The Real Estate Conversation

A phenomenal September says McGrath Northbridge

McGrath Northbridge have sold 10 properties in September with a total value of $36.6 million. One of the sales was the long-time home of Ron and Val Ewen. Ron supplied shredded lettuce and tomatoes to McDonalds, “the man who puts lettuce into your hamburgers”.

BMT shares the top three depreciation mistakes

Depreciation saves investors thousands of dollars each and every year. It’s the only non-cash deduction available, meaning they never need to spend anything to claim it.

Politics

Real Estate Institute of Australia: Budget 2020 and what it means for Australia’s real estate professionals

"The Australian Government’s focus on creating employment and generating reemployment through various Budget measures is welcomed by REIA and is good news for tenants, investors, home owners and those wishing to sell."

National New South Wales (NSW)

Politics

Budget 2020: A strong budget if forecasts become reality says REIA

The Real Estate Institute of Australia (REIA) has said that the critical Budget 2020 has provided an encouraging outlook for all players in the Australian property market.

Queensland (Qld)Brisbane

People

New-look Place expands presence as it celebrates 18th anniversary

Brisbane's Place Estate Agents have celebrated a triple milestone, with the opening of a new office on James Street coinciding with the agency's 18th anniversary and subsequent rebrand.

John McGrath – Advice for Spring sellers

John McGrath, founder and executive director of McGrath Estate Agents outlines advice for selling in Spring.

New South Wales (NSW)Sydney

REIA Questions focus of 10,000 new places for First Home Buyers

The Real Estate Institute of Australia (REIA) has expressed reservations about the release of 10,000 new places for first home buyers to build a new home or purchase a newly built home under the First Home Loan Deposit Scheme.

Featured Property

Private sanctuary steps from vibrant Woollahra village

Delivering superior modern comfort and quality, this John Grove designed home is for sale by Ben Collier of The Agency.

Tasmania (Tas.)Victoria (Vic.)

People

Get to know Dominic Romeo of Circa Heritage and Lifestyle Property

“Knowledge, expertise and experience is key to selling heritage property,” Dominic Romeo, Circa Heritage and Lifestyle Property.

Pages

News Roundup

http://www.theaustralian.com.au/business/property/one-in-four-us-malls-face-closure-in-five-years-credit-suisse/news-story/3496acba68e785a4d8cbf5cffc84a6ab

One in four US malls face closure in five years

Credit Suisse has predicted that up to 25% of America’s malls will close within five years following a string of bankruptcies and closures.

The Australian

http://www.afr.com/real-estate/residential/airbnb-set-to-launch-premium-tier-to-compete-more-with-hotels-20170622-gww4ee

Airbnb set to launch premium tier to compete more with hotels

Airbnb is close to launching a service that will match guests with quality-inspected homes and apartments.

http://www.theaustralian.com.au/national-affairs/state-politics/nsw-budget-2017-sweeteners-have-firsttime-buyers-ready-to-go/news-story/808cbbba8631f1ce63f5027648b3898e

NSW budget: sweeteners have first-time buyers ready to go

Mortgage broker Samantha Cranny says she is seeing an increase in enquiries from FHB.

The Australian

https://www.domain.com.au/news/nsw-budget-201718-government-finally-acknowledges-investors-squeezing-firsthome-buyers-out-20170620-gwumb4/

NSW budget: Government acknowledges investors squeezing FHB out

“First-home buyers often face strong competition for off-the-plan properties from investors”: budget statement.

Domain

http://www.afr.com/real-estate/residential/exdeloitte-ceo-domenic-martino-backs-rental-app-that-cuts-out-estate-agents-20170526-gwdyrt

Ex-Deloitte CEO backs rental app that cuts out estate agents

Domenic Martino has backed his son Chris' rental disruption play, Rentwolf, an online rental marketplace that connects property owners and renters.

http://www.theaustralian.com.au/business/property/charity-plan-for-old-perth-railway-site/news-story/220be2c4582ec1506fe23ccec3e19f71

Charity plan for old Perth railway site

A children’s charity will develop two lots at a Perth site that formerly housed railway workshops.

The Australian

http://www.afr.com/real-estate/hong-kongs-nicholas-brooke-sydney-harbour-development-needs-good-leadership-20170621-gwvg1w

Sydney harbour development needs good leadership

The chairman of Hong Kong's Harbourfront Commission said cities such as Sydney needed to recognise the value of their waterfronts not just in financial terms for development, but as cultural and social assets that matter in the long run to their community.

http://www.afr.com/news/economy/monetary-policy/rba-escalates-vigilance-over-the-property-market-amid-record-debt-20170620-gwukyz

RBA escalates vigilance over the property market amid record debt

The RBA's concerns over financial stability are overshadowing rising confidence that a recovery in the labour market is gaining strength.