The Real Estate Conversation

Contact

Victoria (Vic.)Melbourne

Design

The sun shines on Brunswick East's new solar multi-residential project

Apartment living should not limit residents from accessing the benefits of solar energy, says Lucent

New South Wales (NSW)Sydney

Design

Architecture and design awards won by Arc by Crown Group

Two prestigious industry awards have been won by Arc by Crown Group for its iconic residnetial and hotel development.

Queensland (Qld)Sunshine Coast

Featured Property

Palatial Noosa Waters pavilion home sells in 1 day

Sold by Darren Neal and Adrian Reed of Reed & Co. Estate Agents, who told WILLIAMS MEDIA, “The energy is electric in the prestige end of the market at the moment."

Victoria (Vic.)Melbourne

The Economy

Increased interest in St Kilda Road residential development as it nears completion

Melbourne-based developer The Shakespeare Group has announced the topping out of its landmark $150 million St Boulevard development on St Kilda Rd.

Victoria (Vic.)Melbourne

The Economy

Sale of historic home for the first time in 40 years

Victorian mansion Ascot House, former home of Melbourne's Lord Mayor, has hit the market through CBRE

Victoria (Vic.)

People

House warming for real estate team's new home

RE/MAX ACPA has moved house and everyone is celebrating.

Queensland (Qld)Sunshine Coast

Featured Property

'Villa Asmara’: Bali-inspired luxury retreat

One of Queensland’s most amazing properties, this resort-style home is nestled within multi-award winning tropical gardens. For sale by Craig Porter of LJ Hooker Mooloolaba.

Australian Capital Territory (ACT)Victoria (Vic.)

The Economy

Could Canberra hold the secret to successful decentralisation?

It often gets a bad rap, but Canberra could hold the secrets to planning for Australia’s growing population and successfully decentralising our major cities, researchers say.

Victoria (Vic.)

The Economy

The future for Victoria is one of growth

The latest projections from the Victoria in Future 2019 report show Victoria’ population growing by an average of 125,000 people per year.

National

The Economy

Auction volumes and clearance rates steady in capital cities

Agents were busy across the country last week as steady volumes of properties up for auction gave similar results, says CoreLogic.

Pages

News Roundup

https://au.finance.yahoo.com/news/housing-overvalued-most-other-assets-043011238.html

Housing overvalued like most other assets

Housing is overvalued, or at least very expensive, depending on which measure you use. The problem is, so is just about everything else.

Yahoo7

http://www.smh.com.au/business/return-on-equity-for-canadian-banks-is-higher-than-australias-big-four-20161006-grwfzb.html

Return on equity for Canadian banks is higher than Australia's big four

Australia's bank bosses fronting the parliamentary inquiry have sought to play down the returns they earn by drawing a parallel with banks in Canada, another commodity economy similar in structure.

Sydney Morning Herald

http://www.abc.net.au/news/2016-10-06/victorian-crackdown-on-house-price-underquoting/7911082?section=business

Victorian crackdown on house price underquoting means national industry is on notice

A penalty against a Melbourne real estate agency for its price underquoting of houses could be a step towards a more transparent market for buyers.

ABC Online

http://www.dailymail.co.uk/news/article-3825357/The-best-Australian-homes-Chinese-millionaires-afford-buy-Welcome-Golden-Week-sales-targeting-wealthy-Asian-investors.html

The best Australian homes only Chinese millionaires can afford to buy

It's Golden Week in China, a weeklong holiday where 600 million people flee overcrowded cities on vacation, including six million headed overseas. Some of the wealthiest flock to Australia by the planeload to check out some of the country's most sought-after properties to buy as investments or holiday homes.

Daily Mail

http://www.mortgagebusiness.com.au/breaking-news/10350-big-four-made-67-9m-in-august-by-delaying-cash-cuts?utm_source=MortgageBusiness&utm_campaign=06_10_16&utm_medium=email&utm_content=1&mc_cid=ec2a284e31&mc_eid=dcacb0b85f

Big four made $67.9m by delaying August cash cuts

ANZ, Commonwealth Bank of Australia, NAB and Westpac made $67.9 million in profit on home loans in August 2016 by delaying their cuts in interest rates, a professor of economics has revealed.

Mortgage Business

http://blog.realestateview.com.au/2016/10/sydney-really-risk-property-bubble-bursting/

Is Sydney really at risk of a property bubble bursting?

According to Michael Yardney, CEO of Metropole Property Strategists, the simple answer is NO and property values are not about to collapse! Sure house prices are high compared to many parts of the world, but rising prices per se don’t cause a bubble.

realestateVIEW.com

http://architectureau.com/articles/smar-studio-among-winners-of-science-island-design-competition-in-lithuania/

Australian studio wins first place in Science Island, Lithuania design competition

Australia- and Spain-based architecture firm SMAR Architecture Studio has won an international competition to design the new 33-hectare, €25-million ($36.8-million) National Science and Innovation Centre of Lithuania in Kaunas, known as Science Island. The winners were selected anonymously and announced by Lithuania’s prime minister.

ArchitectureAU

http://www.abc.net.au/news/2016-10-05/analysts-warn-apartment-prices-can-tumble-as-building-boom/7905758

Apartment prices fell 20pc back in 2004, could history repeat?

If history is much of a guide, then the apartment building boom still has at least another 18 months to run, while the last time there was a significant oversupply in the apartment market prices tumbled up to 20 per cent.

ABC News