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New South Wales (NSW)Sydney

People

McGrath launches lower cost mid-week auctions in Sydney's eastern suburbs

McGrath Coogee will hold its first mid-week auction event tonight, targeting investors in the sub-$1 million market.

National

The Economy

New house sales down for second month in a row

New house sales rose in three states, but large falls in Queensland and Western Australia dragged the overall result into negative territory.

New South Wales (NSW)Sydney

Featured Property

Connells Point castle with magical water views

This palatial architect-designed home includes a library, pool, gymnasium and even a glass encased car showroom. For sale by Simon Platt and Grant Dale of Lifestyle Property Agency.

National

Politics

Australia could face 'credit crunch' if banks significantly tighten lending standards: UBS

If the banks tighten credit standards in the wake of the scandalous findings of the royal commission, we could see weaker house prices for a few years as house prices are largely determined by the availability of credit, says UBS.

National

People

NAWIC's Women’s Day scholarship goes to Dr Phillippa Carnemolla to study school girl's perception of careers in construction, trades

The National Association of Women in Construction's International Women’s Day Scholarship has gone to industrial designer, researcher and design educator, Dr Phillippa Carnemolla.

People

Ray White Indonesia celebrates its top agents at Jakarta awards ceremony

Ray White Indonesia celebrates top agents from its 175 offices all across the archipelago.

Queensland (Qld)

Featured Property

Karaka: stylish tropical sanctuary with Asian influences

Agent Tony McGrath of The Pink Company told WILLIAMS MEDIA, “This is the most visually striking house in Port Douglas”.

New South Wales (NSW)Sydney Victoria (Vic.)Melbourne

The Economy

Record auction numbers weigh on clearance rates

More auctions were held across Australia last week than ever before, with almost 4,000 homes listed to go under the hammer.

New South Wales (NSW)Sydney

The Economy

Original condition Potts Point penthouse sells for $1.1 million over reserve

Samuel and Jane Schumann of Di Jones Real Estate sold the original-condition Potts Point penthouse for $4.4 million. There were 17 registered bidders at the auction.

International

Design

The campaign to eradicate 'hostile design'

We hear a lot about how good architecture and design can improve the quality of our lives, but a new form of architecture actively discourages users from enjoying themselves.

Pages

News Roundup

http://www.propertywire.com/news/australasia/australia-property-auctions-cities-2015082510906.html

Auctions set to continue as popular means of selling a home in Australia

While housing market conditions remain strong in Australian cities, particularly in Sydney and Melbourne, auctions will continue to be a popular way of selling a residential property, new research suggests.

Property Wire

http://www.theaustralian.com.au/business/latest/sydney-property-gains-to-ease-in-2016/story-e6frg90f-1227493051384

Sydney property gains to ease in 2016

Sydney's red hot housing boom is tipped to come to an end next year, and the market will even play second fiddle to Melbourne. Prices in Sydney for houses and units are expected to rise by five per cent next year, following years of double digit price growth, property valuation firm Propell says in its latest housing report.

The Australian

http://www.straitstimes.com/business/park-hotel-group-expands-into-australia

Park Hotel Group expands into Australia

Singapore-based Park Hotel Group has inked a deal to manage an upcoming hotel in Adelaide. The 30-storey project in the city centre will consist of 280 private residences, 250 guest rooms and suites, a restaurant, swimming pool and other facilities. The private residences will be put up for sale.

The Straits Times

http://www.news.com.au/finance/real-estate/auctions-popular-in-hot-home-markets/story-fndban6l-1227492093802

Cities that are addicted to auctions

Just over a quarter of residential properties offered for sale in Australia went to auction last financial year, but the proportion was over a third for Sydney, Melbourne and Canberra.

news.com.au

http://www.domain.com.au/news/agrade-properties-to-hit-the-melbourne-auction-market-come-spring-20150822-gj5f0l/

A-grade properties to hit the Melbourne auction market come spring

"For Sale" signs were placed on hundreds of million-dollar-plus properties in Melbourne last week as the market readied for the peak spring selling season.

Domain News

http://www.smartpropertyinvestment.com.au/opinion/14499-how-property-is-shaping-australia-s-wealth

How property is shaping Australia's wealth

Property and its ability to supercharge investors' fortunes continues to produce headlines and generate debate - but what role is it actually playing in our wealth creation?

Smart Property Investment

http://www.theage.com.au/victoria/health-and-welfare-on-the-up-but-house-prices-dragging-us-down-report-20150820-gj3hlp.html

Health and welfare on the up, but house prices dragging us down: report

The massive jump in the cost of buying or renting a house is having a profoundly negative impact on Australia, and policies imposed by Canberra and state governments are making the problem worse, a housing expert has warned.

The Age

http://www.theguardian.com/australia-news/2015/aug/24/luke-foley-wants-ban-on-property-developers-and-agents-being-councillors

Luke Foley wants ban on property developers and agents being councillors

Luke Foley, leader of the Labor opposition in New South Wales, wants to ban property developers and real estate agents from being local councillors. Foley has also called on the NSW government to reverse the decision to let councillors vote on planning controls that could benefit them.

The Guardian