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Property prices down across Australia: REIA

The median house price for Australia's combined capital cities fell 0.8 per cent during the September quarter, according to the latest REIA Real Estate Market Facts report.

Queensland (Qld)

People

Ipswich 'landmark gateway' commercial site for sale

A 4,450sqm commercial site, deemed a 'landmark gateway' site by Ipswich Council, is for sale through Robert Dunne and Gregory Woods of Savills.

Queensland (Qld)Brisbane

Featured Property

Pier is the premier building in Brisbane

Offering sweeping views of the Brisbane River from the front, and views of the city skyline from the rear, this beautifully finished three-bedroom apartment is ideally located in one of Brisbane's most desirable suburbs. For sale by LJ Hooker New Farm.

National

The Economy

"Cooling not crashing": HSBC forecasts house price growth of 3-6% in 2018

Growth in house prices is slowing, particularly in Sydney and Melbourne, but the market is headed for a soft landing, says HSBC.

Queensland (Qld)Brisbane

People

A Brisbane family home on one of Ascot's best streets

An Ascot home for sale through Hamish Bowman and Brandon Wortley of Ray White New Farm.

National

The Economy

Interest-only loans at record lows

The value of interest-only loans approved during the September quarter dived 44.8 per cent, and were a record low as a proportion of total new mortgage lending.

Victoria (Vic.)

Featured Property

World-class prestige living: one of Manningham's most spectacular homes in Park Orchards' gated community, Melbourne

A remarkable, four-bedroom French Provincial-style family home in Melbourne's Manningham is for sale through Spiro Drossos of Barry Plant Doncaster East or Mark Di Giulio of Barry Plant Doncaster East.

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

The Economy

Outer Melbourne still recording solid clearance rates, though buyer demand softening city wide

Sydney and Melbourne auction clearance rates are languishing as buyer demand softens.

Queensland (Qld)Brisbane

Construction

Brisbane council approves Australia's longest zipline

Brisbane will soon be home to Australia's longest and highest zipline, allowing visitors to zoom through the treetops with their friends, and helping to cement Brisbane's position as a global city.

Victoria (Vic.)Melbourne

The Economy

Melbourne’s million-dollar listing boom: REIV

New REIV data shows that 154 Melbourne suburbs have a median house price of $1 million or higher, from a total of 402 suburbs.

Pages

News Roundup

http://www.9news.com/story/money/business/2015/06/30/vail-buys-aussie-ski-area/29510761/

Vail Resorts buys Australia's largest ski area for $135M

Vail Resorts Inc. said Tuesday it has closed on its purchase of Perisher Ski Resort, the largest ski area in Australia and the first international acquisition for the Broomfield-based resort and real estate company. Vail Resorts paid $134.8 million for the Australian resort.

Denver Business Journal

http://www.theaustralian.com.au/business/property/commercial-property-sales-on-track-to-reach-30bn/story-fn9656lz-1227422525784

Commercial property sales on track to reach $30bn

Australian commercial property volumes are tracking behind last year’s record levels but a raft of mega-deals looming in the second half could see sales approach the $30 billion barrier.

The Australian

http://www.perthnow.com.au/realestate/buying/biggest-piece-of-property-on-earth-up-for-sale-in-australia/story-fnhlgp6j-1227420251801

Biggest piece of property on Earth up for sale in Australia

The largest private piece of land on Earth is up for sale — and it’s right here in Australia. The massive chunk of outback territory comprises 10 working cattle stations spanning 11 million hectares — which is about three quarters of the size of England.

Perth Now

http://www.afr.com/real-estate/residential/house-prices-to-drop-in-2017-bis-shrapnel-20150629-ghzr78

House prices to drop in 2017: BIS Shrapnel

House prices will start falling in 2016-17 as the threat of rising interest rates coincides with worsening affordability, a big increase in supply and weaker investment returns according to forecaster BIS Shrapnel.

The Australian Financial Review

http://www.news.com.au/finance/real-estate/expert-says-get-rid-of-mum-and-dad-monopoly-investors-tax-concessions-to-create-perfect-storm-for-affordable-housing/story-fncq3era-1227417403060

Expert says get rid of mum and dad monopoly investors, tax concessions to create ‘perfect storm’ for affordable housing

Dr Kate Shaw, an urban geography and planning expert at the University of Melbourne, says not only does there need to be a cultural shift in attitudes to long-term renting, but a federal governmental shift as well. “What we need to do is have a secure, long term affordable rental market (which is easier said than done, of course),” she explained.

news.com.au

http://nreionline.com/finance-investment/high-net-worth-investors-hungry-real-estate-survey-finds

High Net Worth Investors Hungry for Real Estate, Survey Finds

North American real estate remains more popular with high net worth individuals than real estate in any other part of the world, with 67 percent of wealth managers expecting their clients to increase allocations here over the next five years.

National Real Estate Investor

http://www.afr.com/real-estate/perth-property-market-feels-just-like-a-recession-20150628-ghywoi

Perth property market 'feels just like a recession'

Perth is awash with vacant offices, while its stagnant housing market "feels just like a recession", property experts have warned.

The Australian Financial Review

http://www.theherald.com.au/story/3176715/wall-of-chinese-capital-buying-up-australian-properties/?cs=4219

Wall of Chinese capital buying up Australian properties

The "wall of Chinese capital" hitting property markets in Sydney and Melbourne will not ease up until the government introduces its anti-money laundering legislation, says an expert in 'flight capital'.

Newcastle Herald