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Inspiring reunion at The Agency with Leanne Byrnes appointed as General Manager of Property Management – The Agency

The Agency’s National Head of Property Management, Maria Carlino has appointed Leanne Byrnes to take on the position of General Manager.

New South Wales (NSW)Sydney

The Economy

Drop in vacancies signals positive news for Sydney residential rental market

The REINSW Vacancy Rate Survey results for June 2021 show that residential rental vacancies in Sydney have dropped for the second consecutive month and the rate now sits at 3.1%.

New South Wales (NSW)Sydney

The Economy

REINSW: Stable demand can support supply innovation

With low interest rates to remain a reality for some time, contributing to the relative stability of economic influences affecting real estate, the pressure is on Governments at all levels to identify new ways to increase supply and tackle the affordability issue, according to the Real Estate Institute of NSW (REINSW).

South Australia (SA)Adelaide

People

Ray White South Australia welcomes leading Kensington team

Andrew Welch is joined by his wife Melissa who will be taking on a property management position in the business. They are also joined by sales associate Tim Knowling, and office manager Belinda Carbone at Ray White Kensington. Ray White South Australia / Northern Territory CEO Matt Lindblom warmly welcomed the team into their new office.

New South Wales (NSW)Sydney

People

REINSW 2021 Awards for Excellence finalists announced

The Real Estate Institute of New South Wales (REINSW) has announced the finalists for its annual Awards for Excellence.

Queensland (Qld)Brisbane

Featured Property

Renovation opportunity within 7km of Brisbane CBD - REAL Specialists

Positioned in the perfect location for families, professional couples, or buyers looking to add their own touches within the renovation process. For sale by Gail Bernardin of REAL Specialists.

New South Wales (NSW)

People

Three sales for Aaron Highfield of REAL Specialists amid "mass migration" to Tweed area of NSW

"You have to be quick when the property you’re looking for presents itself," Aaron Highfield told WILLIAMS MEDIA.

Queensland (Qld)Gold Coast

People

LJ Hooker opens high-end office in Nobby Beach

LJ Hooker Property Hub has bolstered its Gold Coast offering with the opening of the new Nobby Beach office spearheaded by selling principals Perry Brosnan (Mermaid Beach) and David Brown (Burleigh Heads), joining other directors David Manby and Raymond Pienaar. LJ Hooker Group State Director, Stephen Mutton, said: “The opening of the new Nobby Beach office cements LJ Hooker Property Hub’s position across a large and dominant Gold Coast market.

National

The Economy

Detached dwelling approvals remain elevated in May - HIA

“Detached building approvals fell back in May 2021 from the record level set in April but remain elevated,” stated HIA Economist, Angela Lillicrap.

People

A real asset to the team

Nick Mihelis has a lifetime of property experience and he joins the Real Properties team as Director of Residential Projects.

Pages

News Roundup

http://www.afr.com/real-estate/performance-dashboard-western-sydney-suffers-worst-mortgage-stress-20171129-gzvl46

Western Sydney suffers worst mortgage stress

Western Sydney is one of the country's hardest-hit areas for mortgage stress, with one in 10 households struggling to meet their mortgage payments, according to a new series of housing affordability indicators the federal government will soon release.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/avjennings-eyes-build-to-rent/news-story/854199b37d80d10a4ffade1b6f3a4bc0

AVJennings eyes build to rent

Listed residential developer AVJennings is looking to develop high-quality residential build-to-rent projects aimed at long-term investors.

The Australian

https://sourceable.net/lacrosse-builder-finally-agrees-replace-flammable-cladding/

Lacrosse Builder Finally Agrees to Replace Flammable Cladding

Three years after fire ripped from the sixth floor to the 21st floor in minutes, the builder behind the Lacrosse apartment towers in Melbourne’s Docklands has agreed to replace the combustible cladding.

Sourceable

http://www.afr.com/real-estate/cba-crackdown-to-ensure-property-market-sustainability-20171128-gzus7w

CBA crackdown to ensure property market 'sustainability'

The Commonwealth Bank, the nation's largest home lender, is launching a major overhaul of its lending policies.

The Australian Financial Review

https://www.mortgagebusiness.com.au/breaking-news/11729-housing-imbalances-still-exposing-banks-to-risk-s-p?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin30_11_17&utm_medium=email&utm_content=1

Housing imbalances still exposing banks to risk: S&P

Standard and Poor’s has released an Australian banking sector update which reveals that house prices and private sector borrowing imbalances are still exposing the banks to risk.

Mortgage Business

https://sourceable.net/what-can-be-hidden-from-an-unsuspecting-buyer/

What Can Be Hidden from an Unsuspecting Buyer?

Is that new paint job hiding water damage?

Sourceable

http://www.afr.com/real-estate/japans-daiwa-house-expands-in-australia-with-purchase-of-volume-builder-rawson-group-20171128-gzujte

Japan's Daiwa House expands in Australia with purchase of volume builder Rawson Group

Tokyo-listed Daiwa House has expanded into Australia's volume house building sector with the acquisition of the fifth-biggest home builder in NSW.

The Australian Financial Review

http://www.afr.com/real-estate/unsustainable-debt-forces-mortgage-broker-echoice-sale-20171128-gzusby

'Unsustainable debt' forces mortgage broker eChoice sale

eChoice, an award-winning mortgage aggregator with more than 400 brokers, could be sold to a 'major financial institution' after being placed into voluntary liquidation.

The Australian Financial Review