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Housing inspections critical for Victorian renters, buyers and health of property sector - REIV

The Real Estate Institute of Victoria (REIV) is calling on the Victorian Government to allow private one-on-one property inspections, as part of any changes to lockdown measures potentially announced this week.

New South Wales (NSW)

People

First National Real Estate Casino RE Launch

First National Real Estate Casino co-principals, Mark Formiggan and Kel Gunther plan to deliver new marketing technologies that will ‘shake up the real estate playbook locally’.

New South Wales (NSW)

Featured Property

Spacious Lennox Head home with bushland views - REAL Specialists

The 5-bedroom home is within walking distance of the beach and lake and just 15 minutes drive to Byron Bay. For sale by Jodie Mitchell of REAL Specialists.

National

People

Openn Negotiation launches free private treaty solution

Online real estate sales platform, Openn Negotiation, has launched its private treaty solution – Openn Offers.

National

The Economy

Unity key to sustained fight against Covid-19 as property industry takes a hit says REIA

OPINION PIECE By Adrian Kelly, President, Real Estate Institute of Australia.

New South Wales (NSW)Sydney Queensland (Qld)Brisbane

People

LJH Prestige Brand Atlas names new partners

Two high-performance agents Mark Diamond and Stephanie Hearne have been named partners of Atlas by LJ Hooker, a company that services some of Australia’s most prestige marketplaces.

Queensland (Qld)Brisbane

People

Meet McGrath Brisbane’s Top 5 Performers

Five of McGrath’s Brisbane team have emerged as top performers over the past few years, with end of Financial Year results confirming their status as elite agents. Charles Higgins, General Manager of Company Owned Sales in Queensland shares what it takes to be an elite agent.

National

The Economy

John McGrath – What’s driving the rental market across Australia?

According to John McGrath founder and executive director of McGrath Estate Agents, the drivers of rental growth will remain in place for most of FY22.

Queensland (Qld)Brisbane

Featured Property

One-hectare Chandler estate for sale with every imaginable amenity, including 2 cinemas, 2 gyms and a gaming arcade – Place New Farm

The main residence features approx. 3,000sqm under roof, including a showcase garage for 35+ cars. For sale by Heath Williams of Place New Farm.

Queensland (Qld)Brisbane

Featured Property

‘One Glenny’: luxury riverfront apartment for sale - walking distance from Brisbane CBD - Place New Farm

Recently renovated, with a versatile floorplan, this Toowong boutique apartment is like living in a 6-star resort. For sale by Judy Goodger of Place New Farm.

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News Roundup

https://www.theaustralian.com.au/business/property/buyers-find-better-homes-as-property-market-softens/news-story/b22556bda70aff40b6bab302e458b197

Buyers find better homes as property market softens

As the housing market comes off the boil, families who once despaired of affording a home are now able to buy better-quality properties than they had hoped for.

The Australian

http://www.afr.com/real-estate/residential/gambling-debt-reports-sends-mcgrath-shares-crashing-20180205-h0tyti

Gambling debt report sends McGrath shares crashing

Shares in McGrath fell more than 8 per cent on Monday to a new intraday low of 43¢ after Fairfax Media reported founder John McGrath had accumulated a $16 million gambling debt.

The Australian Financial Review

https://www.architecturaldigest.com/story/gisele-bundchen-tom-brady-los-angeles-eco-conscious-home-article?mbid=nl_102017AM_Weekly&spMailingID=12867657&spUserID=MjM4ODc1NTYxNTY2S0&spJobID=1340198819&spReportId=MTM0MDE5ODgxOQS2

Gisele Bündchen and Tom Brady's House in Los Angeles

The supermodel and star quarterback commune with family and nature in a welcoming, eco-conscious residence.

Architectural Digest

http://www.afr.com/real-estate/high-property-prices-force-oneinfive-essential-workers-out-of-sydney-20180205-h0ts2w

High property prices force one-in-five essential workers out of Sydney

One-in-five teachers and emergency workers have been forced to relocate to outer and regional areas because rising property prices are outpacing their incomes and capacity to save a deposit.

The Australian Financial Review

http://www.abc.net.au/news/2018-02-04/how-tesla-sa-labor-free-battery-scheme-would-work/9394728

Elon Musk's Tesla plans to give thousands of homes batteries

South Australia's Labor Premier Jay Weatherill has unveiled what he expects to be a vote-winning power policy — 'free' solar panels and Tesla batteries for 50,000 homes, a gift from billionaire Tesla boss, Elon Musk.

ABC

http://www.afr.com/real-estate/apartment-prices-cut-and-buyer-incentives-boosted-as-developers-struggle-to-sell-20180202-h0suk9

Apartment prices cut and buyer incentives boosted as developers struggle to sell

Sellers are lowering prices on high rise inner-city apartments by up to 10 per cent, advisers are being offered $10,000 commissions, builders are adding 'free' luxury fixtures, and lenders are including new incentives.

The Australian Financial Review

https://www.mortgagebusiness.com.au/breaking-news/11897-economic-indicators-pointing-to-a-rate-hold

Economic indicators pointing to a rate hold

The Reserve Bank of Australia will have no choice but to keep the cash rate at its record low of 1.50 per cent, according to analysis by RateCity’s Rate Forecaster.

Mortgage Business

http://www.afr.com/personal-finance/how-to-choose-a-renovation-loan-that-wont-send-you-broke-20180201-h0rrts

How to choose a renovation loan that won't send you broke

The founder of The School of Renovating says renovators should familiarise themselves with the different features of lines of credit and construction loans, stay disciplined and stay within your renovation budget.

The Australian Financial Review