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As state borders open we need to remain vigilant: REIA

While no incidences of COVID-19 have occurred in the real estate industry, REIA president Adrian Kelly states we need to continue safe practices.

Western Australia (WA)

Featured Property

Historic WA deceased estate hotel for sale through Ray White

Freehold interest on this 120 year old hotel and two retail shops for sale through Phil Zoiti of Ray White Commercial (WA).

Western Australia (WA)

Construction

Featured Property

Historic Pilbara town for sale - LJH

Western Australia’s Government seeking proposals for a deserted Pilbara township for sale by Vincent Siciliano and Anna Guillesser of LJ Hooker.

New South Wales (NSW)

Featured Property

Fine rural living in Berrima for sale: The Agency

Tucked away in the lush green landscape of Berrima, this home is for sale through Ben Olofsen and Cameron McKillop at The Agency.

National

The Economy

Melbourne records highest rental vacancy rate in September

During September the national rental vacancy rate across Australia was 2 per cent, according to SQM Research.

National

The Economy

Sales of new homes increase since same time last year

“The full impact of HomeBuilder is now evident in the HIA’s New Home Sales Report with sales now 11.8 per cent higher in the seven months since restrictions came into effect than at the same time last year,” commented HIA Chief Economist, Tim Reardon.

New South Wales (NSW)Sydney

Featured Property

4-acre Terrigal with ocean views for sale - Sotheby’s

Yattarna 354 Scenic Highway Terrigal for sale by Annette Pinkerton, David Medina and James McCowan of NSW Sotheby’s International Realty offers resort-style living with Pacific panoramas.

National

The Economy

Properties selling above reserve expectations: Market Wrap

Auction volumes increase in Melbourne and properties sell above reserve prices across Australia, breaking records.

National New South Wales (NSW)Queensland (Qld)Victoria (Vic.)

The Economy

John McGrath – Spring market confidence defies pandemic

We are seeing renewed confidence in the market this Spring, with consistently healthy national weekend clearance rates of 60-65%, more new listings coming online, higher sales volumes compared to Spring last year and price growth in six out of eight capital cities in September, says McGrath Estate Agents founder and executive director John McGrath.

National New South Wales (NSW)Sydney

People

New boutique property agency, Cullen Royle, launches marking the start of a new trend in property services

Two of Australia’s highly experienced and trusted property agents in the luxury residential and rural sectors Deborah Cullen and Richard Royle have formed a partnership, launching a new business at a perfect time for the market, with the growing demand for personalised – rather than just transactional – service in 2020.

Pages

News Roundup

http://www.theage.com.au/business/aviation/backing-secured-for-major-airport-serving-melbournes-southeast-20170703-gx3efu.html

Backing secured for major airport serving Melbourne's south-east

A $7bm proposal to build a privately-owned international airport for Melbourne's south-east will be presented to the Victorian government next week.

The Age

http://www.news.com.au/finance/real-estate/renting/minister-admits-government-has-no-idea-how-many-homes-fitted-with-noncompliant-cladding-amid-messy-review/news-story/5921a224e9ccc420b5d9dcbea8d90ca8

Minister admits government has 'no idea’ how many homes fitted with non-compliant cladding

Timing on a nationwide audit is unclear.

news.com.au

http://www.cairnspost.com.au/realestate/cairns-homeowners-get-no-relief-after-insurance-council-meeting/news-story/667906b9238420ff0799b64d260a4624

Cairns homeowners get no relief after Insurance Council meeting

Cairns residents paid higher insurance premiums than other parts of the country due to the higher risk of cyclones and severe storms.

The Cairns Post

http://www.afr.com/business/banking-and-finance/interestonly-loan-switch-could-hit-households-for-10b-macquarie-20170703-gx3azh

Interest-only loan switch could hit households for $10b

The banks' move to push borrowers out of interest-only loans and towards principal and interest loans will eventually hit lending growth rates.

The Australian Financial Review

https://www.mortgagebusiness.com.au/breaking-news/11239-indigenous-home-ownership-rates-improving-but-still-low-census?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin03_07_17&utm_medium=email&utm_content=2

Indigenous home ownership rates improving but still low: Census

Data from the ABS shows growth in overall Indigenous home ownership from 36% in 2011 to 38% in 2016, but that number is still lower than the 65.5% home ownership rate for Australia in general.

Mortgage Business

http://www.theaustralian.com.au/business/property/tax-hikes-on-foreign-buyers-risk-killing-the-golden-goose/news-story/a663620395759ab1101dce7111d4817b

Tax hikes on foreign buyers risk ‘killing the golden goose’

Changes in government changes on foreign property investors risks “killing the golden goose”, says Victorian developer Tim Gurner, as Chinese sales and inquiries for local dwellings tumble.

The Australian

http://www.afr.com/business/media-and-marketing/publishing/fairfax-media-pressing-ahead-with-domain-spinoff-as-private-equity-bidders-move-on-20170702-gx2usm?eid=Email%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06/09/2016-BeforeTheBell-dom-business-nnn-afr-u&et_cid=29084680&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/business/media-and-marketing/publishing/fairfax-media-pressing-ahead-with-domain-spinoff-as-private-equity-bidders-move-on-20170702-gx2usm%3Feid%3DEmail%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06%252F09%252F2016-BeforeTheBell-dom-business-nnn-afr-u&Email_name=BTB-07-03&Day_Sent=03072017

Fairfax Media pressing ahead with Domain spin-off

Private equity bidders have moved on.

The Australian Financial Review

https://www.smartpropertyinvestment.com.au/spi-plus/latest-hotspots/16267-smart-property-investors-need-to-target-cinderella-suburbs-says-real-estate-ceo

Smart property investors need to target Perth “Cinderella” suburbs: real estate CEO

Travis Coleman, CEO of ACTON, says property buyers should be taking advantage of the upcoming upswing in the Perth property market, with coastal property offering prices under $350,000.

Smart Property Investment