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International

Design

Luxurious and historic Bel-Air hotel on the market for measly US$225 Million

The Conrad Hilton estate - Casa Encantada - has come on the market for the first time in decades.

Queensland (Qld)Sunshine Coast

Construction

Sod turn on latest in luxury living on Sunshine Coast

Curve Birtinya is the latest $37 million project to be built by Cube Developments on the Sunshine Coast and the properties are being snapped up fast.

National

The Economy

Villa World has new AVID owner

AVID Property Group is set to acquire ASX-listed residential developer Villa World Limited in a $410 million deal.

Queensland (Qld)

Featured Property

‘Pebble Beach’: world-class island living

Enjoy your very own island getaway with this private Hamilton Island retreat. For sale by Liam Kearney of Hamilton Island Real Estate.

Victoria (Vic.)

People

New president elected for Real Estate Institute of Victoria

Leah Calnan is the new name and face for the REIV during the 2019-2020 term.

National

The Economy

First Home Owner Scheme officially legislated

The Bill to allow first home buyers easier access to the property market has now been passed in both the upper and lower houses.

New South Wales (NSW)

Design

Winners announced at 2019 NSW Country Division Awards for architectural excellence

The results of great inspiration were rewarded at the latest Australian Institute of Architects’ NSW Country Division Awards recently.

New South Wales (NSW)

Featured Property

North Point Residence: luxurious beachfront oasis

This designer home features a parent's retreat, complete with marble ensuite, lounge, and gym, known as the 'Round House'. For sale by Nick Witheriff and Carol Witheriff of LJ Hooker Kingscliff.

New South Wales (NSW)Sydney

People

McGrath grows Sydney’s northside footprint into Castle Cove

Craig and Sharon Ireson join the company to expand its presence in Lower North Shore – considered one of the most desirable precincts in Australia.

National

The Economy

Increase in supply leads to sluggish rental markets with national rents down -0.1 per cent in September

Adelaide shines as the only capital city to record a month on month rise in rents, says CoreLogic report

Pages

News Roundup

http://www.afr.com/news/economy/monetary-policy/rba-leaves-cash-rate-steady-mixed-on-housing-risks-20161004-gruqke

RBA leaves cash rate steady, mixed on housing risks

New RBA governor Philip Lowe has smoothly transitioned from the Glenn Stevens-era by holding the cash rate steady, but his statement has raised concerns the central bank is quietly concerned about rising house prices.

The Australian Financial Review

http://www.afr.com/real-estate/if-you-own-a-home-in-randwick-youre-set-for-life-20161004-grub6p

If you own a home in Randwick, you're set for life

No one wants to sell their houses in Randwick, where new Reserve Bank of Australia boss Philip Lowe lives.

The Australian Financial Review

http://www.sbs.com.au/news/article/2016/10/04/overseas-property-interest-australia-stays-strong

Overseas property interest in Australia stays strong

Crown chief executive Iwan Sunito says "the number of foreign buyers is still constantly the same" at around 30%.

SBS

http://www.afr.com/news/world/panic-buying-fears-as-china-cracks-down-on-property-investors-20161004-grue99

Panic buying fears as China cracks down on property investors

China's second-richest man Wang Jianlin, who made his fortune in real estate, told CNN the Chinese property market was the "biggest bubble in history". In the last week, nine cities have unveiled restrictions aimed at cooling the housing market.

The Australian Financial Review

http://www.afr.com/real-estate/u-sydney-wins-australias-first-real-estate-case-competition-20161004-grubvi

Sydney Uni wins Australia's first real estate case competition

The inaugural University of Sydney Business School Real Estate Case Competition involved Goldfields House in Sydney.

The Australian Financial Review

http://www.smh.com.au/nsw/when-should-landlords-be-allowed-to-evict-tenants-20160928-grqxlh.html

When should landlords be allowed to evict tenants?

With predictions that half the population of NSW could soon be renting, tenancy advocates are arguing that new mechanisms should be established to give tenants confidence and security.

The Sydney Morning Herald

http://www.domain.com.au/news/biggest-surge-in-new-homes-in-16-years-data-shows-20161003-grtlrf/

Record number of new homes built in Sydney in 16 years, data shows

An additional 30,000 homes were built in Sydney in the last financial year, the most building activity since the city’s 2000 Olympic Games, but experts say it isn’t enough to improve affordability.

Domain

http://www.afr.com/real-estate/westpac-tightens-interestonly-investor-home-loans-20161003-grtx0e

Westpac tightens interest-only investor home loans

Regulatory pressure has prompted Westpac to toughen lending conditions on investment property loans, the third change to its mortgage products in three months.

The Australian Financial Review