 1,000sqm immaculate Port Douglas home is for sale with Callum Jones of The Pink Company Port Douglas for $4.25 million.

National

The Economy

2016 Census: what does it tell us about housing in Australia?

The data in the 2016 census confirms trends we already know about: the population is growing strongly, fewer people own their homes, more people are renting, and household size is shrinking.

National

The Economy

The best and worst suburbs to buy off the plan

Waterloo in NSW, inner-city Melbourne, and Fortitude Valley in Queensland are higher risk areas to buy off-the-plan apartments, according to new research from Risk Wise Property.

Victoria (Vic.)Melbourne

Construction

Tim Gurner to expand into offices

Tim Gurner, best known for residential property development, has revealed plans to develop a $90 million office tower.

Victoria (Vic.)Melbourne

Featured Property

Ornate Victorian home with sleek contemporary addition creates a timeless investment

An attractively renovated Brighton home in a quiet cul-de-sac is for sale through Justin Follett and Marcus Heron of Follett & Co for $2.45 million.

National

The Economy

When is the right time to refinance?

Bill Tsouvalas, CEO of Savvy Finance, says borrowers should wait until they have built up at least 20% equity in their home before refinancing.

New South Wales (NSW)Sydney

Design

Danish architects 3XN to redesign Sydney Fish Market

Sydney Fish Markets will be redeisgned by Danish architects 3XN Architects, who are also designing Quay Quarter Tower.

South Australia (SA)Adelaide

People

Get to know Vanessa Grant, sales partner with Toop&Toop

Vanessa Grant, sales partner with Toop&Toop, says "service is my mantra".

New South Wales (NSW)Sydney

Featured Property

Join the Palm Beach A-list in a home with self-contained apartment

A newly built home in Sydney's Palm Beach with ocean views and within an easy stroll of the beach is for sale for $5.5 million through David Edwards of LJ Hooker Palm Beach.

Pages

News Roundup

http://www.theaustralian.com.au/business/property/lasalle-wary-of-hot-ma-sector/story-fnko7zi0-1227223191602

Australia’s hot real estate investment trust sector

The investment house LaSalle Investment Management, which is a unit of global real estate services firm JLL, has been tipped as a bidder for the $9 billion Investa Property Group platform, potentially with the support of the Abu Dhabi Investment Authority.

The Australian

http://www.theguardian.com/money/2015/feb/17/uk-mortgage-lending-landlords-first-time-buyers

More investors got mortgages in UK

Mortgage lending to UK investors purchasing rental properties soared in the last quarter of 2014, far outstripping the growth in lending to first-time buyers, according to figures from the Council of Mortgage Lenders.

The Guardian

http://www.afr.com/p/business/property/forgotten_sydney_suburbs_has_more_EwRRXS7E3N2qPsSmr8LcsI

Forgotten Sydney suburbs create property millionaires

Rising house prices and roving developers on the hunt for a bargain are making millionaires in a new swag of Sydney suburbs offering affordably priced development opportunities.

The Australian Financial Review

http://www.mortgagebusiness.com.au/breaking-news/8169-cba-reveals-home-loan-digitisation-plans?utm_source=Mortgage%20Business&utm_campaign=Mortgage_Business_Newsletter17_02_2015&utm_medium=email

CBA wants to digitise mortgage process

The Commonwealth Bank of Australia plans to harness the power of digital to improve mortgage origination. “There are multiple obstacles in Australia to reaching this goal, but that doesn’t mean it’s unachievable,” said CBA general manager of group lending services Dan O’Neill.

Mortgage Business

http://www.afr.com/p/national/apprenticeship_numbers_may_have_8ysT6OoOmfAaugpQPRc9CL

Building boom boosts apprenticeships

Figures from the National Centre for Vocational Education Research show that trainee commencements increased by 5,300 to 31,700 in the fourth quarter of 2014. Commencements in carpentry, plumbing and other traditional trades rose by 1,600 to 21,500.

The Australian Financial Review

http://www.smartpropertyinvestment.com.au/opinion/13974-7-tips-for-success-in-the-perth-property-market

7 tips for success in the Perth property market

The size and significance of the Western Australian residential property market has been highlighted by new ABS figures - so investors would be wise to take another look at Perth.

Smart Property Investment

http://www.bbc.com/news/world-africa-31471427

Foreigners banned from ownership in South Africa

Foreigners will be banned from owning land in South Africa under new proposals outlined by President Jacob Zuma. Locals will have limits set on the size of their farms under the proposals.

BBC News

http://www.theaustralian.com.au/executive-living/home-design/property-booms-create-nation-of-millionaire-homeowners/story-fn6njxlr-1227217583304

Nation of millionaire homeowners

There are at least 790,000 real estate millionaires in Australia and more are created daily as the number of million-dollar-plus properties continues to soar. Sydney has the lion’s share of the nation’s $1m-plus properties, taking 57 per cent, followed by Melbourne’s 28 per cent, Perth with 8 per cent, Brisbane with 5 per cent and Adelaide on 2 per cent.

The Weekend Australian