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Queensland (Qld)

People

Team Surti joins Queensland Sotheby's International Realty

Queensland Sotheby’s International Realty has welcomed the addition of Hope Island real estate specialist Suni Surti.

Victoria (Vic.)Melbourne

Featured Property

Grand proportions and contemporary luxury in Toorak

A private oasis amongst some of Toorak’s most sought-after addresses, this contemporary home offers impressive entertaining options and chic living spaces. For sale by Nicole Gleeson and Michael Gibson of Kay & Burton South Yarra. For sale by Nicole Gleeson and Michael Gibson of Kay & Burton South Yarra.

National

The Economy

New research identifies housing markets where prices are 'set to soar'

Data from property marketing organisation Select Residential Property has listed the Australian suburbs that are best placed to experience a rise in property values across the next three years.

Queensland (Qld)Brisbane

Construction

Top location puts Savvi apartment buyers in the box seat

Upper Mount Gravatt, home to the boutique Savvi Apartments project, is rapidly emerging as a new regional powerhouse for Brisbane.

National

The Economy

Tax deductions at risk for 'live-in' renovators

New data from BMT Tax Depreciation shows over one in four people had lived in their property prior to renting it out.

New South Wales (NSW)Sydney

Featured Property

Port Hacking beachfront oasis with luxury beach house

This multi-level waterfront home combines breathtaking views, with resort-style features such as cinema room, home gymnasium, indoor spa, and sauna. For sale by Steve Day of McGrath Cronulla.

The Economy

Perth and Adelaide revealed to have most affordable rents

CoreLogic's Quarterly Rental Review for 2019 has shown that national weekly rents have risen by 1 per cent during the first three months of the year.

National

The Economy

Capital city clearance rates hold steady as sub-regions shine

Sydney's South West and Melbourne's North West and Outer East have recorded strong clearance rates in the CoreLogic auction results from last week.

Victoria (Vic.)Melbourne

Featured Property

Middle Park urban sanctuary

This award-winning renovated home offers subtle sophistication in an enviable lifestyle location, 5 kilometres from Melbourne’s CBD. For sale by Simon Gowling and Greg Hocking of Greg Hocking Holdsworth.

National

The Economy

Divorcees Downsizing to Apartments

There has been an increase in the amount of single parents heading to strata communities, according to Archers the Strata Professionals.

Pages

News Roundup

http://www.afr.com/real-estate/mansion-prices-tumble-in-port-douglas-20160505-goncc1

Mansion prices tumble in Port Douglas

Vendors have slashed millions from the asking prices of some of the most expensive and extravagant mansions in Port Douglas and the nearby Daintree in tropical north Queensland.

The Australian Financial Review

http://www.afr.com/real-estate/childcare-centres-leased-to-g8-education-for-sale-could-fetch-30m-20160509-gopr1u

Childcare centres leased to G8 Education for sale could fetch $30m

A private investor has offered for sale four childcare properties leased to listed education group, G8 Education in Queensland and South Australia.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/rentcomau-on-a-roll-as-it-gathers-bill-moss-and-charles-tarbey/news-story/480602d0f5929e99062b313a00916f1f

Rent.com.au on a roll as it gathers Bill Moss and Charles Tarbey

High-profile former Macquarie executive Bill Moss has joined the investor list at online rental property service Rent.com.au after the ASX-listed group successfully wrapped up a $5.5m capital raising yesterday.

The Australian

http://www.afr.com/real-estate/citi-downgrades-mirvac-on-fears-foreigners-cant-borrow-money-20160509-gopnkw

Citi downgrades Mirvac on fears foreigners can't borrow money

Citi has downgraded Mirvac because it believes foreign buyers might struggle to secure loans to buy the apartments being built by the listed real estate group.

The Australian Financial Review

http://www.afr.com/real-estate/rate-cut-budget-changes-add-fizz-to-flat-property-market-20160505-gonmr8

Rate cut, budget changes add fizz to flat property market

Rate cuts, budgetary changes to superannuation and unchanged negative gearing rules will add fizz to a property market flattened by a squeeze on local and overseas lending, say property analysts, brokers and agents.

The Australian Financial Review

http://www.afr.com/business/banking-and-finance/anz-westpac-hit-by-hundreds-of-chinese-home-loan-frauds-20160508-gop6n1

ANZ, Westpac hit by hundreds of Chinese home loan frauds

ANZ and Westpac have discovered they have each approved "hundreds" of home loans backed by fraudulent Chinese income documents, which were allegedly manufactured with the help of dodgy mortgage brokers.

The Australian Financial Review

http://www.afr.com/business/banking-and-finance/mortgage-brokers-to-remain-in-spotlight-after-asic-review-20160506-goo666

Mortgage brokers to remain in spotlight after ASIC review

The corporate watchdog is ready to follow this year's review of mortgage broker commissions with detailed investigative work in the sector, including shadow-shopping or file reviews, after consumer groups said the initial probe was too narrow in scope.

The Australian Financial Review

http://www.afr.com/business/banking-and-finance/bank-demands-1000-buffer-before-lending-20160506-goo7hz

Bank demands $1000 buffer before lending

A lender is weeding out unsuitable local house buyers by warning they need minimum monthly surplus income of $1000 after deduction of all taxes, costs and expenses to qualify for a loan.

The Australian Financial Review