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House prices hit a 20 year record for annual growth: REIA real estate market facts

House prices have increased at the highest rates in two decades with a rise of 25.1% for the twelve months ending December 2021, the latest Real Estate Institute of Australia’s (REIA) Real Estate Market Facts has found.

New South Wales (NSW)Sydney

People

Western Sydney Agents, launch InHaus Estate Agents, motivated to make their own decisions

Two Western Sydney agents have joined forces, to launch their own business, InHaus Estate Agents, powered by UrbanX.

National

The Economy

Investors hold steady

While there may be a rental shortage across Australia, the number of investors buying up at auction has stayed steady in 2022 says Ray White.

Queensland (Qld)Gold Coast

People

Heart warming outcome for property search after years of border closures

Agent rates heart-warming outcome up there with delivering suburb record says Ben Williams RE/MAX Hall of Fame member.

National

The Economy

John McGrath - East Coast market observations

John McGrath founder and executive director of McGrath Estate Agents shares his observations on the current property market in the shadow of natural disaster and global unrest.

New South Wales (NSW)

People

One of Wollongong’s leading women in real estate has moved to Wollongong’s CBD

First National Real Estate has announced that one of Wollongong’s leading women in real estate Leanne Brailey Principal of First National Real Estate Brailey Figtree, has opened her new high-profile office at 345 Keira Street, Wollongong, rebranded as First National Real Estate Wollongong.

Queensland (Qld)Brisbane

Featured Property

Classic Ascot Spanish Mission bungalow for sale - Place

107 Anthony Street Ascot for sale by Patrick McKinnon and Drew Davies of Place Ascot delivers elegant, luxury living just 6km north of Brisbane CBD.

Victoria (Vic.)

Featured Property

Exclusive St Kilda Road apartment for sale with views to Port Phillip Bay - Kay & Burton

Apartment 1403/469 St Kilda Road for sale by Eleisha Doherty and Tommy McIntosh of Kay & Burton offers secure low maintenance living perfect for those desiring a city base, downsizers or investors.

Victoria (Vic.)Melbourne

Design

Eugene Gilligan "Our origin in Horticulture gives us a creative edge, rarely found in this industry"

Director, Eugene Gilligan, "Gardening was my hobby from a very early age, establishing my own practice seemed a natural step forward."

New South Wales (NSW)Sydney

Featured Property

Victorian pedigree with designer finishes Paddington terrace for sale - The Agency

59 Harris Street Paddington for sale by Ben Collier and Davide Talone of The Agency has been architecturally reimagined to offer an expanded layout.

Pages

News Roundup

http://www.afr.com/real-estate/commercial/sales/private-investors-snap-up-43m-of-childcare-centres-20180510-h0zvxz

Private investors snap up $43m of childcare centres

Private investors have pounced on an offering of 12 childcare centres in NSW, Victoria and Queensland, with 11 of them selling in 10 days for a combined $43 million.

The Australian Financial Review

https://www.brisbanetimes.com.au/national/queensland/realtor-banned-for-decade-after-directing-tenants-rent-into-her-own-account-20180510-p4zeic.html

Realtor banned for decade after directing tenants' rent into her own account

A Sunshine Coast real estate agent has been fined $25,000 and banned from the industry for a decade after directing tenants' rent into her own account for six months.

Brisbane Times

http://www.afr.com/real-estate/falling-home-ownership-should-prompt-tax-rethink-ahuri-20180509-h0zvig

Falling home ownership should prompt tax rethink: AHURI

Retirees are relying less on the family home as a store of wealth in retirement, strengthening the argument to end tax rules that favour home ownership over other assets, a new report by think tank AHURI says.

The Australian Financial Review

https://www.theage.com.au/national/victoria/developers-who-flattened-corkman-hotel-escape-justice-until-next-year-20180510-p4zek3.html

Developers who flattened Corkman Hotel escape justice until next year

It only took a weekend to tear down the heritage-listed Corkman Hotel but the two developers responsible will not face justice until more than two years after the demolition that shocked Melbourne

The Age

http://www.afr.com/street-talk/zone-q-on-cue-in-clarence-street-20180509-h0zvfd

Zone Q on cue in Clarence Street

There's nothing like a tight yield on a big Sydney tower to make people sit up and pay attention.

The Australian Financial Review

http://www.afr.com/real-estate/canberra-airport-group-irt-plan-aged-and-childcare-facility-in-denman-prospect-20180509-h0ztzj

Canberra Airport Group, IRT plan aged and childcare facility in Denman Prospect

Rich Lister Terry Snow's Canberra Airport Group has selected provider IRT Group to develop a $110 million aged care and childcare centre at its Denman Prospect master-planned suburb in Canberra.

The Australian Financial Review

https://www.brisbanetimes.com.au/national/queensland/resident-wins-appeal-against-toowong-champagne-flute-development-20180508-p4ze03.html

Resident wins appeal against Toowong 'champagne flute' development

A Brisbane resident has won an appeal against the approval of a three-tower complex at the former ABC studio site in Toowong.

Brisbane Times

https://www.theage.com.au/national/victoria/property-investors-could-choose-the-next-melbourne-lord-mayor-20180509-p4ze75.html

Property investors could choose the next Melbourne lord mayor

Property investors - a booming part of the City of Melbourne's demographic - could help deliver Sally Capp the lord mayoralty, if voter enrolment figures are any indication.

The Age