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Featured Property

Architectural Bardon home with sweeping views - Place West

This multi-level residence presents outstanding lifestyle appeal in a quiet, elevated location. For sale by Sacha Hennessy of Place West.

Victoria (Vic.)Melbourne

People

Gardenridge director Don Thomson: designing and building gardens fulfills 'a creative spirit'

Award winning landscape company Gardenridge designs well-considered, well-built, and well-cared for gardens in Melbourne.

New South Wales (NSW)Sydney

Featured Property

Neutral Bay Federation Semi sold for first time in 20 years – The Agency

Sold by Dino Gatti and Adrian Garcia of The Agency for “well above” the top end of price guide range of $5.5m.

Queensland (Qld)Brisbane

Featured Property

Wooloowin contemporary sanctuary sold by Place

The family friendly home designed by Profile Architecture was sold by Patrick McKinnon and Jill Wright of Place Ascot for an undisclosed price.

Queensland (Qld)Brisbane

Featured Property

Sotheby’s sells Brisbane futurist home for $1.3m

The 4-bedroom home was sold after a competitive auction through Michael Vettoretto of Queensland Sotheby’s International Realty.

Victoria (Vic.)Melbourne

The Economy

Historic house prices for regional Victoria; Melbourne holds the line - REIV

The median house price in metropolitan Melbourne is $1,010,000 and $559,500 in regional Victoria, according to data released today from the Real Estate Institute of Victoria.

National

Politics

REIA is urging Government to improve supply planning around housing development

Real Estate Institute of Australia (REIA) is urging the Federal and State governments to improve planning approval times in a bid to address the diminishing housing supply.

National

The Economy

Mortgage serviceability cheaper than renting on over a third of Australian properties - CoreLogic

CoreLogic analysis suggests servicing a mortgage is now cheaper than paying rent on 36.2% of Australian properties, which is higher than the pre-COVID proportion of 33.9% reported in February last year.

New South Wales (NSW)

People

Kim Jones joins KOLLOSCHE Byron Bay

Leading real estate figure Kim Jones joins Kollosche Byron Bay. Kim hails from real estate royalty in Sydney where her late mother Di Jones has been a leading name in the boutique property sector for more than 25 years. “We’re thrilled to have Kim on board,” says Kollosche Director Michael Kollosche.

National

People

Finalists announced for Openn Excellence Awards 2021

Online real estate sales platform, Openn Negotiation, has announced the finalists for their upcoming virtual awards night on the 5th of August.

Pages

News Roundup

https://www.architecturaldigest.com/story/introducing-the-2018-ad100

Introducing the 2018 AD100

Architectural Digest's top 100 designers. See who made this year's list.

Architectural Digest

http://www.afr.com/markets/equity-markets/almost-half-of-all-housing-booms-end-in-tears-says-reserve-bank-of-new-zealand-20171206-h00aq2

Almost half of all housing booms end in tears, says RBNZ

When a housing bubble collapses it doesn't always mean a financial crisis will follow.

The Australian Financial Review

https://www.theguardian.com/business/2017/dec/04/art-set-to-become-best-performing-luxury-investment-asset-of-2017

Fine art to topple fine wine in 2017 luxury investment league

Rich investors burned in the financial crisis are back in the market for modern masterpieces, according to Knight Frank luxury investment index.

The Guardian

http://www.news.com.au/finance/real-estate/brisbane-qld/more-than-a-quarter-of-new-qld-homes-sell-to-foreign-buyers-anz/news-story/f013209375cee950936a323dcf1c6f99

More than a quarter of new QLD homes sell to foreign buyers: ANZ

More than a quarter of new homes built in Queensland are being bought by foreign buyers, new research from ANZ reveals. Foreign investors are estimated to have bought between...

news.com.au

http://www.afr.com/real-estate/rising-rental-guarantee-incentives-a-worrying-sign-for-apartments-20171205-gzyzc2

Rising rental guarantee incentives a worrying sign for apartments

Real estate agents and developers are offering rental guarantees, even advertising on personal ad website Gumtree, in a bid to push sales in a slowing housing market.

The Australian Financial Review

http://www.afr.com/real-estate/commercial/investment/auction-flop-highlights-gap-between-buyers-and-sellers-20171204-gzy815

Auction flop highlights gap between buyers and sellers

A commercial property portfolio auction delivered the lowest clearance rate of the year, highlighting the gap between vendor expectations and what investors are willing to pay.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/thomas-family-buy-historic-mt-schanck-station-for-50m/news-story/4f505eb4cf42614c58bdb6cbaedcb01a

Thomas family buys historic Mt Schanck station for $50m

The Thomas family, which operates Australia’s largest fully family-owned meat-processing company, has snapped up the iconic Mt Schanck station in South Australia’s southeast.

The Australian

https://www.propertyobserver.com.au/forward-planning/investment-strategy/property-news-and-insights/78821-underquoting-fine-on-nine-hockingstuart-doncaster-listings.html?utm_source=Property%20Observer%20List&utm_campaign=04bb4f505e-EMAIL_CAMPAIGN_2017_09_28&utm_medium=email&utm_term=0_a523fbfccb-04bb4f505e-245501829

Underquoting fine on nine Hockingstuart Doncaster listings

The Doncaster office of the real estate agency Hocking Stuart has been fined $160,000 by the Federal Court for underquoting on property listings.

Property Observer